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SHANGHAI (Reuters) -U.S. electric vehicle manufacturer Tesla Inc has stopped taking orders for its upcoming Cybertruck pickup truck outside of North America, according to its official website. The automaker is only taking reservations for the Cybertruck in the United States, Canada and Mexico, the website showed. Tesla declined to comment on the matter. Chief Executive Elon …

Tesla stops taking orders for Cybertruck outside North America -website Read More »

By Greg Roumeliotis and Krystal Hu (Reuters) – A unilateral pronouncement that the acquisition of Twitter Inc is “on hold”. Fierce criticism of the social media company’s handling of spam accounts. A “poop emoji” directed at Twitter’s chief executive, Parag Agrawal. These are just some of Elon Musk’s tweets in the last four days, culminating …

Analysis: Why Twitter has ignored Elon Musk’s ‘trolling’ Read More »

By Trevor Hunnicutt and David Lawder WASHINGTON(Reuters) – President Joe Biden will have to resolve a heated internal debate among his aides over whether to cut taxes on goods from China as his administration tries to battle inflation, according to two U.S. officials and three other people familiar with the conversations. Officials within Biden’s administration …

Exclusive: U.S. Treasury’s Yellen and trade czar Tai at odds over China tariffs Read More »

By Jody Godoy (Reuters) – A state court judge found California’s law requiring publicly held companies to include women on their boards unconstitutional, dealing another blow to the state’s push to diversify corporate leadership. Los Angeles Superior Court Judge Maureen Duffy-Lewis issued the decision on Friday in favor of California taxpayers who sought to block …

California law requiring women on company boards struck down Read More »

By David Randall and Carolina Mandl NEW YORK (Reuters) – Tiger Global Management, Winslow Capital Management, and Scopus Asset Management were among funds that sold all of their shares of streaming company Netflix Inc before the company reported its first loss of subscribers in over a decade in March, according to securities fillings released Monday. …

Netflix, Meta dumped by hedge funds as tech sell-off continues Read More »

By Arriana McLymore and Aishwarya Venugopal NEW YORK, NY (Reuters) – Walmart Inc is expected to show a steady rise in gross margins and revenue when it reports first-quarter results on Tuesday as price conscious shoppers, feeling the strain of persistent inflation, increase visits to the low-cost retailer. Walmart has averaged a 4.9% increase in …

Walmart stores expected to post high shopper traffic amid deepening inflation pain Read More »

By Amruta Khandekar and Noel Randewich (Reuters) – The S&P 500 ended lower on Monday, with Tesla and other growth stocks losing ground after downbeat Chinese economic data added to worries about a global slowdown and rising interest rates. China’s economic activity cooled sharply in April as widening COVID-19 lockdowns took a heavy toll on …

S&P 500 ends lower as Tesla falls, while energy rallies Read More »

By David Lawder WARSAW (Reuters) – U.S. Treasury Secretary Janet Yellen thanked Polish leaders for hosting millions of Ukrainian war refugees on Monday, but pressed them to back the European Union’s plans to implement a 15% global corporate minimum tax. Poland is the lone holdout in the European Union’s implementation plan, having vetoed a compromise …

U.S. Treasury’s Yellen presses Poland on global minimum tax Read More »

(Reuters) – Russian oil and gas condensate average output has increased by around 1.7% month on month to 1.4 million tonnes per day (10.25 million barrels per day) in the first half of May, Interfax news agency reported on Monday, citing a source. It also said Russian oil exports excluding the former Soviet Union via …

Russian oil output up 1.7% month on month in May so far, Interfax reports Read More »

(Reuters) – JetBlue Airways Corp plans to launch a hostile takeover offer for Spirit Airlines Inc, the Wall Street Journal reported on Monday, days after the ultra low-cost carrier rejected the company’s $33 per share buyout proposal. JetBlue intends to offer $30 per share in cash in its tender offer, but remains open to paying …

JetBlue to launch tender offer for Spirit Airlines – WSJ Read More »