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Morgan Stanley seeks investors for a $5 billion debt sale of Musk startup, xAI
According to reports, Morgan Stanley is seeking investors for a $5 billion debt sale of xAI. The AI startup has...
Tesla shares climb as Trump-Musk tensions ease
Today, Tesla shares have rebounded from yesterday's sharp losses after a heated exchange between CEO Elon Musk and U.S. President...
Lululemon cuts full-year earnings guidance, citing ‘dynamic macroenvironment’.
Activewear brand Lululemon has revealed that it was forced to reduce its full-year earnings guidance due to a "dynamic macroenvironment"....
Mercedes-Benz CEO says the company plays a key role in EU and U.S. negotiations
Speaking to the German media today, Mercedes-Benz CEO Ola Kaellenius stated that his company considers itself a "sounding board" that...
BYD warned over EV price war
China's Ministry of Industry and Information Technology has summoned the leaders from more than a dozen major electric vehicle makers,...
Procter & Gamble to cut 6% of its total workforce
Today, Procter & Gamble announced that it is reducing its workforce by 7,000 jobs. The 6% cut to its total...
The Federal Reserve lifts Wells Fargo’s asset cap after seven years
Today, the U.S. Federal Reserve lifted a longstanding cap on Wells Fargo's assets, which had prevented the firm from growing...
The latest jobs report indicates a stable labor market
According to the latest jobs report from the Bureau of Labor Statistics, the number of available jobs in the US...
Elon Musk projects SpaceX revenue to reach $15.5 billion
SpaceX CEO Elon Musk has announced that he expects his company to earn $15.5 billion by the end of 2025....
Toyota makes $33 billion buyout bid to key supplier
Today, Toyota Motor announced its plans to take forklift manufacturer Toyota Industries private in a deal valued at $33 billion. In...
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