Nikola to pause production, cut costs after quarterly loss
(Reuters) – Nikola Corp on Tuesday reported a bigger quarterly loss and said it would pause production to streamline the…
Economy
Airbus Jan-April deliveries fall 5%, regains lead over Boeing
PARIS (Reuters) – Airbus delivered 54 airplanes in April, bringing its total for the year to 181, down 5% from…
Facebook is wrong to say news lacks economic value, says Canada PM Trudeau
By Ismail Shakil OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau on Tuesday said Meta Platforms Inc’s opposition to proposed…
Republican Speaker McCarthy opposes extending debt-ceiling through fiscal year
WASHINGTON (Reuters) – Republican U.S. House of Representatives Speaker Kevin McCarthy said on Tuesday he opposes the idea of extending…
Elon Musk and Tesla break ground on massive Texas lithium refinery
By Hyunjoo Jin and Ernest Scheyder (Reuters) -Tesla Inc on Monday broke ground on a Texas lithium refinery that CEO…
Investment bankers bonuses forecast to drop as much as 20% this year – report
By Tatiana Bautzer NEW YORK (Reuters) – Investment bankers working on mergers, acquisitions or equity offerings are expected to have…
Americans’ confidence in Powell hits a low mark for a Fed chief, poll shows
(Reuters) – Americans’ confidence in Federal Reserve Chair Jerome Powell’s economic stewardship has skidded to the lowest of any recent…
Coty’s fragrances sweeten profit forecast after strong beat
By Ananya Mariam Rajesh and Deborah Mary Sophia (Reuters) -Coty Inc on Tuesday raised its annual profit forecast for the…
US small business sentiment slumps to more than 10-year low
By Lucia Mutikani WASHINGTON (Reuters) -U.S. small business confidence fell to more than a 10-year low in April on worries…
KKR, Macquarie eyeing Singapore’s waste management firm SembWaste – sources
By Kane Wu and Yantoultra Ngui HONG KONG/SINGAPORE (Reuters) – U.S. private equity group KKR & Co Inc and Australia’s…