Washington, September 12 (Patrika English News): Capital One has filed a lawsuit against the Federal Deposit Insurance Corporation (FDIC), accusing the U.S. regulator of overcharging it by $149.2 million in a special assessment linked to the 2023 collapses of Silicon Valley Bank and Signature Bank. In a complaint filed Wednesday in federal court in Alexandria, … Read more
Washington, September 12 (Patrika English News): A firmer US inflation reading for August is unlikely to derail the Federal Reserve’s plan to cut interest rates next week, but analysts say it rules out a larger half-point reduction. The Consumer Price Index (CPI) showed core inflation, excluding food and energy, held steady at 3.1% year-on-year in … Read more
Tel Aviv, September 12 (Patrika English News): Shares of Wearable Devices Ltd. (NASDAQ: WLDS) surged more than 64% on Thursday after the Israel-based company announced a $4 million financing round, a new U.S. patent, and stronger first-half results. The firm said it entered into a direct offering with an institutional investor for 1 million ordinary … Read more
New Delhi, September 12 (Patrika English News): Suzuki Motorcycle India has officially discontinued the Katana superbike from its domestic lineup, three years after its launch in 2022. The litre-class retro-inspired model, priced at ?13.61 lakh (ex-showroom, Delhi), failed to generate significant sales during its tenure in the Indian market. The Katana paid homage to Suzuki’s … Read more
Edinburgh, September 12 (Patrika English News): Scholes Chartered Accountants (Scholes CA) has expanded into Shetland with the acquisition of RSM UK’s Lerwick operations. Financial details of the deal were not disclosed. The acquisition strengthens Scholes CA’s presence in Scotland, adding 20 staff members to its team and increasing its overall workforce by a third. With … Read more
Paris, September 12 (Patrika English News): French luxury group Kering has delayed its plans to fully acquire Italian fashion house Valentino, following an amended shareholders’ agreement with Qatari investment firm Mayhoola. Kering purchased a 30% stake in Valentino in 2023, with options to acquire the remaining 70%. Under the revised terms, Mayhoola’s put options for … Read more
California, September 11 (Patrika English News): Rivian Automotive, Inc. (NASDAQ:RIVN) is moving forward with preparations for its much-anticipated R2 SUV launch, even as it announced a small round of layoffs aimed at cutting costs. The move comes alongside a significant boost in confidence, with the company securing a $1 billion equity investment from Volkswagen Group. … Read more
New York, September 11 (Patrika English News): Lucid Group, Inc. (NASDAQ:LCID) has witnessed a sharp upward revision in its price target following a $300 million investment from Uber Technologies, Inc. and the completion of a reverse stock split. The California-based EV maker reported its Q2 2025 earnings on August 5, highlighting a 38% year-on-year growth … Read more
Li Auto Inc. (NASDAQ:LI) has reported second-quarter deliveries above its revised forecast, though analysts remain split on the company’s stock outlook. On June 27, 2025, the Beijing-based EV maker revised its Q2 delivery guidance downward to around 108,000 vehicles, citing a temporary sales system upgrade. However, the company later announced actual deliveries of 111,074 vehicles, … Read more
XPeng Inc. (NYSE:XPEV) has reported record-breaking growth in the second quarter of 2025, driven by soaring EV sales and strong investor confidence. The Guangzhou-based smart EV maker delivered 103,181 units during the quarter, a 242% jump compared to the same period last year. Revenue also surged to RMB18.27 billion, marking a 125.3% year-on-year increase. Read … Read more