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(Reuters) – Bank of America CEO Brian Moynihan said on Tuesday he expected President-elect Donald Trump’s incoming administration to tackle the U.S. budget. Trump’s victory in the presidential election has contributed to a sell-off in government bonds in recent days as key elements of his economic plans such as tax cuts and tariffs are expected…
By David Shepardson WASHINGTON (Reuters) – The Federal Aviation Administration said on Tuesday it will bar U.S. airlines from operating in Haiti for 30 days after two commercial jetliners were struck by gunfire on Monday. The FAA issued a Notice to Air Mission prohibiting U.S. airlines from operating flights in the Haiti’s territory and airspace…
By Gram Slattery and Alexandra Ulmer WEST PALM BEACH, Florida (Reuters) – As advisers and allies of Republican President-elect Donald Trump search for personnel to staff his coming administration, one quality is absolutely paramount: unquestioning loyalty. During his 2017-2021 term, Trump butted heads with key appointees, particularly those in the intelligence, national security and law…
By Maki Shiraki TOKYO (Reuters) – Toyota aims to make at least 2.5 million vehicles a year in China by 2030, three people said, an overhaul that will see it bring its Chinese sales and production operations closer together and allow local executives a freer hand in development, The plan, which has not been previously…
(Reuters) -Russian President Vladimir Putin signed into law a treaty on the country’s strategic partnership with North Korea which includes a mutual defence provision, according to a decree published on Saturday. The accord, signed by Putin and North Korean leader Kim Jong Un in June after a summit in Pyongyang, calls on each side to…
By Phil Stewart and Idrees Ali WASHINGTON (Reuters) – During his campaign for re-election, Donald Trump vowed to purge the military of so-called “woke” generals. Now that he is president-elect, the question in the halls of the Pentagon is whether he would go much further. Trump is expected to have a far darker view of…
(Reuters) -Bitcoin was trading near record $80,000 on Sunday after hitting it earlier in the session, following Donald Trump’s decisive victory in the U.S. presidential election earlier in the week. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 65.4% from the year’s low of $38,505 it hit on Jan. 23. Trump has vowed to…
AMSTERDAM (Reuters) – Billionaire Bill Ackman said on Friday he would seek to delist investment firm Pershing Square Holdings and move record label Universal Music Group away from Amsterdam, following attacks on Israeli soccer fans. In a statement on X, Ackman said Pershing Square’s board had already been considering the move and “events in Amsterdam…
(Reuters) – Computer chip equipment maker ASML had a global IT systems outage on Friday, which has been resolved, a spokesperson for the company told Reuters. “All systems are fully recovered,” the company said, adding that the cause of the outage is currently being investigated. The outage, which caused some employees to work remotely, was…
(Reuters) – Tesla’s market value breached the $1 trillion-mark in a sharp rally on Friday, on growing bets of a favorable treatment for CEO Elon Musk’s companies in return for his support for President-elect Donald Trump in his poll campaign. The electric automaker’s shares rose more than 6% to a more than two-year high of…
