WASHINGTON (Reuters) – China’s defense minister declined a meeting with U.S. Defense Secretary Lloyd Austin during a meeting of defense leaders in Laos, a move the Pentagon chief said on Wednesday was unfortunate. Multilateral gatherings of national security officials in Asia have been used in the past for meetings between U.S. and Chinese defense leaders,…
(Reuters) – Elon Musk’s government efficiency panel said in a Wall Street Journal opinion story on Wednesday that they will apply recent Supreme Court rulings that can be used to take power away from federal agencies to reduce rules the panel finds unnecessary, costly and inefficient. Musk, the billionaire CEO of Tesla and SpaceX, and…
By David Shepardson and Rachael Levy WASHINGTON (Reuters) – President-elect Donald Trump’s incoming administration plans to target federal regulations championed by President Joe Biden that aim to make automobiles more fuel-efficient and incentivize a shift toward electric vehicles, according to two sources in contact with Trump’s transition team. The move appears aimed at satisfying a…
WASHINGTON (Reuters) – Dell Technologies and Iron Bow Technologies have agreed to pay more than $2 million each to resolve allegations by the U.S. government they overcharged the Army on a computing contract, the Justice Department said on Tuesday. Dell has agreed to pay $2.3 million and Iron Bow has agreed to pay $2.05 million to…
NEW YORK (Reuters) – Morgan Stanley has increased its 12-month base case price target on the S&P 500 to 6,500, the firm’s equity strategist Michael Wilson and other strategists wrote in a note on Monday. The benchmark index was last at 5,893. According to the note, the firm expects the recent broadening in U.S. earnings…
By Lewis Krauskopf NEW YORK (Reuters) – Nvidia Corp’s results in the coming week could guide the U.S. stock market on its next path, as investors turn their focus to the technology sector and artificial intelligence trade after an election-fueled rally stalled. A nearly 800% run in shares of Nvidia over the past two years,…
By Blake Brittain Major League Baseball’s players union settled a lawsuit that accused sports betting giant FanDuel of using the names and likenesses of hundreds of MLB players on its betting platform without permission. A FanDuel spokesperson said on Friday that the company and the union signed a confidential licensing agreement. The players said in…
By Seher Dareen (Reuters) -Uranium prices gained on Friday after Russia imposed temporary restrictions on the export of enriched uranium to the United States. The move by Russia, the world’s largest supplier of enriched uranium, was a symbolic tit-for-tat move after the U.S. banned Russian uranium imports, adding that companies authorized by the export control…
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…
