News Blog

Blink Charging Co.  said Tuesday it’s expanding its electric vehicle charging infrastructure across Latin America, building out the more than 2,100 charges across eight countries it has already installed.

Consumer spending held up well in July as inflation slowed, with retail sales turning in a stronger than expected showing for the month, the Commerce Department reported Tuesday.

China’s Tencent Music Entertainment Group said on Tuesday second-quarter revenue rose 5.5% from a year ago, driven by growth in paying users on its Spotify-like music streaming platform and a recovery in the advertising market.

Home Depot topped earnings expectations on Tuesday, but posted a 2% year-over-year sales decline as customers remained wary of big purchases and major projects.

UK wages grew much more than expected and at a record annual pace in the three months to June, according to official figures that are likely to reinforce the Bank of England’s concerns over the pressures fuelling inflation. 

A Fitch Ratings analyst warned that the U.S. banking industry has inched closer to another source of turbulence — the risk of sweeping rating downgrades on dozens of U.S. banks that could even include the likes of JPMorgan Chase. 

British supermarket Marks and Spencer  said on Tuesday it expected profit growth for the year 2022-2023, with interim results likely to significantly improve against previous expectations.

Tesla rolled out cheaper versions of its Model S and Model X vehicles in the U.S. as competition in the electric vehicle space continues to ramp up.

Berkshire Hathaway took new equity positions in home-building, notably industry leader D.R. Horton , while reducing its stake in General Motors  and eliminating a holding in McKesson , according to a 13-F regulatory filing released late Monday.

Japan’s economy posted its third straight quarterly expansion, provisional government data showed Tuesday, as robust export growth contributed to an annualized 6% expansion in the second quarter, handily beating market expectations.

Intel and Synopsys announced on Monday that the two companies have agreed to expand a strategic partnership in which Intel’s foundry customers will be able to license intellectual property from Synopsys.

Technology firm Sea Ltd missed estimates for second-quarter revenue on Tuesday, as consumers held back spending on Internet and discretionary services, sending its U.S.-listed shares down 12% in trading before the bell.

China reported July data that broadly missed expectations. The National Bureau of Statistics report also did not include the unemployment figure for young people, which has soared to record highs in recent months.

Exor and Royal Philips jointly said that they have entered a relationship agreement, with Exor picking up a 15% stake in Philips for an undisclosed sum, but worth around 2.58 billion euros ($2.82 billion).

The latest version, which some are calling Eris, is now a “variant of interest” at the World Health Organization, having been reported in at least 51 countries since early August, including China, the U.S., Korea, Japan, and Canada.

TOKYO, Aug 14 (Reuters) – Rakuten Group (4755.T) shares surged on Monday morning after the e-commerce giant reported narrowing losses at its cash bleeding mobile unit last week alongside assurances that it can cover its debt burden for the next financial year.

Foxconn , which makes Apple  iPhones, reported a decline in profits in the second quarter, but still managed to beat expectations.

Credit data for July released Friday showed a slump in demand from businesses and households to borrow money for the future.

The United States is working to build resilient, diversified clean energy supply chains to protect its economic security, while guarding against the risks posed by over-concentration in a handful of countries, U.S. Treasury Secretary Janet Yellen said in remarks prepared for an event in Las Vegas on Monday.

Tesla  is discounting in China and cutting prices—again. New reductions have shares down in early trading Monday and will lead to more questions about price wars and demand for electric vehicles in the world’s largest market for new cars.