Electric car company Tesla Inc said on Wednesday its deliveries rose less than 2% in the third quarter, missing Wall Street estimates and sending its shares down nearly 6% in trading after the bell.
U.S. regulators are looking into parking lot crashes involving Tesla Inc cars driving themselves to their owners using the company’s Smart Summon feature, the National Highway Traffic Safety Administration (NHTSA) said on Wednesday.
“We are concerned that the primacy of the U.S. Dollar could be in long-term jeopardy from wide adoption of digital fiat currencies.” …read more […]
As anti-government protesters fought pitched battles with police in Hong Kong streets last week, a group of bankers in another part of the city were busy taking in billions for the public float of the Asia unit of the world’s largest brewer.
RIO DE JANEIRO/BRASILIA, Oct 2 (Reuters) – Brazilian miner Vale SA on Wednesday said it expects to finish paying for most of the expenses related to the disaster at one of its facilities that killed at least 250 people by 2021. In securities filings, Vale laid out its expectations for expenses related to the rupture of a mining dam at its facility in the town of Brumadinho in January, which released a torrent of mud burying buildings and people. Vale faces a variety of legal actions related to the disaster including lawsuits in Brazil, U.S. class actions and …read more […]
(Bloomberg) — On the same day Microsoft Corp. showed off some custom processors in its new Surface products in New York, the company was trying to hire even more chip designers to fuel its growing microprocessor-design ambitions. The company held a recruiting event Wednesday in Austin, Texas, seeking experienced “custom CPU/SoC design” engineers for jobs in Raleigh, North Carolina; Sunnyvale, California; and Fort Collins, Colorado, in addition to its headquarters in Redmond, Washington, according to a post on Microsoft-owned LinkedIn. SoC stands for system on a chip and it’s a single piece of silicon with multiple chips — widely used …read more […]
GoPro Inc on Wednesday cut its revenue and profit forecasts for the rest of the year, hit by a delay in production of its latest Hero8 Black cameras, triggering a 19% drop in its shares.
Short-term home rental company Airbnb Inc is set to hire Morgan Stanley and Goldman Sachs Group Inc as joint lead advisers on its planned stock market flotation next year, people familiar with the matter said on Wednesday.
The United States on Wednesday said it would enact 10% tariffs on European-made Airbus planes and 25% duties on French wine, Scotch and Irish whiskies and cheese from across the continent as punishment for illegal EU aircraft subsidies.
(Bloomberg Opinion) — Tesla Inc.’s quarterly deliveries announcements are not what they were, mainly because they’re so brief these days. Wednesday evening’s still managed to spark a 4% sell-off in immediate after-hours trading. On one level, that barely counts given this stock’s volatility. On the other, there were a couple of nuggets in the release that warrant watching.Most obviously, Tesla didn’t quite hit the 100,000 deliveries number CEO Elon Musk told employees was within reach in an email that leaked last week (and sparked a 6% rally, naturally). As any reporter covering the Dow will tell you, round numbers …read more […]
The U.S. Food and Drug Administration and international health authorities are investigating the safety of Zantac heartburn medicine, also sold generically as ranitidine, after finding a probable cancer-causing impurity https://www.reuters.com/article/us-fda-heartburn/fda-says-finds-unacceptable-level-of-carcinogen-in-zantac-and-its-generics-idUSKBN1WH1LA in the drug. Ranitidine is the newest drug in which presence of cancer causing impurities have been found. Glaxo Holdings Ltd, now a part of GlaxoSmithKline PLC , receives its first U.S. FDA approval for Zantac as a short-term treatment of a common form of ulcers. …read more […]
Q4 2019 United Natural Foods Inc Earnings Call …read more […]
Any errors in the arrest of Huawei Technologies Co Ltd’s Chief Financial Officer Meng Wanzhou in Canada last December were technical in nature and do not meet the requirements to suspend her extradition proceedings to the United States, government lawyers said in court on Wednesday.
“Nobody wants to be in federal court in Miami — or anywhere else.” That was Carnival Corp. CEO Arnold Donald speaking at Skift Global Forum in September. But back in Miami federal court was exactly where he was on Wednesday, along with chairman Mickey Arison and other Carnival executives. They were there to detail the […] …read more […]
(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The U.S. released a final list of billions of dollars of European products it will hit with new tariffs after the World Trade Organization’s landmark ruling on illegal subsidies to Airbus SE.The U.S. plans to impose a 10% tariff on large civil aircraft from France, Germany, Spain and the U.K. It will also slap 25% levies on a range of other items including Irish and Scotch whiskies; wine, olives, cheese; as well as certain pork products, butter and yogurt from …read more […]
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