(Reuters) – U.S. President-elect Donald Trump on Saturday said he would “most likely” give TikTok a 90-day reprieve from a potential ban in the United States after he takes office on Monday. “The 90-day extension is something that will be most likely done, because it’s appropriate,” he told NBC in an interview. “If I decide …
Trump will ‘most likely’ give TikTok a 90-day reprieve from potential ban Read More »
(Reuters) – Canoo said on Friday it would file for Chapter 7 bankruptcy and cease operations, effective immediately. The EV startup has been dealing with rapid cash burn and has struggled to raise additional funding amid uncertain demand for its microbus-inspired cargo vans. (Reporting by Akash Sriram and Gursimran Kaur in Bengaluru; Editing by Krishna …
EV startup Canoo files for bankruptcy, to cease operations Read More »
By Nivedita Balu TORONTO (Reuters) -Four of Canada’s biggest lenders said on Friday they were withdrawing from a global banking sector climate coalition, joining six major U.S. banks. The departures from the Net-Zero Banking Alliance began with Goldman Sachs’ announcement on Dec. 6 and come ahead of Donald Trump’s return to the White House next …
Top Canadian banks quit global climate coalition ahead of Trump inauguration Read More »
(Reuters) – Bank of America is set to award stock to most of its global employees for the eighth time since 2017, following a robust performance by the second-largest U.S. lender in 2024, according to an internal memo seen by Reuters on Friday. The stock awards, which will be issued in addition to year-end incentive …
Bank of America awards stock to employees after strong 2024 performance, memo shows Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks rallied on Friday to close out a strong week on optimism over the health of the economy and path of interest rates as investors braced for a slew of policy changes under the incoming Trump administration. The S&P 500 and Dow Industrials registered their biggest weekly …
Stocks rally to close out strong week, await Trump policies Read More »
By David Shepardson WASHINGTON (Reuters) -The outgoing head of the Federal Communications Commission said a massive Chinese-linked cyber-espionage operation against U.S. telecoms firms known as “Salt Typhoon” is a “clarion call” to address significant telecommunications security issues. “Salt Typhoon is a clarion call that reminds us that the security of our networks is absolutely vital …
Outgoing FCC head says Salt Typhoon hacking a clarion call to address security issues Read More »
(Reuters) – The U.S. Federal Trade Commision (FTC) said on Friday it had approved a consent order to resolve antitrust issues concerning Chevron’s $53 billion takeover of Hess. According to the order, John Hess, CEO of the oil and gas producer, will be barred from joining the combined company’s board over allegations that he communicated …
US FTC finalizes consent order for $53 billion Chevron-Hess merger Read More »
By Niket Nishant and Ross Kerber (Reuters) -Asset manager BlackRock agreed to new disclosure requirements about its use of sustainable-investment factors as part of a legal settlement with Tennessee Attorney General Jonathan Skrmetti, his office said on Friday. The resolution is the latest step by New York-based BlackRock and by other firms to move away …
BlackRock agrees to new ESG disclosures in Tennessee settlement Read More »
By Jonathan Stempel (Reuters) – The U.S. Equal Employment Opportunity Commission on Friday sued two large automakers, accusing General Motors and the United Auto Workers of age discrimination and the Stellantis unit that includes Chrysler of subjecting female employees to sexual harassment. GM and the UAW were accused of having since October 2019 maintained a …
US agency sues two automakers, alleging discrimination and harassment Read More »
By Joey Roulette WASHINGTON (Reuters) -The U.S. Federal Aviation Administration and officials from the Turks and Caicos Islands have launched probes into SpaceX’s explosive Starship rocket test that sent debris streaking over the northern Caribbean and forced airlines to divert dozens of flights. “There are no reports of public injury, and the FAA is working …
US FAA probes reports of SpaceX rocket debris landing in Turks and Caicos Read More »
