Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, on Monday filed for an initial public offering with the U.S. Securities and Exchange Commission, after being valued at nearly $3 billion in its latest round of funding.
Tesla Inc broadcast a web presentation on Monday to update investors about its self-driving strategy as Chief Executive Elon Musk tries to show that the electric car maker’s massive investment in the sector will pay off.
Smartphone maker Samsung Electronics Co Ltd said on Monday it will delay the public rollout of its Galaxy Fold without giving a new release date.
Kraft Heinz Co named Miguel Patricio as its next chief executive on Monday, hoping the 30-year marketing veteran will revitalize brands such as Planters nuts and Oscar Mayer bacon at one of the world’s largest packaged food companies.
U.S. President Donald Trump said on Monday that businessman and former presidential candidate Herman Cain withdrew from consideration for a seat on the Federal Reserve Board.
Samsung Electronics Co Ltd confirmed on Monday it would delay the public availability of its Galaxy Fold smartphone after reviewers of the foldable handset reported defective samples.
U.S. President Donald Trump said on Monday that businessman Herman Cain has withdrawn his name from consideration for a seat on the Federal Reserve Board.
French retailer Casino said on Monday it agreed to sell a portfolio of 12 Casino hypermarkets and 20 supermarkets to U.S. asset management firm Apollo Global Management in a deal worth up to 470 million euros ($529.03 million).
Video of a parked Tesla Inc Model S exploding and a Wall Street downgrade of the electric carmaker’s stock pushed shares down 4 percent on Monday, as it prepared to issue results for a troubled first quarter.
Any move by Iran to close the strategic Strait of Hormuz in response to the United States ending oil waivers for purchases of Iranian oil would be unjustified and unacceptable, a senior administration official said on Monday.
The United States demanded a cut off of Iranian oil exports to major importers like China and India who had been granted exemptions from sanctions, sending crude prices to six-month highs on fears the U.S. action could lead to a supply crunch.
President Donald Trump said on Monday that businessman Herman Cain had withdrawn his name from consideration for a seat on the Federal Reserve Board.
Halliburton Co sought to convince investors on Monday that weak pricing which has undermined oilfield services providers over four years was on the verge of turning a corner.
Crude oil jumped almost 3% on Monday after the United States said it will tighten a clamp-down on Iranian oil exports in May while U.S. equities were little changed as Wall Street braced for corporate results in a busy earnings week.
U.S. home sales fell more than expected in March, pointing to continued weakness in the housing market despite declining mortgage rates and slowing house price gains.
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