By David Shepardson WASHINGTON (Reuters) -President-elect Donald Trump cannot ignore a law requiring Chinese-based ByteDance to divest its popular short video app TikTok in the U.S. by early next year or face a ban, the Democratic chair of a U.S. Senate panel said on Tuesday. Senator Richard Blumenthal, a Democrat who is holding a hearing…
By Joey Roulette (Reuters) – Elon Musk’s SpaceX is set on Tuesday to launch the sixth test of its giant Starship rocket from Texas, eyeing improvements in its hypersonic reentry into Earth’s atmosphere and a novel technique for landing its booster, as U.S. President-elect Donald Trump watches in person. Trump is expected to be joined…
By Jason Lange WASHINGTON (Reuters) – Americans see inflation as the leading issue President-elect Donald Trump should tackle during his first 100 days in office, according to a Reuters/Ipsos published on Tuesday. Some 35% of respondents in the three-day poll, which closed on Sunday, picked inflation as the area Trump should focus on, compared to 30%…
By Rajesh Kumar Singh CHICAGO (Reuters) – Spirit Airlines was expected to be one of the big travel industry winners after the pandemic. But the no-frills pioneer never found its wings in a changed business and operating landscape. On Monday, the Florida-based carrier filed for bankruptcy protection. While speculation about Spirit’s future began swirling immediately…
By Akash Sriram (Reuters) -Tesla shares rose more than 5% on Monday after Bloomberg News reported that President-elect Donald Trump’s transition team was planning to set up federal regulations for autonomous vehicles. The report comes days after Trump named the automaker’s CEO, Elon Musk, as a co-head of the incoming administration’s government efficiency department. Trump’s…
By Juveria Tabassum (Reuters) – Walmart shares are set for their best yearly gains in over two decades as the retail behemoth’s low prices for everyday essentials give it an edge over competitors facing weak demand from budget-conscious consumers. The stock has gained about 60% so far this year, outstripping gains of about 13% in…
By Howard Schneider WASHINGTON (Reuters) – Strong U.S. economic and inflation data on Friday continued reshaping the debate among Federal Reserve policymakers over the pace and extent of interest rate cuts as investors further downgraded their expectations for a rate reduction at the central bank’s December meeting. In the latest round of comments on U.S….
By Seher Dareen (Reuters) -Uranium prices gained on Friday after Russia imposed temporary restrictions on the export of enriched uranium to the United States. The move by Russia, the world’s largest supplier of enriched uranium, was a symbolic tit-for-tat move after the U.S. banned Russian uranium imports, adding that companies authorized by the export control…
By Douglas Gillison (Reuters) – A trade group has asked the incoming Trump administration to consider a “comprehensive plan” for updating the U.S. Securities and Exchange Commission’s regulatory framework for investment companies, according to a letter seen by Reuters. The letter from the Investment Company Institute is the latest financial sector wish list to emerge…
By Mike Scarcella (Reuters) -Billionaire entrepreneur Elon Musk expanded his lawsuit against ChatGPT maker OpenAI, adding federal antitrust and other claims and adding OpenAI’s largest financial backer Microsoft as a defendant. Musk’s amended lawsuit, filed on Thursday night in federal court in Oakland, California, said Microsoft and OpenAI illegally sought to monopolize the market for…
