Nov 09, 2023
Vaccine maker Novavax tops revenue estimates, eyes more cost cuts

By Patrick Wingrove and Bhanvi Satija (Reuters) -COVID-19 vaccine maker Novavax on Thursday beat market estimates for quarterly revenue, boosted by U.S. government grants to help cover the expense of clinical trials, and said it was prepared to further cut…

Nov 09, 2023
Mexico inflation still easing but rate cuts seen only next year

(Reuters) - Mexico's inflation eased for the ninth consecutive month in October, data from national statistics agency INEGI showed on Thursday, remaining at its lowest since early 2021 ahead of a key central bank interest rate decision. In Latin America's…

Nov 08, 2023
Rivian raises production target amid broader EV demand fears

By Abhirup Roy and Akash Sriram (Reuters) -Rivian Automotive raised its production forecast for the full year by 2,000 vehicles to 54,000 units on the back of sustained demand for its trucks and SUVs on Tuesday, sending its shares up…

Nov 08, 2023
Fortinet, rivals fall on concerns around cybersecurity spending

By Samrhitha A (Reuters) -Fortinet sank nearly 18% and sparked a selloff in cybersecurity stocks with a dismal forecast that compounded fears of slowing client spending in an uncertain economy. The current losses, if they hold, were set to wipe…

Nov 08, 2023
Why WeWork failed, and what is next

(Reuters) -Flexible workspace provider WeWork sought U.S. bankruptcy protection on Monday, crippled by a large debt pile and soaring losses due to lower demand for office space from cost-conscious customers. WeWork was once the most valuable U.S. startup, worth $47…

Nov 07, 2023
Dollar gains, global shares pare losses as Fed speakers talk policy

By Herbert Lash NEW YORK (Reuters) -The dollar gained and world shares pared losses on Tuesday, as stocks on Wall Street surged and investors assessed Federal Reserve commentary about a too-strong U.S. economy that could require another interest rate hike…

Nov 07, 2023
From prized startup to bankruptcy: WeWork’s tumultuous path

(Reuters) - WeWork, the SoftBank Group-backed startup, sought U.S. bankruptcy protection on Monday after its bets on companies using more of its office-sharing space soured. Below is a timeline of WeWork developments since mid-2019: Aug 2019 WeWork filed for an…

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