Tesla expected to post lower profit margin amid doubts on growth, product strategy
By Hyunjoo Jin and Akash Sriram (Reuters) – Tesla is expected to report its lowest gross profit margin in more than six years on Tuesday after a chaotic week that…
Japan’s yen falls to 1990 lows, dollar/yen nears 155
(Reuters) – The yen weakened on Monday to its weakest levels against the dollar since June 1990, with markets alert to any signs of intervention from the Japanese authorities to…
TikTok says US House bill that could ban app would ‘trample’ free speech
By Kanishka Singh WASHINGTON (Reuters) -TikTok on Sunday repeated its free-speech concerns about a bill passed by the House of Representatives that would ban the popular social media app in…
Take Five: Dancing to the dollar’s beat
(Reuters) -Just when it looked like rate cuts were coming any minute now, inflation has reared its head and the strength of the dollar is forcing other central bankers to…
Tesla cuts prices in China, Germany and around globe after US cuts
By Hyunjoo Jin, Ethan Wang and Christoph Steitz BEIJING/FRANKFURT (Reuters) -Tesla has cut prices in a number of its major markets, including China and Germany, following price cuts in the…
Trump group spends big on legal fees; Biden leads at fundraising
(Corrects first paragraph to reflect that the legal fees were paid in March, not February) By Jason Lange WASHINGTON (Reuters) -Donald Trump’s political group that pays his legal bills on…
US firms facilitated investments into blacklisted Chinese companies, says House probe
By Pritam Biswas and Mehnaz Yasmin (Reuters) -U.S. financial firms facilitated investments worth billions of dollars in index funds that included blacklisted Chinese companies, according to a bipartisan House Committee…
Rivian cuts 1% of workforce in second round of layoffs this year
By Abhirup Roy and Akash Sriram SAN FRANCISCO (Reuters) -Electric vehicle maker Rivian said on Wednesday it cut about 1% of its workforce – the second round of job cuts…
BOJ’s Ueda signals possible rate hike if weak yen boosts inflation
By Leika Kihara WASHINGTON (Reuters) -Bank of Japan Governor Kazuo Ueda said on Thursday the central bank may raise interest rates again if the yen’s declines significantly push up inflation,…
World Bank sets goal of expanding healthcare to 1.5 billion people by 2030
By David Lawder WASHINGTON (Reuters) – The World Bank Group on Thursday unveiled a new goal to help countries deliver affordable healthcare to 1.5 billion people by 2030 by expanding…