By Jarrett Renshaw and Chris Kirkham (Reuters) -President-elect Donald Trump’s transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct knowledge of the matter told Reuters. Ending the tax credit could have grave implications for an already stalling U.S. EV transition….
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Walt Disney shares surged Thursday after the entertainment giant reported quarterly earnings that beat Wall Street’s estimates and offered robust guidance for the coming years. The company projected adjusted earnings-per-share percentage growth in the high single digits in fiscal 2025, even with capital expenditures of roughly…
By Patricia Zengerle WASHINGTON (Reuters) – Nearly 90 Democratic lawmakers urged U.S. President Joe Biden to sanction members of Israeli Prime Minister Benjamin Netanyahu’s government over anti-Palestinian violence in the West Bank, according to a letter released on Thursday. Urging Biden to send a message to U.S. partners before he leaves office, the members of…
By Ann Saphir and Howard Schneider DALLAS (Reuters) – Ongoing economic growth, a solid job market, and inflation that remains above the 2% target means the U.S. central bank does not need to rush to lower interest rates and can deliberate carefully, Federal Reserve Chair Jerome Powell said on Thursday. In remarks that align with…
