Honda Motor and LG Energy to Build $4.4 Billion Electric Vehicle Battery Plant in US

TOKYO/WASHINGTON, Aug 29 (Reuters) – Japanese Honda Motor Co. (7267.T) will build a new $4.4 billion lithium-ion battery factory for electric vehicles in the United States with Korean battery supplier LG Energy Solution Ltd (373220.KS)the two companies announced on Monday. Battery makers are looking to ramp up production in the United States, where a shift … Read more

Wall St ends abruptly for the 2nd day; Amazon.com, Apple jumps after hours

US economy shrinks in second quarter Meta-platform revenue drops for the first time Ford stocks gain after results Indices: Dow up 1%, S&P 500 up 1.2%, Nasdaq up 1.1% NEW YORK, July 28 (Reuters) – U.S. stocks rallied for the second day on Thursday as all three major indexes ended up more than 1% as … Read more

US Senate passes bill to boost chip manufacturing and compete with China

WASHINGTON, July 27 (Reuters) – The U.S. Senate on Wednesday passed sweeping legislation to subsidize the domestic semiconductor industry, hoping to boost companies as they compete with China and ease a lingering shortage that touches on everything from cars and weapons to washing machines and video. Games. The House of Representatives plans to vote on … Read more

Russia further cuts gas flows as Europe pleads for savings

Pipes from the Nord Stream 1 gas pipeline landing facilities are pictured in Lubmin, Germany March 8, 2022. REUTERS/Hannibal Hanschke/ Join now for FREE unlimited access to Reuters.com Register BERLIN/FRANKFURT, July 27 (Reuters) – Russia delivered less gas to Europe on Wednesday in a further escalation of an energy standoff between Moscow and the European … Read more

Wall Street tumbles as Walmart warning rocks retail sector

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 21, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register Walmart slashes profit forecast and drags retailers in McDonald’s up in sales and profit GE jumps on higher profits, Coca-Cola up on forecast Indices down: … Read more