BEIJING (Reuters) -U.S. electric vehicle maker Tesla said on Friday its China sales rose 8.8% to a record high of more than 657,000 cars in 2024, a strong performance in a competitive market in a year when its annual global deliveries fell for the first time. Tesla’s sales in the world’s largest auto market also …
Tesla’s China sales hit record high in 2024, bucking global decline Read More »
(Reuters) – Inflows into U.S. equity funds fell sharply in the week through Jan. 1 hit by rising Treasury yields and year-end profit- taking, along with concerns about a slower pace of Federal Reserve rate reductions this year. Data from LSEG Lipper indicated that U.S. equity funds received just $490 million worth of investments during …
BEIJING (Reuters) – Chinese state-owned plane maker COMAC aims for its C919 jet to start flying on commercial routes to Southeast Asia by 2026 as a first step to moving beyond its domestic market, a senior company official told Chinese media. COMAC, Commercial Aircraft Corporation of China, also aims for European certification for the C919 …
China’s COMAC, maker of C919 jet, aims for Southeast Asian flights by 2026 Read More »
(Reuters) – U.S. President Joe Biden has decided to officially block Nippon Steel’s proposed purchase of U.S. Steel, Washington Post reported on Thursday, citing two administration officials who were not authorized to speak publicly about the matter. (Reporting by Devika Nair in Bengaluru; Editing by Mrigank Dhaniwala)
(Reuters) – Skydance Media and Paramount Global on Thursday defended their planned $8.4 billion merger, urging the Federal Communications Commission to dismiss opposition from critics, calling them “unwarranted” and “meritless”. The Center for American Rights, a nonprofit public-interest law firm, petitioned the FCC in December to block the merger, citing concerns about foreign influence on …
Skydance, Paramount dismiss objections to planned $8.4 billion merger Read More »
By Stephen Culp NEW YORK (Reuters) -Wall Street see-sawed to a lower close on Thursday amid choppy trading, as investors embarked on the new year facing the cross-currents of solid labor market data, a rising dollar and tumbling Tesla shares. All three major U.S. stocks ended the session in negative territory, a reversal of an …
Wall Street ends lower on first trading session of 2025; Tesla weighs Read More »
(Reuters) – U.S. tech giant Meta Platforms has elevated prominent Republican Joel Kaplan to be its chief global affairs officer, replacing Nick Clegg. The change atop Meta’s policy and communications teams comes in the run-up to U.S. President-elect Donald Trump’s inauguration, as the company mends fences with a leader who has railed against its approach …
Meta taps Republican Joel Kaplan to lead global policy team, replacing Nick Clegg Read More »
LONDON (Reuters) -Investment bank Morgan Stanley said on Thursday it had decided to leave the Net-Zero Banking Alliance, becoming the latest U.S. lender to quit the sector’s top global climate coalition. While the bank gave no reason for its decision, top banks have been under pressure from some U.S. Republican politicians over their membership, with …
Morgan Stanley to leave sector climate coalition Read More »
By Suzanne McGee (Reuters) – U.S. exchange-traded funds could face more obstacles to their runaway growth in 2025 after a bumper year saw the products take in a record $1.1 trillion in inflows in 2024. The inflows were the most in the product’s 35-year history and came close to doubling last year’s figure of $597 …
ETFs could face obstacles in 2025 after bumper year Read More »
By Georgina McCartney HOUSTON (Reuters) -U.S. energy executives expect faster permitting times for drilling on federal lands under President-elect Donald Trump, according to a Federal Reserve Bank of Dallas survey released on Thursday. The overall outlook brightened and activity levels increased while uncertainty declined in the final quarter of 2024, according to a December survey …
US oil executives expect faster permitting under Trump, says Dallas Fed Read More »
