Pinduoduo owner PDD rides discount wave to beat revenue estimates
By Chavi Mehta and Casey Hall (Reuters) – PDD Holdings Inc beat analysts’ estimates for first-quarter revenue on Friday as…
Business
Tipster on Ericsson won SEC’s largest ever whistleblower award of $279 million -WSJ
(Reuters) -The record $279 million whistleblower award issued by the U.S. Securities and Exchange Commission earlier this month stemmed from…
Brahman Capital shuts hedge fund as profits dry up – Bloomberg News
(Reuters) – New York-based investment management company Brahman Capital Corp is closing one of its equity hedge fund and returning…
China steel prices hit three-year low on demand woes
(Fixes related content links) BEIJING (Reuters) -Steel rebar prices in China hit their lowest in three years this week, underscoring…
Renault CEO says Euro 7 regulation distracting industry from electrification
MILAN (Reuters) – Renault’s chief executive said on Friday the European Union’s proposed Euro 7 emissions rules for vehicles would…
Dutch watchdog looking into alleged Tesla data breach
By Riham Alkousaa and Toby Sterling BERLIN/AMSTERDAM (Reuters) – The data protection watchdog for the Netherlands said on Friday it…
US money market funds see big inflows amid debt ceiling caution
(Reuters) – U.S. money market funds saw big inflows in the week to May 24 as investors favored safer bets…
Norway targets U.S. oil majors as climate activist resolution boosted at TotalEnergies
By Victoria Klesty, Benjamin Mallet and America Hernandez (Reuters) -Pressure mounted on oil majors on Friday as Norway’s giant sovereign…
U.S. Treasury’s Adeyemo sees no ability to ‘triage’ payments without debt limit hike
WASHINGTON (Reuters) – Deputy U.S. Treasury Secretary Wally Adeyemo said on Friday that the U.S. government does not have the…
Embraer exec sees no sales hit from Pratt & Whitney engine woes
LISBON (Reuters) – The head of Brazilian Embraer’s planemaking division dismissed concerns that problems at engine supplier Pratt & Whitney…