Toyota restarts production of first electric vehicle after resolving safety issues

TOKYO, Oct 6 (Reuters) – Toyota Motor Corp said on Thursday it would restart production of its first electric vehicle, the bZ4X, after addressing potential safety issues that had halted sales of the new battery-powered model for more than three months. Japan’s biggest automaker, a latecomer to the electric vehicle market, recalled 2,700 bZ4Xs worldwide … Read more

Wall Street ends as two-day rally slumps on data, Fed message

Stocks rise late in the day in oversold conditions US private sector payroll rises in September – ADP Twitter drops from 1-year high to all-time high, Tesla drops 6% Energy stocks jump as OPEC+ agrees to cut oil production The indices fall: Dow down 0.14%, S&P 0.20%, Nasdaq 0.25% Oct 5 (Reuters) – Shares on … Read more

Musk and Twitter could reach an agreement to end the legal battle as early as Wednesday – source

WILMINGTON, Delaware, Oct 5 (Reuters) – Elon Musk and Twitter Inc (TWTR.N) could reach an agreement to end their litigation as early as Wednesday and pave the way for the world’s richest person to close his deal. $44 billion for the social media platform, a source familiar with the dispute told Reuters. Chancellor Kathaleen McCormick, … Read more

Banks Funding Musk’s Twitter Deal Face Heavy Losses

Oct 5 (Reuters) – Elon Musk’s U-turn on buying Twitter Inc could not have come at a worse time for the banks funding much of the $44 billion deal and they could face significant losses. As with any major acquisition, the banks would seek to sell the debt to get it off their books. But … Read more

Wall Street closes with net gains at the start of the last quarter

US factory activity slowest in ~2.5 years in September -ISM Credit Suisse and Citi cut their 2022 year-end target for the S&P 500 Dow, S&P 500, Nasdaq up Oct 3 (Reuters) – Wall Street stocks closed strong on Monday at the start of the final quarter of a tumultuous year with interest rate hikes amid … Read more

Wall St posts third straight quarterly loss as inflation weighs and recession looms

S&P 500 posts biggest September percentage decline in 20 years All three major U.S. stock indexes post three-quarter declines Core inflation data is warmer than expected Indices down: Dow 1.71%, S&P 1.51%, Nasdaq 1.51% NEW YORK, Sept 30 (Reuters) – The S&P 500 closed its biggest September decline in two decades on Friday, skidding across … Read more

Elon Musk set to introduce Tesla’s humanoid robot after delay

SAN FRANCISCO, Sept 30 (Reuters) – Tesla (TSLA.O) CEO Elon Musk has said a robot company will be worth more than its cars, and on Friday investors, customers and would-be workers swarmed expect to see a prototype on Tesla’s “AI Day”. which could prove whether the bot named “Optimus” is ready to run. The robot … Read more

Exclusive: Brands blast Twitter for ads next to child porn accounts

Sept 28 (Reuters) – Some major advertisers, including Dyson, Mazda, Forbes and PBS Kids, have suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions appeared alongside tweets soliciting child pornography, the companies told Reuters. DIRECTV and Thoughtworks also told Reuters on Wednesday evening that they had suspended advertising on … Read more

Porsche debuts with $72 billion price tag in bumper IPO

FRANKFURT, Sept 29 (Reuters) – Porsche AG made its stock market debut on Thursday, pricing around 75 billion euros ($72.45 billion) after Volkswagen (VOWG_p.DE) priced the stocks at the high end of the range, braving market turbulence. The IPO, which is expected to raise around 19.5 billion euros ($19.0 billion), comes as instability in European … Read more

Twitter will interview Elon Musk, known for his combative testimonies

WILMINGTON, Del., Sept 26 (Reuters) – Billionaire Elon Musk’s tendency to slur while being questioned under oath will be tested again this week, when lawyers for Twitter Inc (TWTR.N) are set to interview Tesla Inc ( TSLA .O) CEO on his abrupt decision in July to drop his $44 billion contract for the social media … Read more