By Akash Sriram(Reuters) - Tesla (NASDAQ:TSLA) investors will be eager to ask CEO Elon Musk two pressing questions when the electric vehicle maker reports results on Tuesday: when will the affordable vehicle launch, and is the robotaxi plan on schedule?Wall Street has pinned its hopes on a cheaper car - promised by the end of the first half of this year - to revitalize drooping Tesla sales that ha ...
By David French(Reuters) -Phillips 66 is arguing that Elliott Investment Management should back down from its push to break up the energy company because the activist investor is conflicted from a separate effort to acquire one of Phillips 66 (NYSE:PSX)’s rivals, according to a letter seen by Reuters.The salvo from Phillips 66, which is expected to be revealed in a letter later on Monday, is the ...
By Allison Lampert and Dan CatchpoleSEATTLE (Reuters) -Boeing has secured new stocks of specialized nuts and bolts that hold together its top-selling commercial jet, two industry sources told Reuters, avoiding for now any slowdown in U.S. plane production due to a fire at a key supplier’s factory.Boeing (NYSE:BA) had been running low on specific fasteners used to attach the landing gear on its 7 ...
Investing.com -- As U.S. consumers pour more than $1.5 trillion annually into packaged food, drinks, and household essentials, retailers like Walmart (NYSE:WMT) and Costco (NASDAQ:COST) are emerging as the biggest winners, Bernstein said.The brokerage said a long-running power shift is playing out between consumer goods manufacturers and retailers, with the balance steadily tilting in favour ...