Disney, other US companies offer abortion travel benefit after Roe decision

Disney, other US companies offer abortion travel benefit after Roe decision

NEW YORK, June 24 (Reuters) – US companies including Walt Disney Co (DIS.N) and Facebook parent Meta Platforms Inc (META.O) said on Friday they will cover employees’ expenses if they have to travel for abortion services after the US Supreme Court overturned Roe v Wade. The US Supreme Court on Friday overturned the landmark 1973 … Read more

Anticipating US downturn, Elon Musk details Tesla staff cuts

Anticipating US downturn, Elon Musk details Tesla staff cuts

DOHA, June 21 (Reuters) – Elon Musk, CEO of Tesla (TSLA.O), said a 10% cut in salaried staff at the electric car maker will happen over three months, as the world’s richest man predicted a US recession was more likely than not. His remarks were his most detailed explanation of job cut plans and his … Read more

Biggest rail strike in 30 years brings UK to standstill

Biggest rail strike in 30 years brings UK to standstill

More than 40,000 rail workers set to strike Government under pressure over cost-of-living crisis Unions say strike may start ‘summer of discontent’ LONDON, June 21 (Reuters) – Britain’s biggest rail strike in 30 years kicked off on Tuesday as tens of thousands of staff walked out in a dispute over pay and jobs that could … Read more

Fed’s Waller backs another big rate hike for ‘all in’ inflation fight

Fed's Waller backs another big rate hike for 'all in' inflation fight

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, DC, US, June 14, 2022. REUTERS/Sarah Silbiger Register now for FREE unlimited access to Reuters.com Register June 18 (Reuters) – Federal Reserve Governor Christopher Waller on Saturday became the latest US central banker to pledge a whatever-it-takes approach to fighting … Read more

Elon Musk’s SpaceX fires at least five over critical letter

Elon Musk's SpaceX fires at least five over critical letter

SpaceX founder and CEO Elon Musk arrives to see off the Inspiration 4 crew, the first all-civilian crew to be sent into orbit, before they head to the SpaceX Falcon 9 rocket on Pad 39A at the Kennedy Space Center in Cape Canaveral, US, September 15, 2021. REUTERS/Joe Skipper/File Photo Register now for FREE unlimited … Read more

SpaceX employees denounce CEO Musk as “distraction” – letter

SpaceX employees denounce CEO Musk as "distraction" - letter

Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register Orlando, Fla., June 16 (Reuters) – A group of SpaceX employees derided flamboyant billionaire Chief Executive Officer Elon Musk as a … Read more

South Korea strike disrupts shipments of key cleaning agent for chipmaking

South Korea strike disrupts shipments of key cleaning agent for chipmaking

Union, government to set to resume talks Cargoes of petrochemical materials still blocked Shipments of soju liquor down to 60% of normal SEOUL, June 14 (Reuters) – A nationwide strike by truck drivers in South Korea has disrupted shipments to China of a key cleaning agent used by makers of semiconductor chips, the Korean International … Read more

Tesla to seek investor approval for 3-for-1 stock split

Tesla to seek investor approval for 3-for-1 stock split

The logo of Tesla is seen in Taipei, Taiwan August 11, 2017. REUTERS/Tyrone Siu Register now for FREE unlimited access to Reuters.com Register June 10 (Reuters) – Electric vehicle maker Tesla Inc (TSLA.O) on Friday proposed a three-to-one stock split, making its shares more affordable following recent sell-offs of the most valuable automaker. The company … Read more

Tesla’s China output decline trending deeper than Musk forecast, data and internal memos show

Tesla's China output decline trending deeper than Musk forecast, data and internal memos show

A Tesla sign is seen at its factory in Shanghai, China, May 13, 2021. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SHANGHAI, June 9 (Reuters) – Production at Tesla Inc’s (TSLA.O) Shanghai factory is on track to fall by over a third this quarter from the first three months of the … Read more

US retailers cut prices but services keep inflation hot

US retailers cut prices but services keep inflation hot

WASHINGTON, June 9 (Reuters) – Major US retailers like Target Corp (TGT.N) and Walmart Inc (WMT.N)have been cutting prices to clear overstocked warehouses, but hotel revenue is pouring in as daily room rates and occupancy have broken above pre-pandemic levels. Used car prices are no longer surging at the chart-topping pace that drove an initial … Read more