Pfizer considers cost cuts as demand for COVID products wanes
(Reuters) – Pfizer will launch a cost-cutting program if demand for its COVID-19 products keeps underperforming expectations this fall, the…
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…
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…
Apple, Microsoft remain world’s top 2 companies by market cap
(Reuters) – Tech giants Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) remained the top two global companies by market capitalisation at the…