WASHINGTON (Reuters) – A group representing General Motors, Toyota Motor, Volkswagen and other major automakers warned late on Friday that a U.S. Senate Democratic proposal to revamp the $7,500 electric vehicle tax credit would make most models ineligible. Automakers have been privately warning that the proposal’s requirements for battery and critical mineral sourcing would make…
A vulnerability in Twitter’s software that exposed an undetermined number of owners of anonymous accounts to potential identity compromise last year was apparently exploited by a malicious actor, the social media company said Friday. It did not confirm a report that data on 5.4 million users was offered for sale online as a result but…
(Reuters) – Digital World Acquisition Corp, the blank-check company taking former U.S. President Donald Trump’s Truth Social app public, on Friday announced a special meeting of shareholders to approve an extension to the cut-off date to complete the merger. “While we are using our best efforts to complete the Business Combination as soon as practicable,…
(Reuters) -Global ratings agency Moody’s cut Italy’s outlook to “negative” from “stable” on Friday, weeks after Prime Minister Mario Draghi’s resignation shook the country’s political landscape. Draghi, dubbed “Super Mario” due to his long career as a financial problem solver, had helped shape Europe’s tough response to Russia’s invasion of Ukraine and had boosted the…
By Stephen Culp NEW YORK (Reuters) – The S&P 500 headed lower, Treasury yields advanced and the dollar rose on Friday after the U.S. July employment report blasted past expectations, raising the odds of continued monetary tightening from the Federal Reserve. Wall Street pared losses as the session progressed. At close, the Nasdaq joined the…
WASHINGTON (Reuters) – Meta Platforms, the parent of Facebook which is making a big play for virtual reality, has agreed to delay closing its deal for Within Unlimited, maker of the popular fitness app “Supernatural,” according to a court filing. The Federal Trade Commission had filed a lawsuit seeking to stop the deal in July,…
New York (AP) — Looking for a new job is a balancing act: Some people change roles for a shorter commute or better salary, others want health insurance or flexible schedules, and still others are looking to work in a new or different industry. Hiring is booming in the U.S. — the economy added 528,000…
NEW YORK (AP) — Tens of thousands of flyers had their travel plans upended Friday after airlines canceled about 1,400 U.S. flights as thunderstorms hit the East Coast. Another 6,300 flights had been delayed by early evening, according to tracking service FlightAware. It was the second straight day of major disruptions and the worst day…
By Devik Jain and Noel Randewich (Reuters) – Wall Street stocks fell on Friday, weighed down by Tesla and other technology-related stocks after a solid jobs report torpedoed recent optimism that the Federal Reserve might let up its aggressive campaign to reign in decades-high inflation. Data showed U.S. employers hired far more workers than expected…
New York (AP) — Chelsie Church was working as a manager at a Colorado Taco Bell when she found out workers at a nearby Pizza Hut were earning more than $1 an hour more than she was. Her attempts to negotiate a raise were unsuccessful, so she kept hunting for another job, eventually finding one…
