Meta’s Threads hits 175 million users ahead of one-year anniversary
By Yuvraj Malik and Jaspreet Singh (Reuters) – Meta Platforms’ newest social media offering Threads has over 175 million monthly active users, CEO Mark Zuckerberg
AbbVie cuts 2024 profit forecast on R&D expenses
(Reuters) -AbbVie lowered its 2024 adjusted profit forecast on Wednesday, citing $937 million in milestones, and research and development expenses related to acquisitions. The drugmaker
S&P 500, Nasdaq post record closing highs as data stokes hope for rate cut
By Ankika Biswas, Lisa Pauline Mattackal and Saeed Azhar (Reuters) -The S&P 500 index and technology-laden Nasdaq rose on Wednesday to post record high closes,
Progressive to pay $48 million to settle claims it undervalued wrecked cars
By Jonathan Stempel NEW YORK (Reuters) – Progressive agreed to pay $48 million to settle a class action lawsuit accusing the insurer of systematically undervaluing
Walmart has held talks to sell its shuttered medical clinics, Fortune reports
(Reuters) – Walmart has held talks with potential buyers to sell its already shuttered medical clinics, Fortune reported on Tuesday, citing multiple sources familiar with
Trump-backed challenger beats US House Republican Bob Good in Virginia primary
By Moira Warburton WASHINGTON (Reuters) – Republican U.S. Representative Bob Good, the leader of a hardline House group, lost a Virginia primary for his seat
Ford urges its managers to buy more EVs with new leasing policy
By Nora Eckert DETROIT (Reuters) – Ford Motor is trying to get more of its managers to buy electric vehicles, according to an internal email
Top Democrats rule out replacing Biden amid calls for him to quit 2024 race
By David Morgan and Jarrett Renshaw WASHINGTON (Reuters) – Top Democrats on Sunday ruled out the possibility of replacing President Joe Biden as the Democratic
Tesla deliveries set to fall for second straight quarter
By Akash Sriram and Hyunjoo Jin (Reuters) – Tesla’s June-quarter deliveries likely fell 3.7%, the first time the top EV maker is set to post
Boeing to buy Spirit Aero for $4.7 billion in effort to tackle quality lapses
(Reuters) -Boeing has agreed to buy back Spirit AeroSystems for $4.7 billion in stock, ending the near-two-decade independence of the world’s largest standalone aerostructures company.