(Reuters) -Constellation Brands raised its annual profit target on Thursday after higher prices and strong demand for its beers and spirits drove a sales and profit beat in the second quarter. Alcohol producers such as Constellation and peer Brown-Forman have…
(Reuters) -Luxury electric-vehicle maker Lucid Group on Thursday launched a cheaper, rear-wheel drive version of the Air Pure sedan starting at $77,400, as it looks to stoke demand. Higher borrowing costs have hit sales of electric vehicles over the last…
By Ahmed Eljechtimi MARRAKECH, Morocco (Reuters) - Moroccans living just an hour from where the global financial elite will gather for IMF and World Bank meetings next week are homeless and destitute after last month's deadly earthquake, camping amid the…
By Paul Lienert (Reuters) - German automaker Porsche and investor UP.Partners have launched Sensigo, a California-based startup using artificial intelligence to enable vehicle service technicians to diagnose, resolve and eventually predict repair issues. Sensigo said its AI-powered service platform and…
(Reuters) -Vietnamese electric-vehicle (EV) maker VinFast on Thursday reported a 159% rise in third-quarter revenue as it ramped up car deliveries and sought to boost sales by partnering with dealers in the United States. In the filing, VinFast also said…
By Saqib Iqbal Ahmed NEW YORK (Reuters) - Surging U.S. real yields are aiding the dollar's rebound, rewarding bullish investors while making bears think twice before betting against the buck. The real yield on U.S. 10-year Treasuries - which measure…
By Ahmed Aboulenein and Steve Gorman WASHINGTON (Reuters) -Kaiser Permanente and union negotiators for 75,000 striking medical workers suspended a marathon round of contract talks without a settlement on Wednesday, the two sides said, hours after the largest such walkout…
By Joseph White and David Shepardson DETROIT (Reuters) - Negotiators for the United Auto Workers and Ford Motor have narrowed their differences on pay increases after a new offer from the automaker amid "really active" talks, people familiar with the…
By Alun John and Naomi Rovnick LONDON (Reuters) -A broad selloff in world government bonds on Wednesday drove up U.S. 30-year Treasury yields to 5% for the first time since 2007 and German 10-year yields to 3%, moves that could…
By Dominique Vidalon PARIS (Reuters) - Shares in French retailer Casino were suspended on Wednesday pending a statement, boosting speculation a final debt restructuring deal with creditors led by Czech billionaire Daniel Kretinsky to avert bankruptcy could be imminent. In…
