By David Shepardson and Ben Klayman (Reuters) -Ford Motor said on Wednesday it is unlikely Mustang Mach-E electric vehicles currently in dealer showrooms will qualify for federal tax credits beginning in January. The U.S. Treasury issued guidance last week detailing…
By Max A. Cherney (Reuters) -AMD estimated there was a $45 billion market for its data center artificial intelligence processors this year as it launched a new generation of AI chips on Wednesday. The total addressable market forecast is up…
By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global equities slipped on Wednesday and was poised for a third straight decline, while longer-dated U.S. Treasury yields fell after economic data kept intact expectations the Federal Reserve has leeway to…
By Tom Polansek CHICAGO (Reuters) -Smithfield Foods said it will end contracts with 26 hog farms in the U.S. state of Utah, in the latest contraction by the world's largest pork processor in the face of an industry oversupply. Pork…
(Reuters) -Activist investor Engine Capital on Wednesday sent a letter to the board of cancer therapy developer 2seventy bio, urging a board refresh and the appointment of Chief Operating Officer Chip Baird as CEO, among other changes. Engine Capital, which…
By Pratima Desai and Eric Onstad LONDON (Reuters) -Commodity trader Trafigura used shipping receipts from nickel trades to boost profits by lending them to companies not involved in the transaction to raise financing, Indian businessman Prateek Gupta alleged in a…
(Reuters) -Elon Musk's artificial intelligence startup xAI has filed with the U.S. securities regulator to raise up to $1 billion in an equity offering, according to a filing on Tuesday. The company has raised $134.7 million in equity financing from…
TEGUCIGALPA (Reuters) - A bus in Honduras skidded off a highway and fell into a ravine on Tuesday, killing 10 people and injuring around two dozen others, authorities said. The bus, carrying nearly 60 people, crashed into a bridge before…
By Chuck Mikolajczak NEW YORK (Reuters) - A gauge of global stocks declined for a second straight session and U.S. Treasury yields fell on Tuesday, as investors attempted to assess the policy path of major central banks and the trajectory…
By Pete Schroeder and Michelle Price WASHINGTON (Reuters) - The top bosses of JPMorgan, Morgan Stanley, Citigroup and other Wall Street banks will warn lawmakers that capital hikes and new regulations will hurt the economy, according to prepared congressional testimony…