December 8, 2022 11:20 am
Campbell Soup Co on Wednesday revised up its full-year sales and profit forecasts, as supply chain issues have begun to ease and demand for its meals remained steady despite higher prices. The company now expects a 7% to 9% growth in net sales for fiscal year 2023, up from a previously expected growth range of […]
Read moreDecember 8, 2022 8:26 am
Uber and Motional said on Wednesday that they had launched their public robotaxi service in Las Vegas, Nevada. For the first time ever, Uber clients will be able to take advantage of an autonomous ride by using Motional’s fully electric Hyundai IONIQ 5-based robotaxis, the companies said. This is the first service under Motional-Uber 10-year […]
Read moreDecember 7, 2022 10:43 am
According to BlackRock Inc’s Chief Financial Officer Gary Shedlin, the asset manager has frozen most hiring as it seeks to reduce expenses. At a financial conference hosted by Goldman Sachs, Shedlin said the measures were expected to place BlackRock in a better position in 2023. The CFO noted the company had faced some weakness in […]
Read moreDecember 7, 2022 9:01 am
Trinity Capital Inc, a provider of diversified financial solutions to growth-stage companies, said on Tuesday that it had entered into an agreement to co-manage a newly formed joint venture, i40 LLC, with certain funds and accounts managed by a specialist credit manager that has more than $5 billion of assets under management. The initial capital […]
Read moreDecember 6, 2022 12:13 pm
According to a Xinhua report, Tesla Inc (TSLA) sold 100,291 China-produced electric vehicles in November, which marked its highest monthly sales since the opening of the company’s Shanghai plant in late 2020. That figure represents a 40% surge compared to October sales numbers and a 90% increase compared to November 2021, after the electric car […]
Read moreDecember 6, 2022 10:02 am
AUD/USD recouped part of yesterday’s losses on Tuesday, after the Reserve Bank of Australia lifted its cash rate to a decade-high and stuck with guidance of further policy tightening, while quashing any view it was nearing a hike pause. The RBA raised its cash rate by 25 basis points to 3.1% at its December policy […]
Read moreDecember 5, 2022 11:02 am
BYD Co’s Japan unit said earlier today that it planned to begin selling its first battery electric vehicles in the country early in 2023. BYD said it would introduce an electric sport-utility vehicle, ATTO 3, with a driving range of 485 kilometers, in Japan as early as January 31st. The vehicle will cost JPY 4.4 […]
Read moreDecember 5, 2022 8:58 am
Exxon Mobil Corp (XOM) said last Friday that Lawrence “Larry” Kellner and John Harris had been appointed to its Board of Directors. Currently, Kellner serves as Chairman of the Board of Directors for Boeing Company. He is also President of Emerald Creek Group LLC, a Texas-based private equity company. From December 2004 to December 2009, […]
Read moreDecember 2, 2022 9:35 am
Spot Gold was set to register its best weekly performance in three weeks, as the US Dollar eased on expectations of slower rate hikes by the Federal Reserve. The US Dollar Index was set for a weekly loss of 1.5%, as expectations that a peak in interest rates could be near weighed on its demand. […]
Read moreDecember 1, 2022 10:45 am
Honda Motor Co Ltd said earlier this week it would develop technology, which will allow its Level 3 self-driving solution to operate at any speed below legal limits on highways by the end of this decade. Level 3 is also known as conditional driving automation. It uses technology allowing drivers to engage in certain activities […]
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