(Reuters) -Freeport-McMoRan posted a better-than-expected third-quarter profit on Thursday, as higher copper prices offset lower production after the company suspended…
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Rivian to cut jobs as loss of EV tax credit hits demand, source says
By Akash Sriram (Reuters) -Rivian Automotive will lay off employees as the electric-vehicle maker contends with weakening demand following the…
Wall Street’s bumper year to boost tax collections, NY state comptroller says
(Reuters) -Wall Street is on track for another bumper year, with its profit from securities trading and underwriting expected to…
Reddit sues Perplexity for scraping data to train AI system
(Reuters) -Social media platform Reddit sued artificial intelligence startup Perplexity in New York federal court on Wednesday, accusing it and…
T. Rowe Price files for its first crypto ETF
By Suzanne McGee and Arasu Kannagi Basil (Reuters) -T. Rowe Price is seeking regulatory approval to launch an actively managed…
White House East Wing will be torn down fully to make way for Trump ballroom, official says
WASHINGTON (Reuters) -The full East Wing of the White House will be torn down as part of the process to…
Airbus sees world freighter fleet growing 45% by 2044
PARIS (Reuters) -Airbus said on Wednesday the worldwide fleet of dedicated freighter aircraft by all makers should rise to 3,420…
Lockheed Martin lifts 2025 forecasts on robust defense demand
By Utkarsh Shetti and Mike Stone (Reuters) -U.S. defense contractor Lockheed Martin raised its 2025 forecast for revenue and profit…
Exclusive-Russia reiterated previous Ukraine peace terms to US in private communique, sources say
By Gram Slattery, John O’Donnell and Jonathan Landay WASHINGTON/FRANKFURT (Reuters) -Russia reiterated its previous terms for reaching a peace deal…
Early consumer earnings make the wealth effect clear
By Purvi Agarwal and Arpan Varghese (Reuters) -Prominent consumer-facing companies Coke, 3M, General Motors and Philip Morris all flagged consumer…