US could ban Chinese connected vehicles or impose restrictions, US commerce secretary says
WASHINGTON (Reuters) - U.S. Commerce Secretary Gina Raimondo said on Wednesday the Biden administration could take an "extreme action" and ban Chinese connected vehicles or opt to impose restrictions but must first review extensive public comments....
58m ago
Beyond Meat reports wider loss, quarterly sales decline
(Reuters) - Beyond Meat posted wider-than-expected quarterly loss and an 18% drop in revenue as its higher priced plant-based meat products hit volumes. WHY IT'S IMPORTANT Demand for Beyond Meat's products - including burger patty, sausages and gro...
59m ago
Summer power prices seen surging for Texas, falling in California
NEW YORK (Reuters) - Extreme heat and rising electricity demand are expected to drive up power prices in Texas this summer, while the rest of the U.S. power markets are broadly pricing lower, according to analysts and data this week. WHY IT'S IMPOR...
1h ago
Bumble beats first-quarter revenue estimates, shares surge
(Reuters) -Bumble beat Wall Street estimates for first-quarter revenue on Wednesday, a sign that its push for attracting payers at its dating apps is paying off. Shares of the Austin, Texas-based company, which offers dating apps such as Bumble, Badoo,...
1h ago
Celanese beats quarterly profit estimates as demand picks up
(Reuters) - Chemicals maker Celanese beat first-quarter profit estimates on Wednesday, helped by a steady rise in demand for its products amid persistent destocking trends. Destocking, a process by which companies offload excess inventory, had plag...
1h ago
Germany's Scholz says weakening EU would be self-destructive
FRANKFURT (Reuters) - German Chancellor Olaf Scholz on Thursday denounced calls to weaken the role of the European Union as self-destructive and irresponsible, speaking ahead of EU parliamentary elections in June. In a video message posted on the g...
1h ago
Advancing in Ukraine, Russia to mark victory in World War Two
By Guy Faulconbridge MOSCOW (Reuters) - Russia on Thursday marks the Soviet Union's victory over Nazi Germany in World War Two as relations with the West spiral deeper into crisis over the advance of Russian troops against Ukraine's Western-backed ...
1h ago
US confronts China over Volt Typhoon cyber espionage
By Zeba Siddiqui SAN FRANCISCO (Reuters) - U.S. officials confronted the Chinese government in Beijing last month about a sweeping cyber espionage campaign through which Chinese hackers have broken in to dozens of American critical infrastructure o...
1h ago
Instacart forecasts upbeat current-quarter, taps Uber veteran as CFO
By Granth Vanaik (Reuters) -Instacart forecast its second-quarter gross transaction value (GTV) and core profit above estimates on Wednesday, helped by a surge in grocery orders as well as higher fees for the advertisements it showcases on its grocery ...
1h ago
News Corp misses quarterly revenue estimates
(Reuters) - Media conglomerate News Corp on Wednesday missed Wall Street estimates for third-quarter revenue, weighed down by a sluggish advertising market and lower physical book sales at its book publishing business. Inflation and higher interest...
1h ago