BEIJING (Reuters) – Chinese electric vehicle makers including Nio and Li Auto have followed market leaders Tesla and BYD in extending buying incentives to the start of 2025, as a price war in the world’s largest auto market continues for a third year. Li Auto announced on Thursday cash subsidies of 15,000 yuan ($2,055) per…
By Jonathan Stempel (Reuters) – Apple agreed to pay $95 million in cash to settle a proposed class action lawsuit claiming that its voice-activated Siri assistant violated users’ privacy. A preliminary settlement was filed on Tuesday night in the Oakland, California federal court, and requires approval by U.S. District Judge Jeffrey White. Mobile device owners…
By Laila Kearney and Timothy Gardner NEW YORK/WASHINGTON (Reuters) -Constellation Energy has been awarded a record $1 billion in contracts to supply nuclear power to the U.S. government, the company said on Thursday. Constellation, the country’s largest operator of nuclear power plants, will deliver electricity to more than 13 federal agencies, as part of the…
(Reuters) – Tesla chief executive Elon Musk donated 268,000 Tesla shares to unnamed charities just before the new year, according to a regulatory filing on Tuesday. Musk, who owns about 12.8% of Tesla, made the donation as part of his “year-end tax planning” to “certain charities” that have “no current intention to sell such stock,”…
BERLIN (Reuters) -The German government accused U.S. billionaire Elon Musk on Monday of trying to influence its election due in February with articles supporting the far-right Alternative for Germany (AfD) party, even though it suggested they amounted to “nonsense”. Musk, who is set to serve Donald Trump’s new administration as an outside adviser, endorsed the…
By Nathan Layne WEST PALM BEACH, Florida (Reuters) – Washington Mayor Muriel Bowser said she had a great meeting with President-elect Donald Trump at his Florida resort and voiced optimism that they would find common ground despite their past clashes. Bowser met Trump at his Mar-a-Lago home for about 45 minutes on Monday, a spokesperson…
By Johann M Cherian and Pranav Kashyap (Reuters) – Wall Street’s major indexes opened higher in the final trading session of 2024, extending a more than two-year-long bull run fueled by post-pandemic economic resilience, optimism over lower borrowing costs and a boost from the AI revolution. The S&P 500, Dow and Nasdaq are near record…
By Michael Erman NEW YORK (Reuters) – Drugmakers plan to raise U.S. prices on at least 250 branded medications including Pfizer COVID-19 treatment Paxlovid, Bristol Myers Squibb’s cancer cell therapies and vaccines from France’s Sanofi at the start of 2025, according to data analyzed by healthcare research firm 3 Axis Advisors. Nearly all of the…
(Reuters) -The National Highway Traffic Safety Administration said on Tuesday that Ford Motor Co would recall 20,484 hybrid crossover SUVs over battery concerns. The recall includes certain Ford Escape and luxury Lincoln Corsair vehicles from model years 2020 to 2024. “A manufacturing defect in one or more of the high voltage battery cells may result…
By Stephen Culp NEW YORK (Reuters) – U.S. stock exchanges will close on Thursday, January 9 in observation of a national day of mourning in honor of former U.S. President Jimmy Carter, who died on Sunday at the age of 100. The New York Stock Exchange and the Nasdaq announced the closures on Monday, a…
