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Boeing secures $2.8 billion US satellite contract

(Reuters) -Boeing Co said on Thursday it had secured a $2.8 billion U.S. contract to develop and produce two satellites with options for two more. The Evolved Strategic Satellite Communications (ESS) program will deliver space-based nuclear, command, control, and communications for the U.S. president and ...
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RBNZ to hold rates at 3.25% on July 9 but cut once more this year: Reuters poll

By Veronica Dudei Maia Khongwir BENGALURU (Reuters) -The Reserve Bank of New Zealand will leave interest rates unchanged on July 9, a majority of economists polled by Reuters expected, with the median forecast showing just one more 25 basis point cut this year compared with ...
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US electric vehicle tax breaks will expire on Sept. 30

By David Shepardson (Reuters) -It is the end of the line for U.S. electric vehicle tax credits. Sweeping tax and budget legislation approved by Congress on Thursday means $7,500 tax credits for buying or leasing new electric vehicles will end on September 30, as well as ...
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U.S. House approves Trump’s mega budget bill

(Reuters) -The Republican-controlled U.S. House of Representatives passedPresident Donald Trump’s massive tax-cut and spending bill on Thursday. The megabill, which makes permanent the lower individual and business tax rates in Trump’s 2017 tax cut package, will add $3.4 trillion to the nation’s $36.2 trillion debt ...
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What to know about buying electric vehicles after the federal tax incentives end

The massive tax and spending cut bill that Congress passed Thursday ends federal tax incentives for electric vehicles. Buyers have until Sept. 30 to qualify for the federal tax credits on EVs before they are terminated. But experts say there are still strong financial ...
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What’s in Trump’s big bill that passed Congress and will soon become law

WASHINGTON (AP) — Republicans muscled President Donald Trump’s tax and spending cut bill through the House on Thursday, the final step necessary to get the bill to his desk by the GOP’s self-imposed deadline of July 4th. At nearly 900 pages, the legislation is ...
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Takeaways as Congress sends tax and spending cuts bill to Trump’s desk

WASHINGTON (AP) — The House has passed the massive tax and spending cuts package that President Donald Trump calls “beautiful,” getting it to his desk a day before the July 4 deadline that he had set. The 887-page bill includes spending cuts, tax breaks, ...
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US Treasury chief sees 100 countries getting 10% reciprocal tariff

WASHINGTON (Reuters) -About 100 countries are likely to see a reciprocal tariff rate of 10%, U.S. Treasury Secretary Scott Bessent said on Thursday, adding that he expects “a flurry” of trade deals announced before a July 9 deadline that could see tariff rates increase ...
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Analysis-Trump tax bill averts one debt crisis but makes future financial woes worse

By Davide Barbuscia NEW YORK (Reuters) -President Donald Trump’s tax-cut and spending bill, which passed Congress on Thursday, averts the near-term prospect of a U.S. government default but makes America’s long-term debt problems even worse. Republican lawmakers in the House of Representatives approved the bill that ...
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United, JetBlue ask US to reject Spirit Airlines complaint over partnership

(Reuters) -JetBlue Airways and United Airlines on Thursday asked the U.S. Transportation Department to reject a complaint filed by Spirit Airlines over their proposed partnership. United and JetBlue said in May their “Blue Sky” tie-up would allow travelers to book flights on both carriers’ websites, ...
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Sutskever to lead Safe Superintelligence after Meta poaches CEO Gross in AI talent war

By Krystal Hu (Reuters) -Ilya Sutskever has taken over the reins of Safe Superintelligence (SSI), the artificial intelligence startup he launched last year, after losing CEO Daniel Gross to an intensifying talent war in the industry. Gross has joined Meta Platforms to lead its AI products ...
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Denny’s and Waffle House remove egg surcharges as prices fall

Denny’s and Waffle House have removed surcharges that the two restaurant chains added to their menus when U.S. egg prices spiked earlier in the year. Denny’s confirmed Thursday that it eliminated its egg surcharge on May 21. Waffle House said Wednesday on social media ...
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