Aug 22, 2022
Tesla loses challenge to California agency suing for race bias

By Daniel Wiessner (Reuters) -A California administrative agency has declined to review Tesla Inc's claim that the state's civil rights watchdog suing the company for race bias at an assembly plant is rushing to sue businesses without conducting full investigations.…

Aug 19, 2022
Meme stocks in reverse as Bed Bath & Beyond slump spooks investors

(Reuters) - Retail favorites GameStop and AMC Entertainment fell on Friday, undoing much of their recent gains after billionaire Ryan Cohen abruptly dumped his stake in struggling retailer Bed Bath & Beyond days after he took a bullish options position…

Aug 18, 2022
Tapestry, Estee Lauder feel earnings pinch from China lockdowns

By Mehr Bedi and Ananya Mariam Rajesh (Reuters) - Tapestry Inc and Estee Lauder Cos Inc forecast full-year earnings below estimates on Thursday, underscoring the hit global luxury goods companies are taking from China's COVID-19 lockdowns. Major Chinese cities have…

Aug 17, 2022
NASA’s giant U.S. moon rocket emerges for debut launch

By Joey Roulette (Reuters) -NASA's gigantic Space Launch System moon rocket, topped with an uncrewed astronaut capsule, began an hours-long crawl to its launchpad Tuesday night ahead of the behemoth's debut test flight this month. The 322-foot-tall (98-meter) rocket is…

Aug 16, 2022
OK Google, get me a Coke: AI giant demos soda-fetching robots

By Paresh Dave MOUNTAIN VIEW, Calif. (Reuters) - Alphabet Inc's Google is combining the eyes and arms of physical robots with the knowledge and conversation skills of virtual chatbots to help its employees fetch soda and chips from breakrooms with…

Aug 15, 2022
Stocks, dollar gain despite surprise weak China data

By Chibuike Oguh New York (Reuters) - Global equities and the U.S. dollar advanced on Monday despite weaker-than-expected economic data in China that prompted its central bank to cut its lending rate, stoking concerns of a global recession. The People's…

Aug 12, 2022
U.S. tightens export controls on advanced chip, gas turbine engine tech

By David Shepardson WASHINGTON (Reuters) -The United States on Friday adopted new export controls on technologies that support the production of advanced semiconductors and gas turbine engines that it said are critical to its national security. The "emerging and foundational…