Instant view: US payrolls rise more than expected in May
NEW YORK (Reuters) - U.S. employment increased more than expected in May, but a moderation in wages could allow the Federal Reserve to skip an interest rate hike this month for…
Business
Meta unveils Quest 3 mixed reality headset ahead of Apple’s VR debut
By Katie Paul NEW YORK (Reuters) - Meta Platforms CEO Mark Zuckerberg on Thursday revealed the company's next generation mixed reality headset, the Quest 3, as the company…
Toyota pledges $2.1 billion more for EV battery plant in North Carolina
(Reuters) - Toyota Motor Corp said on Wednesday it will invest $2.1 billion more in its new U.S. battery plant in North Carolina, as the Japanese automaker deepens efforts to tap…
US seeks to curb investment in Chinese chips, AI and quantum computing
By Karen Freifeld WASHINGTON (Reuters) - New rules under consideration would restrict the flow of U.S. investments and know-how into Chinese companies working on advanced…
Factbox-U.S. debt ceiling deal: Stocks that could benefit
NEW YORK (Reuters) - Here are some stocks that could benefit, according to analysts at U.S. brokerage BTIG, if U.S. lawmakers this week pass a bipartisan deal to raise the $31.4…
Elon Musk kicks off China visit, Tesla expansion in focus
BEIJING (Reuters) -Tesla Chief Executive Elon Musk on Tuesday kicked off a high-stakes visit to China with a meeting with the country's foreign minister in Beijing, marking…
Investors have poured $756 billion into cash funds this year – BofA
LONDON (Reuters) - Investors have poured $756 billion into cash funds this year, Bank of America said in a note on Friday, attracted by juicy yields and driven by concerns about…
Ford, Tesla shares jump over 7% on Superchargers deal
By Shivansh Tiwary and David Shepardson (Reuters) -Ford Motor Co shares jumped by more than 7% on Friday after the No. 2 U.S. automaker announced a deal allowing its…
Cummins engine filter unit valued at $1.8 billion in strong market debut
By Jaiveer Shekhawat and Echo Wang (Reuters) -Atmus Filtration Technologies Inc, the filtration business of U.S. diesel engine maker Cummins Inc, fetched a valuation of $1.8…
Analysis-Investing in AI: how to avoid the hype
By Naomi Rovnick LONDON(Reuters) - Experienced tech investors are hunting for undervalued opportunities in an over-valued space. At stake is how best to invest in the…