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By David Shepardson and Clark Mindock WASHINGTON (Reuters) -A U.S. appeals court on Tuesday upheld the Environmental Protection Agency’s decision to grant California a waiver to set its own tailpipe emissions limits and electric-vehicle requirements. The three-judge panel of the U.S. Court of Appeals for the District of Columbia rejected a legal challenge from 17 …

US court upholds EPA decision to approve California electric-vehicle rules Read More »

By Manya Saini and Nupur Anand (Reuters) -JPMorgan Chase’s board identified potential successors to CEO Jamie Dimon, paving the way for a leadership transition at the largest U.S. bank. The board is “spending significant time on developing operating committee members who are well-known to shareholders as strong potential CEO candidates” in the medium term, it …

JPMorgan names CEO Dimon’s potential successors including Piepszak, Lake Read More »

NEW YORK (Reuters) – Futures traders have reduced bets on how much the Federal Reserve will cut rates this year to the lowest level since October, LSEG data showed on Monday, amid evidence of continued strength in the U.S. economy. Fed funds futures contracts for December on Monday reflected expectations of around 60 basis points …

Fed rate cut expectations for 2024 fall to lowest since October Read More »

By Stephen Culp NEW YORK (Reuters) -U.S. stocks were essentially unchanged at the close of a choppy session on Monday, with a solar eclipse offering distraction ahead of crucial inflation data and the kick-off of first-quarter earnings season. The S&P 500 and the Dow posted minimal losses while the Nasdaq ended nominally higher. All three …

Wall St ends flat as investors await CPI, earnings Read More »

(Reuters) -Tesla CEO Elon Musk on Monday predicted development of artificial intelligence that was smarter than the smartest human probably by next year, or by 2026. In a wide-ranging interview on X spaces that suffered multiple technology glitches, Musk also told Norway wealth fund CEO Nicolai Tangen that AI was constrained by the availability of …

Tesla’s Musk predicts AI will be smarter than the smartest human next year Read More »

(Reuters) -Asset manager Blackstone said on Monday it would take private rental housing firm Apartment Income REIT, known as AIR Communities, for $10 billion in cash, including debt, in what analysts see as a bet on easing pressure within the commercial real estate market. Under the deal, Blackstone will pay $39.12 for each share of …

Blackstone to take Apartment Income REIT private in $10 billion deal Read More »

BRASILIA (Reuters) – Brazil’s Supreme Court Chief Justice said on Monday that every company operating in the country is “subject to the constitution,” after one of the court’s judges opened an inquiry into social media platform X’s owner Elon Musk. Chief Justice Luis Roberto Barroso said in a statement that court decisions may be subject …

Amid probe into Musk, Brazil’s top court says ‘every company is subject to the constitution’ Read More »

By David Shepardson WASHINGTON (Reuters) -United Airlines said on Monday it has delayed the start of two new international routes, citing a pause on some certifications by the U.S. Federal Aviation Administration (FAA)for the carrier following a series of safety incidents. The impacted routes are between Tokyo and Cebu, the Philippines, and Newark, New Jersey …

United Airlines delays flights on two new routes amid FAA safety probe Read More »

By Jessica DiNapoli NEW YORK (Reuters) -Americans relying on government benefits to buy food and other essentials are slashing spending, prompting food makers like Kraft-Heinz and Conagra Brands to overhaul their products and strategies following years of price hikes. Many of the biggest makers of packaged foods and drinks are seeing their sales volumes fall, …

How food companies like Coke and Kraft-Heinz are targeting low-income Americans Read More »