(Reuters) – Electric-vehicle maker Lucid Group said on Tuesday it will open orders for its Gravity SUV on Nov. 7, as it looks to drum up demand and attract a wider swathe of customers. The move comes on the heels of a successful fundraising round as Lucid looks to expand its product lineup to compete …
Lucid to open orders for Gravity electric SUV next week Read More »
(Reuters) – U.S. defense contractor Leidos Holdings raised its annual profit and revenue forecasts on Tuesday, banking on strong worldwide weapons demand amid growing geopolitical tensions. Shares of the company, which develops hypersonic weapons and other arms, were up 6% before the opening bell. The ongoing Middle East crisis and the Russia-Ukraine war have fueled …
Leidos lifts annual forecasts on robust defense demand Read More »
(Reuters) – Index provider MSCI on Tuesday reported a rise in its third-quarter profit helped by robust demand for its products and services. WHY IT’S IMPORTANT The Federal Reserve’s recent decision to cut the benchmark interest rate for the first time in four years has encouraged investors to increase spending on risk-hedging and research products. …
MSCI reports strong Q3 profit amid increased demand for financial products Read More »
By Niket Nishant and Manya Saini (Reuters) – U.S. regional banks continue to grapple with pressures in their office loan books as remote work stays prevalent, but rate cuts may provide some relief by easing the strain on other commercial real estate (CRE) segments, analysts said. Nearly a dozen mid-sized and regional U.S. banks reported …
Deteriorating office loans stress US regional banks’ CRE portfolios Read More »
By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen is seeking to reclaim the narrative on the Biden administration’s economic record on Tuesday, arguing that Americans are better off than they were when President Joe Biden took office. In excerpts of remarks to a banking conference released by the Treasury a week before …
A week before US vote, Yellen revives arguments on strong economy Read More »
By Ann Saphir (Reuters) – This past summer, leads for Brian Brown’s landscaping business near Lake Tahoe were drying up. “We’d put together bids, call clients, and they were like, ‘well, we’re going to think about it,’” said Brown, whose typical customer owns luxury property in the California resort area. “Most of our clientele are …
Fed’s rate cut revives small business optimism and plans to borrow Read More »
By Lisa Baertlein LOS ANGELES (Reuters) – U.S. nonprofit Climate United on Tuesday announced a plan to spend up to $250 million to buy as many as 500 electric semi trucks over three years in what it called the biggest single order of those zero-emissions trucks in the country so far. Climate United then aims …
US nonprofit to spend $250 million on electric trucks to lease at California ports Read More »
By Ricardo Brito BRASILIA (Reuters) – Brazil’s Collective Defense Institute, a consumer rights group, has filed two lawsuits demanding 3 billion reais ($525.27 million) from the Brazilian units of TikTok, Kwai and Meta Platforms for allegedly failing to create mechanisms to prevent indiscriminate use of these social media platforms by minors, according to initial petitions …
Brazil institute sues social media giants for $525 million over usage by minors Read More »
By Utkarsh Shetti (Reuters) -Boeing launched a stock offering that could raise up to $24.3 billion as the planemaker looks to strengthen its finances squeezed by a more than six-week strike by factory workers and preserve its investment-grade credit rating. The move will boost Boeing’s battered finances, which have worsened since roughly 33,000 of its …
Boeing to raise up to $24.3 billion to shore up finances, stave off downgrade Read More »
By Lananh Nguyen and Douglas Gillison LAS VEGAS/WASHINGTON (Reuters) – Gary Gensler, chair of the U.S. Securities and Exchange Commission, said on Monday that he would continue his work to protect investors after threats of firing and calls for his dismissal from prominent Republicans and Democrats as the Nov. 5 presidential election approaches. WHY IT’S …
Wall Street regulator pledges to press on amid Trump threats, political pressure Read More »
