By Arathy Somasekhar HOUSTON (Reuters) – Oil prices tumbled 4% in volatile trade on Tuesday, pressured by weak demand data…
Goldman Sachs dealmakers see M&A recovery in second half of 2023
By Saeed Azhar, Lananh Nguyen and Anirban Sen NEW YORK (Reuters) – Goldman Sachs Group Inc’s top dealmakers are bullish…
Moderna snaps up Japan’s OriCiro Genomics in mRNA manufacturing push
(Reuters) -Moderna Inc on Wednesday agreed to buy Japan-based OriCiro Genomics for $85 million to boost the U.S. drugmaker’s messenger…
Global hedge funds plan 2023 around inflation risk
By Carolina Mandl, Nell Mackenzie and Summer Zhen NEW YORK/LONDON/HONG KONG (Reuters) – Having weathered a dire 2022, many global…
Impactive Capital nominates four directors to Envestnet’s board
By Anirban Sen NEW YORK (Reuters) -Impactive Capital has nominated four directors to the board of Envestnet Inc, a U.S.…
Toyota’s 2022 U.S. auto sales down 9.6% on part shortages
(Reuters) – Toyota Motor Corp on Wednesday posted a 9.6% fall in its 2022 U.S. new vehicle sales as a…
U.S. manufacturing sector contracts, prices decline in December-ISM
WASHINGTON (Reuters) – U.S. manufacturing contracted further in December, but weakening demand amid higher borrowing costs pushed a measure of…
Rivian stock less bruised than Tesla as both miss EV targets
(This Jan. 3 story has been corrected to fix the period of the reduced production forecast from midyear to March…
Qualcomm launches auto chip to handle both assisted driving and entertainment
By Jane Lanhee Lee OAKLAND, Calif. (Reuters) – Mobile chip maker Qualcomm Technologies, Inc on Wednesday unveiled a processor chip…
Microsoft to invest in autonomous trucking startup Gatik -sources
By Krystal Hu and Joseph White (Reuters) – Microsoft Corp is in advanced talks to invest in Gatik, a California-based…