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Exclusive-Owners of utility-focused Conservice exploring sale at valuation as high as $5 billion, sources say

By Milana Vinn NEW YORK (Reuters) -Advent International and TA Associates are exploring the sale of utility management and billing company Conservice that could value it at between $4.5 billion and $5 billion, people familiar with the matter said. The private equity firms are working with ...
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Tesla recalls more than 63,000 Cybertrucks because the front lights are too bright

Tesla is recalling more than 63,000 Cybertrucks in the U.S. because the front lights are too bright, which may cause a distraction to other drivers and increase the risk of a collision. The National Highway Traffic Safety Administration said that the recall includes certain Cybertrucks ...
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Trump pardons Binance founder Changpeng Zhao

WASHINGTON (AP) — President Donald Trump has pardoned Binance founder Changpeng Zhao, who created the world’s largest cryptocurrency exchange and served prison time after failing to stop criminals from using the platform to move money connected to child sex abuse, drug trafficking and terrorism. Zhao ...
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Average long-term US mortgage rate drops to 6.19%, lowest level in more than a year

The average rate on a 30-year U.S. mortgage fell this week to its lowest level in more than a year, extending a recent trend that’s helped give lagging U.S. home sales a boost. The average long-term mortgage rate fell to 6.19% from 6.27% last week, ...
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Microsoft hopes Mico succeeds where Clippy failed as tech companies warily imbue AI with personality

Clippy, the animated paper clip that annoyed Microsoft Office users nearly three decades ago, might have just been ahead of its time. Microsoft introduced a new artificial intelligence character called Mico (pronounced MEE’koh) on Thursday, a blob-shaped cartoon face that will embody the software ...
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Dow beats loss estimates on cost cuts, new US capacity

By Pooja Menon (Reuters) -Dow reported a smaller-than-expected adjusted quarterly loss in the third quarter on Thursday, as cost cuts and higher volumes from new U.S. Gulf Coast assets helped offset weakness in global chemical prices, sending its shares up 10.7%. The company, which began ...
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US existing home sales rise to seven-month high in September

By Lucia Mutikani WASHINGTON (Reuters) -U.S. existing home sales increased to a seven-month high in September, but rising economic uncertainty and a stalled labor market could limit the boost from easing mortgage rates. Home sales rose 1.5% last month to a seasonally adjusted annual rate of ...
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Beyond Meat short interest surges past 100% of public shares, Ortex data shows

(Reuters) -Short interest in shares of plant-based meat seller Beyond Meat surged more than 100% of its publicly available shares, Ortex data showed on Thursday. About 109% of Beyond Meat’s free float shares were shorted, up from 81.8%, as of Wednesday. Beyond Meat stock ...
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Trump quadrupling Argentina beef tariff rate quota to 80,000 metric tons

By Jeff Mason, Tom Polansek and Leah Douglas WASHINGTON/CHICAGO (Reuters) -U.S. President Donald Trump’s administration is quadrupling the tariff rate quota on Argentine beef to 80,000 metric tons in a bid to reduce prices, a White House official said on Thursday. The move lets Argentina ship ...
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US home sales accelerated in September to their fastest pace since February as mortgage rates eased

Sales of previously occupied U.S. homes accelerated in September as declining mortgage rates and a pickup in available properties on the market encouraged home shoppers. Existing home sales rose 1.5% last month from August to a seasonally adjusted annual rate of 4.06 million units, the ...
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Freeport-McMoRan profit beats as higher copper prices cushion production drop

(Reuters) -Freeport-McMoRan surpassed Wall Street estimate for third-quarter profit on Thursday, as higher copper prices helped counter lower production after operations were suspended at its Grasberg mine in Indonesia. The miner’s shares were up 3.3% in premarket trading. They have gained 7.1% so far this ...
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Analysis-Boom to bust: Beyond Meat struggles to stay relevant

By Juveria Tabassum and Aishwarya Venugopal (Reuters) -Once a Wall Street darling worth roughly $14 billion, Beyond Meat is now a meme stock. While the company’s decline started after the pandemic when rising inflation made its expensive products unattractive, a consumer shift toward healthier foods amid ...
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