Rivian beats quarterly revenue estimates on higher-priced EV sales
By Akash Sriram (Reuters) -Rivian Automotive Inc on Tuesday beat Wall Street estimates for quarterly revenue as it sold more…
Business
Tesla says its Texas factory hits output of 5,000 Model Ys per week
BERKELEY, California (Reuters) – Tesla said on Tuesday that its Texas factory achieved production of 5,000 Model Y vehicles per…
Airbnb forecasts fewer bookings, lower prices in Q2; shares slump
By Priyamvada C and Doyinsola Oladipo (Reuters) -Vacation rental booking company Airbnb Inc said on Tuesday that it expected fewer…
Wall Street closes down as focus shifts to inflation data, debt talks
By Carolina Mandl and Caroline Valetkevitch NEW YORK (Reuters) – U.S. stock indexes closed lower on Tuesday as investors grew…
Cryptoverse-Tether gets a lift from stability doubts
By Tom Wilson and Vidya Ranganathan (Reuters) – Digital stablecoin tether is winning the race for the title of the…
Automakers say proposed US emissions rules pose challenges
By David Shepardson WASHINGTON (Reuters) – An auto trade group warned on Tuesday that aggressive U.S. targets for reductions in…
Writers’ strike freezes ‘Handmaid’s Tale,’ ‘Game of Thrones’ spinoff
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) – (This May 8 story has been corrected to say that…
Occidental Petroleum quarterly earnings down 48%, misses estimates
By Sabrina Valle and Sourasis Bose HOUSTON (Reuters) -U.S. oil and gas producer Occidental Petroleum Corp on Tuesday reported a…
Lackluster results, production target cuts deepen EV start-up gloom
By Tiyashi Datta and Abhirup Roy (Reuters) -EV makers Fisker Inc, Nikola Corp and Lucid Group disappointed investors with dull…
Goldman Sachs to pay $215 million to end gender bias lawsuit
By Saeed Azhar and Jonathan Stempel NEW YORK (Reuters) – Goldman Sachs Group Inc agreed to pay $215 million to…