Aug 22, 2022
Ford cuts 3,000 jobs as it pivots to EVs, software

By Joseph White (Reuters) -Ford Motor Co said it will cut a total of 3,000 salaried and contract jobs, mostly in North America and India, as it restructures to catch up with Tesla Inc in the race to develop software-driven…

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…