By Joe Brock, Tim Hepher, Giulia Segreti and Paul Sandle PARIS (Reuters) – Airbus struck a deal with budget airline VietJet for up to 150 single-aisle jets at the Paris Airshow on Tuesday, where industry hopes for a return to tariff-free trade were given a boost by U.S. Transport Secretary Sean Duffy. Duffy said he …
Airbus seals VietJet deal as hopes rise at air show for tariff rollback Read More »
(Reuters) -Waymo will expand into more areas of the San Francisco peninsula and parts of Silicon Valley, as the sole commercial robotaxi operator in the U.S. seeks to scale up operations, the Alphabet unit said on Tuesday. The self-driving technology firm had received approval from California last month to expand operations, just as Tesla prepares …
Waymo expands robotaxi services into more parts of San Francisco Bay Area Read More »
(Reuters) -Yum Brands said on Tuesday its finance chief Chris Turner will take over as its CEO from October 1, succeeding company veteran David Gibbs. The company had said in March Gibbs would retire in 2026 after about 37 years at the KFC and Taco Bell parent, during which he assumed several roles and became …
KFC parent Yum Brands’ finance chief Chris Turner to take over as CEO Read More »
By Shashwat Chauhan and Pooja Menon (Reuters) -U.S. solar stocks tumbled on Tuesday after a Senate panel proposed phasing out solar and wind tax credits by 2028, as part of changes to President Donald Trump’s sweeping tax-and-spending bill. Solar inverter maker Enphase Energy and solar panel manufacturer First Solar slid 27.2% and 19.3%, respectively, among …
Solar stocks plunge on Senate proposal to phase out tax credits by 2028 Read More »
By Zaheer Kachwala (Reuters) -The global videogame market’s growth rate is expected to improve marginally in 2025 from the previous year, according to a report from research firm Newzoo, seen exclusively by Reuters on Tuesday. Analysts and industry experts had projected a surge in industry growth this year due to the expected blockbuster launch of …
‘GTA VI’ delay weighs on global videogame market growth, data shows Read More »
By Davide Barbuscia NEW YORK (Reuters) -U.S. Senate Republicans’ proposed changes to President Donald Trump’s sweeping tax-cut and spending bill are expected to push U.S. debt levels higher, roughly in line with projections from the House-passed version, analysts said on Tuesday. Senate Republicans on Monday unveiled proposed changes to the bill the House of Representatives …
Senate tweaks to Trump tax bill seen adding to US debt in line with House plan Read More »
By Shivansh Tiwary (Reuters) -JetBlue Airways is planning new cost-cutting measures such as reducing flights and parking aircraft, as soft travel demand makes achieving a breakeven operating margin in 2025 “unlikely”, according to an internal memo seen by Reuters. The carrier will also look to wind down underperforming routes while focusing on profitable ones, and …
JetBlue to trim flights, cut costs as 2025 breakeven ‘unlikely’, memo shows Read More »
By Utkarsh Shetti (Reuters) -Applied Intuition raised $600 million in a funding round and tender offer that valued the automotive software supplier at $15 billion, more than doubling its valuation from last year in a sign of strong investment appetite for autonomous vehicle technology. The round was co-led by BlackRock-managed funds and accounts alongside venture …
Applied Intuition valued at $15 billion for autonomous vehicle tech Read More »
WASHINGTON (Reuters) -U.S. business inventories were unchanged in April amid a decline in stocks at manufacturers, suggesting inventories could be a drag on gross domestic product in the second quarter. The unchanged inventories reading followed a 0.1% gain in March, the Commerce Department’s Census Bureau said on Tuesday. That was in line with economists’ expectations. Inventories …
WASHINGTON (Reuters) -U.S. factory production barely rose in May as a surge in motor vehicle and aircraft output was partially offset by weakness elsewhere, and the outlook for manufacturing remains clouded by tariffs. Manufacturing output edged up 0.1% last month after a downwardly revised 0.5% decline in April, the Federal Reserve said on Tuesday. Economists …
