By Noel Randewich (Reuters) – U.S. chip stocks added to a string of losses on Wednesday, with Wall Street’s main…
Disney wins activists’ backing in boardroom fight with Peltz
By Svea Herbst-Bayliss (Reuters) -Activist hedge funds ValueAct Capital and Blackwells Capital moved on Wednesday to back Walt Disney Co…
Goldman Sachs Asset Management raises $650 million for life sciences fund
(Reuters) – Goldman Sachs Asset Management said on Wednesday it had raised $650 million for a new fund that will…
Tesla delivers record Q4 cars, but China’s BYD steals top EV spot
By Akash Sriram (Reuters) -Tesla delivered a record number of electric vehicles in the fourth quarter, beating market estimates and…
Apple hits seven-week low after Barclays downgrade on demand concerns
By Aditya Soni and Medha Singh (Reuters) -Apple on Tuesday fell nearly 3.6% to a seven-week low after Barclays downgraded…
EV maker Rivian’s quarterly deliveries miss expectations, shares tank
By Zaheer Kachwala (Reuters) -Rivian Automotive missed market estimates for fourth-quarter deliveries as tough competition and high interest rates weighed…
Moderna jumps on Oppenheimer upgrade, 2025 sales growth goal
(Reuters) -Moderna shares gained nearly 14% on Tuesday as brokerage Oppenheimer upgraded the stock to “outperform” and the vaccine maker’s…
Chinese EV giant BYD posts 62% jump in 2023 vehicle sales
(Reuters) – China’s BYD Co, the world’s biggest seller of battery electric vehicles (BEVs) and plug-in hybrids, sold about 3.02…
DoorDash plots expansion outside core restaurant business in US – FT
(Reuters) – DoorDash is looking to diversify beyond its core business of delivering restaurant meals to home diners, as the…
China’s Xi, US President Biden exchange congratulations on 45 years of diplomatic ties
By Liz Lee BEIJING (Reuters) -China’s President Xi Jinping exchanged congratulations with U.S. President Joe Biden on the 45th anniversary…