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Rivian, Tesla Slide on Report Trump Plans to Nix EV Tax Credit
Shares of US automakers fell after Reuters reported President-elect Donald Trump plans to eliminate the $7,500 consumer tax credit for electric-vehicle purchases.
Powell to Speak on Interest Rates and the Economy. Look for Clues About the Fed’s Next Rate Decision.
Federal Reserve Chair Jerome Powell will headline a busy week of central-bank officials’ public remarks on Thursday. Investors and economists will be listening closely for clues about the Fed’s
Disney stock jumps as earnings, streaming profit, and guidance top estimates
Disney stock (DIS) popped on Thursday after the company reported fiscal fourth quarter earnings per share and revenue that topped Wall Street estimates and its direct-to-consumer business built on
General Mills is buying its fifth pet food business. Here’s why it could fetch more growth.
From an estimated $150 billion of spending in 2024, the category is expected to mushroom up to roughly $200 billion by 2030, according to estimates from Bloomberg Intelligence.
US wholesale inflation picks up slightly in sign that some price pressures remain elevated
Wholesale prices in the United States rose last month, remaining low but suggesting that the American economy has yet to completely vanquish inflationary pressure. Thursday's report from the Labor
Trump Threatens ESG Investing That Thrived in His First Term
Now, as Trump returns to power, the movement for environmental, social and governance investing, or ESG, is in a much weaker position after years of Republican backlash and a stre
3 drivers of the stock market's bull rally are hitting extremes and point to lower returns ahead, economist says
The main drivers of significant stock market gains over the past three decades are nearing extremes, suggesting future returns will be significantly lower. That's according to economist David
Cisco Gives Tepid Annual Forecast, Overshadowing Strong Results
Cisco Systems Inc., the biggest maker of computer networking equipment, delivered better-than-expected quarterly results and an upbeat outlook for the current period, but a conservative annual
The number of American filing for jobless claims falls to lowest level in 6 months
The number of Americans applying for unemployment benefits fell to their lowest level in six months last week as layoffs remain at relatively healthy levels. The Labor Department reported Thursday
Elon Musk is hiring for DOGE. Here's what he's looking for.
Elon Musk's Department of Government Efficiency seeks "Top 1%" talent to tackle government waste, demanding 80+hour weeks and high IQ from applicants.
Even U.S. presidents make mistakes with their money, author says. Here's how some struggled
In "All The Presidents' Money," author Megan Gorman takes readers into a side of U.S. presidents that is often overlooked: how they were with money.
Investors are underestimating how deep rate cuts will be in 2025, Goldman says
Markets are underestimating how much the Federal Reserve is going to cut interest rates next year, Goldman Sachs predicted. In the bank's latest macro outlook, it estimated that the Fed funds rate
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