AP Top U.S. News at 9:13 p.m. EDT
Once praised, settlement to help sickened BP oil spill workers leaves most with nearly nothing
Once praised, settlement to help sickened BP oil spill workers leaves most with nearly nothing
Former presidential candidate Robert F. Kennedy Jr. discusses his plan for vaccine safety following President-elect Donald Trump’s victory. CNN’s Meg Tirrell explains how the US currently monitors vaccine safety and efficacy.
BMW has warned of “extraordinary challenges” as it became the latest carmaker to post a large drop in China sales.
Following former President Donald Trump's 2024 victory, one of the big sectors in focus for Wall Street is the EV (electric vehicle) industry. Wedbush analyst Dan Ives believes a Donald Trump presidency would be "a huge positive" for Tesla (TSLA) and its CEO, Elon Musk, a strong supporter of the president-elect. However, automakers like Tesla, Ford (F), General Motors (GM), Stellantis (STLA), and Rivian (RIVN) could feel the impact if Trump were to repeal EV tax credits. Yahoo Finance Anchor Brad Smith breaks down some of the big takeaways in the video above. For more market reaction to the 2024 election, click here. This post was written by Kevin Hall
The iconic German car maker is the latest car manufacturer to be hit by falling sales, including in China, where sales were down by almost 30%.View on euronews
Plane Talk: Ascend Airways provides ‘wet lease’ capacity for mainstream carriers in the form of ‘white-tail’ aircraft
A second Donald Trump mandate could lead to marked shifts in global commodity prices, spurred by his pro-fossil fuel policies, potential tariffs, and aggressive trade stances. Oxford Economics noted that Trump has campaigned to "unleash a new ear for fossil fuels," as deregulation of the U.S. energy sector could increase the production of oil, coal, and natural gas. They expect that accelerating the current expansion in the domestic production of energy commodities would "lower the prices and, i
The European Union's likely new energy commissioner, Dan Jorgensen, wants to accelerate the end of the bloc's dependence on Russian fossil fuels, he told a parliamentary hearing on Tuesday. "In my first 100 days, I will present a plan on how to speed-up ending our reliance on Russian gas before 2027," he said. Commission President Ursula von der Leyen has tasked Jorgensen with lowering energy prices to try to restore Europe's industrial competitiveness, decarbonise the economy and end the bloc's remaining Russian energy imports.
The Competition and Markets Authority's (CMA) initial probe found the deal would give Boparan the ability and incentive to harm rival poultry meat producers, leading to higher poultry feed costs for chicken farmers and processors in East Anglia. The CMA was probing a proposed joint venture between the two companies in 2022 for competition concerns but dropped its investigation after the parties abandoned that plan.
Insightful Analysis of DuPont's Financial Health and Strategic Direction
Corning is facing European Union antitrust scrutiny after the bloc's watchdog said Wednesday it's investigating the speciality glass maker's exclusive deals for its Gorilla Glass used in cellphones. The European Commission, the 27-nation EU's top antitrust enforcer, said it opened a formal investigation to determine whether Corning Inc. abused its dominant worldwide position for the toughened glass used in smartphones, tablets and other portable devices.
STORY: The world saw their relationship blossom during the U.S. presidential race… with public support, chats on social media and $1 million giveaways… And now - the world’s richest man, Elon Musk, stands to benefit greatly from his ties to President-elect Donald Trump.That's after federal disclosures showed Musk gave over $100 million to his pro-Trump spending group.:: Musk's influence is expected to be significantTrump loaded Musk with praise early Wednesday morning during his victory speech.''Let me tell you, we have a new star. A star is born, Elon (Musk).” (flash) ''But he's a character. He's a special guy. He's a super genius. We have to protect our geniuses. We don't have that many of them.''Trump has said he would pick Musk to lead a new government efficiency commission to cut federal spending.The Tesla CEO has said at least $2 trillion could be cut from the $6.75 trillion federal budget. How that works could be key to the Trump administration.:: Does 'efficiency' mean fewer rules and regulations?Musk has been a vocal critic of federal review of his SpaceX rocket business.His influence could mean less federal oversight of not only space exploration, but other new technologies Musk has a huge stake in, like EVs.Musk also wants to speed up approval of his autonomous driving technology.:: The pair isn't eye-to-eye on everythingBut Trump and Musk aren’t completely in sync.Trump has said he will NOT let California require all vehicles in the state go electric in a decade.Musk is a big proponent of carbon-free energy, with Tesla being a major supplier of solar systems and batteries. Trump has promised to kill the offshore wind industry and rescind all unspent funds under the Inflation Reduction Act – Biden’s signature climate law that Musk has benefited from. Republican-dominated states have seen big gains from the law. Musk is building his second U.S. electric vehicle factory in Texas.
(Reuters) -Delivery Hero said on Thursday it expects annual gross merchandise value (GMV) growth at the upper end of its forecast range, after the German online takeaway food company reported solid growth for the third quarter. Shares in the company, which owns the Glovo and foodpanda delivery apps, opened 1% higher before trimming some of its gains to trade 0.6% higher at 0859 GMT. The group now expects its full-year growth in GMV, a common metric for delivery firms measuring the total value of all goods sold, to land at the upper end of its 7%-9% forecast, after a 9% year-on-year rise in the third quarter.
Toyota’s July-September profit sank to less than half of what it was in the same period the previous year, as a production stoppage that followed a certification scandal and recalls dented vehicle sales, the Japanese automaker said Wednesday. Toyota Motor Corp.’s quarterly profit through September totaled 573.7 billion yen ($3.7 billion), down from nearly 1.28 trillion yen the same quarter last year. Toyota, which makes the Camry sedan and Lexus luxury models, apologized and suspended production on some models after acknowledging wide-ranging fraudulent testing, including the use of inadequate or outdated data in crash tests, as well as incorrect testing of airbag inflation.
What financial metrics can indicate to us that a company is maturing or even in decline? More often than not, we'll see...
As the U.S. stock market experiences a surge led by the tech sector amidst anticipation of presidential election results, investors are keenly observing how these developments might influence their portfolios. In such a dynamic environment, dividend stocks can offer stability and income potential, making them an attractive option for those looking to balance growth with consistent returns.
Toyota and BMW reported sinking profits on Wednesday, with sales in China slumping as both face growing competition from local automakers like BYD.
The company said it has been supported by strong demand in its civil aerospace business.
Renesas Electronics(TSE:6723) is making headlines with its strategic advancements, including the introduction of the RA8E1 and RA8E2 microcontrollers, and a notable collaboration with Intel for power management solutions. Despite facing challenges such as declining earnings and supply chain inefficiencies, Renesas's robust financial health and undervaluation present potential for growth. Readers can expect a detailed discussion on how Renesas plans to navigate market volatility and leverage...
(Bloomberg) -- BMW AG and Porsche AG led German automaker shares lower over concerns the US will hike tariffs on imported cars after Donald Trump returns to the White House.Most Read from BloombergParis Restricts Through Traffic in City CenterFrom Housing to Immigration, Key Ballot Initiatives and Local Races to FollowBMW, which reported disappointed quarterly earnings earlier Wednesday, fell as much as 7.5% in Frankfurt. Porsche, the maker of 911 sports cars, dropped to its lowest intraday valu
Second-hand car sales are climbing as cash-strapped consumers shun the new vehicle market.