Electric vehicle maker Polestar lowers production guidance, cuts jobs
STOCKHOLM Swedish electric vehicle (EV) maker Polestar said on Thursday it had lowered its 2023 production guidance and
2023-05-11 19:56
PacWest Deposits Dropped 9.5% After Report of Investor Talks
PacWest Bancorp said deposits fell 9.5% last week after a news report that the lender was in talks
2023-05-11 19:46
Bank of England hikes interest rates for 12th time in battle with inflation
The Bank of England raised interest rates by a quarter of a percentage point Thursday, hiking for the twelfth consecutive time as it battles inflation above 10%.
2023-05-11 19:26
Abcam Founder Pushes for Better Performance at Biotech
Abcam Plc founder Jonathan Milner is pushing for better performance at the biotechnology supplier he started 25 years
2023-05-11 19:24
BlackRock Overhauls Leadership of Credit, Private Asset Business
BlackRock Inc. is shaking up its alternatives business, with roughly $300 billion of assets, as the firm seeks
2023-05-11 19:19
Tapestry raises annual profit forecast on higher prices, strong demand
Tapestry Inc raised its annual profit forecast on Thursday, betting that price increases and strong demand for its
2023-05-11 18:53
European Gas Prices Fluctuate Amid Worries About Abnormal Heat
European natural gas prices fluctuated after closing at the lowest level in almost 22 months, with some weather
2023-05-11 18:52
Robinhood Under Investigation Over Communications Compliance
Robinhood Markets Inc. said regulators are investigating the firm’s compliance with recordkeeping requirements, including employees’ use of “off-channel
2023-05-11 18:17
Saudi Aramco to Postpone Mega IPO of Energy Trading Unit
Saudi Aramco is pushing back a planned Riyadh initial public offering of its energy-trading business, a deal that
2023-05-11 17:57
Futures edge higher on inflation cheer, Disney slides
U.S. stock index futures edged higher in the early hours of Thursday on lingering optimism over upbeat inflation
2023-05-11 17:28
Nissan Profit Outlook Tops Projections as Cost Cuts Bear Fruit
Nissan Motor Co. forecast operating profit for the current fiscal year that exceeded analyst projections, as the Japanese
2023-05-11 16:52
German Union Calls for Two-Day Train Strike Starting Late Sunday
Germany’s railway and transport union called for its third nationwide strike this year after wage talks with state-owned
2023-05-11 16:46