(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 Hilary Russ NEW YORK (Reuters) – The sandwich chain Subway said on Monday that its global comparable sales were 12.1% higher in the first quarter and that guest visits rose, driven in part by restaurant renovations. The privately held company is looking to boost store-level profits as it explores a possible sale, hoping to…
By Ernest Scheyder SANTIAGO (Reuters) -Chilean President Gabriel Boric’s plan to nationalize his country’s immense lithium industry is putting the spotlight on an emerging crop of filtration technologies aimed at revolutionizing how the metal is produced for the electric vehicle industry. In a national prime time address, Boric said last Thursday a new state-owned company…
LONDON (Reuters) – Len Goodman, the head judge on British television dancing competition “Strictly Come Dancing” and its U.S. version “Dancing with the Stars”, has died aged 78, the BBC said on Monday. Goodman was a successful professional ballroom dancer, winning the British championships in his late twenties before retiring from the sport and opening…
By Lucila Sigal BUENOS AIRES (Reuters) – In Argentina’s mountainous north, a strong pipeline of lithium projects close to coming online looks set to unlock a wave of production that could see its output of the key electric vehicle battery metal as much as triple within the next two years. The world’s fourth largest producer…
A look at the day ahead in U.S. and global markets from Mike Dolan With world markets preparing for first-quarter updates from U.S. Big Tech firms this week, the heat under simmering geopolitical tensions went up a notch as a Chinese diplomat to France questioned the independence of all former Soviet states. Ahead of an…
By Kanishka Singh (Reuters) – A 45-foot tall Disneyland dragon burst into flames after catching fire late on Saturday during a show in Anaheim, California, causing those in attendance to flee, local media and officials said, adding no injuries or deaths were reported. “The dragon’s head started to glow, and I see fire and kind…
By Laura Sanicola (Reuters) – U.S. fuelmakers are expected to post higher first-quarter earnings in coming days on strong fuel exports and margins even as domestic diesel demand slumped during the period. Refiners have been riding a wave of favorable pricing and demand as pandemic-era closings boosted margins. Alternating periods of higher demand for products…
(Reuters) – A former prosecutor who led the Manhattan district attorney’s criminal probe into former U.S. President Donald Trump will go ahead with testimony in May before a congressional committee after an effort to block his appearance was dropped, the panel said on Friday. Former Manhattan prosecutor Mark Pomerantz will testify May 12, a spokesperson…
