Uncategorized – Page 249 – I wish I had more to offer

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WASHINGTON, Feb 23 (Reuters) – Top U.S. banking regulators issued a fresh warning to banks to be on guard for any liquidity risks from cryptocurrency-related clients, cautioning some of their deposits could prove volatile. In a joint statement issued Thursday, the Federal Reserve, Federal Deposit Insurance Corporation, and the Office of the Comptroller of the… Continue reading Untitled

GM to idle Indiana truck plant for two weeks as demand plateaus, article with image

Feb 23 (Reuters) – General Motors (GM.N) said on Thursday it will halt production at its Fort Wayne Assembly truck plant in Indiana for two weeks from March 27 as inventory starts to outweigh demand with the easing of supply-chain snags. Shares of the U.S. automaker fell 1.3% in early trade. After two years of… Continue reading GM to idle Indiana truck plant for two weeks as demand plateaus, article with image

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Technologycategory

EV maker Nikola misses revenue target, sees higher deliveries in 2023, article with image

Feb 23 (Reuters) – Nikola Corp (NKLA.O) on Thursday outlined plans to boost deliveries and reduce costs in 2023, after the electric-truck maker missed quarterly revenue targets by a wide margin due to weak deliveries. The automaker produced 133 trucks and delivered just 20 vehicles to dealerships in the fourth quarter, as companies dialed back… Continue reading EV maker Nikola misses revenue target, sees higher deliveries in 2023, article with image

Electric-truck maker Lordstown pauses production, deliveries, article with image

Feb 23 (Reuters) – Electric-truck maker Lordstown Motors Corp (RIDE.O) said on Thursday it would temporarily stop production and deliveries of its pickup truck Endurance due to performance and quality issues with some components. Shares of the company fell 8% in trading before the bell. Lordstown also said it would voluntarily recall 19 vehicles delivered… Continue reading Electric-truck maker Lordstown pauses production, deliveries, article with image

China’s Geely to launch seven electrified models under new brand Galaxy, article with image

Feb 23 (Reuters) – China’s Geely Auto (0175.HK) said on Thursday it aimed to launch seven electrified models under a new premium brand in the next two years. Of the seven models planned for the Geely Galaxy brand featuring its self-developed battery system, three will be pure electric cars while four will be hybrid models,… Continue reading China’s Geely to launch seven electrified models under new brand Galaxy, article with image

Gallery

Feb 23 (Reuters) – As the artificial intelligence boom takes off, Nvidia Corp (NVDA.O) is expected to emerge as the biggest – though not the only – winner among chipmakers after years of focusing on the technology has made it a go-to supplier for tech firms. AI has emerged as a bright spot for investments… Continue reading Gallery

EU’s Dombrovskis to visit U.S. for talks on Inflation Reduction Act, article with image

SOFIA, Feb 23 (Reuters) – European Commission Vice President Valdis Dombrovskis will head to Washington next month for more talks about the U.S. Inflation Reduction Act (IRA), he said on Thursday, adding that discussions are unlikely to solve all the EU’s concerns about the law. European Union countries fear the U.S. legislation’s $369 billion of… Continue reading EU’s Dombrovskis to visit U.S. for talks on Inflation Reduction Act, article with image

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