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Tesla shares down after surprise Model 3 price drop, store cuts

2 months ago DieselGasoil Comments Off on Tesla shares down after surprise Model 3 price drop, store cuts
(Reuters) – Wall Street reacted nervously on Friday to Tesla Inc’s move to shut its network of high-end showrooms and launch a long-awaited cheaper version of its Model 3 sedan, as shares fell 8 percent and most analysts expressed concern over the company’s long-term margins. The arrival of the $35,000 Model 3 had been largely Read More

U.S. companies adapt to 'endless' China tariffs

2 months ago DieselGasoil Comments Off on U.S. companies adapt to 'endless' China tariffs
(Reuters) – U.S. manufacturers are accelerating their shift out of China, coming to terms with a new reality: the Trump administration’s tariffs will not go away any time soon. FILE PHOTO: Words ‘Made in China’ are pictured on a box of products imported from China at a wholesale shop in Paris, France. REUTERS/Regis Duvignau/File Photo Read More

Lyft IPO filing shows surging revenue, widening losses

2 months ago DieselGasoil Comments Off on Lyft IPO filing shows surging revenue, widening losses
SAN FRANCISCO (Reuters) – Lyft Inc inched closer to becoming the first ride-hailing company to make a stock market debut by releasing its filing for an initial public offering on Friday, revealing to the public a detailed look at its financial performance. FILE PHOTO: An illuminated sign appears in a Lyft ride-hailing car in Los Read More

Canada to allow extradition case against Huawei executive

2 months ago DieselGasoil Comments Off on Canada to allow extradition case against Huawei executive
FILE PHOTO: Meng Wanzhou, Executive Board Director of the Chinese technology giant Huawei, attends a session of the VTB Capital Investment Forum “Russia Calling!” in Moscow, Russia October 2, 2014. REUTERS/Alexander Bibik OTTAWA (Reuters) – The Canadian government, as expected, said on Friday it would allow an extradition hearing to proceed against Meng Wanzhou, the Read More

Huawei to be arraigned in U.S. fraud case in New York on March 14

2 months ago DieselGasoil Comments Off on Huawei to be arraigned in U.S. fraud case in New York on March 14
FILE PHOTO: The logo of Huawei Technologies is pictured in front of the German headquarters of the Chinese telecommunications giant in Duesseldorf, Germany, February 18, 2019. REUTERS/Wolfgang Rattay/File Photo (Reuters) – Huawei Technologies Co Ltd and two affiliates will be arraigned on March 14 in U.S. District Court in Brooklyn, New York, on accusations the Read More

Global shares rise on tame inflation, MSCI's China move

2 months ago DieselGasoil Comments Off on Global shares rise on tame inflation, MSCI's China move
NEW YORK (Reuters) – World equity markets rose on Friday to end an otherwise slow week on benign U.S. inflation and after strong economic data from China helped feed into optimism around trade, while crude oil retreated on news of weaker U.S. factory activity. FILE PHOTO: Traders work on the floor of the New York Read More

Amazon plans new grocery-store business – WSJ

2 months ago DieselGasoil Comments Off on Amazon plans new grocery-store business – WSJ
FILE PHOTO: The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. REUTERS/Brendan McDermid (Reuters) – Amazon.com Inc is planning to open dozens of grocery stores across the United States as it looks to expand in the food business, the Wall Street Read More

Gap shares surge 24 percent as Wall Street praises split

2 months ago DieselGasoil Comments Off on Gap shares surge 24 percent as Wall Street praises split
(Reuters) – Gap Inc shares surged as much as 24 percent on Friday as a number of Wall Street analysts lauded the company’s decision to separate its better-performing Old Navy brand. The company, once a trend setter with its casual logo emblazoned hoodies to Khaki cargos, has struggled to keep pace with fast-fashion rivals such Read More

Carmaker JLR to announce major UK investment: BBC

2 months ago DieselGasoil Comments Off on Carmaker JLR to announce major UK investment: BBC
FILE PHOTO: A worker arrives at Jaguar Land Rover’s Halewood Plant in Liverpool, Britain, January 10, 2019. REUTERS/Phil Noble LONDON (Reuters) – Luxury carmaker Jaguar Land Rover is preparing to announce hundreds of millions of pounds worth of investment in Britain, the BBC reported on Friday. “Welcome after 4,500 job losses announced in January. Company Read More

Lyft IPO filing shows $2.2 billion revenue as company looks to woo investors on growth

2 months ago DieselGasoil Comments Off on Lyft IPO filing shows $2.2 billion revenue as company looks to woo investors on growth
SAN FRANCISCO (Reuters) – Lyft Inc inched closer to becoming the first ride-hailing company to make a stock market debut by releasing its filing for an initial public offering on Friday, giving the public the first detailed look at its financials since its 2012 launch. FILE PHOTO: An illuminated sign appears in a Lyft ride-hailing Read More