By Norihiko Shirouzu (Reuters) – Geely’s EV brand Zeekr is the latest to join a growing list of automakers that have turned to the “gigapress” die casting technique pioneered by Tesla to slash the cost of electric cars. Zeekr’s manufacturing technology chief Jiang Kehong told Reuters the Chinese carmaker had started using massive aluminium die…
By Yuvraj Malik (Reuters) -EBay Inc on Wednesday forecast current-quarter revenue above Wall Street projections after beating March-quarter earnings estimates, as it benefits from its strategy of focusing on product categories including sneakers and watches. A selective push from the ecommerce firm also on items like collectibles and refurbished products is helping it drive sales…
By David Shepardson WASHINGTON (Reuters) -Elon Musk, the billionaire CEO of electric vehicle maker Tesla and social media platform Twitter, discussed artificial intelligence issues and electric vehicles with U.S. Senate Majority Leader Chuck Schumer on Wednesday. “We talked about the future,” Musk told reporters after exiting the meeting that lasted about an hour. “We talked…
By Jonathan Stempel and Jack Queen NEW YORK (Reuters) – A writer explained in graphic detail on Wednesday how Donald Trump allegedly raped her nearly 30 years ago, at a civil trial to determine whether the former U.S. president assaulted her and then lied about it. “I’m here because Donald Trump raped me, and when…
By Liz Hampton (Reuters) -Scott Sheffield, who built U.S. oil producer Pioneer Natural Resources into the largest producer in Texas, will retire at the end of the year, the company said on Wednesday. His departure likely will reignite perennial Wall Street talk that the Dallas-based company could become a takeover target. With its $52 billion…
By Sinéad Carew, Ankika Biswas and Sruthi Shankar (Reuters) – The tech-heavy Nasdaq closed slightly higher on Wednesday after strong Microsoft Corp results boosted technology shares, but the S&P 500 and the Dow fell on lingering concerns about a weakening U.S. economy and the banking sector. Economically sensitive transport stocks had their weakest day in…
By Davide Barbuscia CHICAGO (Reuters) – BlackRock has been buying U.S. Treasuries in anticipation of an economic slowdown and a protracted fight between the U.S. government and Congress around the debt limit, BlackRock Chief Investment Officer of Global Fixed Income Rick Rieder said on Wednesday. A U.S. debt default, though considered unlikely, would send financial…
SHANGHAI (Reuters) – Apple Inc and its Android rivals saw sales slide in the first quarter in China, research firm Canalys reported on Thursday, as consumers continued to tighten their belts following the lifting of COVID-19 restrictions. The iPhone maker was the top-selling brand over the first three months of the year, with 20% market…
By Dawn Chmielewski and Lisa Richwine (Reuters) -Walt Disney Co sued Florida Republican Governor Ron DeSantis on Wednesday, asking a court to overturn state efforts to control Disney World and intensifying a battle between a global entertainment giant and a likely White House contender. In its lawsuit, Disney accused DeSantis and his supporters of illegally…
(Reuters) -Bristol Myers Squibb Co said on Wednesday CEO Giovanni Caforio will step down in November and be succeeded by Chief Commercialization Officer Christopher Boerner. Boerner, who has been CCO since 2018, was named chief operating officer until he takes the top job. He joined the company in 2015 and previously served in leadership roles…
