Apparel retailer Express files for US bankruptcy protection, to close over 100 stores
(Reuters) – Fashion retailer Express Inc has filed for Chapter 11 bankruptcy in the United States and intends to close more than 100 stores, it said on Monday.
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Stellantis to recall over 38,000 vehicles on potential airbag deployment issues
(This March 20 story has been corrected to say Stellantis (NYSE:STLA), not Chrysler, is recalling vehicles in the headline and paragraph 1)
Tesla to recall 3,878 Cybertrucks over faulty accelerator pedal, NHTSA says
(Reuters) – Tesla (NASDAQ:TSLA) is recalling 3,878 Cybertrucks to fix an accelerator pedal pad that could come loose and get lodged in the interior trim, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday.
Wall Street's "fear gauge" at over 5-month high on rate cut, Mideast worries
(Reuters) – Wall Street\’s \”fear gauge\” hit its highest in more than five months on Friday due to a sharp pullback in interest U.S. rate cut expectations and escalating geopolitical tensions.
Alaska Air prioritizes quality, safety of Boeing products over production rate
CHICAGO (Reuters) – Alaska Air (NYSE:ALK) Group is not concerned about the production rate of Boeing (NYSE:BA)\’s 737 MAX planes as it is more focused on the quality and safety of the planemaker\’s jets, a top company executive said on Thursday.
Two US lawmakers raise concerns over Disney, Fox, Warner sports streaming venture
(Reuters) – U.S. lawmakers Jerry Nadler and Joaquin Castro on Tuesday raised competition concerns over the sports streaming joint venture planned by Walt Disney (NYSE:DIS), Fox and Warner Bros Discovery (NASDAQ:WBD). The congressmen questioned how the new offering would affect access, competition, and choice in the sports streaming market in a letter to the media companies\’ CEOs.
Worst may be over for Chinese stocks, but stick to alpha picks- Goldman Sachs
Investing.com– Chinese stocks saw a strong recovery in the first quarter of 2024 amid some improvements in the economy and earnings, Goldman Sachs analysts said in a recent note.
US opens probe into 3,322 GM Cadillac Lyriq EVs over loss of brake assist
The U.S. National Highway Traffic Safety Administration (NHTSA) said on Monday it has opened a preliminary evaluation to investigate claims related to loss of brake assist for 3,322 GM Cadillac Lyriq electric vehicles.
Brazil judge suspends Petrobras chair over conflict of interest
BRASILIA (Reuters) – A Brazilian judge has suspended the chair of state oil firm Petrobras\’ board, Pietro Sampaio Mendes, over a conflict of interest regarding his role in the Ministry of Energy, according to a court decision seen by Reuters on Thursday.