Goodbye Twitter, hello X
Musk’s new direction begins with a name and logo change: gone is Twitter’s bluebird, and in comes the letter X, dear to the social media patron and destined to replicate…
GM shares fall as automaker outlines new cost-cutting drive
By Joseph White and Paul Lienert DETROIT (Reuters) – General Motors (GM) is wrestling with costs and struggling to build more electric vehicles, as it reported Tuesday that adjusted pre-tax…
Netflix falls as benefits from password-sharing crackdown to take time
By Samrhitha A (Reuters) – Shares of Netflix tumbled more than 8% on Thursday after the video-streaming pioneer’s lackluster revenue rise sparked concerns of a longer road to growth from…
Ford slashes prices of F-150 Lightning trucks as EV wars heat up
By Nathan Gomes (Reuters) – Ford Motor deepened a price war in the electric-vehicle industry on Monday by slashing the prices of its F-150 Lightning trucks, including a 17% cut…
Elon Musk takes aim at OpenAI with xAI launch
By Akash Sriram and Aditya Soni (Reuters) – Elon Musk launched his long-teased artificial intelligence startup xAI on Wednesday with a team of engineers from the very U.S. technology firms…
What is Nasdaq’s special rebalancing and its impact?
By Sruthi Shankar and Medha Singh (Reuters) – A “special rebalance” of the Nasdaq 100 index will take place later this month as exchange operator Nasdaq looks to reduce the…
Innovation in EVs seen denting copper demand growth potential
By Mai Nguyen HANOI (Reuters) -New electric vehicles from Tesla and rivals are being engineered for efficiency in a way that cuts copper content, changes that could limit demand growth…
Bolivia taps China, Russia’s Rosatom in bid to unlock huge lithium riches
By Daniel Ramos LA PAZ (Reuters) -Bolivia has signed lithium agreements with Russian state nuclear firm Rosatom and China’s Citic Guoan Group, the South American country’s government said on Thursday,…
Ford-SK venture to get $9.2 billion US loan for battery plants
By David Shepardson WASHINGTON (Reuters) – The U.S. Energy Department plans to lend up to $9.2 billion to a joint venture of Ford Motor and South Korea’s SK On to…
UK startup Helixx leans on Siemens to design EV ‘factory in a box’
By Nick Carey LONDON (Reuters) – UK startup Helixx said on Monday it will use Siemens’ open digital platform to help design a highly-automated ‘factory in a box’ that can…