Business

Millions of people receive a federal tax deduction for the interest they pay on home loans. Under President Donald Trump’s new tax-cut law, many people for the first time also could claim a tax deduction for interest on their vehicle loans. The new tax break will be available even to people who don’t itemize deductions. But there are some caveats …

American Airlines will give winter-weary travelers some warm-weather escapes later this year. The Fort Worth-based airline announced this week that it would add three new routes across Latin America for the winter season. The new flights include service between Chicago and two destinations in Mexico: Mexico City and Queretaro. American will also add service between Philadelphia and Santo Domingo, Dominican …

Linda Yaccarino: Elon Musk’s X deputy who ‘tried to ride the tiger’  Financial Times Linda Yaccarino is leaving Elon Musk’s X after two years as CEO  CNN X advertisers silent after Grok goes off the rails, CEO resigns  NBC News Elon Musk’s X faces an uncertain future  Axios Week in Review: X CEO Linda Yaccarino steps down  Yahoo Finance Source link

Vietnam got an early trade deal with Donald Trump. Was it worth it?  Financial Times Vietnam thought it had a deal on its US tariff rate. Then Trump stepped in.  Politico Trump Targets ‘Transshipments’ in Trade Negotiations. No One Is Sure What It Means.  Barron’s Vietnam plans new penalties for illegal transshipments after Trump deal, documents show  Reuters Vietnam Surprised by Trump Tariff Decision, …

Five Themes for Investors to Watch as Earnings Season Kicks Off  Bloomberg.comView Full Coverage on Google News Source link

As Tesla Stumbles, SpaceX’s Finances Go From Strength to Strength  The Wall Street Journal SpaceX set to be world’s most valuable private firm  Semafor SpaceX Valuation to Hit Around $400 Billion in Share Sale  Bloomberg.com SpaceX Just Made Elon Musk $20 Billion Richer  Barron’s Musk’s SpaceX Is Worth $400 Billion, xAI Worth $200 Billion  24/7 Wall St. Source link

New Copper Tariffs Could Push Nvidia Closer To Navitas (NASDAQ:NVTS)  Seeking Alpha Opinion | Trump’s Tariffs Blow Up the Copper Market  The Wall Street Journal Manufacturers plead for US tariff clarity before copper stockpiles dwindle  Financial Times Once-in-a-Generation Copper Trade Upends a $250 Billion Market  Bloomberg.com Trump’s copper tariffs pile more metal misery on US auto industry  Reuters Source link

PORTLAND, Ore. (KATU) — In a revised letter to state and local officials on Thursday, tech giant Intel Corporation said it will be laying off 2,392 employees in Oregon. On Monday, Intel said it had planned to lay off 529 employees. In its revised WARN letter the company said the lay offs will begin Tuesday, July 15 and “are expected …

The political division in the US Congress over digital assets seems to be deepening as top Democrats in the House of Representatives have announced their agenda following Republicans’ push to address three crypto-related bills starting on Monday. In a Friday notice, House Financial Services Committee ranking member Maxine Waters and the digital assets subcommittee ranking member Stephen Lynch said they …

Exclusive | SpaceX to Invest $2 Billion Into Elon Musk’s xAI  The Wall Street JournalView Full Coverage on Google News Source link