WASHINGTON (Reuters) -U.S. Commerce Secretary Howard Lutnick said on Thursday he expects the country is heading towards $50 billion a…
Lyft’s revenue miss clouds upbeat bookings forecast on European expansion
By Akash Sriram (Reuters) -Lyft’s quarterly revenue miss overshadowed an upbeat gross bookings forecast for the September-quarter on Wednesday, as…
Tesla, Elon Musk sued by shareholders over Robotaxi claims
By Jonathan Stempel (Reuters) -Elon Musk and Tesla were sued by shareholders who accused them of securities fraud for concealing…
General Motors, Hyundai ink first joint deal to develop five vehicles amid rising competition
(Reuters) -General Motors and Hyundai Motor announced on Wednesday their first agreement to jointly develop five vehicles. Four of the…
Glencore says long-term strategy may involve sale of Bunge stake
LONDON (Reuters) -Miner and trader Glencore said on Wednesday that its long-term strategy could involve the sale of its 16.4%…
Tariffs in crucial sectors could last beyond Trump era, says JPMorgan’s geopolitics arm
(Reuters) -The effective tariff rate on U.S. imports will settle near 22% and duties on sensitive sectors critical to national…
OpenAI releases open-weight reasoning models optimized for running on laptops
Dear Reader, I’ve never met Trump. I didn’t vote for him. And I don’t like his style. But after…
Wells Fargo downgrades US small-cap equities to ‘unfavourable’
(Reuters) -Wells Fargo Investment Institute on Tuesday downgraded U.S. small-cap equities to “unfavorable” from “neutral”, pointing to its heavy tariff…
Palantir shares jump as soaring AI demand powers forecast upgrade
By Siddarth S and Akriti Shah (Reuters) -Palantir Technologies shares surged nearly 9% in early trading on Tuesday, after the…
OpenAI releases open-weight reasoning models optimized for running on laptops
By Anna Tong and Greg Bensinger SAN FRANCISCO (Reuters) -OpenAI said on Tuesday it has released two open-weight language models…