By Joey Roulette and Marisa Taylor WASHINGTON (Reuters) - SpaceX is building a network of hundreds of spy satellites under a classified contract with a U.S. intelligence agency, five sources familiar with the program said, demonstrating deepening ties between billionaire entrepreneur Elon Musk\'s space company and national security agencies. The network is being built by...
(Reuters) -Tesla said on Saturday it would increase the price for its Model Y electric vehicles (EV) in a number of European countries on March 22 by approximately 2,000 euros ($2,177) or the equivalent in local currencies. The move, announced in a post on social media platform X, followed the automaker\'s announcement on Friday that...
By Anirban Sen and Mrinmay Dey (Reuters) -Private equity firm Advent International is in advanced talks to buy Nuvei, a Canadian payments technology company that has received financial backing from actor Ryan Reynolds, a source familiar with the matter told Reuters on Saturday. A deal could be announced soon, said the source, who asked not...
BEIJING (Reuters) - Chinese electric-vehicle (EV) maker Xpeng (NYSE:XPEV) announced plans to launch a cheaper brand, entering a highly competitive segment amid an intense price competition in the EV industry. Models of the brand, to be launched within the next month, will be priced between 100,000 yuan and 150,000 yuan ($14,000-$21,000), Xpeng Chairman and CEO...
-- Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week. Pro subscribers always get first dibs on market-moving AI analyst comments. Upgrade today! Wedbush raises Nvidia PT to $1,000 ahead of GTC An equity analyst at Wedbush, hiked the target price on Nvidia (NASDAQ:NVDA) stock from $850 to...
-- Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Procter & Gamble, Dollar General (NYSE:DG), UiPath (NYSE:PATH) and Thor Industries (NYSE:THO); downgrade for Tesla (NASDAQ:TSLA) Pro subscribers always get first dibs on market-moving rating changes. Procter & Gamble What happened? On Monday, Truist upgraded...
ZURICH (Reuters) - Swiss banking giant UBS will look for merger and acquisitions opportunities in the United States in the years to come, its chairman told the NZZ newspaper on Sunday. UBS, which took over former rival Credit Suisse last June, wants to expand its U.S. wealth-management business through potential M&A in three or four...
(Reuters) - Payments processor Shift4 Payments\' Chief Executive Officer Jared Isaacman said bids from potential contenders have failed to \"sufficiently value\" the company, Bloomberg News reported on Sunday. The board determined that none of the \"multiple offers\" received by Shift4 adequately valued the business or the company\'s future, even though the offers were above its...
By Echo Wang NEW YORK (Reuters) -Reddit\'s initial public offering is currently between four and five times oversubscribed, people familiar with the matter said on Sunday, making it more likely the social media platform will attain the $6.5 billion valuation it seeks. While the oversubscription does not guarantee a strong performance in the stock market...
By Sam Nussey, Fanny Potkin and Miho Uranaka TOKYO (Reuters) - Taiwan\'s TSMC is looking at building advanced packaging capacity in Japan, according to two sources familiar with the matter, a move that would add momentum to Japan\'s efforts to reboot its semiconductor industry. The deliberations are at an early stage, they added, declining to...