By Siddharth Cavale and Sheila Dang (Reuters) -Walmart said on Friday it is not advertising on social media platform X, one of the latest brands to say it has dropped the Elon Musk-owned site. “We aren’t advertising on X as we’ve found other platforms to better reach our customers,” a Walmart spokesperson said. X, formerly…
By Abhirup Roy, Hyunjoo Jin and Chavi Mehta SAN FRANCISCO (Reuters) -Tesla’s pricier-than-expected Cybertruck pickup, which offers driving ranges that fell well short of what CEO Elon Musk had promised, has deeply disappointed some but fascinated others with its futuristic, SUV-like feel. The Cybertruck, two years behind schedule, enters a hot pickup truck market to…
(Reuters) – Ride-hailing service Uber Technologies will join the S&P 500 effective at the open of trading on Dec. 18, along with S&P MidCap 400 constituents Jabil Inc and Builders FirstSource Inc, S&P Dow Jones Indices announced late Friday. The stocks will replace Sealed Air Corp, Alaska Air Group Inc and SolarEdge Technologies Inc in…
By Suzanne McGee (Reuters) – Exchange-traded funds (ETFs) had a bumper month in the United States in November, with assets climbing to a record $7.65 trillion, State Street Global Advisors said on Friday. ETF investors aggressively bought “risk on” assets in November as “the switch flipped,” said Matthew Bartolini, head of SPDR Americas Research at…
By Valerie Insinna and Mike Stone WASHINGTON (Reuters) – The U.S. Air Force has eliminated Boeing from its competition to develop a successor to the E-4B Nightwatch, Boeing confirmed on Friday, shaking up the battle to build the next version of the aircraft known as the “Doomsday Plane” due to its ability to survive a…
(Reuters) -A SpaceX Falcon 9 rocket carried South Korea’s first spy satellite into orbit on Friday from California’s Vandenberg Space Force Base, after North Korea successfully launched its own military reconnaissance satellite last month. The satellite was placed into orbit and a little over an hour after launch “successfully established communication with an overseas ground…
By Harshita Mary Varghese (Reuters) -Dell Technologies on Thursday reported third-quarter revenue below estimates due to a slower-than-expected recovery in the hardware and software market, sending its shares down 4% after the bell. Vendors in the market have seen a slowdown in demand following the surge in sales of electronic devices during COVID lockdowns on…
