Business
Interest in electric vehicles in Canada drops for second year: survey
Interest in electric vehicles (EVs) in Canada is waning, despite manufacturers introducing new models and price segments. According to an annual survey from AutoTrader , Canadians are wary of the limited range of EVs, insufficient charging ...
Raymond James Q2 profit rises on strong capital markets performance
(Reuters) - Raymond James on Wednesday posted a 11% rise in second-quarter adjusted profit, powered by strong performance in its capital markets business on the back of a rebound in mergers and acquisitions. After a two-year dry spell, global ...
China's BYD seeks to redefine luxury for the EV generation
BEIJING (Reuters) - Chinese EV maker BYD will showcase its premium brand's first sedan at the Beijing auto show from Thursday, in a challenge to the likes of Germany's Mercedes-Benz which three years ago pulled out of the brand's development ...
Disappointing Meta forecast pulls down tech peers in extended trade
By Stephen Culp NEW YORK (Reuters) - Disappointing forecasts from Facebook parent Meta Platforms has proven contagious, sparking a sell-off in tech and tech-related stocks in after-hours trading. Meta said it expects increased spending on AI ...
Court revives Whole Foods worker's lawsuit over 'Black Lives Matter' masks
By Jonathan Stempel and Daniel Wiessner (Reuters) - A U.S. appeals court revived a lawsuit accusing Whole Foods of illegally firing a worker who refused to remove her "Black Lives Matter" facemask and complained about racism at the upscale ...
Morning Bid: Japan's FX no-show, Meta plunges
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. The depreciation of Asian currencies against the U.S. dollar, and the steps monetary authorities may take to prevent further weakness, dominate the market landscape across ...
BHP considering potential buyout offer for Anglo American, Bloomberg reports
(Reuters) -Global mining giant BHP Group is considering a potential buyout of British multinational mining company Anglo American Plc, Bloomberg News reported on Thursday, citing people with knowledge of the matter. Deliberations are at an early ...
Microsoft-backed Rubrik prices IPO above range at $32 per share, source says
By Echo Wang NEW YORK (Reuters) - Rubrik, the cybersecurity software startup that counts Microsoft among its investors, priced its initial public offering at $32 per share on Wednesday above its indicated price range, according to a person ...
O'Reilly Automotive's profit misses on higher costs
(Reuters) - Auto parts distributor O'Reilly Automotive missed analysts' estimates for first-quarter profit on Wednesday, hurt by increased costs, sending its shares down more than 3% after the bell. Investments in store expansion and securing ...
United Rentals profit beats expectations on higher equipment demand
(Reuters) - Equipment rental firm United Rentals beat analysts' estimate for first-quarter profit on Wednesday, backed by robust demand across its markets. Shares of the company, which operates across North America and rents out equipment to ...