By Valerie Volcovici WASHINGTON, Dec 8 (Reuters) – The Trump administration’s proposal to roll back Biden-era vehicle fuel-efficiency standards may save automakers in the U.S. tens of billions of dollars and potentially lower upfront purchase costs for American car buyers. But any savings for car buyers will vanish quickly as drivers are forced to shell …
By Alessandro Parodi Dec 9 (Reuters) – Car buyers worldwide are returning to combustion engines as a result of policy reversals, trade wars and growing skepticism about EV infrastructure and costs, a report by professional services group EY showed on Tuesday. In a push to ease sales of gasoline-powered cars, U.S. President Donald Trump last …
Combustion engine cars regain popularity worldwide, EY says Read More »
By Sinéad Carew and Johann M Cherian Dec 8 (Reuters) – Wall Street’s main indexes closed lower on Monday, with most S&P 500 industry sectors in the red, while Treasury yields gained as investors waited nervously for the Federal Reserve monetary policy update due in two days. Hopes for a December rate cut were solidified …
US stocks end lower as investors wait for Fed rate decision Read More »
WASHINGTON, Dec 8 (Reuters) – U.S. President Donald Trump said on Monday that farming equipment has gotten too expensive and his administration would help tractor companies by removing some environmental rules that affect them. “We’re going to also give the tractor companies, John Deere and all of the companies that make the equipment, we’re going …
Trump: will help tractor companies by removing environmental restrictions Read More »
Dec 8 (Reuters) – Investor Michael Burry, known for “The Big Short,” said on Monday he owns sizable positions in Fannie Mae and Freddie Mac and expects them to rise materially if the U.S. mortgage finance giants are taken public again through initial public offerings. In his Substack newsletter “Cassandra Unchained”, Burry said he expects …
By David Jeans, Mike Stone and Joe Brock SIMI VALLEY, California, Dec 8 (Reuters) – U.S. defense technology companies have roughly doubled their share of Pentagon contracts over the past year, but they face growing pains as they try to evolve from hot startups into heavyweights capable of building weapons at scale. Valuations for unlisted …
Analysis-Silicon Valley-backed defense firms face growing pains after hot streak Read More »
By Juveria Tabassum Dec 8 (Reuters) – Beverages giant PepsiCo announced a review of its North America supply chain on Monday, and said it would aggressively reduce costs to drive growth after weeks of discussions with activist investor Elliott Investment Management. Elliott had disclosed a $4 billion stake in PepsiCo in September, and pushed the …
PepsiCo to review supply chain, lower prices amid talks with Elliott Management Read More »
Dec 8 (Reuters) – PepsiCo on Monday announced a review of its North America supply chain, and said it would aggressively reduce costs to drive growth after weeks of discussions with activist investor Elliott Investment Management. (Reporting by Juveria Tabassum in Bengaluru; Editing by Krishna Chandra Eluri)
MEXICO CITY, Dec 8 (Reuters) – Mexican restaurant operator Alsea said on Monday it has signed a development agreement with U.S. chicken-finger chain Raising Cane’s to open eateries in Mexico. The brand, known for its chicken fingers and original Cane’s Sauce, is expected to begin operations in the second half of 2026, Alsea said in …
Restaurant operator Alsea to open Raising Cane’s in Mexico Read More »
WASHINGTON, Dec 8 (Reuters) – U.S. President Donald Trump said on Monday that neither Netflix nor Paramount Skydance are great friends of his after both companies bid for Warner Bros Discovery. “I know the companies very well. I know what they’re doing, but I have to see, I have to see what percentage of market …
Trump says Netflix, Paramount are not his friends as Warner Bros fight heats up Read More »
