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GM Hires Former Apple Executive Abbott To Lead Software Unit
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GM Hires Former Apple Executive Abbott To Lead Software Unit

The Cheap InvestorMay 9, 20230

(Reuters) – General Motors Co on Tuesday named former Apple Inc executive Mike Abbott to lead a division that will…

PacWest Leads Losses In Regional Bank Stocks
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PacWest Leads Losses In Regional Bank Stocks

The Cheap InvestorMay 9, 20230

(Reuters) -Shares of PacWest Bancorp looked set to lead declines in U.S. regional lenders at market open on Tuesday as…

Fisker Cuts Production Forecast As Challenges Mount For EV Startups
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Fisker Cuts Production Forecast As Challenges Mount For EV Startups

The Cheap InvestorMay 9, 20230

(Reuters) -Fisker Inc lowered its 2023 production target on Tuesday, the latest sign that U.S. electric-vehicle startups were struggling to…

PacWest, Western Alliance Lead Slide In Regional Bank Stocks
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PacWest, Western Alliance Lead Slide In Regional Bank Stocks

The Cheap InvestorMay 9, 20230

(Reuters) – Shares of regional lenders PacWest Bancorp and Western Alliance resumed their slide in premarket trading on Tuesday as…

Futures On Shaky Ground After Disappointing Earnings Forecasts
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Futures On Shaky Ground After Disappointing Earnings Forecasts

The Cheap InvestorMay 9, 20230

(Reuters) – U.S. stock index futures fell in the early hours of Tuesday on downbeat earnings forecasts from Apple supplier…

Iveco To Fully Own Venture With Nikola On Electric, Hybrid Trucks
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Iveco To Fully Own Venture With Nikola On Electric, Hybrid Trucks

The Cheap InvestorMay 9, 20230

MILAN (Reuters) -Iveco Group will buy full ownership of its joint venture with U.S. start-up Nikola Corp which develops battery…

China Should Set Clear Rules For Due Diligence Sector Amid Probes - US Business Lobby
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China Should Set Clear Rules For Due Diligence Sector Amid Probes – US Business Lobby

The Cheap InvestorMay 9, 20230

SHANGHAI (Reuters) – The American Chamber of Commerce in Shanghai said on Tuesday it was concerned about reports of investigations…

Asian Stocks Edge Lower Amid Gloomy China Data As US CPI Looms
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Asian Stocks Edge Lower Amid Gloomy China Data As US CPI Looms

The Cheap InvestorMay 9, 20230

By Kevin Buckland TOKYO (Reuters) – Asian stocks eased back from more than two-week highs on Tuesday as traders squared…

China's Shrinking Imports, Slower Exports Growth Darken Economic Outlook
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China’s Shrinking Imports, Slower Exports Growth Darken Economic Outlook

The Cheap InvestorMay 9, 20230

By Joe Cash BEIJING (Reuters) – China’s imports contracted sharply in April, while exports rose at a slower pace, reinforcing…

Indicted FTX Founder Bankman-Fried Urges Court To Toss Charges
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Indicted FTX Founder Bankman-Fried Urges Court To Toss Charges

The Cheap InvestorMay 9, 20230

By Luc Cohen NEW YORK (Reuters) -Sam Bankman-Fried, who has long denied stealing from customers of his FTX cryptocurrency exchange,…

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