SHANGHAI (Reuters) – Tesla Inc has tapped China chief Tom Zhu to troubleshoot production engineering challenges in the United States, according to two people with knowledge of the matter. They are working on upcoming projects, including the Cybertruck, the people said, adding that Zhu’s colleagues in China believe he is being groomed for a bigger…
(Reuters) – Tesla Inc is offering discounts on Model 3 and Model Y vehicles delivered in the United States and Canada this month, sales pages on its website showed on Wednesday, amid concerns the automaker is facing softening demand as economies slow. The company is giving a $7,500 credit in the United States and a…
MOSCOW (Reuters) -The rouble slumped to its weakest since late April past 72 against the dollar on Thursday as fears over the impact of sanctions on Russian oil and gas took the currency’s losses this month to more than 15%. By 0740 GMT, the rouble was down 1.8% against the dollar at 72.25 , earlier…
A look at the day ahead in European and global markets from Ankur Banerjee Markets are attempting a brief Santa rally ahead of Christmas as traders wind down for the year, with a rebound in U.S. consumer confidence providing the fillip, while the yen charges on after the Bank of Japan bombshell earlier this week….
By Wayne Cole SYDNEY (Reuters) – Asian stocks climbed into the black on Thursday after an upbeat reading on U.S. consumers cheered Wall Street investors, while the yen added to the week’s massive gains as Japanese bond yields settled into a new higher range. In a surprise, U.S. consumer confidence rose to an eight-month high…
(Corrects byline) By Luc Cohen, Jared Higgs and Jack Queen NEW YORK/NASSAU (Reuters) -FTX founder Sam Bankman-Fried left the Bahamas on Wednesday on a U.S.-bound flight to face fraud charges as federal prosecutors announced that two of his former associates had pleaded guilty to charges and were now cooperating with the government. Manhattan U.S. Attorney…
WASHINGTON (Reuters) – U.S. authorities on Wednesday said they have charged Caroline Ellison, the former CEO of Alameda Research, and Gary Wang, the former chief technology officer of FTX Trading Ltd, for their roles in the alleged fraud that contributed to FTX’s collapse. U.S. Attorney Damian Williams said in a video statement that both Wang…
By Wayne Cole SYDNEY (Reuters) – Asian stocks climbed into the black on Thursday after an upbeat reading on U.S. consumers cheered Wall Street investors, while the yen added to its recent massive gains as Japanese bond yields shifted into a new higher range. In a surprise, U.S. consumer confidence rose to an eight-month high…
By Zhang Yan and Hyunjoo Jin SHANGHAI/SAN FRANCISCO (Reuters) – Tesla Inc’s China chief Tom Zhu and a team of his reports has been brought in to troubleshoot production issues in the United States, fueling talk among colleagues he is being groomed for a bigger role at a time when Chief Executive Elon Musk has been…
By Ananya Mariam Rajesh (Reuters) -Under Armour Inc on Wednesday named veteran hotelier Stephanie Linnartz as its chief executive, betting that her experience in e-commerce and branding strategy will help revive sales at the apparel maker. Linnartz, who will join Baltimore-based Under Armour on Feb. 27, will take over at a time when the company…
