(Reuters) – U.S. Steel, whose deal to be bought by Japan’s Nippon Steel has run into political resistance, including from President Joe Biden, forecast first-quarter earnings below estimates on Monday due to lower demand in its tubular business. The company’s tubular business produces steel casing and tubing, line pipes and mechanical tubing, catering to customers…
By Guy Faulconbridge and Andrew Osborn MOSCOW (Reuters) -President Vladimir Putin won a record post-Soviet landslide in Russia’s election on Sunday, cementing his already tight grip on power in a victory he said showed Moscow had been right to stand up to the West and send its troops into Ukraine. Putin, a former KGB lieutenant…
(Reuters) -Tesla said on Saturday it would increase the price for its Model Y electric vehicles (EV) in a number of European countries on March 22 by approximately 2,000 euros ($2,177) or the equivalent in local currencies. The move, announced in a post on social media platform X, followed the automaker’s announcement on Friday that…
By Joey Roulette and Marisa Taylor WASHINGTON (Reuters) – SpaceX is building a network of hundreds of spy satellites under a classified contract with a U.S. intelligence agency, five sources familiar with the program said, demonstrating deepening ties between billionaire entrepreneur Elon Musk’s space company and national security agencies. The network is being built by…
By Waylon Cunningham SAN ANTONIO, Texas (Reuters) – When McDonald’s first opened for business in the 1940s, its workers stood at physical counters, its burgers and fries were listed on paper menus, and its customers paid cash to its human cashiers. How quaint. Today technology so infuses every aspect of McDonald’s business that it would…
(Reuters) -U.S. prosecutors in Virginia are probing whether Facebook-parent Meta’s social media platforms facilitated and profited from the illegal sale of drugs, the Wall Street Journal reported on Saturday, citing documents and people familiar with the matter. The prosecutors sent subpoenas last year and have been asking questions as part of a criminal grand jury…
(Reuters) -Tesla on Friday said it will increase prices for all Model Y cars in the United States by $1,000 on April 1, the automaker said on its website. “Prices will increase by $1,000 for all Model Y trims on April 1,” Tesla said on its website. The company on March 1 had also raised…
By Erwin Seba HOUSTON (Reuters) -Oil prices dipped on Friday, a day after topping $85 a barrel for the first time since November, but prices were expected to finish more than 3% higher for the week on rising demand from U.S. refiners completing planned overhauls. Brent crude oil futures slid 9 cents or 0.11% to…
(Reuters) -U.S. Steel Corp said in a regulatory filing on Friday that the acquisition by Nippon Steel is expected to close later this year. The filing with exchanges comes at a time when the Japanese firm’s $14.9-billion deal to buy the iconic 122-year-old U.S. steelmaker faces heightened scrutiny due to national security concerns. U.S. President…
By Jonathan Stempel (Reuters) -Berkshire Hathaway said Warren Buffett raised the pay of his designated successor Greg Abel to $20 million last year, as the conglomerate posted a record operating profit. The company also urged the rejection of six shareholder proposals, including that Berkshire disclose more about its plans to reduce greenhouse gases and improve…
