Automakers Gear Up As New Tariffs, EV Policy Changes Loom Under Trump Administration
In addition to the tariffs on Mexico, the Republican leader has expressed his intention to reverse pro-electric vehicle policies and rescind regulations enforced by the Environmental Protection Agency and the Transportation Department on his first day in office. He also aims to reduce or eliminate tax breaks and other incentives for electric vehicles.
Big Tech CEOs Congratulate President-Elect Donald Trump
CEOs of big tech firms send their well wishes to President-elect Donald Trump.
EU Antitrust Regulator To Fine Apple Under DMA Act: Report
Antitrust regulator of EU is set to fine Apple of allegedly breaching tech rules.
Perplexity To Raise $500 Million At $9 Billion Valuation: Reports
Perplexity is raising a new investment, which could bring its valuation to $9 billion.
FAA Approves New Delivery Drone Of Amazon - The MK30
Amazon receives FAA approval on the use of its new delivery drone MK30.
NHTSA Closes Probe Into 411,000 Ford Pickups Over Potentially Defective Engine
The probe on 411,000 Ford pickups and SUVs was closed by the NHTSA.
Shari Redstone To Leave Paramount Board Post Skydance Merger: Report
Both Redstone and her son, Tyler Korff, have the option to join the board of the new company but have no plans to do so, according to a report.
Musk And X Allegedly Spearhead Election Misinformation, Experts Claim
A non-profit group claims that Musk and X are propagating election misinformation.
Stonepeak Reportedly Close To $3.1 Billion Acquisition Of ATSG
The New York-based investment firm aims to purchase ATSG at a price of $22.50 per share, which is an almost 30% premium compared to the company's closing price on Friday, according to a report.
Volkswagen CEO Tells Publication Cost Cutting Necessary Amid "Structural Problems"
The CEO of Volkswagen revealed to a publication that the cost cutting measures in the company is necessary.
US Tech Firms Warn Vietnam Over Draft Law To Hamper Data Centers
U.S. tech firms are warning Vietnamese authorities over their draft law that could hamper the growth of the data center industry in the country.
Spirit Airlines To Furlough Hundreds Of Pilots To Cut Costs
Spirit Airlines will furlough about 330 pilots and 120 captains will be downgraded to first officers.
Siemens To Buy Altair For $10.6B To Boost Industrial Software Portfolio
Siemens will be acquiring Altair for $10.6 billion in a move to strengthen its presence in the industrial software market.
Trump Warns EU Will Pay A 'Big Price' For Not Buying American Cars
Donald Trump, during a Pennsylvania rally, warned about the EU paying big for not buying from America.
Boeing And Union Hold 'Productive' Meeting Amid Ongoing Strike
The International Association of Machinists and Aerospace Workers Local 751 said that with the assistance of Acting U.S. Labor Secretary Julie Su, the union's bargaining committee "had a productive face-to-face meeting with the company to address key bargaining issues.
Tupperware Gets Court Approval For Sale To Lenders
Tupperware's proposal of selling its assets to lenders has received court approval.
Jeff Bezos Defends Washington Post's Decision Of Non-Endorsement Of Presidential Candidates
Jeff Bezos defends the decision of Washington Post not to endorse any political candidate.
Walmart Cuts Walmart Plus Membership Price In Half Ahead Of Holidays
Walmart is dropping the price to $49 a year.
Southwest Airlines Faces Lawsuit From Pilot Union After Federal Court Ruling
In the Monday ruling, the US Court of Appeals for the Fifth Circuit overturned a previous decision by a lower court that had dismissed Southwest Airlines Pilots Association's case.
Elon Musk Claims $2 Trillion In Budget Savings At Trump Rally
Elon Musk claimed during a Trump rally in New York that he could save the government $2 trillion in tax spending.
Indonesia Blocks Sale Of iPhone 16 For Failing To Meet Investment Requirements
Indonesia has blocked the sale of iPhone 16 in the country following issues on investments.
Volkswagen Mulls Cut In Wages, Bonuses To Save 4 Billion Euros: Report
The carmaker faces mounting pressure to reduce expenses amid a challenging economic climate. Workers have slammed the management for allegedly failing to provide a clear future strategy.
Microsoft CEO Satya Nadella's 2024 Pay Reaches $79M, Up 63% YOY
The increase is worth more than $30 million, marking a significant increase to $79.1 million from $48.5 million in the year before, as per a proxy filing.
Apple's Q3 Smartphone Sales In China Takes A Hit While Huawei's Soar
The third-quarter sales of Apple in China has declined, while that of Huawei has soared.
US Transportation Department Fines American Airlines $50M For Violating Disability Laws
The U.S. Department of Transportation fined American Airlines with $50 million for allegedly violating disability laws.
Elliott, Southwest Airlines Close To Reaching Settlement To Avert Board Battle: Report
The parties are currently negotiating terms that would provide Elliott with a number of board seats, though less than the majority, to ensure that control remains with the airline, according to a report.
Amazon To Stop Same-Day Delivery From Brick-And-Mortar Retailers: Report
Amazon has stopped new development for its Amazon Today service and will reportedly shut it down.
Trump Says He Plans To Only Allow Car Loan Interest Deduction For US-Made Vehicles
The former president says if his plan was not limited to U.S.-made cars, it could advantage countries like China, allowing them 'to make more cars.'
Walmart Offers Prescription Delivery To Customers Amid Walgreens And CVS Store Closures
The new delivery offering is live in Arkansas, Missouri, New York, Nevada, South Carolina, and Wisconsin. Walmart said its pharmacy delivery is expected to be available in 49 states by the end of January 2025, reaching tens of millions of customers.
Four Fed Policymakers Back Further Rate Cuts But Differ In Pacing
Four Fed policymakers support rate cuts but differ on the pace that it would be implemented.
