TipsForTraders

Toyota’s Camry, best-selling car in US, goes all-hybrid

reuters | November 15, 2023

By Joseph White DETROIT (Reuters) – The next generation of the Toyota Camry, the best-selling sedan in the U.S. market, will come with only a gas-electric hybrid powertrain, the boldest move yet by the Japanese automaker to push hybrid technology into the heart of the U.S. market. The 2025 Camry will combine a 2.5-liter gasoline […]

Rivian signs agreements with Georgia to start building EV factory (Nov 13)

reuters | November 14, 2023

(Reuters) – (This Nov. 13 story has been corrected throughout to remove the reference to Rivian’s plans to raise nearly $15 bln in debt for an EV plant in Georgia and instead to say that the company has signed an agreement with the state that will allow it to start building a planned EV factory) […]

Cryptoverse: Bitcoin miners make money ahead of ‘halving’

reuters | November 14, 2023

By Medha Singh and Lisa Pauline Mattackal (Reuters) – Bitcoin miners are making hay while the sun shines. The business has been yanked out of the doldrums by the cryptocurrency’s recent rally – and now mining companies are racing to lock in profits before bitcoin’s “halving”, when rewards for producing the tokens are cut in […]

Wegovy’s heart benefits due to more than weight loss, Novo says

reuters | November 13, 2023

By Patrick Wingrove PHILADELPHIA (Reuters) -Novo Nordisk on Saturday said the heart protective benefits of its wildly popular Wegovy obesity treatment are due to more than weight loss alone, according to new data presented at a major medical meeting on Saturday. Early data from the Danish drugmaker’s Select trial released in August demonstrated that Wegovy, […]

OpenAI investors see more startup opportunities despite ChatGPT expansion

reuters | November 10, 2023

(This Nov. 9 story has been corrected to say Avery Klemmer is an investor, not a partner, in paragraph 7) By Krystal Hu (Reuters) – OpenAI’s announcement on artificial intelligence “apps” do not spell the death knell for nascent startups building AI products, two OpenAI investors said at a Reuters NEXT conference on Thursday. Investors […]

Silvergate’s deepening crisis jolts crypto stocks

reuters | March 6, 2023

By Manya Saini (Reuters) – Shares of Silvergate Capital Corp fell 10% in early trading on Monday after the bank suspended its crypto payments network and expressed doubts over the viability of its business. The crypto-focused bank said late on Friday that it had made a “risk-based decision” to discontinue the Silvergate Exchange Network (SEN) […]

AI stocks surge as investors bet on growth prospects

reuters | March 3, 2023

(Reuters) -Shares of artificial intelligence-based (AI) product makers zoomed on Friday, as a strong forecast from retail darling C3.ai Inc amplified an ongoing euphoria in the segment driven by the launch of OpenAI’s ChatGPT. C3.a1 forecast better-than-expected revenue and profit for both the fourth quarter and fiscal year 2023, after its third-quarter results topped Wall […]

EV Maker Polestar’s Q4 Loss Narrows, Won’t Engage in Price Wars

reuters | March 2, 2023

By Marie Mannes (Reuters) – Electric vehicle (EV) maker Polestar on Thursday posted a smaller quarterly loss, maintained its 2023 production outlook and said it would not engage in price wars while weakening demand has forced some rivals to scale back output. This year is proving to be a tough one for EV makers, as […]

Lockheed’s HIMARS Plant Gearing Up to Meet Demand After Ukraine Success

reuters | February 28, 2023

By Mike Stone CAMDEN, Arkansas (Reuters) – Lockheed Martin’s mobile rocket launcher plant in Camden, Arkansas is gearing up to boost production of the HIMARS system after its success on the battlefield in Ukraine drove up demand from other nations, executives said on Monday. The High Mobility Artillery Rocket System (HIMARS) is now a widely […]

Cryptoverse: Bitcoin moves towards Satoshi’s payment dream

reuters | February 28, 2023

By Medha Singh and Lisa Pauline Mattackal (Reuters) – Satoshi Nakamoto would be proud. Adolescent bitcoin may finally be repaying its creator’s faith. The 15-year-old cryptocurrency has filled many roles – from source of speculation to hedge against inflation – but has struggled to find a clear identity. Now there are growing signs it’s edging […]

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