By Chris Kirkham (Reuters) -When Reuters reported in April that Tesla had scrapped plans for a long-promised, next-generation $25,000 electric vehicle, the automaker’s stock plunged. Chief Executive Elon Musk rushed to respond on X, his social-media network. “Reuters is lying,” he posted, without elaborating. Tesla’s stock recovered some of its losses. Six months later, Musk […]
Amazon CEO denies full in-office mandate is ‘backdoor layoff’
By Greg Bensinger (Reuters) – Amazon CEO Andy Jassy said at an all-hands meeting on Tuesday that the plan to require employees to be in-office five days per week is not meant to force attrition or satisfy city leaders, as many employees have suggested. The controversial plan mandating workers come to Amazon offices every day […]
Cryptoverse: U.S. election speculators play the prediction markets
By Lisa Pauline Mattackal (Reuters) -Donald Trump is a clear favorite to beat Kamala Harris – that’s if you put your faith in prediction markets, the latest frontier for the indefatigable crypto speculator. On the eve of the U.S. election, billions of crypto dollars are chasing bets on the two candidates on platforms like Polymarket […]
Trump unlikely to undo Biden’s IRA climate legislation, TotalEnergies executive says
By America Hernandez PARIS (Reuters) – French oil major TotalEnergies does not anticipate that Donald Trump would pull the U.S. out of the Paris Agreement on climate change or undo Inflation Reduction Act (IRA) legislation if he became U.S. president again, the company’s strategy director said on Monday. Aurelien Hamelle made the comments while presenting […]
Berkshire’s cash soars to $325 billion as Buffett sells Apple, BofA; operating profit falls
By Jonathan Stempel (Reuters) -Warren Buffett and Berkshire Hathaway extended their retreat from stocks in the third quarter, further slashing holdings in Apple and boosting cash to a record $325.2 billion. In its quarterly report on Saturday, Berkshire said it sold about 100 million, or 25%, of its Apple shares over the summer, ending with […]
Nvidia’s proposed buy of AI startup Run:ai requires EU approval, EU regulators say
BRUSSELS (Reuters) – U.S. chipmaker Nvidia’s proposed acquisition of AI startup Run:ai will have to be approved by EU antitrust regulators before the deal can be completed, the European Commission said on Thursday. The EU competition enforcer said Nvidia will have to formally seek its approval for the deal, following a request from the Italian […]
Amazon’s plan to tackle Temu, Shein? Sell more toothpaste
By Arriana McLymore and Ananya Mariam Rajesh (Reuters) – Amazon’s push to offer more everyday essentials like toothpaste is hurting its average selling prices, but it is also a guard against rivals such as Temu and Shein who offer rock bottom prices on goods they ship from China. People are shopping more frequently at Amazon, […]
Factbox-Trump vs Harris: How the US electorate splits ahead of Election Day
(Reuters) – The race between Republican Donald Trump and Democrat Kamala Harris has divided the U.S. electorate along lines of gender, race and education, with Trump improving his standing among men – particularly Hispanic men – while Harris’ support has surged among women, helping her cut away at the Republicans’ longstanding edge with white voters. […]