Ree Automotive Holding earnings missed, revenue fell short of estimates
Ree Automotive Holding (NASDAQ: REE) reported first quarter EPS of $-0.09, worse than the analyst estimate of $-0.08. Revenue for…
Cayman Islands regulator explores legal options after Silicon Valley Bank deposit seizure – WSJ
(Reuters) – The Cayman Islands Monetary Authority (CIMA) is exploring legal options after the U.S. Federal Deposit Insurance Corp seized…
China was reducing Micron chip purchases years before ban
(Reuters) – In the years before China declared U.S. firm Micron Technology (NASDAQ:MU)’s products a national security risk, authorities were…
More tech investment needed to prevent aviation accidents – US safety board
(Reuters) – The U.S. needs to invest more in aviation safety technology solutions after a series of close-call runway incidents…
Oil prices up after bullish Saudi comments, falling U.S. stockpiles
(Reuters) – Oil prices rose on Wednesday after data showed U.S. inventories and fuel supplies tightening and following a warning…
Europe Gas Falls Further as Traders Eye Weaker Demand Prospects
(Bloomberg) — European natural gas prices declined further to the lowest level in nearly two years as demand prospects for…
Dollar steady as debt ceiling worries weigh; pound swings after inflation data
(Reuters) – The dollar on Wednesday held just shy of a two-month high as U.S. debt ceiling negotiations dragged on,…
Stocks slide on U.S. debt ceiling and inflation woes
(Reuters) – Stocks lurched downwards on Wednesday as U.S. debt ceiling negotiations dragged on without resolution, stoking a general malaise…
Abbott, other formula makers face FTC investigation for collusion – WSJ
(Reuters) – The U.S. Federal Trade Commission is investigating whether baby-formula makers colluded on bids for attractive state contracts, the…
China’s Lenovo revenue falls for third consecutive quarter as PC demand slumps
(Reuters) – China’s Lenovo Group (OTC:LNVGY) Ltd on Wednesday reported a 24% fall in revenue for the January-March quarter, meeting…