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US auto sales defy regulatory uncertainty to rise 2% in 2025, analysts forecast
DETROIT, Jan 5 (Reuters) – Sales of new cars in the United States rose about 2% in 2025, analysts estimate, defying extraordinary disruptions all year in an industry where “black swan” events have become routine. Several automakers on Monday reported strong December sales to close out the year. Toyota Motor notched an 8% increase in […]
US refiner Phillips 66 to acquire Britain’s Lindsey oil refinery assets
U.S. refiner Phillips 66 will acquire assets of Britain’s Lindsey oil refinery after liquidation and integrate them into its Humber site.
US oil companies gain after Trump signals access to Venezuela’s reserves
U.S. oil and refining stocks surged after Trump said American firms could access Venezuela’s vast oil reserves amid political upheaval.
S&P 500, Nasdaq dip to start 2026 after last year’s robust gains
Jan 2 (Reuters) – The S&P 500 and the Nasdaq pared early gains and then dipped on Friday in the first session of the new year, with declines in communications and consumer discretionary stocks dragging the indexes which notched double-digit gains in 2025. Industrials were up 1% and utilities gained 1.3%, the top boosts to […]
Tesla loses EV crown to China’s BYD as competition, tax credit expiry hit demand
Jan 2 (Reuters) – Tesla ceded its crown as the world’s top electric vehicle maker to China’s BYD, after annual sales fell for a second year, hit by rising competition, the expiry of U.S. tax credits and brand backlash. With global EV sales rising 28% last year, BYD outsold Tesla for the first time on […]
Berkshire Hathaway enters post-Buffett era as shares drift lower
Jan 2 (Reuters) – Berkshire Hathaway’s post-Buffett era began quietly Friday, as shares slipped slightly after the “Oracle of Omaha” handed Greg Abel the top job following six decades at the helm. The world’s most famous conglomerate now must protect its record without its chief architect, who remade modern investing and transformed the company […]
Dollar climbs to start 2026 after biggest annual drop in eight years
LONDON, Jan 2 (Reuters) – The U.S. dollar kicked off 2026 on a stronger note on Friday after struggling against most currencies last year, as traders awaited a flurry of U.S. economic data next week, including several reports on the labor market, to gauge the path of interest rates. A narrowing interest rate difference between […]
Nvidia in talks to buy Israeli AI startup AI21 for $3B
JERUSALEM, Dec 30 (Reuters) – Nvidia is in advanced talks to buy Israel-based AI startup AI21 Labs for as much as $3 billion, the Calcalist financial daily reported on Tuesday. Nvidia declined to comment, while AI21 was not immediately available to comment. A 2023 funding round valued AI21 at $1.4 billion. Nvidia and Alphabet’s Google […]
S&P 500, Nasdaq end flat in holiday-thin trade, Meta gains on deal
NEW YORK, Dec 30 (Reuters) – The S&P 500 and the Nasdaq closed little changed in choppy trading on Tuesday, as gains in communication services stocks were offset by declines in technology and financial stocks, with financials also weighing on the Dow. Communication services shares were among the biggest gainers on the S&P 500, fueled […]
DOJ sues Virginia over in-state tuition for immigrants
The Justice Department sued Virginia over a law granting in-state tuition and aid to undocumented immigrants at public colleges.
