Stellantis to invest 160 million euros to launch all-electric SUV in 2025
(Corrects title in last paragraph) (Reuters) – Stellantis will invest 160 million euros ($176.13 million) at its Rennes plant to…
US
Hormel Foods reaffirms 2023 forecasts, shares rise
By Granth Vanaik (Reuters) – Hormel Foods Corp reaffirmed its annual sales and profit forecasts even as its second-quarter revenue…
US construction spending surges in April
WASHINGTON (Reuters) – U.S. construction spending surged in April, boosted by investment in nonresidential structures, but higher mortgage rates continued…
US agency steps up safety probe into air bag ruptures
By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators have stepped up a long-running investigation into potentially defective air bag…
U.S. manufacturing slumps further in May; employment picks up -ISM
WASHINGTON (Reuters) – U.S. manufacturing contracted for a seventh straight month in May as new orders continued to plummet amid…
U.S. first-quarter productivity revised up; labor costs growth lowered
(Refiles to remove extraneous words in paragraph 7) WASHINGTON (Reuters) – U.S. worker productivity slumped in the first quarter, though…
Analysis-US debt-ceiling deal dooms Biden’s revolutionary tax plans
By David Lawder WASHINGTON (Reuters) – U.S. President Joe Biden’s 2020 campaign promise to make wealthy Americans and corporations pay…
EV maker Lucid to raise $3 billion, mainly from Saudi’s PIF
By Akriti Sharma and Abhirup Roy (Reuters) – Lucid Group said it plans to raise about $3 billion through a…
IKEA stores owner Ingka buys warehouse software firm Made4Net
LONDON (Reuters) – The largest owner of IKEA stores has acquired supply chain software firm Made4Net as the Swedish furniture…
C3.ai shares slump as revenue forecast fails to live up to AI hype
By Medha Singh (Reuters) -Shares of C3.ai Inc dropped nearly 20% in early trade on Thursday after the AI software…