By Niket Nishant (Reuters) -Carlyle-backed StandardAero racked up a $10.38 billion valuation after its shares opened 29% above the offer price in their NYSE debut on Wednesday, as investors bought into what could be one of the last major U.S. listings of the year. The aircraft maintenance services provider had priced its offering above range…
By Doyinsola Oladipo NEW YORK (Reuters) -President Joe Biden’s administration heaped pressure on U.S. port employers to raise their offer to secure a labor deal with dockworkers, whose strike entered a second day on Wednesday, choking half the country’s ocean shipping. The strike by the International Longshoremen’s Association union has blocked goods from food to…
By Will Dunham WASHINGTON (Reuters) – Barnard’s star is a red dwarf, the smallest type of regular star and much smaller and less luminous than our sun. At about 6 light years away, it is the closest single star – one not orbiting with other stars – to our solar system. It is, in cosmic…
By Krystal Hu (Reuters) -OpenAI, the company behind ChatGPT, has raised $6.6 billion from investors, which could value the company at $157 billion and cement its position as one of the most valuable private companies in the world. The funding has attracted returning venture capital investors including Thrive Capital and Khosla Ventures, as well as…
By Philip Blenkinsop BRUSSELS (Reuters) -France, Greece, Italy and Poland will vote on Friday for tariffs of up to 45% on imports of electric vehicles (EVs) made in China, officials and sources said, enough to get the European Union proposal passed in a move likely to increase trade tensions with Beijing. The European Commission, which…
By Philip Blenkinsop BRUSSELS (Reuters) -France, Greece, Italy and Poland will vote on Friday for tariffs of up to 45% on imports of electric vehicles (EVs) made in China, officials and sources said, enough to get the European Union proposal passed in a move likely to increase trade tensions with Beijing. The European Commission, which…
By Nora Eckert and Ben Klayman DETROIT (Reuters) -General Motors will assure investors next Tuesday that there is no need to panic about decelerating demand for electric vehicles and the U.S. automaker could even improve its profits in 2025, according to two people familiar with the plans. The message at the company’s investor day is…
By Akash Sriram (Reuters) -Tesla handed over fewer vehicles than analysts expected in the third quarter as stiff competition in China and Europe hit demand for its aging models, putting the electric-vehicle maker at risk of its first-ever decline in annual deliveries. Shares of the world’s most valuable automaker fell more than 6% in morning…
WASHINGTON (Reuters) – The U.S. Commerce Department said Wednesday it plans to award $100 million to boost the use of artificial intelligence in developing new sustainable semiconductor materials. The department, which is overseeing $52.7 billion in U.S. chips manufacturing and research grants, plans to award $100 million to help universities, national laboratories and the private…
