Caterpillar names insider Joe Creed as successor to CEO Umpleby
(Reuters) -Caterpillar said on Tuesday that Chief Operating Officer Joe Creed would succeed Jim Umpleby as CEO, a move that…
Business
Barclays downgrades US auto sector due to Trump’s tariff policy
(Reuters) – Barclays on Tuesday downgraded U.S. autos and mobility sector to “negative” from “neutral”, warning that President Donald Trump’s…
Lucid says it is on track to enter midsize electric SUV market next year
By Abhirup Roy and Akash Sriram (Reuters) – Lucid is on track to launch its midsize electric SUV in 2026,…
Meta nears release of new AI model Llama 4 this month, the Information reports
(Reuters) – Meta Platforms plans to release the latest version of its large language model later this month, after delaying…
US oil service firms set for hit from Trump tariffs, tumbling oil prices
By Georgina McCartney HOUSTON (Reuters) – U.S. oilfield service firms are bracing for a hit as President Donald Trump’s tariffs…
Goldman Sachs raises end-2025 gold price forecast to $3,300 per ounce
(Reuters) – Goldman Sachs on Wednesday raised its end-2025 gold price forecast to $3,300 per ounce from $3,100, citing stronger-than-expected…
Lululemon sees weak annual sales, profit as newer styles fail to draw in shoppers
By Neil J Kanatt, Anuja Bharat Mistry (Reuters) -Lululemon Athletica forecast annual revenue and profit below estimates on Thursday as…
Nvidia CEO says orders for 3.6 million Blackwell GPUs exclude Meta
(Reuters) -Nvidia CEO Jensen Huang said on Wednesday that orders for some 3.6 million of its flagship “Blackwell” chips from…
Panama Canal weighs pipeline to move gas, with eye on Asian clients
By Elida Moreno PANAMA CITY (Reuters) – The Panama Canal is exploring the construction of a pipeline to move liquefied…
Barrick says ‘committed to reaching a mutually beneficial resolution’ in Mali
By Portia Crowe (Reuters) – Barrick Gold remains “fully engaged and committed to reaching a mutually beneficial resolution” with Mali…