Cash-Strapped US Farmers Switch to Generic Crop Chemicals, in Blow to Big Manufacturers
Nov. 14 By P.J. Huffstutter and Heather Schlitz U.S. farmers struggling with slumping incomes and depressed grain prices have been switching to cheaper generic pesticides and fungicides as they plan for spring planting next year, which market analysts said could hit the bottom lines of…
Exclusive-China Battery Giant CATL Would Build US Plant if Trump Allows It
Nov. 13 By Zhang Yan and Kevin Krolicki CATL, the world’s top battery maker, will consider building a U.S. plant if President-elect Donald Trump opens the door to Chinese investment in the electric-vehicle supply chain, the company’s founder and chairman, Robin Zeng, told Reuters. “Originally,…
Record-Breaking Bitcoin Rally Nears $90,000 on Trump Boost
Nov. 11 By Tom Westbrook Bitcoin stood on the verge of $90,000 on Tuesday, riding a wave of euphoria since the election of Donald Trump as U.S. president on expectations his administration will be crypto friendly. The world’s biggest cryptocurrency has become one of the…
Analysis-US Farmers Back Trump but Face Pain From China Tariff Threats
Nov. 7 By Tom Polansek U.S. farmers want something from President-elect Donald Trump that his trade policies mean he is unlikely to deliver: increased access to the market of top soy-importer China. Trump’s Republican party enjoys wide support across the U.S. farm belt, where he…
Wall Street notches record closing highs on cooler inflation data
June 14 By Stephen Culp The Nasdaq and the S&P 500 recorded their fourth consecutive record closing highs on Thursday and U.S. Treasury yields touched their lowest levels since early April as investors reconciled cooler-than-expected inflation data with tempered rate-cut expectations from the Federal Reserve….
European Dairy, Pork Producers Wary of Chinese Retaliation for EV Tariffs
June 12 By Casey Hall, Lucy Craymer and Mei Mei Chu Global food companies from dairy producers to pork exporters are on high alert for potential retaliatory tariffs from China following the European Union’s decision on Wednesday to impose anti-subsidy duties on Chinese-made EVs. China’s…
Chrysler to Recall More Than 211,000 Vehicles in US Due to Software Malfunction, NHTSA Says
June 8 By Jahnavi Nidumolu Chrysler is recalling more than 211,000 vehicles in the United States due to a software malfunction that could disable the electronic stability control system, the National Highway Traffic Safety Administration (NHTSA) said on Saturday. Due to the malfunction, the Anti-Lock…
Tesla Objects to $5.6 Billion Payout for Lawyers Who Voided Musk’s Pay
June 7 By Tom Hals The legal team that voided Elon Musk’s record Tesla pay package deserves a tiny fraction of the $5.6 billion legal fee they requested because their lawsuit provided almost no benefit for the company, the electric automaker argued in court papers…
Facing Chinese EV rivals, Europe’s automakers squeeze suppliers on costs
Feb. 25 By Nick Carey (Reuters) – Europe’s automakers and their already-stretched suppliers face a tough year as they race to cut costs for electric models to counter leaner Chinese rivals which are bringing cheaper vehicles to challenge them on their home turf. A big…
Rivian, Lucid’s 2024 Production Targets Disappoint as EV Demand Wanes
Feb. 21 By Akash Sriram and Abhirup Roy (Reuters) -Electric vehicle startups Rivian and Lucid forecast 2024 production well below analyst estimates on Wednesday as persistently high borrowing costs keep consumers from buying relatively pricier battery-powered cars. Amazon.com-backed Rivian also said it would cut its…