By David Shepardson NEW YORK (Reuters) -U.S. automakers General Motors and Ford will reroute affected shipments after a bridge collapse…
Tesla shares gain as Musk offers US customers Full Self-Driving software trial
By Akash Sriram and Hyunjoo Jin (Reuters) -Shares of Tesla rose about 4% on Tuesday after CEO Elon Musk said…
Fed posts record loss of $114.3 billion in 2023
By Michael S. Derby (Reuters) -The Federal Reserve said on Tuesday that it officially saw a net negative income of…
Nvidia supplier SK Hynix plans to invest $4 billion in Indiana, WSJ reports
By Arsheeya Bajwa and Joyce Lee (Reuters) -South Korean chipmaker SK Hynix, an Nvidia supplier, is planning to invest roughly…
Dell reduces workforce as part of broader cost cuts
(Reuters) -Dell Technologies reduced its workforce as part of a broader initiative to cut costs that included limiting external hiring…
US SEC seeks $2 billion from Ripple Labs, chief legal officer says
By Jody Godoy (Reuters) -The U.S. Securities and Exchange Commission is seeking fines and penalties totaling $2 billion in its…
Luxury EV maker Lucid to raise $1 billion from Saudi’s PIF affiliate
(Reuters) -Lucid said on Monday it is raising $1 billion in capital from an affiliate of Saudi Arabia’s Public Investment…
Trump wins pause of $454 million civil fraud ruling, averting asset seizures
By Jack Queen and Luc Cohen NEW YORK (Reuters) -Donald Trump won a bid on Monday to pause his $454…
Boeing’s ongoing 737 MAX crisis
(Reuters) -Boeing CEO Dave Calhoun will step down by the end of the year, following the planemaker’s ongoing safety crisis…
S&P 500 ends near flat but index posts biggest weekly gain of year
By Caroline Valetkevitch NEW YORK (Reuters) -The S&P 500 ended little changed on Friday, but the index registered its biggest…