Wealth Growth Daily

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RTX fined $200 million for exports to China and others, US says

BY Reuters  • August 30, 2024August 30, 2024
By Mike Stone WASHINGTON (Reuters) -RTX Corp will pay a $200 million fine to settle allegations that the aerospace and defense company violated export laws by exchanging data and products with prohibi[...]
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Canada rail union launches court challenges to back-to-work order

BY Reuters  • August 30, 2024August 30, 2024
By David Ljunggren and Anna Mehler Paperny OTTAWA (Reuters) -The union representing workers at Canada’s two main rail companies said on Friday it had filed court challenges against rulings by th[...]
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CrowdStrike exec to testify before Congress on IT outage

BY Reuters  • August 30, 2024August 30, 2024
By David Shepardson WASHINGTON (Reuters) -A senior executive at cybersecurity firm CrowdStrike will testify before a U.S. House of Representatives subcommittee on Sept. 24 on the company’s fault[...]
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Tesla Beijing to recall 870 imported model X EVs, China regulator says

BY Reuters  • August 30, 2024August 30, 2024
HONG KONG (Reuters) – China’s market regulator said on Friday that Tesla Motors Beijing will recall 870 imported Model X vehicles from Oct. 8 due to a need to check the adhesive used to at[...]
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USTR delays final determination on China tariffs, announcement due in coming days

BY Reuters  • August 30, 2024August 30, 2024
By David Lawder WASHINGTON (Reuters) -The Biden administration on Friday again delayed an announcement of its final determinations for steep U.S. tariff hikes on Chinese-made electric vehicles, batter[...]
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Trump would axe Biden clean power rules, speed power plant approvals, campaign says

BY Reuters  • August 30, 2024August 30, 2024
By Timothy Gardner WASHINGTON (Reuters) – Donald Trump would rescind many of President Joe Biden’s clean energy rules while also speeding approvals of power plants to meet the nation[...]
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GM, Lithium Americas agree to delay $330 million investment in Thacker Pass

BY Reuters  • August 30, 2024August 30, 2024
(Reuters) -Lithium Americas said on Friday that General Motors had agreed to delay an additional investment worth $330 million in the miner until the end of the year. The U.S. automaker in January 202[...]
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Fed seen poised for September rate cut as inflation cools

BY Reuters  • August 30, 2024August 30, 2024
By Ann Saphir (Reuters) -Federal Reserve policymakers on Friday got fresh confirmation that inflation is continuing to ease, clearing the way for a first interest rate reduction next month as they shi[...]
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China’s top airlines post losses amid slow international travel

BY Reuters  • August 30, 2024August 30, 2024
BEIJING (Reuters) -China’s leading state-owned airlines posted losses in the first half of the year, weighed down by a slower-than-expected rebound in international travel, domestic oversupply,[...]
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