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By Jaspreet Singh (Reuters) -Lucid beat expectations for quarterly deliveries, as the Saudi Arabia-backed maker of luxury electric vehicles lowered prices and offered cheaper financing to drive demand, sending its shares up about 3% on Monday. The company handed over 3,099 vehicles in the fourth quarter, compared with estimates of 2,637, according to six analysts …

Lucid beats estimates for EV deliveries as price cuts, cheaper financing spur demand Read More »

WASHINGTON (Reuters) – U.S. President-elect Donald Trump on Monday refuted a newspaper report that said his aides were exploring tariff plans that would only cover critical imports. “The story in the Washington Post, quoting so-called anonymous sources, which don’t exist, incorrectly states that my tariff policy will be pared back. That is wrong. The Washington …

Trump says reporting on changes to his tariff policy is wrong Read More »

(Reuters) -U.S. Steel and Nippon Steel on Monday filed a lawsuit against U.S. President Joe Biden’s order that blocked the $14.9 billion buyout of the American steelmaker by the Japanese company. Here are some of the important developments since U.S. Steel disclosed plans for a potential sale: DATE DEVELOPMENT Aug. 13, U.S. Steel announces aim …

U.S. Steel, Nippon sue against Biden blocking $14.9 billion deal Read More »

SANTIAGO (Reuters) -Copper production at Chile’s Codelco, the world’s largest producer of the metal, was “slightly higher” in 2024 from the previous year, Chairman Maximo Pacheco said in an interview with a local newspaper on Monday. In the interview with Diario Financiero, Pacheco said production increased by 3,000 to 4,000 metric tons from 2023’s 1.325 …

Chile’s Codelco copper output up ‘slightly’ in 2024, Chairman tells paper Read More »

By Lisa Richwine LOS ANGELES (Reuters) – Netflix’s next venture into live programming starts Monday when the company streams its first episode of “Raw,” the weekly World Wrestling Entertainment spectacle that has been a staple of U.S. television for three decades. WWE executives are moving their flagship show from Comcast’s USA Network to the new …

Netflix and WWE aim to fuel wrestling fervor worldwide Read More »

(Reuters) – Airlines in the United States canceled more than 1,300 flights on Monday after a winter storm brought snow, ice and freezing temperatures to a broad swath of the country. A total of 1,306 flights were canceled and 414 flights were delayed, as of 5.13 a.m. ET, according to flight-tracking website FlightAware. Southwest Airlines …

US airlines cancel over 1,300 flights after winter storm Read More »