By Hyunjoo Jin SAN FRANCISCO (Reuters) – Elon Musk is offering factory tours to 15 Tesla shareholders who vote on…
American Airlines cuts second-quarter profit forecast
(Reuters) – American Airlines on Tuesday cut its second-quarter profit forecast, sending the shares of the carrier down about 4%…
TotalEnergies investors back CEO at AGM, weaker support for climate strategy
By America Hernandez and Benjamin Mallet PARIS (Reuters) -Shareholders in French oil and gas major TotalEnergies largely backed the company’s…
Tesla slashes Model Y production in Shanghai, data shows
SHANGHAI (Reuters) – Tesla has cut output of its best-selling Model Y electric car by a double-digit percentage number at…
Boeing now sees negative free cash flow in 2024 as deliveries remain sluggish
By Allison Lampert (Reuters) – Boeing will burn rather than generate cash in 2024 and deliveries will not increase in…
SpaceX mulling tender offer at $200 billion valuation, Bloomberg News reports
(Reuters) -Elon Musk’s SpaceX has initiated discussions about selling existing shares in a deal that could value the company at…
Pfizer rolls out another cost-cutting program, sets $1.5 billion target by 2027
(Reuters) -U.S. drugmaker Pfizer launched a new multi-year program to reduce its expenses by about $1.5 billion by the end…
Medtronic beats fourth-quarter estimates on strength in medical devices
(Reuters) -Health tech firm Medtronic beat Wall Street estimates for quarterly profit and revenue on Thursday, as a pickup in…
Boeing sees free cash burn in 2024 as deliveries remain sluggish
By Allison Lampert and David Shepardson (Reuters) -Boeing will burn rather than generate cash in 2024 and deliveries will not…
Target issues weak forecast as shoppers pull back; shares tumble
By Siddharth Cavale and Ananya Mariam Rajesh (Reuters) -Target on Wednesday said it expects consumer caution to persist after it…