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Topline The U.S. government is working on sanctions targeting some Chinese banks amid concerns they are enabling trade with Russia and fuelling its war efforts against Ukraine, the Wall Street Journal reported Tuesday. Key Facts According to the Journal, the sanction effort is driven by…
Tesla says cheaper models are coming sooner than they’d planned.The news comes as the carmaker announced Q1 results and noted global EV sales are under pressure.CEO Elon Musk has long promised the launch of a $25,000 Tesla. Tesla is pivoting its plan for vehicle production amid a steep revenue drop…
Tesla is blaming hybrids for stealing EV sales.Inexpensive hybrid cars have become a popular choice for green-car shoppers.That’s a real problem for Tesla, which doesn’t sell hybrids. Tesla is pointing the finger at hybrids as its electric cars experience a drop in demand.In the opening page of its first-quarter earnings…
By Jamie McGeever(Reuters) – A look at the day ahead in Asian markets.Investors continue to breathe life back into risky assets, paving the way for a positive market open in Asia on Wednesday as attention in the region turns to the latest interest rate decision and guidance from Indonesia.Trade figures…
By Hyunjoo Jin and Akash Sriram(Reuters) – Tesla (NASDAQ:) said on Tuesday it would introduce “new models” before the second half of next year, sending shares up nearly 9% in after-hours trading.Tesla’s talk of new vehicles, which it said would include “more affordable models,” lifted investor confidence in the EV…
(Reuters) – The Biden administration is racing to finalize a slew of major environmental regulations to help safeguard them from potential reversal should former President Donald Trump win the 2024 presidential election.Agency rules completed and in the Federal Register before May 22, 2024 will not be subject to the Congressional…
Former New York Rep. George Santos, who was expelled from the House…
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Leon Cooperman, a billionaire Columbia donor, weighed in on the crisis on…
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Judge Juan Merchan appeared poised on Tuesday to sanction Donald Trump for violating the gag order in his criminal hush money case after peppering the former president’s lawyers with questions about why Trump’s social media posts were acceptable. Tuesday began with a hearing on Trump’s 10 alleged violations of the gag order, and it ended with former American Media Inc. chief David Pecker talking about how he vetted allegations of an alleged affair between Trump and Playboy playmate Karen McDougal in 2016 while in constant communication with Trump’s then-fixer, Michael Cohen. (Trump has denied the affair.) Even with an abbreviated day for…
The Biden administration is preparing a new aid package for Ukraine that is expected to be worth around $1 billion, multiple sources familiar with the matter told CNN, and is set to be approved by President…
The Justice Department has reached a $138.7 million settlement with more than 100 victims of disgraced former USA Gymnastics team doctor Larry Nassar over the FBI’s initial failures in investigating the…
CNN correspondent says Trump’s gag order hearing was a ‘disaster’ Judge Juan Merchan had a heated exchange with Donald Trump’s lawyer Todd Blanche in a hearing about whether Trump’s social…
Markets
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Mexican Peso capitalized on weaker-than-expected US economic output, uptick in risk appetite. Upcoming mid-month inflation data in Mexico could impact…
Finance
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E.W. Scripps, one of the largest local TV broadcasters in the U.S., has hired a financial advisor to evaluate inbound interest in acquiring Bounce TV, its…
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Tesla is eliminating 3,332 jobs across the state of California, and 2,688…
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If you’ve been bitten by the entrepreneurial bug and want to start a business, the task can be a daunting one. Understanding some of the keys to success and the missteps others have made can ease this process. Here are six financial considerations and challenges of starting a business. Uniquely…
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By Jamie McGeeverORLANDO, Florida (Reuters) – History suggests Wall Street’s recent 5%…
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The US is drafting sanctions on Chinese lenders, The Wall Street Journal…
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