By Jacob Gronholt-Pedersen MALMO, Sweden (Reuters) –The second semi-final of this year’s Eurovision Song Contest will take place in Sweden on Thursday, with Israel’s performance expected to draw attention due to large pro-Palestinian protests planned in host city Malmo. Some 100,000 visitors have gathered in the southern Swedish city for the annual kitsch-fest, which is […]
By Echo Wang and Scott Murdoch NEW YORK (Reuters) -Chinese electric vehicle maker Zeekr Intelligent Technology priced its U.S. initial public offering (IPO) at the top of its indicated range, raising $441 million, it said on Friday. Zeekr, which is the premium brand of Chinese automaker Geely, upsized its IPO to sell 21 million American […]
By Alexandra Alper and Karen Freifeld WASHINGTON (Reuters) -The Biden administration added 37 Chinese entities to a trade restriction list on Thursday, including some for allegedly supporting the spy balloon that flew over the United States last year, heightening tensions between Beijing and Washington. The Commerce Department also said it was adding some units of […]
By David Shepardson WASHINGTON (Reuters) -U.S. Postmaster General Louis DeJoy defended the Postal Service’s 10-year restructuring plan in the face of harsh criticism from lawmakers as the agency reported a second quarter net loss of $1.5 billion. The loss for the three months ending March 31 was down from a net loss of $2.5 billion […]
By Daniel Wiessner (Reuters) -Tesla has been accused by a U.S. labor agency of discouraging workers at a Buffalo, New York, assembly plant from union organizing by barring them from using phones and other devices, an agency spokeswoman said on Thursday. A National Labor Relations Board (NLRB) official issued a complaint late Wednesday claiming Tesla’s […]
By Norihiko Shirouzu and Giulio Piovaccari AUSTIN, Texas (Reuters) – Tesla has backed away from an ambitious plan for innovations in gigacasting, its pioneering manufacturing process, according to two sources familiar with the matter, in another sign that the electric-vehicle maker is retrenching amid falling sales and rising competition. Tesla has been a leader in […]
With wars actively being waged in several parts of the world right now – and the prospect for additional conflicts looking more and more likely – the global uncertainty stands to have a huge impact on the stock market. In prior decades, the potential for war typically saw an increase in investors looking for larger […]
By Niket Nishant and Manya Saini (Reuters) – Traders shorting New York Community Bancorp’s stock were sitting on more than $42 million of losses on Wednesday after the lender’s better-than-expected profit forecast for the next two years sent shares surging, data from Ortex show. The rally marked a rare bright spot for NYCB, which has […]
(Reuters) -U.S. prosecutors are examining financial transactions at Block, NBC News reported on Wednesday, citing two people with direct knowledge of the matter. NBC reported that federal prosecutors were discussing with a former employee alleged widespread compliance lapses at Square and Cash App, the company’s two main units. Areas under investigation include whether the company […]
EREZ CROSSING, Israel (Reuters) – Israel reopened the sole crossing on the northern edge of the Gaza Strip on Wednesday, allowing aid trucks to pass through the Erez checkpoint following U.S. demands to do more to address the growing humanitarian crisis. Reopening the Erez crossing has been one of the main pleas of international aid […]
