EUR/USD could stage a recovery if it manages to flip 0.9880 into support
Business

EUR/USD could stage a recovery if it manages to flip 0.9880 into support

EUR/USD recovered modestly during the European trading hours. The pair needs to reclaim 0.9880 to extend the rebound, FXStreet’s Eren Sengezer reports. The dollar could lose interest in case US stocks rebound “In case Wall Street’s main indexes gain traction after the opening bell, the dollar could deepen its downward correction and allow EUR/USD to… […]

Immunovant shares surge after antibody treatment succeeds in early-stage study
Business

Immunovant shares surge after antibody treatment succeeds in early-stage study

Sept 26 (Reuters) – Shares of Immunovant (IMVT.O) more than doubled on Tuesday after early-stage data from its experimental antibody treatment exceeded analysts’ expectations.The drug developer, whose shares hit a more than two-and-a-half year high of $41.72, was set to add nearly $3 billion to its market capitalization if gains hold.Immunovant is developing its antibody… […]

Ford pauses work on $3.5 billion battery plant in Michigan
Business

Ford pauses work on $3.5 billion battery plant in Michigan

[1/4]Ford Motor Company Chief Executive Bill Ford announces Ford will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan U.S., February 13, 2023. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsSept 25 (Reuters) – Ford Motor (F.N) said on Monday it has paused work… […]

Biden, Trump to woo union workers in Michigan as auto strikes grow
Business

Biden, Trump to woo union workers in Michigan as auto strikes grow

BELLEVILLE, Michigan, Sept 26 (Reuters) – President Joe Biden on Tuesday joined a picket line with striking autoworkers in Michigan, supporting their call for a 40% pay raise and saying they deserve a “lot more” than they are getting.Biden’s appearance, the first visit by a U.S. president to striking workers in modern history, comes a… […]

Antarctic winter sea ice hits record low, sparking climate worries
Business

Antarctic winter sea ice hits record low, sparking climate worries

Sept 25 (Reuters) – Sea ice that packs the ocean around Antarctica hit record low levels this winter, the U.S. National Snow and Ice Data Center (NSIDC) said on Monday, adding to scientists’ fears that the impact of climate change at the southern pole is ramping up.Researchers warn the shift can have dire consequences for… […]

Netflix forecast misses Wall Street consensus, shares drop
Business

Netflix forecast misses Wall Street consensus, shares drop

April 18 (Reuters) – Netflix Inc (NFLX.O) beat Wall Street earnings estimates for the first quarter but offered a lighter-than-expected forecast on Tuesday, demonstrating the challenges the mature streaming service faces in its pursuit of growth.The company said it shifted a wider launch of a plan to crack down on unsanctioned password sharing into the… […]

Analysis: China’s Xpeng takes cues from Tesla for its new EV platform
Business

Analysis: China’s Xpeng takes cues from Tesla for its new EV platform

[1/2] He Xiaopeng, the co-founder, chairman and CEO of XPeng Motors attends a news conference ahead of the Shanghai Auto Show, in Shanghai, China April 16, 2023. REUTERS/Aly SongApril 18 (Reuters) – Chinese electric vehicle maker Xpeng Inc (9868.HK) is the latest manufacturer hoping to save money and speed development and production by shifting to a… […]

Burger King looks to viral jingle to lift sales in choppy economy
Business

Burger King looks to viral jingle to lift sales in choppy economy

NEW YORK, April 18 (Reuters) – Burger King is banking on its viral “Whopper Whopper” jingle to lift sales as part of the flagging fast-food chain’s turnaround plan, as broader economic uncertainty pushed two big franchisees into bankruptcy.The ad, which aired incessantly during National Football League playoffs in January, has drawn younger customers to its… […]

Ford says ‘significant gaps’ remain to reach UAW contract deal
Business

Ford says ‘significant gaps’ remain to reach UAW contract deal

Sept 24 (Reuters) – Ford Motor (F.N) said on Sunday that despite progress in some areas, it still has “significant gaps to close” on key economic issues before it can reach a new labor agreement with the United Auto Workers union.The “issues are interconnected and must work within an overall agreement that supports our mutual… […]