Archer Aviation , backed by Stellantis and Boeing , aims to begin trials of its electric air taxi in India next year, ahead of a planned commercial launch in 2026, the company’s chief executive told Reuters on Friday.
Global equity funds saw a jump in outflows in the seven days through April 17 as speculation the U.S. Federal Reserve will delay cutting interest rates dampened investor sentiment.
Stellantis is recalling 38,164 vehicles due to an issue which can prevent the driver’s airbag from deploying in a crash, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Wednesday.
American Express’s first-quarter profit vaulted past Wall Street estimates on Friday, driven by an affluent customer base that increased spending as recession fears receded.
Procter & Gamble raised its annual core profit forecast on Friday, as it benefits from easing commodity costs and higher product prices of its cleaning and household items.
Next week’s earnings reports from some of the market’s biggest technology and growth companies could prove an important test for the U.S. stock rally, which has flagged as expectations for interest cuts fade.
U.S. automakers General Motors and Ford face a challenge in common when they report first-quarter results next week: Explaining to investors where profit growth will come from in the months ahead as EV growth slows.
The United Auto Workers is counting on scoring a seismic victory at Volkswagen’s Tennessee plant as unionization votes are tallied on Friday – one that opens up the anti-union U.S. South to organized labor.
