Major Tech Company Slams Brakes On Electric Vehicle Efforts As Demand Dries Up Jason Cohen on February 27, 2024 Apple is ditching its decade-long venture to develop an electric car …
Demand
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JERUSALEM (Reuters) – Israeli rape crisis centres called on the United Nations and other international bodies on Wednesday to address what they called the “systematic, targeted sexual abuse” of women …
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(Reuters) -Medical equipment maker Thermo Fisher Scientific forecast annual profit and revenue below Wall Street estimates on Wednesday, signaling that a slump in demand for its services used to make …
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BEIJING (Reuters) -China’s manufacturing activity contracted for the fourth straight month in January, an official factory survey showed on Wednesday, suggesting the sprawling sector and the broader economy were struggling …
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(Reuters) – Stryker Corp forecast 2024 profit above Wall Street estimates on Tuesday, banking on a post-pandemic pick-up in volume for certain surgical procedures at hospitals to drive sales for …
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By Nick Carey and Joseph White (Reuters) – While automakers and suppliers are betting big on future demand for electric vehicles, a near-term global slowdown is causing pain, including bankruptcies, …
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(Reuters) – Sysco missed Wall Street expectations for its second-quarter sales on Tuesday, as demand for custom meat cuts and high-quality seafood petered out in the face of still-high inflation. …
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(Reuters) -Chipmaking tools manufacturer KLA Corp forecast third-quarter revenue below Wall Street estimates on Thursday, signaling sluggish demand in the electronics segment. Shares of the California-based company fell more than …
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By Michal Aleksandrowicz (Reuters) -European chipmaker STMicroelectronics on Thursday forecast a more than 15% drop in first-quarter revenue, well below market expectations, due to softer automotive demand and a further …
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(Reuters) – Wireless tower operator Crown Castle beat Wall Street estimates for annual site rental revenue on Wednesday, driven by steady demand for its communications infrastructure. Shares of the Houston, …
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(Reuters) – Equipment rental firm United Rentals on Wednesday posted a 6.25% rise in fourth-quarter profit, on the back of robust demand for industrial tools. U.S. companies have ramped up …
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By Mrinalika Roy (Reuters) – Kinder Morgan said on Wednesday it continues to have a bullish outlook for natural gas demand banking on higher demand from liquefied natural gas (LNG) …
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(Reuters) – Chipotle Mexican Grill said on Wednesday it is looking to hire 19,000 additional employees to beef up workforce at its restaurants for its busiest time of the year. …
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By Pratima Desai LONDON (Reuters) – The potential for a build-up of tin supplies this year is likely to put pressure on prices, but accelerating demand from the energy transition …
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Oilfield firm Baker Hughes beats profit estimates on international demand, LNG bets
by Reutersby Reuters(Reuters) -U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for fourth-quarter profit on Tuesday, powered by strong demand for its services and equipment from LNG producers, as well …
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PACCAR beats quarterly profit, revenue estimates on demand for newer truck models
by Reutersby Reuters(Reuters) – PACCAR Inc beat estimates for fourth-quarter profit and revenue estimates on Tuesday, on sustained demand for its fuel-efficient truck models. Shares of the U.S. truck maker were up …
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FRANKFURT (Reuters) -Euro zone banks expect a small rebound in the demand for mortgages and corporate loans for the first time in two years as a slump in lending shows …
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Super Micro Computer shares surge as AI server demand powers big forecast raise
by Reutersby ReutersBy Akash Sriram (Reuters) – Shares of Super Micro Computer jumped about 25% to a record high on Friday after the company projected quarterly results well above its current estimates …
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By Alien Fernandez and Dave Sherwood HAVANA (Reuters) – Cuban Elda William, a 60-year old former psychologist, had been making ends meet selling cellphone plans – until a sewage pipe …
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By Caroline Valetkevitch NEW YORK (Reuters) – An index of semiconductor stocks was up more than 2% on Thursday and chip stocks were helping the broader market after Taiwan Semiconductor …
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Lufthansa pulling flight capacity from other countries to meet booming India demand
by Reutersby ReutersBy Aditi Shah HYDERABAD, India (Reuters) – Lufthansa is pulling flight capacity from other countries to meet booming travel demand in India, which is now the German airline’s fastest-growing major …
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(Reuters) – Fastenal surpassed fourth-quarter profit and revenue estimates on Thursday, as higher demand from manufacturers for its onsite products boosted sales of its products, such as safety gloves, power …
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(Reuters) -Credit data firm Experian posted a 9% rise in third-quarter revenue on Tuesday, powered by strong demand for its new products and business wins, especially in the Latin America …
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TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd is expected to report a 23% drop in fourth-quarter profit on Thursday, but analysts predict better growth this year on the back …
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By Scott DiSavino (Reuters) – Frigid weather moving into the central U.S. will boost natural gas demand to record highs early next week, according to analysts forecasts, putting power and …