fails
By Dave Sherwood, Marianna Parraga HAVANA/HOUSTON (Reuters) -Cuba’s national electrical grid shut down on Friday after one of the island’s major power plants failed, Cuba’s energy ministry said, plunging the entire country into a blackout. The Communist-run government earlier in the day closed schools and non-essential industry and sent most…
Tesla’s “We, Robot” event left analysts with more questions than answers.Wall Street was broadly disappointed by the lack of detail, and skeptical of Elon Musk’s timeframes.The EV maker’s stock dropped as much as 7% in premarket trading on Friday. Elon Musk’s “We, Robot” event on Thursday night failed to impress…
By Giulio Piovaccari MILAN/LONDON (Reuters) -Shares in French-Italian automaker Stellantis (NYSE:) resumed their decline on Friday after the carmaker said CEO Carlos Tavares would retire in 2026 and announced wide management changes which failed to lift sentiment. The moves came after the owner of brands including Peugeot (OTC:), Fiat, Jeep…
By Akash Sriram and Arsheeya Bajwa (Reuters) -Broadcom’s shares closed down 10% on Friday after the chipmaker’s tepid revenue forecast spooked investors betting on robust demand for AI chips to drive strong growth. Chipmakers are bearing the brunt of Wall Street’s lofty expectations after a months-long rally in shares of…
Boeing’s bad year isn’t over yet.According to the Federal Aviation Administration, an Alaska Airlines-operated Boeing 737-700 was forced to turn around on Sunday after one of its engines failed midair.The government agency said the Oakland-bound plane departed Seattle-Tacoma International Airport on Sunday afternoon but soon had to turn back after the…
By Nia Williams (Reuters) – The Trans Mountain oil pipeline expansion (TMX) was meant to shrink the discount on Canadian oil versus but three months in the differential is wider than when commercial operations on the project started. Many analysts had forecast the differential on Western Canada Select (WCS) versus…
