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Senator wants U.S. to pause implementation of new electric vehicle tax credits

BY Reuters  • December 29, 2022December 29, 2022
(Reuters) – Senate Energy and Natural Resources Committee chair Joe Manchin on Thursday urged the U.S. Treasury to pause implementation of commercial and consumer electric vehicle tax credits. T[...]
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U.S. sues AmerisourceBergen, says distributor helped ignite opioid epidemic

BY Reuters  • December 29, 2022December 29, 2022
By Nate Raymond, Jonathan Stempel and Gram Slattery WASHINGTON (Reuters) -The U.S. government on Thursday filed a lawsuit accusing AmerisourceBergen Corp, one of the nation’s largest drug distri[...]
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Jobless benefits rolls grow but U.S. labor market remains resilient

BY Reuters  • December 29, 2022December 29, 2022
By Dan Burns (Reuters) -The number of Americans filing new claims for unemployment benefits edged higher last week and a week earlier the total number on jobless assistance reached the highest since F[...]
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Business Economy Top News Updated US

Biden tax credits aim to jolt electric delivery truck demand

BY Reuters  • December 29, 2022December 29, 2022
By Lisa Baertlein (Reuters) – The United States will introduce incentives on Jan. 1 for delivery firms and other companies to switch to electric trucks as part of a broad push to get polluting,[...]
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Analysis-China’s services sector eyes recovery after reopening, but challenges loom

BY Reuters  • December 29, 2022December 29, 2022
By Joe Cash and Engen Tham BEIJING/SHANGHAI (Reuters) – Jordan Li, a restaurant owner in the southwestern Chinese city of Chengdu, hopes desperately that next month’s Lunar New Year holida[...]
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Southwest flight upheaval a ‘system failure,’ U.S. says

BY Reuters  • December 29, 2022December 29, 2022
By Kanishka Singh WASHINGTON (Reuters) -U.S. Transportation Secretary Pete Buttigieg on Wednesday ratcheted up pressure on Southwest Airlines, saying thousands more canceled flights indicated a system[...]
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Business Environment Top News Updated

U.S. stocks drop on recession fears, Nasdaq closes at new bear market low

BY Reuters  • December 28, 2022December 29, 2022
By Echo Wang (Reuters) – Wall Street’s main indexes ended weaker on Wednesday, with the Nasdaq hitting a 2022 closing low, as investors grappled with mixed economic data, rising COVID case[...]
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Asia Business Economy Top News Updated US

Tesla shares record rare jump this month on the way to worst year

BY Reuters  • December 28, 2022December 28, 2022
(Reuters) – Shares of Tesla Inc snapped a seven-session losing streak on Wednesday, in their rare rise this month on the way to what will be the electric-vehicle maker’s worst year on reco[...]
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Google, YouTube content providers must face U.S. children’s privacy lawsuit

BY Reuters  • December 28, 2022December 28, 2022
By Jonathan Stempel (Reuters) – A U.S. appeals court on Wednesday revived a lawsuit accusing Alphabet Inc’s Google and several other companies of violating the privacy of children under ag[...]
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