TOKYO (Reuters) – Toyota Motor’s April global sales and production fell from a year earlier, hurt by an intense price war in China and a decline in Japan after a production stoppage of some models and a safety test scandal at its small car unit. Global sales fell 0.5% in April, as a 27% slump…
By Anna Tong and Krystal Hu (Reuters) – Magic, a U.S. startup developing artificial-intelligence models to write software, is in talks to raise over $200 million in a funding round valuing it at $1.5 billion, just several months after its last capital raise, three sources told Reuters. Investors including Jane Street are expected to participate…
By Nidal al-Mughrabi CAIRO (Reuters) – With a renewed ceasefire push in the eight-month-old Gaza war stalled, Israel bombarded central and southern areas again on Friday, killing at least 28 Palestinians, and tank forces advanced to the western edges of Rafah. U.S.-backed Qatari and Egyptian mediators have tried again this week to reconcile clashing demands…
NEW YORK (Reuters) – Donald Trump became the first U.S. president to be convicted of a crime on Thursday when a New York jury found him guilty of falsifying documents to cover up a payment to silence a porn star ahead of the 2016 election. After deliberations over two days, the 12-member jury announced it…
By Jonathan Stempel NEW YORK (Reuters) – New York Attorney General Letitia James said on Friday her office has recovered $50 million from the cryptocurrency platform Gemini Trust to repay investors defrauded in its Gemini Earn program. James said Gemini, run by billionaire twin brothers Cameron and Tyler Winklevoss, will provide full recoveries to more…
By Harry Robertson LONDON (Reuters) -European shares and U.S. stock futures rebounded on Friday as markets stabilised after a week in which global equities have tumbled almost 2%, while the dollar regained ground against the yen. There was little major reaction to data showing the U.S. personal consumption expenditures index, the Federal Reserve’s preferred measure…
By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration said on Monday it is requiring inspections of 2,600 Boeing 737 airplanes because passenger oxygen masks could fail during an emergency. The FAA said it was requiring the inspections of 737 MAX and NG airplanes after multiple reports of passenger service unit oxygen generators shifting out…
(Reuters) -Spirit Airlines on Tuesday cut its revenue outlook for the second quarter, citing lower-than-expected non-ticket revenue, sending its shares down more than 6% in extended trading. The company now projects quarterly revenue to be $1.28 billion, compared with its earlier estimate of between $1.32 billion and $1.34 billion, the ultra-low-cost carrier said in a…
By Ankika Biswas, Lisa Pauline Mattackal and Carolina Mandl (Reuters) -Major U.S. stock indexes closed with modest gains on Wednesday after a choppy trading session, with investors holding their cards close to the vest ahead of a presidential debate and an inflation report closely watched by Federal Reserve policy makers. “We’re in this kind of…
(Reuters) – U.S. technology firm Apple has become the first brand to cross $1 trillion in brand value, a 15% jump from last year, a global ranking by Kantar’s BrandZ showed on Wednesday. The iPhone maker retained its crown as the world’s most valuable brand for the third straight year in 2024, followed by Alphabet’s…
