(Reuters) -A SpaceX Falcon 9 rocket carried South Korea’s first spy satellite into orbit on Friday from California’s Vandenberg Space Force Base, after North Korea successfully launched its own military reconnaissance satellite last month. The satellite was placed into orbit and a little over an hour after launch “successfully established communication with an overseas ground…
By Harshita Mary Varghese (Reuters) -Dell Technologies on Thursday reported third-quarter revenue below estimates due to a slower-than-expected recovery in the hardware and software market, sending its shares down 4% after the bell. Vendors in the market have seen a slowdown in demand following the surge in sales of electronic devices during COVID lockdowns on…
By Akash Sriram, Hyunjoo Jin and Abhirup Roy (Reuters) -Tesla’s long-delayed Cybertruck will be priced starting at $60,990, over 50% more than what CEO Elon Musk had touted in 2019 and a cost analysts have said will draw select, affluent buyers. The truck, made of shiny stainless steel and shaped into flat planes, is partly…
By Jonathan Stempel (Reuters) – Pfizer has been sued by Texas Attorney General Ken Paxton, who on Thursday accused the drugmaker of misrepresenting the efficacy of its widely-used COVID-19 vaccine. In a complaint filed in a Lubbock County state court, Paxton said it was misleading for Pfizer to claim its vaccine was 95% effective because…
By Howard Schneider and David Lawder BESSEMER CITY, North Carolina (Reuters) -U.S. Treasury Secretary Janet Yellen traveled to North Carolina on Thursday to tout hundreds of billions of dollars in clean energy investments enabled by federal tax incentives as President Joe Biden struggles to win credit among voters for his economic record. Yellen toured a…
By Tom Wilson and Elizabeth Howcroft LONDON (Reuters) – A new front has emerged in Israel’s fight against the funding of Iran-backed militant groups from Hamas to Hezbollah: A fast-growing crypto network called Tron. Quicker and cheaper than its larger rival Bitcoin, Tron has overtaken its rival as a platform for crypto transfers associated with…
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -Federal Reserve policymakers look increasingly comfortable closing out the year with U.S. interest rates on hold and the clock ticking on how soon to deliver a first rate cut as they try to engineer a “soft landing” for the economy. “Inflation rates are moving along pretty much…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices jumped on Tuesday, settling up about 2% on the possibility OPEC+ will extend or deepen supply cuts, a storm-related drop in Kazakh oil output and a weaker U.S. dollar. Brent crude futures settled up $1.70, or 2.1%, at $81.68 a barrel. U.S. West Texas Intermediate (WTI) crude…
(This Nov. 24 story has been officially corrected to fix tracking firm LevelTen’s data to show that solar contract prices reached their highest level this decade, not ever, in paragraph 14) By Nichola Groom and Jarrett Renshaw (Reuters) – Canceled offshore wind projects, imperiled solar factories, fading demand for electric vehicles. A year after passage…
By Valentine Hilaire and Divya Rajagopal (Reuters) – Panama’s abrupt moves this week to potentially annul the contract for one of the world’s biggest and newest copper mines through a referendum and proposed law alarmed global investors and wiped out about 40% of First Quantum Minerals’ market value. Lawmakers on Thursday ended efforts to scrap…
