By Noel Randewich (Reuters) - U.S. cinema stocks took off on Friday amid soaring expectations for the Memorial Day weekend debut of the sequel to the Tom Cruise blockbuster, "Top Gun". Cinemark Holdings, AMC Entertainment Holdings and Imax Corp each…
By Nivedita Balu and Medha Singh (Reuters) - Snap Inc shares plunged more than 40% and sparked a sector-wide selloff on Tuesday after a profit warning from the Snapchat parent signaled tough times ahead for the once-booming digital ad industry.…
By John McCrank NEW YORK (Reuters) - The U.S. dollar edged lower on Thursday as markets considered whether the Federal Reserve might slow or even pause its tightening cycle in the second half of the year, which would weaken the…
By Sheila Dang (Reuters) - Twitter Inc investors blocked the re-election of an ally of Elon Musk to the board at an annual meeting on Wednesday that avoided the biggest question for the social media company: will it complete a…
By Paul Lienert (Reuters) - Silicon Valley startup Solo Advanced Vehicle Technologies has partnered with Michigan-based American Battery Solutions (ABS) to develop battery packs for its new driverless electric heavy-duty truck, Solo AVT’s chief executive told Reuters. “We’re focused on…
By Ross Kerber (Reuters) - Tesla Inc CEO Elon Musk may have denounced business use of environmental, social and governance (ESG) factors as a "scam" last week but one sustainable investing pioneer thinks the electric carmaker still believes in the…
(Reuters) - U.S. consumers are using their existing vehicles for longer as the inventory of new cars and light trucks remains constrained due to supply chain challenges, marking an all-time high for the average age, according to a report from…
By Karin Strohecker LONDON (Reuters) -Russia rushed forward two payments on its international debt on Friday in its latest attempt to stave off a default that has looked on cards since its invasion of Ukraine. A week before the interest…
WASHINGTON (Reuters) -The U.S. House passed a bill on Thursday that allows the U.S. president to issue an energy emergency declaration, making it unlawful for companies to excessively increase gasoline and home fuel prices. The bill must pass the Senate,…
By Lucia Mutikani WASHINGTON (Reuters) - Permits for future U.S. homebuilding tumbled to a five-month low in April, suggesting the housing market was slowing as rising mortgage rates contribute to reduced affordability for entry-level and first-time buyers. But the report…