Ford revs up electric truck output, testing mainstream EV demand
(Reuters) – Ford said Tuesday it has restarted assembly of its F-150 Lightning electric truck and is now driving to…
Aussie set for biggest one-day drop since March, yen at 3-week low
(Reuters) – The Australian dollar fell sharply on Tuesday after the Reserve Bank of Australia left cash rates unchanged, while…
Oil steadies near three-month high on tighter supplies
(Reuters) -Oil hovered around three-month highs on Tuesday as investors focused on tightening global supplies and demand growth in the…
Oppenheimer says take advantage of Target dips
Oppenheimer analysts told investors in a note previewing Target ‘s (NYSE:TGT) upcoming earnings that the firm is positive on the…
Marathon Petroleum quarterly profit slumps 63% on lower refining margins
(Reuters) – U.S. refiner Marathon Petroleum Corp (NYSE:MPC) reported a 63% drop in second-quarter profit on Tuesday, as improved fuel…
Wall St set to open lower ahead of manufacturing, jobs data
(Reuters) – Wall Street was set to open lower on Tuesday ahead of economic data that could clear the air…
Billionaire investor Loeb cuts bearish bets to avoid short squeezes-letter
(Reuters) – Billionaire investor Daniel Loeb has reduced the size of short bets on single named companies to limit the…
BlackRock, MSCI face probe for allegedly facilitating China investments – WSJ
(Reuters) – Asset manager BlackRock (NYSE:BLK) and index provider MSCI are being investigated by a congressional committee for allegedly facilitating…
Meta’s Reels revenue narrows in on TikTok, boosted by AI
(Reuters) – Reels, Meta Platforms’ answer to viral short-form video app TikTok, elicited eyerolls when it launched in 2020 and…
Amazon to invest $7.2 billion in Israel, launches AWS cloud region
(Reuters) – Amazon.com (NASDAQ:AMZN) said on Tuesday it is planning to invest about $7.2 billion through 2037 in Israel, and…