(Reuters) -Mondelez International Inc topped Wall Street estimates for quarterly revenue on Thursday, as the Oreo cookie maker benefited from higher prices and strong demand for its chocolates and biscuits in emerging markets. Packaged food makers have been struck by soaring shipping and labor expenses due to a strained supply chain, while surging demand for…
By Hyunjoo Jin and Nivedita Balu (Reuters) -Tesla’s most important products this year and next will not be cars, Chief Executive Elon Musk said on Wednesday, but software that drives them autonomously and a humanoid robot. The audacious promises by the best-known billionaire in the electric car industry face major challenges, from technology to regulation….
By Stephanie Kelly NEW YORK (Reuters) – Oil prices fell on Thursday after Brent crude hit a seven-year high above $90 a barrel, as the market balanced concerns about tight worldwide supply with expectations the U.S. Federal Reserve will soon tighten monetary policy. Global benchmark Brent fell 62 cents to settle at $89.34 a barrel,…
By Jarrett Renshaw and Nichola Groom WASHINGTON (Reuters) -The White House is considering extending Trump-era tariffs on solar power imports, but with a handful of tweaks to make it easier for domestic installers to access supplies, according to two sources familiar with the administration’s thinking. The plan represents an attempt by U.S. President Joe Biden’s…
By Cassandra Garrison MEXICO CITY (Reuters) – Shares of Mexican telecoms giant America Movil slipped on Thursday, a day after a highly anticipated vote by a regulator kept the company without a sought-after license to enter the local pay TV market. Shares of the company, controlled by the family of Mexican tycoon Carlos Slim, fell…
By Erwin Seba HOUSTON (Reuters) – Exxon Mobil Corp and the United Steelworkers union (USW) have swapped proposals as they work toward possibly ending a nearly 10-month lockout by the company of Beaumont, Texas, refinery workers, Exxon said on Thursday. The company did not offer details about either offer made at a meeting on Wednesday….
By Noel Randewich (Reuters) – Shares of Tesla Inc slumped on Thursday, with smaller competitors also taking a hit after the leading electric vehicle maker warned that supply chain problems will last throughout 2022. Tesla’s stock dropped 8% and was on track for its worst one-day percentage decline since early November after the company late…
PARIS (AP) — The name Kim Jones dominated Paris fashion for a second week running as the indefatigable Briton who designs for Dior Men’s returned to the runway for his latest couture collection for Fendi. Following in the steps of the late Karl Lagerfeld at the Roman house’s creative helm is no easy task —…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices steadied on Thursday, after Brent crude earlier hit a seven-year high above $90 a barrel, as the market continued to balance concerns about tight worldwide supply with expectations that the U.S. Federal Reserve will soon tighten monetary policy. Global benchmark Brent rose 15 cents to $90.11 a…
WASHINGTON (Reuters) – The U.S. Federal Communications Commission (FCC) on Thursday voted to revoke the authorization for China Unicom’s U.S. unit to operate in the United States. (Reporting by Diane Bartz)
