By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Walt Disney shares surged Thursday after the entertainment giant reported quarterly…
Trump’s transition team aims to kill Biden EV tax credit
By Jarrett Renshaw (Reuters) -President-elect Donald Trump’s transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle…
Hate speech watchdog CCDH to quit Musk’s X ahead of terms change
(Reuters) -The Center for Countering Digital Hate said on Thursday it would leave Elon Musk-owned social media site X, citing…
Amazon, IKEA join other ocean cargo shippers to boost demand for new green fuels
By Lisa Baertlein (Reuters) – Amazon.com and IKEA, in alliance with about three dozen other companies that depend on ocean…
Trump, China loom over chipmaker ASML’s investor day
By Toby Sterling AMSTERDAM (Reuters) – The threat of further U.S.-led restrictions on ASML’s sales to China will hang over…
Crypto legislation likely coming under Trump, ex-SEC chief says
By Douglas Gillison and Chris Prentice NEW YORK (Reuters) – Congress is likely to adopt legislation governing cryptocurrencies during President-elect…
AMD to cut 4% of global workforce as it focuses on AI chip development
(Reuters) – Advanced Micro Devices is laying off 4% of its global workforce, or about 1,000 employees, as it directs…
North Korean soldiers joining Russia in combat, US State Dept says
WASHINGTON (Reuters) – North Korean troops have begun engaging in combat operations alongside Russian forces, the U.S. State Department said…
ValueAct takes $1-billion stake in Meta, source says
By Svea Herbst-Bayliss (Reuters) -ValueAct Capital has built a $1-billion stake in Meta Platforms but is not currently pushing for…
Netflix’s ad-supported tier hits 70 million users
(Reuters) -Netflix said on Tuesday its ad-supported tier had reached 70 million monthly active users globally, nearly doubling from about…