Stellantis, Samsung SDI to build new JV battery plant in Indiana -sources

(Reuters) -Stellantis NV and Samsung SDI plan to announce on Tuesday they will build a new battery plant in Indiana as the Chrysler-parent ramps up electric vehicle production plans, sources briefed on the matter told Reuters.

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23-05-2022

SpaceX president defends Musk against sexual misconduct allegation - CNBC

SpaceX President Gwynne Shotwell defended Elon Musk against a sexual misconduct allegation that he has denied, CNBC news on Monday.

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23-05-2022

Snap expects to miss revenue target, slow down hiring

Snap Inc expects to miss its quarterly revenue targets, the company said in a filing on Monday, and will slow hiring for this year, Chief Executive Evan Spiegel told employees.

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23-05-2022

Stellantis, Samsung SDI to build new JV battery plant in Indiana - sources

Stellantis NV and Samsung SDI plan to announce on Tuesday they will build a new battery plant in Indiana as the Chrysler-parent ramps up electric vehicle production plans.

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23-05-2022

South Korean inflation expectations at near decade high - survey

A key measure of inflation expectations among South Koreans rose in May for a fourth consecutive month to its highest in nearly a decade, a central bank survey found on Tuesday, two days ahead of its policy meeting.

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23-05-2022

Chipmaker Broadcom in talks to acquire VMware for $60 billion -sources

NEW YORK/STOCKHOLM (Reuters) -Broadcom Inc is in talks to acquire cloud service provider VMware Inc in a $60 billion deal which would further diversify the chip manufacturer's business into enterprise software, people familiar with the matter said.

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23-05-2022

Brazil's Air Force to cut Embraer order to 15 aircraft -report

SAO PAULO (Reuters) -The Brazilian Air Force has decided to cut its order for Embraer SA's KB-390 military cargo planes to 15 aircraft from 22 previously, according to a report from local newspaper O Globo on Monday.

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23-05-2022

Fed's Bostic suggests pausing rate hikes in September to assess impact

ATLANTA (Reuters) -It "might make sense" for the Federal Reserve to pause further interest rate hikes following expected half-point rate increases over the next two months as the central bank assesses the impact on inflation and the economy, Atlanta Fed President Raphael Bostic said on Monday.

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23-05-2022