Business News

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The US dollar rose on Tuesday after Donald Trump pledged to levy additional tariffs on imports from Canada, Mexico and China, reigniting concerns about his trade policies. The dollar index, which tracks a … Read more

Shashi Ruia, the chairperson and co-founder of Essar Group, passed away on November 25 at the age of 81. Known for his pivotal role in transforming Essar into a global conglomerate, Ruia leaves behind a legacy of business growth and innovation. Ruia, along with his younger brother Ravi, founded Essar Group in 1969 in Chennai. … Read more

By Abhirup Roy SAN FRANCISCO (Reuters) – Rivian said on Monday it has received conditional approval for a loan of up to $6.6 billion from the U.S. Department of Energy to build the electric vehicle maker’s production facility in Georgia. Operation of the Georgia plant, where Rivian plans to build future vehicles such as its … Read more

Nov. 25, 2024 6:00 PM ETM, BBY, ANF, ADI, KSS, DKS, TEN, SJM, TITN, HTHT, MANU, BURL, MDWD, VFSBy: Pranav Ghumatkar, SA News Editor  Major earnings expected before the bell on Tuesday include: Analog Devices (ADI) Abercrombie & Fitch (ANF) Best Buy (BBY) Kohl’s (KSS) Macy’s (M) Other earnings slated for release before Tuesday’s open … Read more

SW Retail Advisors founder Stacey Widlitz analyzes why Starbucks stock is soaring after its new CEO announcement on The Claman Countdown. Starbucks is experiencing a disruption in its ability to accurately pay and schedule employees days after one of its software suppliers was hit with a ransomware attack. The issues at the coffee giant were … Read more

IRVINE, Calif.–(BUSINESS WIRE)–American all-electric automaker Rivian Automotive (NASDAQ: NASDAQ:) today announced it has received conditional commitment from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) Loan Program for a loan of up to $6.6 billion (including $6 billion of principal and approximately $600 million of capitalized interest) to accelerate its growth and leadership … Read more

Stay informed with free updates Simply sign up to the UK tax myFT Digest — delivered directly to your inbox. A wave of wealthy people is preparing to leave the UK before April to benefit from changes to non-dom rules in last month’s Budget, tax advisers say. Accountants and lawyers said that many people were … Read more

Planning your will could make or break your family after your death, warns Berkshire Hathaway CEO and legendary investor Warren Buffett.  “Father time always wins. But he can be fickle,” the 94-year-old billionaire noted in an unusually candid letter released on Monday.  Conversations addressing one’s own death can be a difficult subject to broach. The … Read more

Andhra Pradesh is reportedly reviewing government files to determine if it can cancel a power supply contract linked to the Adani Group, whose founder, billionaire Gautam Adani, has been indicted in the United States on bribery charges.  State Finance Minister Payyavula Keshav confirmed the review on Monday, a Reuters report claimed, stating the government is … Read more