(Reuters) – Pandemic-related disruptions to global supply chains and the effects of Russia’s war in Ukraine have driven up prices…
Category: Business
GM embraces Tesla’s EV charging system, Wall Street cheers
By David Shepardson and Joseph White (Reuters) -General Motors will join Ford in adopting Tesla’s North American charging plug standard…
Wall Street ends up amid record low volatility ahead of eventful week
By Shristi Achar A and David Carnevali (Reuters) – U.S. stocks closed higher on Thursday regaining some of their momentum…
GameStop shares plummet after fifth CEO exit in 5 years
By Akash Sriram (Reuters) -GameStop fell about 19% on Thursday and was set for its worst session in two years…
Novartis’ Sandoz wagers its standalone future on biosimilar success
By Natalie Grover LONDON (Reuters) – Novartis’ soon-to-be spun off generics division Sandoz is betting on biosimilars, copies of high-priced…
Carvana shares surge as much as 68% after upbeat second-quarter outlook
By Nathan Gomes and Sinéad Carew (Reuters) -Shares of used-car retailer Carvana Co closed up 56.0% on Thursday with some…
GM to invest more than $500 million in Texas plant for future SUVs
By David Shepardson (Reuters) -General Motors said Thursday it will invest more than $500 million in its Arlington, Texas assembly…
Goldman Sachs planning for sluggish growth, higher inflation
NEW YORK (Reuters) -Goldman Sachs Group Inc. is planning for a period of sluggish growth and higher inflation, the bank’s…
US solar power installations soar in Q1 on easing panel import gridlock
(Reuters) – U.S. solar energy installations soared 47% in the first quarter, according to an industry report published on Thursday,…
Fading risks, fear of missing out may fuel US stocks after near 20% rally
By Lewis Krauskopf NEW YORK (Reuters) – Worries that have dogged U.S. stocks for months are fading, pushing some Wall…