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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

WSJ.com: US Business

America's War Machine Runs on Rare-Earth Magnets. China Owns That Market.

Fri, May 03, 2024

China dominates the market, but U.S. defense needs are pushing a revival effort after decades of deindustrialization....

Elon Musk Tries to Make Himself Indispensable at Tesla Ahead of Pay Vote

Fri, May 03, 2024

The CEO is shifting the EV maker’s strategy and suggesting that he could take his ideas on AI elsewhere....

Bombardier Sets Course Beyond Jet Making for Future Growth

Fri, May 03, 2024

The Canadian business-jet manufacturer said it plans to focus on three segments—defense, aftermarket services and selling pre-owned certified aircraft—as key pillars to grow its revenue and cash reserves in the coming years....

AI Could Breathe Life Back into Apple's iPhone Sales

Fri, May 03, 2024

Apple — and investors — are looking to artificial intelligence to breathe new life into its offerings, particularly as iPhone sales continue to sputter....

EV Makers Get Two-Year Reprieve on Tax-Credit Restrictions

Fri, May 03, 2024

The Treasury Department has extended eligibility for cars containing Chinese graphite through 2026....

Questions Potential Business Partners Should Ask Themselves

Fri, May 03, 2024

Starting a new company with somebody requires a hard conversation. Better now than later....

FTC Seeks More Information on $16.5 Billion Novo-Catalent Deal

Fri, May 03, 2024

The request signals that the agency is reviewing whether the deal could be anticompetitive under U.S. law....

Exxon Completes $60 Billion Pioneer Natural Resources Acquisition

Fri, May 03, 2024

Exxon Mobil has completed its $60 billion acquisition of rival Pioneer Natural Resources after reaching an agreement with antitrust regulators, closing out the largest oil-and-gas deal in decades....

Puig Shares Jump on Debut

Fri, May 03, 2024

Shares of Jean Paul Gaultier owner Puig rose sharply above the listing price on their trading debut in Spain after the world’s biggest initial public offering so far this year....

Boeing's Latest Trouble Is a Jet Part Caught Up in Russia Sanctions

Fri, May 03, 2024

The plane maker can’t deliver enough 787 Dreamliners after sanctions disrupted production of heat exchangers....