Polestar slashes production guidance and announces job cuts
Swedish electric automaker, Polestar Automotive (NASDAQ:PSNY) on Thursday lowered its 2023 production guidance and announced that the company would cut…
Alphabet shares rally as Wall Street analysts upbeat following Google I/O developer conference
Analysts reacting to Alphabet-owned (NASDAQ:GOOGL) Google’s keynote event at its annual multi-day developer conference Google I/O, have pushed the stock…
Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.88%
Saudi Arabia stocks were higher after the close on Thursday, as gains in the Telecoms & IT, Building & Construction and Hotels & Tourism sectors…
Activist investor Elliott recommends 5 directors to Goodyear board
(Reuters) – Elliott Investment Management L.P. on Thursday sent a letter to Goodyear Rubber & Tire Co recommending five directors…
General Motors restructures business unit to compete with Ford Pro
Detroit automaker, General Motors (NYSE:GM), at its annual Fleet Solutions Summit, revealed that the company is consolidating its North American…
Peloton recalls two million exercise bikes over seat issue
(Reuters) – Peloton Interactive Inc has recalled two million exercise bikes citing the possibility of the seat post breaking during…
Italy wrestles with antitrust loophole that could save Amazon a packet
(Reuters) – Italy’s competition watchdog AGCM is trying to close a legal loophole that has allowed several companies to evade…
Disney shares fall on jitters over streaming subscriber losses
(Reuters) – Walt Disney (NYSE:DIS) Co shares fell 5% on Thursday as a surprise drop in streaming subscribers fanned worries that the…
Tapestry lifts profit view on higher prices, Coach bag demand
(Reuters) – Tapestry Inc raised its annual profit forecast on Thursday, betting that price increases and strong demand for its…
Norway government ups spending by $5.3 billion due to inflation, Ukraine aid
(Reuters) – Norway’s centre-left government said on Thursday it plans to spend an extra 56 billion Norwegian crowns ($5.3 billion)…