Trump’s transition team aims to kill Biden EV tax credit
By Jarrett Renshaw (Reuters) -President-elect Donald Trump’s transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle…
Author: Wall St Mavens
EU fines Meta 797 million euros over abusive practices benefiting Facebook Marketplace
BRUSSELS (Reuters) -The European Commission on Thursday fined Meta Platforms €797.72 million ($840.24 million) over abusive practices benefiting Facebook Marketplace,…
Advance Auto Parts to close stores, cut jobs amid sluggish demand
(Reuters) – Advance Auto Parts said on Thursday it will close about 500 stores by mid-2025 and cut some jobs…
Bitcoin rises above $90,000 on Trump euphoria
By Rae Wee and Hannah Lang (Reuters) – Bitcoin broke through the $90,000 level on Wednesday, as its rally showed…
Traders bet on Fed December rate cut after inflation data
(Reuters) – Traders of contracts that settle to the Federal Reserve’s policy rate moved Wednesday to price in a firmer…
Pentagon buys two new types of drones under Replicator initiative
By Mike Stone WASHINGTON (Reuters) – The Pentagon announced on Wednesday that it will add two new types of drones…
AMD to cut 4% of global workforce as it focuses on AI chip development
(Reuters) – Advanced Micro Devices is laying off 4% of its global workforce, or about 1,000 employees, as it directs…
US banks saw weaker loan demand in the third quarter, Fed survey shows
(Reuters) -U.S. banks saw weaker demand for a key category of business loans during the third quarter, while the demand…
North Korean soldiers joining Russia in combat, US State Dept says
WASHINGTON (Reuters) – North Korean troops have begun engaging in combat operations alongside Russian forces, the U.S. State Department said…
ValueAct takes $1-billion stake in Meta, source says
By Svea Herbst-Bayliss (Reuters) -ValueAct Capital has built a $1-billion stake in Meta Platforms but is not currently pushing for…