(Reuters) – Levi Strauss’ shares slumped about 11% in premarket trading on Thursday after it forecast tepid holiday quarter revenue as the denim maker grapples with weak demand from retailers with consumers paring back spending. The company, whose stock has risen about 27% so far this year and was trading at $18.77 premarket, also said…
By Trevor Hunnicutt and Gabriella Borter (Reuters) – Vice President Kamala Harris plans to campaign with former Congresswoman Liz Cheney on Thursday in Wisconsin as the Democratic presidential candidate tries to court Republican and centrist voters in a battleground state for the Nov. 5 election. Cheney and her father Dick Cheney, former Vice President under…
(Reuters) -Tesla said on Thursday it would recall more than 27,000 Cybertrucks due to delayed rear-view camera images that could impair driver visibility and increase crash risks, adding that a software update would resolve the issue. The recall affects most Cybertrucks in the U.S. and is the biggest one for the electric truck. Tesla had…
By Lisa Richwine LOS ANGELES (Reuters) – One of two California doctors who were among the five people charged in the overdose death of “Friends” star Matthew Perry is expected to plead guilty on Wednesday to a charge of illegally distributing the drug ketamine. Dr. Mark Chavez has signed an agreement with prosecutors to plead…
By Akash Sriram (Reuters) -Tesla handed over fewer vehicles than analysts expected in the third quarter as stiff competition in China and Europe hit demand for its aging models, putting the electric-vehicle maker at risk of its first-ever decline in annual deliveries. Shares of the world’s most valuable automaker fell more than 6% in morning…
(Reuters) -Humana said on Wednesday that a lower-performance rating for a widely used Medicare insurance plan hurt enrollments for 2025 and will potentially hit the health insurer’s revenue and bonus payments in 2026, sending shares down about 23% premarket. The company said it has about 1.6 million, or 25% of its total members, currently enrolled…
By Krystal Hu (Reuters) – OpenAI has raised $6.6 billion from investors at a post-money valuation of $157 billion, cementing the ChatGPT maker’s status as one of the most valuable private companies in the world,sources familiar with the matter said on Wednesday. The funding has attracted returning venture capital investors including Thrive Capital and Khosla…
By Hannah Lang (Reuters) -California fintech giant SoFi is teaming up with British capital markets platform PrimaryBid Technologies to expand its initial public offering share placement business, the company told Reuters. SoFi’s new directed share platform, which went live on Wednesday, is designed to allow companies raising capital to allocate a portion of their offering…
(Reuters) -U.S. drugmaker Eli Lilly said on Wednesday it will invest $4.5 billion to create a new center in Indiana that will focus on developing new ways to manufacture its drugs and increasing production of experimental medicines used in clinical studies. Lilly and Danish rival Novo Nordisk are market leaders for a class of weight-loss…
By Krystal Hu (Reuters) -OpenAI, the company behind ChatGPT, has raised $6.6 billion from investors, which could value the company at $157 billion and cement its position as one of the most valuable private companies in the world. The funding has attracted returning venture capital investors including Thrive Capital and Khosla Ventures, as well as…
