(Reuters) -Tesla Inc is considering setting up a lithium refinery on the gulf coast of Texas, as it looks to secure supply of the key component used in batteries amid surging demand for electric vehicles. The potential battery-grade lithium hydroxide refining facility, which Tesla touted as the first of its kind in North America, will …
Tesla considering lithium refinery in Texas, seeks tax relief Read More »
By Marcelo Rochabrun and Marco Aquino LIMA (Reuters) – Peru can achieve economic growth of 4.3% in 2023, beating official forecasts that are already optimistic, thanks to a new economic package, Finance Minister Kurt Burneo said on Thursday. “We are talking about around 4.3% (growth),” Burneo told Reuters in an interview, a previously unreported figure …
Exclusive-Peru economy can grow target-busting 4.3% next year, finance minister says Read More »
(Reuters) – Shares of Smith & Wesson slumped about 5% in extended trade on Thursday after the gunmaker posted quarterly results that underscored a drop in consumer demand following a surge two years ago. The Springfield, Massachusetts, company said its profit tumbled from a year earlier in what it described as a “challenging” July fiscal …
Smith & Wesson shares drop as report shows weaker gun demand Read More »
By Carolina Mandl (Reuters) – Wall Street’s main indexes posted gains on Thursday mainly lifted by financial institutions and healthcare companies, as investors digested hawkish remarks from policymakers that cemented bets of a large interest rate hike later this month. Indexes bounced back and forth in a choppy trading as concerns over Federal Reserve’s next …
Wall Street ends higher, gains driven by banks, healthcare Read More »
By Jonathan Stempel NEW YORK (Reuters) -Citigroup Inc is entitled to recoup about $500 million of its own money that it accidentally wired Revlon Inc lenders three years early, a U.S. appeals court said on Thursday. Reversing a lower court ruling, the 2nd U.S. Circuit Court of Appeals in Manhattan said it was improper to …
Citigroup wins appeal over mistaken Revlon wire transfer Read More »
By David Shepardson and Nandita Bose WASHINGTON (Reuters) -The White House on Thursday outlined six principles to reform Big Tech platforms and said it was encouraged to see bipartisan interest in Congress to rein in major U.S. tech companies. The six principles, entitled “Enhancing Competition and Tech Platform Accountability,” were released after Biden administration officials …
White House unveils principles for Big Tech reform Read More »
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever World markets survived a one-two punch from the European Central Bank (ECB) and Federal Reserve Chairman Jerome Powell on Thursday, giving investors hope that Asia can end a bruising week on a rare positive note. The ECB raised interest rates by …
(Reuters) -Elon Musk said on Thursday SpaceX had promising talks with Apple Inc about using Starlink’s satellite services for the iPhone 14’s emergency messaging feature, a day after the tech giant picked Globalstar for the task. Globalstar would build the satellites needed for the new feature that will allow iPhone 14 users in the United …
Starlink had talks with Apple over satellite messaging feature – Musk Read More »
(Reuters) -Twitter Inc agreed in June to pay $7 million to settle a compensation dispute with the whistleblower whose allegations will be part of Elon Musk’s case against the company, according to a source familiar with the matter. Whistleblower Peiter “Mudge” Zatko, who was fired by Twitter in January and was the company’s security head, …
Twitter agreed to pay whistleblower $7 million in June compensation settlement Read More »
By Jonathan Stempel NEW YORK (Reuters) -A U.S. judge on Thursday rejected AT&T Inc’s bid to dismiss an unusual Securities and Exchange Commission lawsuit accusing the phone company of selectively leaking financial information to Wall Street analysts. In a 129-page decision, U.S. District Judge Paul Engelmayer in Manhattan said he found “formidable” evidence that AT&T …
U.S. judge rejects AT&T bid to dismiss SEC lawsuit over leaks to analysts Read More »
