(Reuters) -Elon Musk’s SpaceX will record revenue of about $15.5 billion this year, the billionaire said on Tuesday, underscoring the rocket maker’s growing dominance in the commercial space sector. The company’s commercial revenue from space will exceed NASA’s budget of roughly $1.1 billion next year, Musk said in a post on X. While NASA continues …
Elon Musk projects SpaceX revenue of about $15.5 billion in 2025 Read More »
By Nathan Gomes and Kalea Hall (Reuters) -U.S. auto sales for Ford Motor and South Korea’s Hyundai Motor rose in May, the companies reported on Tuesday, as concerns over potential tariff-related price hikes prompted buyers to act fast on their purchases of cars and SUVs. U.S. President Donald Trump’s tariff policies have fueled uncertainty across …
Ford, Hyundai post higher US sales in May on strong SUV, truck demand Read More »
By Arsheeya Bajwa (Reuters) -Palantir Technologies has succeeded where most tech stocks have struggled this year: staying hot in a cooling market. The company’s military-grade AI tools along with its deep defense ties and high-level government connections at a time when the U.S. is boosting spending on defense software have helped investors raise the bets …
Palantir defies tech gloom as Trump momentum powers stellar share gains Read More »
WASHINGTON (Reuters) -New orders for U.S.-manufactured goods dropped sharply in April and business spending on equipment appeared to have lost momentum at the start of the second quarter as the boost from front-loading of purchases ahead of tariffs faded. Factory orders fell 3.7% after an unrevised 3.4% jump in March, the Commerce Department’s Census Bureau …
By Juveria Tabassum (Reuters) -Dollar General raised its annual targets after beating estimates for quarterly profit and same-store sales and said more consumers across income groups came in to shop at its stores amid tariff-related uncertainty and still-high inflation. The forecast lift took the company’s shares up 14% on Tuesday and came in sharp contrast …
Dollar General lifts annual targets as shoppers flock amid tariff fears Read More »
By Michael S. Derby NEW YORK (Reuters) -Atlanta Federal Reserve President Raphael Bostic said on Tuesday a strong economy gives the U.S. central bank time to weigh how tariffs will impact inflation and growth, while remaining open to the possibility of a single interest rate cut at some point later this year. “I continue to …
Fed’s Bostic says current uncertainty calls for patience on rate policy Read More »
(Reuters) -Victoria’s Secret on Tuesday disclosed that a security incident relating to its information technology systems had led it to temporarily shut down its website for a few days last week. The company said it shut down corporate systems and e-commerce website on May 26 and immediately enacted response protocols to contain and prevent unauthorized …
Victoria’s Secret says cyber incident led to temporary website shut down Read More »
By David French NEW YORK (Reuters) -AlpInvest Partners has raised $4.1 billion for its ninth co-investment fund, an executive at the unit of private equity group Carlyle said, showing continued appetite among investors for access to buyout firms’ dealmaking. The size of AlpInvest Co-Investment Fund IX (ACF IX), and related strategies, exceeds the $3.5 billion …
Carlyle’s AlpInvest raises $4.1 billion for ninth co-investment fund Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -Activist investor Jana Partners is lining up support for a possible boardroom battle at Lamb Weston after a survey showed roughly half of the french-fry maker’s top 50 shareholders want the entire board thrown out, according to a letter seen by Reuters. Jana owns roughly 7% of Lamb Weston …
Activist firm Jana finds support among Lamb Weston shareholders wanting board change Read More »
(Reuters) -U.S. railroad operator Norfolk Southern said Chairman Claude Mongeau resigned from the company’s board on Tuesday, citing personal reasons. Mongeau had been an independent director on Norfolk’s board since 2019, and was appointed chairman in May last year. He had previously served as president and chief executive for Canadian National Railway from 2010 to …
Norfolk Southern chairman resigns, citing personal reasons Read More »
