Boeing sees free cash burn in 2024 as deliveries remain sluggish
By Allison Lampert and David Shepardson (Reuters) -Boeing will burn rather than generate cash in 2024 and deliveries will not…
Category: Business
Tesla investor Scottish Mortgage to back Musk’s $56 billion pay package
(Reuters) – Tesla investor Scottish Mortgage Investment trust said on Thursday it plans to continue backing CEO Elon Musk’s $56…
Pfizer rolls out another cost-cutting program, sets $1.5 billion target by 2027
(Reuters) -U.S. drugmaker Pfizer launched a new multi-year program to reduce its expenses by about $1.5 billion by the end…
Target issues weak forecast as shoppers pull back; shares tumble
By Siddharth Cavale and Ananya Mariam Rajesh (Reuters) -Target on Wednesday said it expects consumer caution to persist after it…
Elf Beauty projects annual sales, profit below estimates despite upbeat Q4
By Granth Vanaik (Reuters) – Elf Beauty projected annual sales and profit below Wall Street expectations on Wednesday, in a…
China’s BYD postpones plans for 2025 Chile lithium cathode plant
(This May 14 story is being republished with no changes to text) MEXICO CITY (Reuters) – Chinese carmaker BYD Co…
Analysis-Walmart’s strong forecast signals a resilient consumer
By Siddharth Cavale and Aishwarya Venugopal (Reuters) – A positive forecast from retail bellwether Walmart on Thursday signaled a resilient…
Tesla gets local council go-ahead for German factory expansion
GRUENHEIDE, Germany (Reuters) – Tesla got the go-ahead for an expansion of its German factory in Gruenheide near Berlin from…
Netflix hits 40 million users for ad-supported plan
(Reuters) – Netflix said on Wednesday its ad-supported tier has reached 40 million global monthly active users, from 5 million…
Tyson Foods unsure when tight US cattle supplies will expand, CEO says
By Tom Polansek CHICAGO (Reuters) – Tyson Foods cannot predict exactly when U.S. ranchers will start rebuilding the cattle herd…