By Lisa Baertlein LOS ANGELES (Reuters) -FedEx Corp on Wednesday said it would cut its officer and director ranks by…
EV maker Rivian to cut 6% of jobs amid price war -internal memo
By Abhirup Roy and Akash Sriram SAN FRANCISCO (Reuters) – Rivian Automotive is laying off 6% of its workforce in…
As Tesla ignites an EV price war, suppliers brace for Musk seeking givebacks
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla Inc suppliers are bracing for pressure from Chief Executive Elon Musk and…
Gautam Adani’s statement on withdrawing $2.5 billion share sale
NEW DELHI (Reuters) – India’s Adani Enterprises called off its $2.5 billion share sale on Wednesday, citing market conditions, amid…
Blackstone REIT blocks investor withdrawals in January
By Chibuike Oguh (Reuters) – Blackstone Inc said on Wednesday it had blocked withdrawals from its $69 billion real estate…
Peloton shares soar as turnaround plan shows promise
By Priyamvada C (Reuters) -Peloton Interactive Inc on Wednesday forecast current-quarter revenue above expectations, in an early sign that its…
AbbVie’s Humira gets a U.S. rival, but costs could stay high
By Patrick Wingrove (Reuters) – U.S. patients will finally get access to cheaper versions of AbbVie Inc’s blockbuster arthritis drug…
Explainer-Why the U.S. Inflation Reduction Act has rattled Europe
BRUSSELS (Reuters) – The European Commission presented its Green Deal Industrial Plan on Wednesday in response to the U.S. Inflation…
Explainer-Adani vs Hindenburg: What you need to know
MUMBAI (Reuters) -India’s Adani Group called off its $2.5 billion share sale late on Wednesday, in a dramatic reversal triggered…
Citigroup technicals indicate rally may extend even as Wall Street remains wary
By Mehnaz Yasmin (Reuters) – Citigroup Inc’s shares are approaching a potential bullish technical signal which indicates that this year’s…