News

October 2, 2021 (Reuters) – Citigroup Inc’s chief U.S. equity strategist, Tobias Levkovich, died on Friday from injuries he suffered after being struck by a car a month ago, the Nassau County Police Department on New York’s Long Island said in a statement. Levkovich, 60, was hit by a car while crossing a street in […]

October 2, 2021 By Sarah N. Lynch and Jan Wolfe (Reuters) -President Joe Biden’s administration on Friday urged a judge to block a near-total ban on abortion imposed by Texas – the strictest such law in the nation – in a key moment in the ferocious legal fight over abortion access in the United States. […]

“As a nerdy kid I loved tech and was fascinated by how business works,” says Cam Sinclair, founder of Australian growth marketing firm Ammo. “I always knew I wanted to find some way to help founders and innovators get their great ideas out into the world. After working in political campaigns, I realized that many […]

October 2, 2021 Top-seeded Andrey Rublev of Russia beat sixth-seeded Diego Schwartzman of Argentina for the second time in two weeks, prevailing 6-1, 7-5 on Friday in the quarterfinals of the San Diego Open. Rublev edged Schwartzman last week in the Laver Cup at Boston, winning 11-9 in an extended tiebreaker that stood in for […]

October 2, 2021 By Hyunjoo Jin SAN FRANCISCO (Reuters) – Electric truck maker Rivian Automotive, which currently sources batteries from South Korean supplier Samsung SDI, plans to build battery cells in-house, its filing for a U.S. initial public offering showed on Friday. The startup, backed by Amazon.com Inc and Ford Motor Co, said in the […]

October 2, 2021 TAIPEI (Reuters) – Taiwan has reported the largest ever incursion by the Chinese air force into its air defence zone, with 38 aircraft flying in two waves on Friday as Beijing marked the founding of the People’s Republic of China. Chinese-claimed Taiwan has complained for a year or more of repeated missions […]

It was almost exactly two years ago that a special purpose acquisition vehicle (SPAC) spearheaded by investor Chamath Palihapitiya took public the space tourism company Virgin Galactic. It was the first human spaceflight company to trade on the NYSE — or any exchange, for that matter — and it was so successful, with the company’s […]

October 2, 2021 (Reuters) -Rivian Automotive, backed by Amazon.com Inc and Ford, disclosed losses of nearly $1 billion in the first half of the year, the electric-vehicle maker’s U.S. IPO filing showed on Friday. The company has been investing aggressively in ramping up production of its electric vehicles, including its upscale all-electric R1T pickup truck […]

Rivian, the electric automaker backed by Amazon, Ford and a cornucopia of heavy-hitting institutional investors like T. Rowe Price Associates and Coatue, finally made its once-confidential IPO filing public.  The company, which started in 2009 as Mainstream Motors before adopting the Rivian name two years later, has exploded in terms of people, backers and partners […]

SciCheck Digest NBA star Bradley Beal made some misleading comments — shared in viral video clips — about the effectiveness of COVID-19 vaccines. No vaccine is 100% effective, but clinical trials and studies show the COVID-19 vaccines are very effective at preventing illness, particularly serious illness, including for those previously infected, such as Beal. How […]

October 1, 2021 By David Shepardson, Abhijith and Ganapavaram WASHINGTON (Reuters) -Japanese automaker Toyota Motor Corp outsold General Motors Co in the United States for the first nine months of 2021 as the Detroit automaker grappled with production problems stemming from the semiconductor chip shortage. Toyota during the first nine months sold 1.86 million vehicles […]

October 1, 2021 By Rod Nickel WINNIPEG, Manitoba (Reuters) -Canadian fashion designer Peter Nygard has consented to extradition to the United States, where he faces sex trafficking and racketeering charges, lawyers for the prosecution and defence said at a hearing on Friday. Separately, Toronto Police Service issued a statement saying it had an arrest warrant […]

A dispute over working conditions at “new media” properties like Netflix, Disney+, Apple TV and others may shut down productions across the country if a strike vote by the union succeeds. Thousands of workers on and off set claim they are not receiving appropriate wages, breaks, safety measures and other needs due to a contractual […]

October 1, 2021 By Amy Tennery (Reuters) – Ukrainian Hockey League (UHL) player Jalen Smereck told Reuters on Friday he would return to the ice despite an opponent targeting him with racist behavior, but the American said reform was long overdue for the sport. A video showing HC Kremenchuk forward Andriy Deniskin peeling and eating […]

October 1, 2021 By Fergal Smith TORONTO (Reuters) – Canada’s main stock index rose on Friday as the prospect of the first oral antiviral medication for COVID-19 boosted the sectors that could benefit most from a recovery in economic growth, but the market still posted a decline for the week. The Toronto Stock Exchange’s S&P/TSX […]

October 1, 2021 By Jessica DiNapoli NEW YORK (Reuters) – A U.S. House of Representatives panel plans to discuss a draft bill requiring companies that go public with dual-class stock to sunset the structure after seven years, according to a copy of the proposed legislation published late Thursday. Dual-class share structures, which give some stockholders […]

October 1, 2021 By Lewis Krauskopf NEW YORK (Reuters) – Investors are focusing on Treasury yields as a key factor in determining how stocks will fare the rest of the year, after a month in which equities notched their steepest losses since the coronavirus pandemic began. The S&P 500 index posted its biggest monthly drop […]

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for October 1, 2021! What a week, y’all. With the third quarter of 2021 now behind us, it’s time to gird ourselves for earnings season, new […]

October 1, 2021 By Juan Medina and Marco Trujillo MADRID (Reuters) -Lava flowed from a newly opened crack in the Cumbre Vieja volcano on Spain’s La Palma on Friday, carving a different path from previous flows and raising fears of more destruction, while fine ash forced islanders to don masks and goggles. A river of […]

October 1, 2021 By Henry Esquivel NECOCLI, Colombia (Reuters) – An influx of thousands of mostly Haitian migrants seeking transport northward toward the United States is pushing locals in the Colombian beach town of Necocli out of housing, residents said, as landlords favor migrants able to pay in dollars. The backlog of migrants waiting in […]