Walmart to Replace AstraZeneca in Nasdaq-100
Walmart will replace British drugmaker AstraZeneca in the Nasdaq-100 Index on January 20, the exchange operator said on Friday. The retail giant said in November it would shift its longtime…
US drops plan to restrict Chinese drones after vehicle crackdown
Washington: The U.S. Commerce Department said on Friday it has withdrawn a plan to impose restrictions on Chinese drones to address national security concerns after an earlier crackdown on passenger…
Newsom proposes $200M California EV rebates after federal $7,500 credit ends
Washington: California Governor Gavin Newsom is proposing $200 million in new state electric-vehicle tax rebates after Congress earlier this year ended a federal $7,500 state tax deduction on new EVs,…
Wynn Resorts CFO Julie Cameron-Doe to Retire
Casino operator Wynn Resorts said on Friday that CFO Julie Cameron-Doe would retire and that company insider Craig Jeffrey Fullalove would replace her as finance chief. Cameron-Doe, who has been…
FCC clears SpaceX to launch 7,500 more Starlink satellites
Washington: The Federal Communications Commission said on Friday it has approved SpaceX's request to deploy another 7,500 second-generation Starlink satellites as it works to boost internet service worldwide. The FCC…
Rio Tinto–Glencore Mega Merger Could Trigger $100M+ Wall Street Fee Bonanza
Rio Tinto's ambition to acquire Glencore and create the world's largest mining company worth more than $200 billion could see Wall Street advisers share more than $100 million in fees.…
Argentina repays U.S. for emergency currency swap loan
Buenos Aires: Argentina has repaid the United States for a currency swap framework it provided to the South American country last year to stabilise its economy, U.S. Treasury Secretary Scott…
Stellantis pulls plug on Jeep and Chrysler plug-in hybrids in US
Chrysler parent Stellantis said on Friday it will stop selling plug-in hybrid versions of the Jeep Wrangler and Grand Cherokee, and the Chrysler Pacifica minivan, in the United States as…
OpenAI, SoftBank invest $1 billion in SB Energy for Stargate infrastructure expansion
OpenAI and SoftBank Group will invest $500 million each in SB Energy to expand data centre and power infrastructure for their Stargate initiative, SB Energy said on Friday. SB Energy,…
FAA clears Boeing 737 MAX 10 for next phase of flight testing
Seattle: The Federal Aviation Administration has approved Boeing's largest variant of its best-selling 737 MAX jet, the MAX 10, to move to the second phase of flight testing on the…