By Greg Bensinger (Reuters) – TikTok is entering its final hours in the U.S. ahead of a potential ban effective on Sunday, prompting howls of protest from devoted users of the beloved video-streaming app. Chelsea Rossi could not be happier. The part-time real estate agent from Albany, New York, said she spends a minimum of […]
By Timothy Gardner WASHINGTON (Reuters) – U.S. President Joe Biden’s administration has protected about 84%, or $96.7 billion in clean energy grants created by its signature climate law from any clawback by the next administration, a White House official said on Friday. WHY IT’S IMPORTANT The 84% of the grants from the Inflation Reduction Act […]
By Aditi Shah and Nandan Mandayam NEW DELHI (Reuters) -Hyundai , Maruti Suzuki and Tata Motors used the India auto show to unveil ambitious plans to expand their electric vehicle charging network to address the issues that are putting customers off making the switch. The five-day auto show in New Delhi starting on Friday saw […]
WASHINGTON (Reuters) – The Biden administration on Friday issued last-minute proposed rules to curb duty-free imports under the $800 “de minimis” threshold, denying the low-value shipments exemption for goods that are subject to other punitive U.S. tariffs. The move marks a setback for e-commerce firms, including China-based Shein and PDD Holdings’ Temu, which have exploited […]
WASHINGTON (Reuters) – The U.S. Federal Aviation Administration said on Friday it will oversee an investigation by Elon Musk’s SpaceX into an explosive Starship test flight the previous day that forced airlines to divert dozens of flights to avoid debris. “There are no reports of public injury, and the FAA is working with SpaceX and […]
(Reuters) – The U.S. Securities and Exchange Commission on Friday said Digital Currency Group Inc. and the CEO of its now-defunct subsidiary Genesis Global Capital LLC have agreed to pay a combined $38.5 million in civil penalties to settle charges they misled investors about Genesis’s financial condition. Regulators found that DCG and Genesis chief Soichoro […]
(Reuters) – The Vanguard Group has agreed to pay $106.4 million to settle U.S. Securities and Exchange Commission (SEC) charges over misleading statements related to capital gains distributions and tax consequences for retail investors, the regulator said on Friday. The SEC found that retail investors in certain Vanguard target retirement funds faced higher tax liabilities […]
(Reuters) – TikTok CEO Shou Zi Chew said on Friday he wants to thank U.S. President-elect Donald Trump for his commitment to work with the company and find a solution that keeps the app available in the United States. The company has until Sunday, Jan. 19, to cut ties with its China-based parent ByteDance or […]
By Andrea Shalal WASHINGTON (Reuters) – The World Bank on Thursday warned that U.S. across-the-board tariffs of 10% could reduce already lackluster global economic growth of 2.7% in 2025 by 0.3 percentage point if America’s trading partners retaliate with tariffs of their own. Such tariffs, promised by U.S. President-elect Donald Trump, could cut U.S. growth […]
By Dawn Chmielewski (Reuters) – Businessman Frank McCourt is “open-minded” to keeping TikTok’s existing investors, including the founder, involved after any deal to buy the U.S. operations of the Chinese-owned short-form video app, the U.S. billionaire told Reuters on Thursday. McCourt said in an interview his consortium has made a formal offer to buy TikTok […]
