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Latest Financial and Business News
BusinessReutersTucker Carlson's streaming service to charge $9 per month
He parted ways with Fox News in April, after parent firm Fox Corp settled for $787.5 million a lawsuit filed by Dominion Voting Systems over false claims of election fraud. Since June, Carlson has been releasing videos on Elon Musk's X social media platform, formerly Twitter.
- BusinessReuters
US STOCKS-Futures muted as traders brace for inflation data, Fed verdict
U.S. stock index futures were muted on Monday in the run-up to an action-packed week that includes the Federal Reserve's interest rate meeting and inflation data, both of which will test investor optimism about a soft landing for the economy. The upbeat sentiment around stabilizing interest rates and robust quarterly earnings caused equities to rebound towards the end of the year, with the benchmark S&P 500 within a hailing distance of its highest intra-day level of the year at 4,607.07 points, earlier hit in July. The S&P 500 and Nasdaq also notched their highest closing since early 2022 on Friday, after data showed non-farm payrolls were higher than expected, underscoring hopes that the world's largest economy could control inflation without slipping into recession.
BusinessReutersIn 2023, bold EV strategies took a punch from reality
This was the year the auto industry's race toward an all-electric future took a detour. Heading into 2023, automakers were gearing up to invest $1.2 trillion by 2030 to move electric vehicles from niche products to mass-market models - many with batteries and software developed in-house, according to a Reuters analysis. As the year closes, legacy automakers as well as Tesla, Rivian and other EV startups are throttling back investments and reworking product strategies.
