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- American starts letting customers mix cash and miles for tickets
American is joining other carriers that allow customers to book with a combination of points and miles. [TheTopNews] Read More.11 mins ago - Soft Jobs Report Boosts Market Bets Fed Will Skip October Rate Increase
The odds of an interest rate change at the Federal Reserve’s meeting in late October have dropped following a softer jobs report and strong signaling from bank officials. [TheTopNews] Read More.18 mins ago - U.S. and Allies Agree to Release Diesel Reserves as Prices SoarThe Group of 7, which includes Britain, France, Japan and others, announced the release of 100 million barrels over four months, effective immediately. [TheTopNews] Read More.20 mins ago
- Mash-Up of Paramount and Warner Bros. Will Be Called SkydanceDavid Ellison, the tech scion who will run the combined company, borrowed the name of his original entertainment company that reflects his love of aviation. [TheTopNews] Read More.35 mins ago
- America Wants to Make More Generic Drugs. India Shows Why That’s Hard.Cheap labor and global supply chains are among the obstacles to President Trump’s plan to bring generic drug manufacturing back home. [TheTopNews] Read More.60 mins ago
- Tesla posts stronger-than-expected quarterly deliveries
Tesla beat Wall Street estimates for third-quarter deliveries on Friday, as sales in Europe recovered from last year's slump and made up for weaker demand in the electric-vehicle maker's two biggest markets, the US and China.Shares of the Austin, Texas-based company rose nearly 2% in premarket trading. Through last close, the stock had fallen more than 21% so far this year.The rebound in Europe partially offset the hit to demand from the loss of U.S. tax incentives last year and tougher competition in China.TESLA BEGINS DELIVERING SEMI TRUCKS TO CUSTOMERS AFTER YEARS OF DELAYSThe company delivered 486,532 vehicles in the July-September period, compared with analysts' average estimate of 456,896 vehicles, according to data compiled by Visible Alpha.TESLA REOPENS ROADSTER RESERVATIONS – BUT YOU'LL NEED $50KThe figures suggest Tesla's core car business may be leveling off after two straight years of falling annual sales. It needs to deliver at least 311,448 vehicles in the fourth quarter to avert a third straight annual decline in deliveries.Demand looked strong going into the quarter as finance chief Vaibhav Taneja said in July Tesla "exited Q2 with our largest order backlog since 2023."After last year's slump in Europe – partly due to backlash against CEO Elon Musk's politics – EU registrations rose by about two-thirds through August. In France, the Model Y became the best-selling car of any type, the first time a Tesla has topped that ranking.Exports from Tesla's Shanghai factory nearly doubled in July and August.TESLA FILES PLANS FOR PROPOSED $10.1B TEXAS SOLAR MANUFACTURING PLANTAnalysts expect the slow rollout of the company's Full Self-Driving software in Europe to help sales further as FSD is now approved in eight countries.Investors, though, have increasingly looked past quarterly deliveries as Musk shifts Tesla's focus toward AI, self-driving cars, humanoid robots and energy.GET FOX BUSINESS ON THE GO BY CLICKING HERETesla's robotaxi service now runs without a safety supervisor inside the car in Texas and Florida. Last month, the company added its purpose-built Cybercab to its existing robotaxi service in Austin.The company produced 464,391 vehicles during the third quarter, below estimates of 486,761 vehicles. [TheTopNews] Read More.1 hour ago
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