Business News

– Electric vehicle firm Faraday Future Intelligent Electric Inc said on Tuesday its review had identified certain inaccurate statements made by its employees to investors and announced changes in its …

By David Shepardson WASHINGTON -It will likely take “years” to permanently address airplane interference issues caused by the deployment of 5G wireless in the C-band, a group representing major U.S. …

By Joseph White and Ben Klayman DETROIT -General Motors Co on Tuesday said it will spend more than the $35 billion previously planned through 2025 to speed up launches of …

By Erwin Seba HOUSTON -Union and energy company negotiators met on Tuesday without reaching agreement on a new labor contract covering 30,000 U.S. workers at oil refineries, chemical plants and …

By Siddharth Cavale and Arriana McLymore -United Parcel Service Inc projected 2022 revenue above market expectations and doled out its biggest dividend boost on Tuesday, as the logistics giant posted …

WASHINGTON – The U.S. House of Representatives plans a procedural vote on Wednesday on a bill https://www.reuters.com/business/us-house-leaders-set-unveil-chips-china-competition-bill-2022-01-25 aimed at increasing U.S. competitiveness with China and supporting the U.S. chip industry, …

By Nate Raymond – The three largest U.S. drug distributors and drugmaker Johnson & Johnson have agreed to pay $590 million to resolve claims by hundreds of Native American tribes …

By Sohini Podder -PayPal Holdings Inc on Tuesday forecast first-quarter revenue and profit well below expectations, as it prepares to take a hit from eBay Inc’s ongoing move to ditch …

By David Lawder and Andrea Shalal WASHINGTON -China has failed to meet its commitments under a two-year “Phase 1” trade deal that expired at the end of 2021, and discussions …

By Yuvraj Malik and Chavi Mehta -Advanced Micro Devices Inc forecast 2022 revenue above expectations on Tuesday, driving its shares up as much as 11% in after-hours trading, as stellar …

– Electric Last Mile Solutions Inc, a maker of battery-powered delivery vehicles, said on Tuesday that its top two executives had resigned following an investigation into their share purchases, sending …

By Noel Randewich – Shares of chipmakers Nvidia Corp, Qualcomm Inc and Micron Technology Inc got a lift in extended trade on Tuesday after Advanced Micro Devices Inc reported strong …

-Match Group Inc softened its full-year revenue forecast on Tuesday as the Tinder owner expects the Omicron COVID-19 variant to continue hindering dates and meet-ups. The impact from the pandemic …

By David Shepardson WASHINGTON – Tesla Inc will recall 53,822 U.S. vehicles with the company’s Full Self-Driving (Beta) software that may allow some models to conduct “rolling stops” and not …

By Katanga Johnson WASHINGTON -Global equity markets wavered on Tuesday as a new month saw investors weigh strong earnings from big-name U.S. companies against mixed economic data and inflation worries. …

By Caroline Valetkevitch NEW YORK -U.S. earnings news has been less impressive this reporting season than in recent quarters, giving some investors another reason to worry after Wall Street’s tumultuous …

By Praveen Paramasivam – Workers at nearly 80 King Soopers, owned by Kroger Co, approved a new three-year contract, the Colorado-based chain said on Tuesday, ending a stalemate that had …

By Deena Beasley -Gilead Sciences Inc on Tuesday posted lower-than-expected fourth-quarter earnings, citing a $1.25 billion legal settlement involving HIV drug patents and a charge related to its collaboration with …

NEW YORK – Latin American stocks outperformed their peers and the developed world in January and some regional currencies are among the strongest against the dollar so far in 2022, …

By Ann Saphir and Howard Schneider -St. Louis Federal Reserve President James Bullard on Tuesday said he favors starting the turn to tighter U.S. monetary policy with successive rate increases …

By Supantha Mukherjee, Helen Coster and Elizabeth Culliford – U.S. podcaster Joe Rogan apologized and pledged more balance on his show amid a backlash against COVID-19 misinformation on the streaming …

WASHINGTON -U.S. Republican senators are urging the Biden administration to close a “loophole” in export controls imposed by former President Donald Trump on China’s top chipmaker, SMIC, which they call …

– Electronic Arts Inc lowered its annual adjusted sales forecast after missing quarterly estimates on Tuesday, as the video game publisher faces the brunt of easing pandemic restrictions and fewer …

By Laura Sanicola -Oil prices ended little changed on Tuesday, as geopolitical tensions and tight global supplies supported the market even as some speculated that OPEC+ might boost supplies more …

By Gertrude Chavez-Dreyfuss NEW YORK -The dollar fell for a second straight session on Tuesday, after hitting a 19-month peak at the end of last week, on weaker-than-expected U.S. economic …