By Laila Kearney (Reuters) -PG&E, California’s largest electric utility, has seen a jump of more than 40% this year in requests for power supplies from data center developers across the northern part of the state, an executive with the company told Reuters on Tuesday. California’s Silicon Valley is one of the world’s largest and oldest …
By David Shepardson (Reuters) -Ford Motor is recalling nearly 1.1 million vehicles in the United States because rearview cameras may not display images due to a software issue, increasing the risk of a crash. The recall covers some 2021 through 2024 model year Bronco, F-150, Edge, and 2023-2024 Escape, Corsair, F-250, F-350, F-450, F-550 and …
Ford recalls nearly 1.1 million vehicles over rearview camera software issue Read More »
By Howard Schneider WASHINGTON (Reuters) -U.S. households reported little change in their economic well-being last year, with the cost of living remaining a top concern but nearly three-quarters of adults saying they were “doing OK or living comfortably,” the Federal Reserve reported in an annual survey of people’s attitudes about the economy. The poll of …
By Savyata Mishra (Reuters) – Kohl’s could scrap its annual forecasts on Thursday when the U.S. department store chain reports quarterly earnings, analysts said, as the abrupt ouster of its top boss adds to its challenges against the backdrop of pressure from tariffs. CEO Ashley Buchanan, hired in January and tasked with reviving an extended …
Kohl’s annual forecasts in spotlight after leadership turmoil, tariff uncertainty Read More »
(Reuters) -Union members at General Dynamics’ Electric Boat submarine-making unit have voted to ratify a new contract, the United Auto Workers said on Wednesday. The union, representing over 2,400 marine drafters at Electric Boat, said 85% voted in favor of the ratification of the new five-year agreement which secures a 30% wage increase over the …
UAW members at General Dynamics’ Electric Boat vote to ratify new contract Read More »
SAO PAULO (Reuters) – Stocks of Brazilian steel companies fell on Wednesday after the government said it would renew for 12 months a system meant to protect the national steel industry, but that steelmakers have said is ineffective. WHY IT’S IMPORTANT The steel industry began criticizing the quota system almost as soon as it was …
Brazilian steel companies’ shares fall after government renews tariff system Read More »
By Savyata Mishra (Reuters) -Capri Holdings said on Wednesday that it might selectively raise prices on leather handbags to cushion a hit from tariffs as the Michael Kors owner tries to revive sales at its core brand by undertaking an ambitious turnaround plan. Tariff-related uncertainty has prompted a number of companies including Walmart , Nike …
Capri signals selective price hikes on Michael Kors handbags to counter tariff hit Read More »
By Anna Tong SAN FRANCISCO (Reuters) -Artificial intelligence infrastructure startup Chalk said Wednesday it had raised a $50 million Series A funding round, valuing the company at $500 million. Felicis led the round. San Francisco-based Chalk helps enterprises get their proprietary data into AI and machine learning models quickly, enabling companies to use AI to make …
Databricks competitor Chalk raises $50 million series A Read More »
(Reuters) -GE Aerospace’s CEO said on Wednesday he is seeing supply chain improvements that will support an expected 15% to 20% increase in deliveries this year of jet engines used on popular narrowbody aircraft, after snags challenged deliveries in 2024. CEO Larry Culp also told the Bernstein Strategic Decisions conference that the engine maker pledged …
GE Aerospace CEO sees supply chain improvements despite tariff hit Read More »
By Anuja Bharat Mistry (Reuters) -Abercrombie & Fitch’s shares surged 32% on Wednesday after it posted better-than-expected first-quarter results and forecast strong annual sales as the apparel retailer’s move to introduce fresh styles such as printed jeans and dresses helped draw more shoppers. Shares of the company, which has been rattled by U.S. President Donald …
Abercrombie shares soar as strong demand drives first-quarter beat Read More »
