(Reuters) -Electric vehicle manufacturer Canoo Inc warned on Monday about its dwindling cash and its ability to continue as a going concern, in further signs that slowing EV demand is significantly impacting startups. Shares of the company were down more than 17% in extended trading after it said there was a substantial doubt about its …
EV startup Canoo warns about future with dwindling cash Read More »
(Reuters) -Warner Bros Discovery said on Monday that independent directors Steven Miron and Steven Newhouse have resigned from the media company’s board, effective immediately. The company said Miron and Newhouse resigned after the U.S. Department of Justice (DOJ) informed them that it was investigating whether their service on the board violated Section 8 of the …
Warner Bros says two independent directors resign after DOJ investigation Read More »
By Chibuike Oguh NEW YORK (Reuters) -The Dow and S&P 500 edged lower on Monday, dragged down by investor worries over the timing of interest rate cuts by the Federal Reserve after stronger-than-expected manufacturing data pushed Treasury yields higher. The Institute for Supply Management (ISM) said its manufacturing PMI increased to 50.3 last month, the …
Dow, S&P close lower as manufacturing data lifts yields Read More »
(Reuters) -Telecom company AT&T said on Saturday that it is investigating a data set released on the “dark web” about two weeks ago, and said that its preliminary analysis shows it has impacted approximately 7.6 million current account holders and 65.4 million former account holders. The company said the data set appears to be from …
AT&T says leaked data set impacts about 73 million current, former account holders Read More »
By Ananta Agarwal and Deborah Mary Sophia (Reuters) -United Parcel Service said on Monday it will become the United States Postal Service’s (USPS) primary air cargo provider, as rival FedEx announced an end to its more than 20-year partnership with the postal service provider. USPS was the largest customer for FedEx’s air-based Express segment, even …
UPS to replace FedEx as U.S. Postal Service’s primary air cargo provider Read More »
By Valentine Hilaire MEXICO CITY (Reuters) -Mexican retailer and lender Grupo Coppel plans to invest more than 12 billion Mexican pesos ($726 million) this year to boost its store network and reduce its environmental footprint, it said in a statement on Monday. The company, owned by the billionaire Coppel family, said it would remodel some …
Mexico’s Grupo Coppel to invest over $700 million in 2024 to boost store network Read More »
By Blake Brittain (Reuters) -A group of authors suing OpenAI for copyright infringement in California failed to convince a New York federal court on Monday to halt related cases brought in Manhattan by the New York Times, the Authors Guild and others. U.S. District Judge Sidney Stein said that the writers, including Michael Chabon, Ta-Nehisi …
NY court rejects authors’ bid to block OpenAI cases from NYT, others Read More »
(Reuters) – Virginia utility regulators on Friday approved new solar projects with a total of 764 MW electricity capacity that will expand Dominion Energy’s clean energy portfolio in the U.S. state. The more than a dozen projects approved by the Virginia State Corporation Commission included four solar facilities – amounting to 329 MW – that …
Virginia regulators approve Dominion Energy solar projects Read More »
By Nate Raymond (Reuters) – A federal judge in Texas on Friday blocked enforcement of new regulations adopted during the Biden administration that sought to overhaul how lenders extend loans and other services to low- and moderate-income Americans. U.S. District Judge Matthew Kacsmaryk in Amarillo, Texas, sided with banking and business groups including the American …
Texas federal judge blocks updated fair lending rules Read More »
(Reuters) – Tesla on Monday raised prices for all Model Y cars in the United States by $1,000, according to its website. The Model Y base variant will now cost $44,990, while the long range and performance variants are priced at $49,990 and $53,490, respectively, according to the Tesla website. Tesla had said in March …
Tesla raises prices of Model Y cars in US by $1,000 Read More »
