Nov 27, 2023
EV battery startup ONE cuts workforce by 25%

(Reuters) - Our Next Energy (ONE) said on Monday it has cut around 25% of its workforce, or 128 employees, as the electric-vehicle battery startup deals with high borrowing costs and an uncertain economy. The company, founded by former Apple…

Nov 23, 2023
OpenAI’s new-look board as Altman returns

(Reuters) -ChatGPT-maker OpenAI on Tuesday said it reached an agreement for Sam Altman to return as CEO days after his ouster, and also agreed in principle to partly reconstitute the board of directors that had dismissed him. Bret Taylor, formerly…

Nov 22, 2023
A Thanksgiving tradition returns: busy roads, crowded airports

By Daniel Trotta and Allison Lampert (Reuters) -Millions of Americans crowded into airports or hit the road on Wednesday ahead of Thanksgiving Day, creating the busiest travel day since the pandemic virtually shut down the tradition of visiting friends and…

Nov 22, 2023
Dollar climbs after U.S. labor, consumer sentiment data

By Chuck Mikolajczak NEW YORK (Reuters) -The dollar index rose on Wednesday, rebounding from a 2-1/2 month low after economic data showed the number of Americans filing new claims for unemployment benefits fell more than expected last week. Initial claims…

Nov 22, 2023
US consumers worry inflation will pick up again, UMich survey finds

(Reuters) -U.S. consumers' inflation expectations rose for a second straight month in November despite growing signs that price increases are in fact slowing, according to a survey released Wednesday that may create some worry for Federal Reserve policymakers. American households…

Nov 22, 2023
Deere says higher borrowing costs will hit demand in coming year

By Bianca Flowers and Shivansh Tiwary (Reuters) -Deere & Co forecast 2024 profits below analysts' expectations on Wednesday, saying high borrowing costs and tighter budgets will likely dent demand for the farm equipment maker's agriculture and construction machinery. Deere, a…

Nov 22, 2023
Soccer-Violent clashes mar Brazil v Argentina World Cup qualifier

By Fernando Kallas RIO DE JANEIRO (Reuters) -Argentina captain Lionel Messi accused the Brazilian police of brutality as the start of their World Cup qualifier against Brazil was delayed by half an hour after clashes between police and visiting fans…