WASHINGTON (Reuters) – A group of 26 state attorneys general led by West Virginia and Kentucky on Wednesday challenged the Biden administration’s new fuel economy rules, calling the requirements unworkable and forcing automakers to build more electric vehicles. The National Highway Traffic Safety Administration on June 7 finalized tighter vehicle fuel economy rules through 2031…
By Nate Raymond (Reuters) – A U.S. judge at the urging of environmental groups has thrown out an assessment by a federal agency governing how endangered and threatened marine species should be protected from oil and gas drilling in the Gulf of Mexico. U.S. District Judge Deborah Boardman in Greenbelt, Maryland, on Monday ruled the…
(Reuters) – Palo Alto Networks forecast fourth-quarter billings above Wall Street estimates on Monday, a sign that clients are turning to the cybersecurity firm for its integrated software security tools. The company expects fourth-quarter billings to be between $3.43 billion and $3.48 billion, the mid point of which is slightly above analysts’ average estimate of…
(Reuters) -Costco Wholesale beat third-quarter revenue expectations on Thursday, as cash-strapped consumers flocked to its warehouses to grab low-priced groceries and discretionary items. The membership-only retailer saw resilient demand for its groceries and bakery items as consumers grappling with still-high cost of living preferred cooking more meals at home. With consumers trading down to shop…
(Reuters) -Amazon.com said on Wednesday it would discontinue its security robot, Astro for Business, for small- and medium-sized businesses as it shifts its focus to household robots. The e-commerce giant initially launched the canine-like robot for household use in 2021. Astro for Business was launched last November for a range of customers including retail, manufacturing,…
BEIJING (Reuters) – A decision by the Trump administration to sanction China’s Xiaomi Corp in early 2021 was the catalyst for the company’s decision to build its first electric car, CEO Lei Jun said on Friday. Best known for its smartphones and home appliances, Xiaomi entered China’s crowded EV market this year, part of its…
TORONTO (Reuters) -Bank of Nova Scotia said on Tuesday that upcoming elections in the U.S. and Mexico are creating political uncertainty but Canada’s third-biggest lender was well equipped to navigate the region’s shifting environments. Scotiabank’s presence in the United States, Canada and Mexico makes it unique among Canadian banks, giving it among the biggest exposure…
By Luc Cohen and Susan Heavey NEW YORK/WASHINGTON (Reuters) -Donald Trump’s July 11 sentencing on charges stemming from hush money paid to a porn star may be delayed after prosecutors said on Tuesday they don’t object to giving the former U.S. president a chance to argue he should have been immune from prosecution. Trump’s lawyers…
To justify his threat of a 100 per cent tariff on imports from China, US President Donald Trump framed China’s tightening of its export controls on…
By Moira Warburton WASHINGTON (Reuters) -A growing number of Democrats in Congress are publicly calling on Democratic President Joe Biden to end his reelection bid after the 81-year-old incumbent’s halting debate performance against Republican rival Donald Trump. While many lawmakers have expressed unease with Biden’s continued candidacy – and others have steadfastly backed the incumbent’s…
