(Reuters) -Lucid beat Wall Street expectations for third-quarter revenue on Thursday and reiterated its annual production forecast as it benefits from strong demand for its luxury electric sedans. Lucid shares rose 8% in trading after the bell. The company reported third-quarter revenue of $200 million, narrowly beating estimates of $198 million, according to data compiled…
LONDON (Reuters) – U.S. President Donald Trump’s pledge to impose a universal 10% tariff on imports and 60% on Chinese goods is likely only a starting point for negotiations, ratings agency S&P Global said in a note on Thursday. Tariffs are unlikely to be imposed at those levels, but were Trump to follow though, the…
By Ashitha Shivaprasad and Daksh Grover (Reuters) – U.S. President Donald Trump’s latest tariff threats have ignited another gold rush, propelling the safe-haven metal to new heights and bringing the glittering $3,000 milestone into view. Spot gold climbed to a record $2,911.30 a troy ounce on Monday – its seventh record peak to date in…
By Alex Lawler, Ahmad Ghaddar and Yousef Saba LONDON (Reuters) – OPEC+ at its Dec. 5 meeting made further changes to its oil production policy, by delaying a planned increase in output further into next year as it faces a weaker oil demand outlook. The oil producer group on Thursday pushed back the start of…
By Foo Yun Chee BRUSSELS (Reuters) – Apple is facing a likely antitrust fine as the French regulator prepares to rule next month on the company’s privacy control tool, two people with direct knowledge of the matter said. Called App Tracking Transparency (ATT), the feature allows iPhone users to decide which apps can track user…
By Jeffrey Dastin (Reuters) – Intel’s upbeat revenue projections on Thursday masked a sore point for the embattled company: chips touted for artificial intelligence have not lived up to sales expectations. The chipmaker scrapped its recent forecast that in 2024 it would sell more than $500 million worth of Gaudi accelerator chips, so called because…
By Anna Voitenko and Dan Peleschuk BUCHA, Ukraine (Reuters) – As Russian troops approached Dniprorudne in their February 2022 invasion of Ukraine, the city’s long-term mayor Yevhen Matvieiev could have fled to safety. Instead, he stayed behind to coordinate humanitarian aid and security for its residents as Moscow’s forces occupied the southeastern Ukrainian city. Weeks later…
By Jamie McGeever ORLANDO, Florida (Reuters) – When Federal Reserve Chair Jerome Powell and his colleagues meet this week to discuss their next interest rate move, they’ll face a much more complicated situation than they did only two months ago, due to the historic rise in long-dated Treasury yields since the central bank’s jumbo rate…
SOCHI, Russia (Reuters) – Russian President Vladimir Putin on Thursday described China as Russia’s ally and threw his weight behind Beijing’s claims over Taiwan, while stating that no countries had anything to fear from deepening Sino-Russian cooperation. The two countries have not declared a formal military alliance, but Putin and Chinese President Xi Jinping signed…
By Jonathan Stempel (Reuters) -Warren Buffett and Berkshire Hathaway extended their retreat from stocks in the third quarter, further slashing holdings in Apple and boosting cash to a record $325.2 billion. In its quarterly report on Saturday, Berkshire said it sold about 100 million, or 25%, of its Apple shares over the summer, ending with…
