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…
By Rae Wee and Hannah Lang (Reuters) – Bitcoin broke through the $90,000 level on Wednesday, as its rally showed no signs of easing on expectations that Donald Trump as U.S. president will be a boon for cryptocurrencies. The world’s biggest cryptocurrency has become one of the most eye-catching movers in the week since the…
WASHINGTON (Reuters) -Boeing said on Wednesday it is issuing layoff notices starting this week to workers impacted by a broader plan by the heavily indebted planemaker to cut 17,000 jobs, or 10% of its global workforce. U.S. staff receiving the notices this week will stay on Boeing’s payroll until January to comply with federal requirements…
WASHINGTON (Reuters) – North Korean troops have begun engaging in combat operations alongside Russian forces, the U.S. State Department said on Tuesday, expressing concern that Russia had turned to North Korea for soldiers to fight in its war with Ukraine. “Over 10,000 DPRK (North Korean) soldiers have been sent to eastern Russia, and most of…
(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 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…
(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…
