Ford CEO calls electric vehicle market price cuts ‘a worrying trend’
By David Shepardson and Joseph White WASHINGTON (Reuters) -Ford CEO Jim Farley said on Wednesday that price cuts in the…
Business
Equities choppy while Treasury yields, dollar retreat in choppy trading after Fed hikes rates
(Corrects firm name to RBC Wealth Management from RBC Portfolio Advisory Group in paragraph 5) By Sinéad Carew NEW YORK…
Albemarle cuts annual profit forecast on softening lithium prices
By Ernest Scheyder (Reuters) -Lithium producer Albemarle Corp cut its annual profit forecast on Wednesday despite posting a better-than-expected quarterly…
Spirit AeroSystems takes $110 million in charges, profit hit on Boeing 737
By Valerie Insinna and Abhijith Ganapavaram WASHINGTON (Reuters) -Spirit AeroSystems Holdings Inc on Wednesday took a hefty $110 million loss…
PacWest is weighing strategic options, including possible sale – Bloomberg News
(Reuters) – PacWest Bancorp has been weighing a range of strategic options, including a sale, Bloomberg News reported on Wednesday,…
Joby Aviation to get investment from Tesla shareholder Baillie Gifford
(Reuters) – British investment management firm Baillie Gifford will invest $180 million in electric aircraft maker Joby Aviation, they said…
MetLife profit drops as economic worries hurt adjusted premiums
(Reuters) -MetLife Inc reported a drop in first-quarter profit on Wednesday, as growing economic uncertainty hurt the insurer’s adjusted premiums,…
Dollar holds losses after Fed hikes, signals pause
By Karen Brettell NEW YORK (Reuters) – The dollar fell on Wednesday after the Federal Reserve raised interest rates by…
Airbus piles pressure on engine maker Pratt as profits fall
By Tim Hepher PARIS (Reuters) – Airbus posted a smaller than expected fall in first quarter core earnings as a…
Green Thumb revenue rises as more US states allow marijuana use
By Mrinalika Roy (Reuters) – Green Thumb Industries Inc reported higher first-quarter sales on Wednesday, as customer traffic rose at…