(Reuters) – U.S. power consumption will rise to record highs in 2024 and 2025, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. EIA projected power demand will rise to 4,096 billion kilowatt-hours (kWh) in 2024 and 4,125 billion kWh in 2025. That compares with 4,000 billion kWh…
By Pranav Kashyap and Medha Singh (Reuters) – Citron Research no longer has a short position in retail traders’ favorite GameStop, the short seller said on X.com on Wednesday, days after taking a bearish position in the company. “It’s not because we believe in a turnaround for the company fundamentals will ever happen, but with…
By Robin Respaut and Chad Terhune (Reuters) – For many U.S. parents seeking help for a child with obesity, the most widely-endorsed treatment is out of reach – and it’s not the popular weight-loss drug Wegovy. Leading medical groups recommend intensive behavioral counseling – 26 hours within one year – to teach children and their…
Here is how Cronos Group (CRON) and Castle Biosciences, Inc. (CSTL) have performed compared to their sector so far this year.
In the ever-changing and fiercely competitive business landscape, conducting thorough company analysis is crucial for investors and industry experts.
By Allison Lampert and David Shepardson WASHINGTON (Reuters) -Boeing’s new CEO Kelly Ortberg said on Thursday he would be based in the planemaker’s birthplace Seattle, moving closer to the factory floor to rein in a safety crisis. Ortberg’s confirmation of earlier reports that he would move to Puget Sound, Washington, rather than Boeing’s corporate headquarters…
BEIJING (Reuters) – China’s lithium prices rebounded on Friday after a powerful earthquake hit Chile’s major lithium producing region, although growing demand concerns weighed on the metal used in electric vehicle batteries. The most-traded November lithium carbonate futures on the Guangzhou Futures Exchange rose 2.9% to 89,800 yuan ($12,356.89) per metric ton on Friday, having…
COPENHAGEN (Reuters) – U.S. electric vehicle manufacturer Tesla has been reported to police in Sweden accused of performing electrical installation work without the necessary registration, the Swedish Electricians’ Union said on Wednesday. There are already tense relations between Tesla and unions in Sweden, where the company has faced prolonged industrial action and its mechanics have…
(Reuters) – Shares of Reddit rose 14% on Friday, following a partnership with artificial intelligence firm OpenAI that is expected to draw in more users for the social media platform with AI-enhanced experience and attract more advertising revenue. The stock was trading at $64.25 premarket, in touching distance of the highest closing price of $65.11…
SEOUL (Reuters) – South Korea is readying plans for a support package for chip investments and research worth more than 10 trillion won ($7.30 billion), the finance minister said on Sunday, after setting its sights on winning a “war” in the semiconductor industry. Finance Minister Choi Sang-mok said the government would soon announce details of…
