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Reactions to Tesla’s launch of cheaper Model Y and Model 3

(Reuters) -Tesla unveiled more affordable versions of its best-selling Model Y SUV and its Model 3 sedan on Tuesday at $39,990 and $36,990, respectively, as the electric-vehicle maker seeks to reverse falling sales and waning market share amid rising competition. MARKET REACTION: Tesla shares dropped 3.6% ...
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Factbox-How Tesla’s cheaper models compare with other electric vehicles

(Reuters) -Tesla unveiled more affordable versions of its best-selling Model Y SUV and Model 3 sedan on Tuesday at $39,990 and $36,990, respectively, as the electric-vehicle maker seeks to reverse falling sales and waning market share amid rising competition.(Reporting by Zaheer Kachwala in ...
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Purrfect ending: Missing Virginia store cat found after hitching a ride to another state

Francine the calico cat is back home at a Lowe’s store in Virginia after going missing for a few weeks, hitching a ride on a truck that turned up at a sister facility in another state. Two employees from a Lowe’s in Richmond made the ...
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US port fees, and $3 billion in costs, loom for owners of Chinese-built ships

By Lisa Baertlein LOS ANGELES (Reuters) -The U.S. is one week away from imposing port fees on certain vessels with links to China, a move expected to cost the top 10 carriers $3.2 billion next year as President Donald Trump seeks to address China’s growing ...
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US may revoke $1.1 billion in auto plant funding for Stellantis, GM

WASHINGTON (Reuters) -The U.S. Energy Department is considering revoking nearly $1.1 billion awarded in retooling grants to Chrysler-parent Stellantis and General Motors last year by the administration of President Joe Biden, according to a document seen by Reuters. The projects are among a list of ...
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Fed’s Kashkari says he’s skeptical AI is replacing workers, but it may push up rates

By Ann Saphir (Reuters) -Federal Reserve Bank of Minneapolis President Neel Kashkari on Tuesday said that while he doesn’t believe artificial intelligence will quickly replace U.S. workers, massive investment in AI data centers will tend to drive borrowing costs higher, even if the Fed reduces ...
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IMF warns banks and supervisors of liquidity risks in $9.6 trillion FX market

By Stefania Spezzati and Elisa Martinuzzi LONDON (Reuters) -Financial institutions that dominate the $9.6 trillion currency market should hold the necessary liquidity and capital buffers and run enhanced stress tests to prevent disruptions to the financial system, according to an International Monetary Fund report ...
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Trump promises trade fairness for Canada, noncommittal on USMCA deal

By Maria Cheng and Andrea Shalal WASHINGTON (Reuters) -U.S. President Donald Trump on Tuesday promised to treat Canada fairly in talks over punishing U.S. tariffs on Canadian goods, but was less committed about a continental trade deal that also includes Mexico. “I think they’re going ...
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US power use to reach record highs in 2025 and 2026, EIA says

By Scott DiSavino (Reuters) -U.S. power consumption will hit record highs in 2025 and 2026, the Energy Information Administration said in its short-term energy outlook on Tuesday. The EIA projected power demand will rise to 4,191 billion kilowatt-hours in 2025 and 4,305 billion kWh in 2026, ...
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EIA hikes US oil output forecast, warns oversupply will slash prices

NEW YORK (Reuters) -U.S. oil production is expected to hit a larger record this year than previously expected, the Energy Information Administration said on Tuesday, even as the agency warned that a glut of oil will weigh on prices in the months ahead. The Department ...
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Commonwealth LNG wants more time to build planned export facility in Louisiana

By Curtis Williams HOUSTON (Reuters) -Commonwealth LNG has asked federal regulators for a four-year extension to construct and begin exporting liquefied natural gas from a proposed export facility in Cameron Parish, Louisiana, a regulatory document shows. In a letter to the Federal Energy Regulatory Commission, Commonwealth ...
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Exclusive-Pentagon’s Hegseth okays US Navy next-generation fighter, sources say

By Mike Stone WASHINGTON (Reuters) -After months of delay, the Pentagon will select as soon as this week the defense company to design and build the Navy’s next stealth fighter, a U.S. official and two people familiar with the decision said, it will be a ...
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