Stocks News

By Joey Roulette WASHINGTON (Reuters) – Demand for sending satellites into space remains strong, but U.S. rocket startups are taking drastic measures to survive a tight funding environment where fears have been exacerbated by the bankruptcy of Virgin Orbit.

China GDP numbers for Q1 eased fears of a snail’s pace economic recovery, delivering support to riskier assets and commodity currencies.

SHANGHAI (Reuters) – Germany’s Volkswagen AG said on Tuesday it plans to introduce 10 more electric vehicle (EV) models by 2026 and it remained committed to China, where established foreign brands are losing ground to nimble local rivals.

SHANGHAI (Reuters) – Chinese electric vehicle makers should brace for the possibility of protectionist policies being leveled against them by foreign governments as they seize on their cost advantages to expand exports, the founder of Chinese EV maker Nio said.

By Steve Scherer OTTAWA (Reuters) – Prime Minister Justin Trudeau on Monday accused his Conservative rival Pierre Poilievre of enlisting U.S. billionaires to attack Canada’s public broadcaster, after Poilievre prodded Twitter owner Elon Musk to label the CBC “government-funded”.

SHANGHAI (Reuters) – Premium electric vehicle (EV) maker Polestar, founded by Volvo and Zhejiang Geely Holding Group, said on Tuesday it expects production of its Polestar 4 to begin later this year in Hangzhou Bay.

By Lisa Baertlein LOS ANGELES (Reuters) – United Parcel Service and the International Brotherhood of Teamsters union will on Monday start U.S. private sector labor contract talks covering roughly 340,000 U.S. drivers, package handlers and loaders at the global delivery firm.

LONDON (Reuters) – Glencore executives have met around 120 Teck Resources shareholders during a short visit to Toronto in an effort to gain support for the company’s bid rather than an internal overhaul, a source familiar with the situation said.

By Hilary Russ NEW YORK (Reuters) – McDonald’s is toasting buns and melting cheese to improve the quality of its Big Mac and other burgers as it looks to boost sales.

WASHINGTON (Reuters) – Nine more U.S. states on Monday joined a civil antitrust lawsuit filed earlier by the Justice Department against Alphabet Inc’s Google for allegedly monopolizing multiple digital advertising technology products, the department said.

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever.

NEW YORK (Reuters) – Apple Inc is seeking to attract U.S. savers with a new high-yield deposit account it announced on Monday with partner Goldman Sachs Group Inc amid increased competition among financial institutions for consumer dollars.

SANTIAGO (Reuters) – Aurubis AG, Europe’s largest copper smelter and producer, no longer buys the red metal from Russia after it let supply contracts lapse, its CEO told Reuters on Monday.

(Reuters) – J.B. Hunt Transport Services Inc reported lower-than-expected quarterly earnings on Monday, hurt by weak shipping demand, high driver wages and maintenance expenses.

By Blake Brittain (Reuters) – Grunge music pioneers Soundgarden and Vicky Cornell, the widow of lead singer Chris Cornell, have settled a legal dispute over the late singer’s unreleased recordings, according to a joint post from their Instagram accounts on Monday.

(Reuters) – Asset manager BlackRock Inc plans to start sale of securities of the banks that collapsed in March, Bloomberg News reported on Monday citing emails.

By Wayne Cole SYDNEY (Reuters) – Asian stocks opened cautiously on Monday as U.S. earnings season gets into full swing, while a raft of Chinese data will offer insight into how the world’s second-largest economy is recovering.

By Jody Godoy and Helen Coster (Reuters) – Fox Corp shareholders are demanding company records that may show whether directors and executives properly oversaw Fox News’ coverage of former President Donald Trump’s election-rigging claims, sources told Reuters, in what could be a prelude to lawsuits seeking

By David Randall NEW YORK (Reuters) – Investors are awaiting earnings reports from consumer discretionary companies in coming weeks for a read on how the U.S. economy is faring amid persistently high inflation and the Federal Reserve’s most aggressive rate hiking cycle since the 1980s.

(Reuters) – Charles Schwab Corp beat first-quarter profit estimates as rate hikes by the Federal Reserve boosted the financial services provider’s interest income, even as it struggled with a decline in deposits from the U.S. banking crisis last month.