Ark adds $171 million Tesla shares as short bets on ETF soar

2/2 © Reuters. Logo of Tesla is seen at a branch office in Bern 2/2 By Thyagaraju Adinarayan LONDON (Reuters) – Cathie Wood’s Ark Invest funds bought a further $ 171 million of Tesla (NASDAQ:) shares on Tuesday, the fund group said on Wednesday, after the electric carmaker’s stock fell sharply and closed below $ […]

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Pfizer to ship 13 million COVID-19 vaccine doses per week to U.S. by mid-March, says executive

© Reuters. FILE PHOTO: A woman holds a small bottle labeled with a ‘Coronavirus COVID-19 Vaccine’ sticker and a medical syringe in front of displayed Pfizer logo in this illustration By Carl O’Donnell (Reuters) – Pfizer Inc (NYSE:) expects to deliver more than 13 million doses of its COVID-19 vaccine per week to the United […]

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Valentino is sued for $207 million after shutting Manhattan boutique over pandemic

© Reuters. Designer Valentino shoes are seen on display at the Nordstrom flagship store is seen during a media preview in New York By Jonathan Stempel NEW YORK (Reuters) – Valentino SpA was sued on Friday for $ 207.1 million by the landlord of its former American flagship on Manhattan’s Fifth Avenue, which said the […]

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White House launches clean energy effort, $100 million in technology funding

2/2 © Reuters. FILE PHOTO: Solar panels are seen on a parking garage in Palm Springs 2/2 By Valerie Volcovici WASHINGTON (Reuters) – The Biden administration on Thursday announced the U.S. Department of Energy will offer $ 100 million in funding to support low-carbon energy technologies and create a working group to aid their development […]

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Biden’s immense economic challenge: Putting 10 million people back to work

2/2 © Reuters. Job seekers prepare for career fair to open at Rutgers University in New Brunswick, New Jersey 2/2 By Jonnelle Marte (Reuters) – President Joe Biden pushed for more fiscal support Friday to address one of the greatest challenges created by the COVID-19 pandemic – how to get millions of out-of-work Americans back […]

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Ford to recall 3 million vehicles for air bags at $610 million cost

© Reuters. FILE PHOTO: Ford Motor Co’s logo pictured in 2019 By David Shepardson WASHINGTON (Reuters) – Ford Motor (NYSE:) Co said on Thursday it will recall 3 million vehicles for air bag inflators that could rupture, at a cost of $ 610 million. The National Highway Traffic Safety Administration on Tuesday ordered Ford to […]

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U.S. agency orders Ford to recall 3 million vehicles over air bags

2/2 © Reuters. FILE PHOTO: Ford Motor Co’s logo pictured in 2019 2/2 By David Shepardson WASHINGTON (Reuters) – The U.S. auto safety regulator said on Tuesday it would require Ford Motor (NYSE:) Co to recall 3 million vehicles with potentially defective Takata air bags, rejecting a bid by the second-largest U.S. automaker to avoid […]

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Honda recalling 1.4 million U.S. vehicles

© Reuters. FILE PHOTO: The Honda logo displayed at theGeneva International Motor Show in Geneva WASHINGTON (Reuters) – Honda Motor Co said Tuesday it is recalling 1.4 million U.S. vehicles in four separate campaigns, including some linked to reported fires. The Japanese automaker said one recall covers 268,000 2002-2006 model year CR-V vehicles to replace […]

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Canada adds extra C$691 million to agriculture sector, cuts timeline for dairy farmers’ aid

2/2 © Reuters. Dairy workers maintain a farm in Carrying Place 2/2 (Reuters) – Canada’s government said on Saturday it will pump an additional C$ 691 million ($ 531.87 million) to support the country’s dairy, poultry and egg farmers, and also reduced the timeline for payment promised to dairy farmers last year. Agriculture Minister Marie-Claude […]

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Hyundai, Kia agree to $210 million U.S. auto safety civil penalty

2/2 © Reuters. FILE PHOTO: Cars for sale are seen at Hyundai of Serramonte in Colma, California 2/2 By David Shepardson WASHINGTON (Reuters) – Hyundai Motor Co and Kia Motors’ U.S. units on Friday agreed to a record $ 210 million civil penalty after U.S. auto safety regulators said they failed to recall 1.6 million […]

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