Taiwan pitches deeper Europe engagement after TSMC Germany investment
(Reuters) -Taiwan said on Wednesday chipmaker TSMC’s 3.5 billion euro ($3.83 billion) investment in Germany would drive deeper engagement between…
Li Auto looks to surpass rivals in China by 2024
Li Auto (NASDAQ:LI) announced Tuesday evening its intention to surpass the sales of BMW (ETR:BMWG), Mercedes-Benz (ETR:MBGn), and Audi (ETR:VOWG_p)…
Jet charter firm Wheels Up says Delta funding may not be enough
(Reuters) – Wheels Up Experience said on Wednesday there was “substantial doubt” about its ability to continue operations, even as…
Carvana shares rally as online used car retailer raises Q3 guidance
Carvana (NYSE:CVNA) shares have jumped premarket after the company lifted its third quarter guidance. The online used car retailer revealed…
Rising prices for travel do not appear to be curbing wanderlust
(Reuters) – The post-pandemic travel boom and the high ticket prices that come with it show no signs of slowing…
WeWork shares sink after warning of bankruptcy risk
(Reuters) – WeWork on Tuesday warned of a possible bankruptcy after reporting yet another quarterly loss, in a stunning reversal…
Oil hits new highs as tighter supply offsets China demand concern
(Reuters) – Oil hit new peaks on Wednesday with Brent crude touching the highest since April as tighter supply owing…
Dollar retreats after China deflation unleashes drive into risk assets
(Reuters) -The dollar retreated on Wednesday after data showed the Chinese economy slipped into deflation last month, which upped the…
Lyft falls as pricing strategy casts shadow over profit goals
(Reuters) – Lyft (NASDAQ:LYFT)’s shares tumbled nearly 8% as investors feared the ride-hailing platform’s focus on competitive pricing to gain…
Country Garden misses bond payments as China property fears flare
(Reuters) – Country Garden said on Tuesday it has not paid two dollar bond coupons due on Aug. 6 totalling…