Reuters US Business

By Aditya Soni (Reuters) -Tesla shares jumped about 7% on Monday after better-than-expected quarterly deliveries showed that Chief Executive Elon Musk’s plan of boosting volumes through discounts was working. The day’s gains lifted the top U.S. electric-vehicle manufacturer’s market capitalization by around $57 billion to $887 billion. At $277, the stock has already more than …

Tesla extends blistering rally after quarterly deliveries beat Read More »

By Lewis Krauskopf, Bansari Mayur Kamdar and Johann M Cherian (Reuters) – Wall Street’s main indexes ended with slim gains in a holiday-shortened session on Monday, helped by a surge in Tesla and strength in bank shares as the second half of the year kicked off on a subdued note. Tesla shares jumped 6.9% as …

Wall St ends slightly higher in shortened session, Tesla jumps Read More »

(Reuters) – Nasdaq refiled an application with the U.S. securities regulator to list an exchange-traded fund by BlackRock Inc that will reflect the price of bitcoin to add additional details, according to a filing made public on Monday. The refreshed filing, submitted to the U.S. Securities and Exchange Commission (SEC) on Thursday, said that Coinbase …

Nasdaq refiles BlackRock’s bitcoin ETF application with SEC Read More »

By Daina Beth Solomon MEXICO CITY (Reuters) – The U.S. wants Mexico’s government to build strong institutions to protect worker rights as companies aiming to avoid supply chain disruptions in far-off production spots bring more jobs to the country, a top U.S. labor official told Reuters. Mexico has begun to benefit from “nearshoring” in which …

As companies bring more jobs to Mexico, US wants labor rights safeguards Read More »

By Lewis Jackson SYDNEY (Reuters) -PwC Australia has fired eight partners as part of an internal investigation into the leak of confidential government tax plans by another former partner, the firm said on Monday. The eight partners, who have left or are in the process of leaving, include former CEO Tom Seymour, who resigned in …

PwC Australia sacks eight partners over tax leak scandal Read More »

SYDNEY (Reuters) – An Australian project management firm has filed a lawsuit against Twitter Inc in a U.S. court seeking cumulative payments of about A$1 million ($665,000) over alleged non-payment of bills for work done in four countries, court filings showed. Sydney-based private company Facilitate Corp on June 29 filed the suit in the United …

Australian firm sues Twitter for $665,000 for not paying bills Read More »

(Corrects attribution in paragraph 5 to Zip’s ANZ CEO from Director for investor relations) (Reuters) -Australian buy-now-pay-later firm Zip Co is further streamlining its operations and cost base following a recent review, a company official told Reuters on Monday. The move comes as sector grapples with increased regulatory scrutiny and falling valuations amid reduced customer …

Australia’s BNPL firm Zip to streamline cost and operations – official Read More »

LONDON (Reuters) – U.S. property catastrophe reinsurance rates rose by as much as 50% at a key July 1 renewal date, broker Gallagher Re said in a report on Monday, with states such as California and Florida increasingly hit by wildfires and hurricanes. Reinsurers insure insurance companies, and have been raising rates in recent years …

U.S. property catastrophe reinsurance rates rise up to 50% on July 1-report Read More »

(Reuters) -Tyson Foods is reintroducing certain antibiotics to its chicken supply chain and will drop its “no antibiotics ever” tagline from Tyson-branded chicken products, a Tyson spokesperson said on Sunday. This will involve drugs that the company said are not important to human health. The antibiotics that Tyson plans to add to some of its …

Tyson Foods to drop ‘no antibiotics ever’ label on some chicken products Read More »

(Reuters) -Tesla Inc on Sunday said it delivered a record number of vehicles in the second quarter, topping market estimates as price cuts and U.S. federal credits helped make its electric vehicles more affordable. The Elon Musk-led company handed 466,140 vehicles in the April to June period, up 10% from the preceding quarter, and 83% …

Tesla beats second-quarter delivery estimates as price cuts pay off Read More »