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By David Shepardson and Ben Klayman (Reuters) -Ford Motor said on Wednesday it is unlikely Mustang Mach-E electric vehicles currently in dealer showrooms will qualify for federal tax credits beginning in January. The U.S. Treasury issued guidance last week detailing new battery sourcing restrictions that take effect Jan. 1 aimed at weaning the U.S. EV …

Ford says unlikely Mustang Mach-E EV will qualify for federal tax credits in January Read More »

By Joanna Plucinska GENEVA (Reuters) – Global aviation industry leaders will meet in January to discuss safety concerns around increased GPS interference by cyberattackers steering planes off course, an International Air Transport Association executive said on Wednesday. Global Positioning System (GPS) spoofing has spiked in recent months, using counterfeit signals to alter perceptions of time …

Airline industry to meet in January over GPS spoofing spike Read More »

By Steve Gorman and Helen Coster (Reuters) -Unionized journalists at The Washington Post said they would stage a 24-hour strike on Thursday to protest staff cuts and what they call management’s failure to bargain in good faith in contract talks that have stretched on for 18 months. The planned one-day walkout would mark the first …

Washington Post journalists plan 24-hour strike amid prolonged contract talks Read More »

By Sabrina Valle (Reuters) -Exxon Mobil CEO Darren Woods’ first five years at the oil company were marred by missed oil production targets, an investor rebellion and the company’s biggest-ever financial loss. Redemption came this year when – aided by a share price pumped up by high oil prices – he clinched a $60 billion …

Exxon’s CEO sets ambitious agenda on tight timeline Read More »

By Kane Wu and Josh Ye HONG KONG (Reuters) – TikTok owner ByteDance is offering to buy back around $5 billion worth of shares from investors at a price that will value the company at about $268 billion, two people familiar with the matter said on Wednesday. The Chinese technology giant is offering to buy …

ByteDance offers investors share buyback, valued at $268 billion-sources Read More »

By Hyunsu Yim (Reuters) – Amazon’s streaming unit Twitch on Tuesday said it will shut down operations in South Korea in February next year, due to high operating costs and network fees. “Twitch has been operating in Korea at a significant loss, and unfortunately there is no pathway forward for our business to run more …

Twitch to shut down in South Korea due to high costs Read More »

(Reuters) – Mastercard on Tuesday said its board had approved a new share repurchase program, authorizing the company to buy back up to $11 billion of its Class A common stock. (Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Maju Samuel)

(Reuters) -Elon Musk’s artificial intelligence startup xAI has filed with the U.S. securities regulator to raise up to $1 billion in an equity offering, according to a filing on Tuesday. The company has raised $134.7 million in equity financing from a total offering amount of $1 billion, the filing with the Securities and Exchange Commission …

Elon Musk’s AI firm xAI files to raise up to $1 billion in equity offering Read More »

By Noel Randewich and Amruta Khandekar (Reuters) – Wall Street finished mixed on Tuesday after fresh employment data bolstered bets that the U.S. Federal Reserve will cut interest rates as soon as March. Apple and other megacaps gained while consumer staples stocks dipped after data showed U.S. job openings dropped in October to the lowest …

Wall Street ends mixed after job openings hint at cooling economy Read More »

By Pete Schroeder and Michelle Price WASHINGTON (Reuters) – The top bosses of JPMorgan, Morgan Stanley, Citigroup and other Wall Street banks will warn lawmakers that capital hikes and new regulations will hurt the economy, according to prepared congressional testimony published on Tuesday. The CEOs of the country’s eight largest banks will appear before the …

Wall Street bank bosses warn lawmakers over new regulations Read More »