Tesla raises prices for new Model S, Model X in China
BEIJING (Reuters) – Tesla Inc has raised prices for its new Model S and Model X vehicles in China by…
Business
Macquarie posts record profits on higher income from commodities arm
By Praveen Menon and Roushni Nair (Reuters) -Australia’s Macquarie Group on Friday forecast higher short-term income from its lucrative commodities…
How a US debt crisis standoff could cause a recession – a bad one
By Ann Saphir and Dan Burns WASHINGTON – A fight between Republicans and Democrats over the debt limit ceiling could…
Expedia Group beats Street estimates on record lodging bookings
By Doyinsola Oladipo NEW YORK (Reuters) -Expedia Group Inc on Thursday beat Wall street estimates for first-quarter revenue on record…
Aussie watchdog rejects Virgin Australia-Alliance Aviation charter deal
(Reuters) -Australia’s competition regulator said on Friday it has declined to reauthorise an agreement between Virgin Australia and Alliance Aviation…
Hollywood insiders predict writers strike to drag on through summer
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) – The Hollywood writers’ strike that kicked off this week could…
Carvana expects to record core profit in second quarter; shares jump
(Reuters) -Carvana Co said on Thursday that it expects to post a profit in the current quarter and plans to…
Crypto exchange Coinbase posts smaller loss on cost cuts, more revenue sources
By Mehnaz Yasmin (Reuters) -Cryptocurrency exchange Coinbase Global Inc posted a smaller-than-feared loss in the first quarter, benefiting from cost…
Wall Street ends down as PacWest fuels fears of deeper bank crisis
By Noel Randewich and Ankika Biswas (Reuters) – Wall Street ended lower on Thursday after PacWest’s move to explore strategic…
Lyft shares tumble as cheaper rides to hurt second-quarter margin
By Akash Sriram (Reuters) – Lyft Inc forecast a dull second quarter as price cuts in its race with bigger…