EV maker Fisker cuts output forecast on supply chain woes; shares slide
By Akash Sriram and Abhirup Roy (Reuters) -Fisker Inc shares fell nearly 9% on Friday after supply chain issues forced…
2023
Albemarle jumps into global race to reinvent lithium production
By Ernest Scheyder (Reuters) – Albemarle is building an Arkansas facility to test its version of direct lithium extraction (DLE)…
Ringleader of NBA health care fraud gets 10 years prison
By Jonathan Stempel NEW YORK (Reuters) – A former National Basketball Association player was sentenced on Thursday to 10 years…
TDR, Sycamore in talks for joint Subway bid -sources
By Anirban Sen and Abigail Summerville NEW YORK (Reuters) – Private equity firms TDR Capital and Sycamore Partners are in…
Turkey’s economic team holds first investor meeting since policy U-turn
By Jonathan Spicer and Orhan Coskun ISTANBUL (Reuters) – Turkey’s new-look economic team met for the first time with dozens…
Exchange operator Cboe’s profit rises on swelled up trading volumes
By Jaiveer Shekhawat and Laura Matthews (Reuters) – Exchange operator Cboe Global Markets on Friday reported a rise in its…
Maersk warns of slower demand for container shipping
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Shipping group A.P. Moller-Maersk warned on Friday of a steeper decline in global demand…
Google-parent Alphabet offloads nearly 90% stake in trading app Robinhood
By Niket Nishant (Reuters) -Google-parent Alphabet said on Friday it had slashed its stake in Robinhood Markets by nearly 90%,…
Putin signs law on windfall tax
(Reuters) – President Vladimir Putin has signed a law introducing a windfall tax on excess profits of Russian companies, which…
Meme stock Tupperware jumps as debt restructuring deal fires up retail army
By Medha Singh and Savyata Mishra (Reuters) -Shares of Tupperware Brands surged 44% on Friday, after the kitchen storage container…