In Letter to Trump, Alcohol Groups Say Tariffs Put $2 Billion in Sales at Risk
Aug. 6 By Emma Rumney The United States’ 15% tariff on EU goods could reduce the value of alcohol sales by almost $2 billion and put 25,000 U.S. jobs at risk, a group of 57 alcohol industry groups wrote in a letter sent to U.S….
Analysis-Autopilot Verdict Deals Tesla a ‘Black Eye’, Threatens Musk’s Robotaxi Ambitions
Aug. 5 By Abhirup Roy A court verdict against Tesla last week, stemming from a fatal 2019 crash of an Autopilot-equipped Model S, could hurt its plans to expand its nascent robotaxi network and intensify concerns over the safety of its autonomous vehicle technology. A…
US Could Require up to $15,000 Bonds for Some Tourist Visas Under Pilot Program
Aug. 4 By Ted Hesson and David Shepardson The U.S. could require bonds of up to $15,000 for some tourist and business visas under a pilot program launching in two weeks, a government notice said on Monday, an effort that aims to crack down on…
Intel’s Chip Contracting Plan in Spotlight on Earnings Day
July 23 By Arsheeya Bajwa Faced with slumping quarterly sales and a burgeoning loss, Intel shareholders will want to know new CEO Lip Bu-Tan’s plans for the chipmaker’s nascent contract manufacturing business. Intel is set to report its sixth consecutive net loss on Thursday, while…
D.R. Horton Third-Quarter Results Beat Estimates on Incentives Push
July 22 By Farah Master and Samuel Shen D.R. Horton reported third-quarter profit and revenue above estimates on Tuesday as buyer incentives sustained home sales amid high interest rates and rising costs, sending shares of the homebuilder up more than 12% in morning trading. The…
Union Pacific, Norfolk Southern Explore Cross-Continental Railroad Merger, Source Says
July 18 By Sabrina Valle Union Pacific, the largest U.S. freight railroad operator, is exploring a possible acquisition of Norfolk Southern to create a $200 billion coast-to-coast rail network, a person familiar with the matter said. Talks are in early stages, the person said, with…
US Military to Remove 2,000 National Guard Troops From Los Angeles
July 16 By Idrees Ali and Phil Stewart U.S. Defense Secretary Pete Hegseth has ordered the removal of half of the 4,000 National Guard troops who had been sent to Los Angeles to protect federal property and personnel during a spate of protests last month,…
US Again Halts Cattle Imports From Mexico Over Flesh-Eating Screwworms
July 11 By Tom Polansek The flesh-eating livestock pest New World screwworm has advanced closer to the U.S. border with Mexico, the U.S. Department of Agriculture said, prompting Washington to block imports of Mexican cattle just days after it allowed them to resume at a…
Car Import Quotas, Export Credits on Table for EU-US Trade Talks, Sources Say
July 10 By Christoph Steitz Brussels is discussing with U.S. counterparts a range of measures aimed at protecting the European Union’s auto industry from steep U.S. import duties, including tariff cuts, import quotas and credits against the value of EU automakers’ U.S. exports, industry sources…
More Than 2,000 Senior Employees Expected to Depart From NASA, Politico Reports
July 9 By Abu Sultan Around 2,145 senior-ranking employees at the U.S. National Aeronautics and Space Adminstration are set to leave under a push to shed staff, Politico reported on Wednesday citing documents obtained by the news outlet. Most employees leaving are in GS-13 to…