By Valerie Insinna WASHINGTON (Reuters) – Boeing Co is expected to reveal whether the latest 737 MAX manufacturing problem will derail the U.S. plane maker’s annual goals for passenger jet deliveries and free cash flow when it unveils its first quarter financial results on Wednesday. Investors are clamoring for details on the extent of the…
By Kirstin Ridley LONDON (Reuters) – A former Barclays banker alleges he was undermined, harassed and denied appropriate compensation and promotion because of his Cameroonian background after raising concerns about how the bank constructed some financial models. Louis Samnick, 44, who left Barclays in 2021 after a decade at the bank, is the second of…
By Chris Prentice and Luc Cohen NEW YORK (Reuters) – U.S. prosecutors will square off this week against a former employee of OpenSea, the world’s largest marketplace for non-fungible tokens (NFTs), whom they accuse of insider trading. The charges against Nathaniel Chastain, a former OpenSea product manager, were the first in a series of high-profile…
By Nichola Groom (Reuters) – U.S. President Joe Biden’s plan to challenge China’s dominance in solar panel manufacturing hinges in large part on rules his administration will soon release defining what it means for a product to be American-made, according to industry officials. The Biden administration’s Inflation Reduction Act is offering billions of dollars in…
By Nivedita Balu and Tiyashi Datta (Reuters) – U.S. tech giants will emphasize how artificial intelligence can be the next growth driver when they report quarterly results this week, while investors scrutinize if cost cuts have boosted profits to their satisfaction. Microsoft Corp and Google parent Alphabet Inc kick off earnings for the companies on…
PARIS (Reuters) – The European Central Bank has already gone “most of the way” in raising interest rates to tackle inflation, French ECB policymaker Francois Villeroy de Galhau said on Monday, adding any further rate hikes needed to be limited in number and size. In an annual report to French President Emmanuel Macron published on…
By Christoph Steitz and Tom Käckenhoff FRANKFURT (Reuters) -Thyssenkrupp said on Monday its chief executive Martina Merz, who launched a major overhaul of the German industrial conglomerate, is leaving, causing shares to plunge. Merz took over as CEO in 2019 after a string of profit warnings and a failed steel merger that brought Thyssenkrupp to…
(Reuters) – Tesla Inc raised its capital expenditure forecast for 2023 on Monday as the automaker ramps up output at its factories to take advantage of the rising interest in electric vehicles. The company, led by Elon Musk, said in a filing that it expects to spend between $7 billion and $9 billion this year,…
By Dawn Chmielewski (Reuters) -Walt Disney Co will begin a second wave of layoffs on Monday involving thousands of jobs, as part of efforts to eliminate 7,000 positions and save $5.5 billion in costs, according to sources familiar with the matter. The company will cut “several thousand” jobs through Thursday, with the latest round of…
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – The Russian central bank is expected to hold rates at 7.5% on Friday, a Reuters poll showed, with the risk of inflationary pressure picking up limiting the bank’s room for manoeuvre on any monetary easing. Last year, the bank gradually reversed a late February emergency rate…
