By Jaspreet Singh (Reuters) -Lucid beat expectations for quarterly deliveries, as the Saudi Arabia-backed maker of luxury electric vehicles lowered prices and offered cheaper financing to drive demand, sending its shares up about 3% on Monday. The company handed over 3,099 vehicles in the fourth quarter, compared with estimates of 2,637, according to six analysts…
NEW YORK (Reuters) -Gemini Trust Company agreed to pay a civil penalty of $5 million to settle U.S. Commodity Futures Trading Commission charges in connection with statements it made in connection with its bitcoin futures contract in 2017, a court filing showed on Monday. Gemini also agreed to a permanent injunction, according to the consent…
(Reuters) – Deere & Co strengthened its bet on autonomous machinery by unveiling new tractors and industrial equipment, capable of operating without the need for a human being in the cab, at the CES trade show in Las Vegas on Monday. The world’s largest farm equipment maker is making strides towards automating manual work amid…
(Reuters) – – U.S. Surgeon General Vivek Murthy issued an advisory on Friday calling for alcoholic drinks to carry a label that warns consumers about their cancer risks. Following are key recommendations and conclusions of fact contained in the 21-page advisory, along with page references. Key recommendations * Update the existing surgeon general’s health warning…
By Savyata Mishra and Anna Pruchnicka (Reuters) -Shares of European and American spirits makers and brewers fell on Friday after the U.S. surgeon general called for cancer warnings on the labels of alcoholic drinks. The consumption of alcoholic drinks increases the risk of developing breast, colon, liver and other cancers, U.S. Surgeon General Vivek Murthy…
By Savyata Mishra and Anna Pruchnicka (Reuters) -Shares of European and American spirits makers and brewers fell on Friday after the U.S. surgeon general called for cancer warnings on the labels of alcoholic drinks. The consumption of alcoholic drinks increases the risk of developing breast, colon, liver and other cancers, U.S. Surgeon General Vivek Murthy…
By Erin Banco, Jonathan Landay and Idrees Ali WASHINGTON (Reuters) – A U.S. Army veteran who flew a black Islamic State flag on a truck that he rammed into New Year’s revelers in New Orleans shows how the extremist group still retains the ability to inspire violence despite suffering years of losses to a U.S.-led…
MILAN (Reuters) -Vehicle production by car maker Stellantis in Italy fell by 37% last year, hit in particular by a steep plunge in car manufacturing, union figures showed on Friday. To address overcapacity in Italy, the group has relied heavily on state-funded temporary layoff schemes. Stellantis in December presented a plan to boost production, but…
By Jonathan Stempel NEW YORK (Reuters) – PayPal has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting part of a $535 million investment program to Black and Hispanic applicants, costing her millions of dollars. Thursday’s complaint by Nisha Desai and her New York-based venture capital…
(Reuters) – Shares of Fannie Mae and Freddie Mac, the mortgage giants under U.S. government control since 2008, surged to multi-year highs on Friday after federal agencies revealed a framework for their “orderly” release from conservatorship. The U.S. Treasury Department and the Federal Housing Finance Agency (FHFA) said on Thursday they had amended their agreements…
