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Chinese EVs are making inroads in North America. That worries industry experts

DETROIT (AP) - Chinese automakers have been making inroads around the world with growing sales of their high-tech, stylish and affordable electric vehicles. That has had competitors concerned even before Canada this week agreed to cut its tariffs on Chinese EVs in exchange for ...
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Exclusive-US moving fast to expand Chevron’s Venezuela license, Energy Secretary Wright tells Reuters

By Valerie Volcovici WASHINGTON, Jan 16 (Reuters) - The U.S. is moving as fast as it can to grant Chevron an expanded license for its oil production in Venezuela, U.S. Energy Secretary Chris Wright told Reuters on Friday. The U.S. plans to let Chevron compensate ...
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Cities designed 1-way streets to speed up traffic. Now they are scrapping them to slow it down

Excessive speeding was so common on parallel one-way streets passing a massive electronics plant that Indianapolis residents used to refer to the pair as a "racetrack" akin to the city's famous Motor Speedway a few miles west. Originally two-way thoroughfares, Michigan and New York streets ...
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South Korea says US chip tariff to have limited immediate impact

SEOUL, Jan 17 (Reuters) - South Korea's trade minister said on Saturday that a U.S. proclamation imposing a 25% tariff on certain advanced computing chips would have a limited impact on South Korean companies. "While the government remains cautious at an early stage, the ...
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Wall Street banks face test with Trump’s call for credit card rate cap

By Saeed Azhar, Tatiana Bautzer and Manya Saini NEW YORK, Jan 16 (Reuters) - U.S. banks on Tuesday face a tricky political test in how to address a call from President Donald Trump to cap credit card interest rates - leaving the finance industry scrambling ...
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Netflix, Warner Bros bonds among $100 million purchased by Trump

By Nandita Bose WASHINGTON, Jan 16 (Reuters) - U.S. President Donald Trump purchased about $100 million in municipal and corporate bonds from mid-November to late December, his latest disclosures showed, including up to $2 million in Netflix and Warner Bros Discovery bonds just weeks after ...
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Fed’s Jefferson says he considers Powell to be ‘of the highest integrity’

By Howard Schneider BOCA RATON, Jan 16 (Reuters) - U.S. Federal Reserve Vice Chair Philip Jefferson, responding to the Department of Justice subpoena of Fed Chair Jerome Powell, said on Friday he considered Powell to be "of the highest integrity." "I have great respect for the ...
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US rail regulator says Union Pacific, Norfolk Southern merger filing incomplete

By Sabrina Valle and David Shepardson Jan 16 (Reuters) - The U.S. Surface Transportation Board on Friday sent back Union Pacific's proposed $85 billion merger with Norfolk Southern for revision, saying it lacked required information, as part of a review in which the U.S. transport ...
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Takeaways from the AP’s report on turmoil surrounding the FDA’s new fast-track drug program

WASHINGTON (AP) - A plan to slash drug review times at the Food and Drug Administration is sparking deep concerns among agency staffers and outside experts, with some saying the poorly defined effort is taking key decisions away from career scientists and placing them ...
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Legal questions swirl around FDA’s new expedited drug program, including who should sign off

WASHINGTON (AP) - The Food and Drug Administration commissioner's effort to drastically shorten the review of drugs favored by President Donald Trump's administration is causing alarm across the agency, stoking worries that the plan may run afoul of legal, ethical and scientific standards long ...
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JPMorgan forms new advisory group to tap boom in private markets

Jan 16 (Reuters) - JPMorgan Chase has formed a new advisory team to help companies and sponsors raise money from private markets, it said on Friday, as the largest U.S. lender looks to deepen its presence in the red-hot alternative asset class. The new ...
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Dealmakers see more retail mergers and IPOs in 2026 after tariffs sidelined M&A last year

By Abigail Summerville ORLANDO, Florida, Jan 16 ((Reuters)) - Dealmakers predict an uptick in mergers and IPOs for retailers and consumer goods companies this year after punishing tariffs on imports to the U.S. had sidelined activity in the industry for the first half of 2025. Several ...
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