By Tatiana Bautzer and Manya Saini (Reuters) -Citigroup beat Wall Street expectations for second-quarter profit on Friday, boosted by a 60% jump in investment banking revenue and gains in its services division,…
Month: July 2024
Tesla delays robotaxi launch to October from August, Bloomberg News reports
(Reuters) -Tesla is delaying the launch of robotaxi to October from August, Bloomberg News reported on Thursday, citing people familiar with the decision. Shares of Tesla were down more than 6%, ending…
New era of private credit growth raises concerns, Moody’s says
By Matt Tracy (Reuters) – The rapid growth of private credit lending beyond its traditional market presents potential future risks to the U.S. economy due to lack of oversight and transparency, according…
Ukraine gets new $225 million US military aid after Biden meets Zelenskiy
By Jeff Mason and Kanishka Singh WASHINGTON (Reuters) -The United States on Thursday announced a new security package for Ukraine worth $225 million, which includes a Patriot missile battery, additional ammunition for…
U.S. June budget deficit shrinks to $66 billion after calendar shifts
WASHINGTON (Reuters) – The U.S. government recorded a $66 billion budget deficit for June that was reduced sharply by a shift of benefit payments into May that ballooned that month’s deficit to…
Samsung bolsters AI in foldable phones, health monitoring in smartwatch, ring
By Joyce Lee SEOUL (Reuters) – Samsung Electronics unveiled its latest foldable smartphones on Wednesday, making its priciest flagship model lighter and slimmer and bolstering AI functions as it challenges Apple’s dominance…
US FTC to sue drug middlemen over insulin prices, WSJ reports
(Reuters) -The U.S. Federal Trade Commission is planning to sue UnitedHealth, Cigna and CVS Health – the three largest pharmacy-benefit managers – over their tactics for negotiating prices for drugs including insulin, the…
Global lithium sector eyes Argentina’s salt flats on tech test run
By Daina Beth Solomon and Ernest Scheyder SALAR CENTENARIO, Argentina (Reuters) – In a dusty plain in northern Argentina’s mountains, black tubes stretching two stories high fill a massive tank with salty…
Musk’s Neuralink working on new brain implant device
(Reuters) -Neuralink, Elon Musk’s brain-chip company, is working on a new device that it believes will require half the number of electrodes to be implanted in the brain to make it more…
Boeing deliveries drop 27% in June year-on-year
By Allison Lampert (Reuters) – Boeing said on Tuesday it delivered more commercial jets in June than in any other month this year, but the total of 44 planes represented a 27%…