Carmakers adjust electrification plans as EV demand slows
Daily Trader Insights (Reuters) – Several global automakers are scaling down their electrification targets, hurt by slowing demand...
Business
US crypto stocks fall on rising bets of Harris win after presidential debate
(Reuters) – U.S. cryptocurrency stocks fell in premarket trading on Wednesday after Democratic candidate Kamala...
Shortsellers bet against airlines and banks, Hazeltree report says
By Nell Mackenzie and Joanna Plucinska LONDON (Reuters) – Shortsellers had their sights on airlines...
Adobe to launch generative AI video creation tool later this year
By Deborah Mary Sophia (Reuters) – Adobe will unveil a new generative AI-powered video creation...
Rubrik shares fall as Microsoft-backed firm nears IPO lockup expiry
(Reuters) – Shares of Rubrik fell more than 6% on Tuesday, as the markets braced...
Ally Financial flags ‘intensifying’ credit challenges; shares slump
(Reuters) – Ally Financial’s credit challenges have intensified over the quarter as borrowers struggled with...
Campbell Soup dropping ‘soup’ in name to become ‘The Campbell’s Company’
By Jessica DiNapoli and Anuja Bharat Mistry (Reuters) – Campbell Soup is dropping “soup” from...
Hedge funds flock to Japan as market heats up
By Summer Zhen HONG KONG (Reuters) – Japan has emerged as a standout in Asia’s...
Musk’s xAI in talks for share in future Tesla revenue, WSJ reports
(Reuters) – Elon Musk’s AI startup xAI has discussed a deal that would give it...
Boeing reaches early deal with 25% higher pay in hope to avert strike
By Allison Lampert and David Shepardson -Boeing said on Sunday it had reached a tentative...