Latest in Cuts Funding Cruise
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Meta donates $1mn to Trump’s inauguration fund
First-time contribution shows social media platform and its chief are trying to mend relations with president-electFinancial Times - 1h -
Meta donates $1 million to Trump's inaugural fund
The move comes two weeks after Meta CEO Mark Zuckerberg traveled to Florida and dined with President-elect Donald Trump in Mar-a-Lago.CBS News - 2h -
Nato’s European members discuss 3% target for defence spending
Increased military expenditure could be agreed at next year’s summit, intensifying pressure on national budgetsFinancial Times - 2h -
Selfridges’ Thai co-owner says it overpaid for luxury store portfolio
Head of Central Group family conglomerate says higher global interest rates make original £4bn price tag less attractiveFinancial Times - 2h -
Lawmakers edge closer to deal on government funding
Lawmakers say they are edging closer to a deal to keep the government's lights on in nine days but are still trying to work out differences over disaster aid and potential add-ons to the bill. ...The Hill - 8h -
Here’s how big a hit Microsoft is taking on its investment in GM’s Cruise
Microsoft warned investors it will book an impairment charge in its fiscal second quarter related to its investment in GM’s Cruise robotaxi unit back in 2021.MarketWatch - 9h -
Microsoft to Incur $800 Million Charge Tied to Cruise Robotaxi
Microsoft said it will record an $800 million impairment charge tied to its minority investment in General Motors’ now-scrapped Cruise robotaxi program.The Wall Street Journal - 9h -
GM to Shut Down Its Cruise Robotaxi Project
The company said it would now focus its efforts on developing fully autonomous vehicles for personal use.The New York Times - 14h -
GM Ends Cruise Robotaxi Efforts and Steers Its Self-Driving Tech to Passenger Cars
The Detroit auto giant says it’s halting its investment in Cruise’s robotaxi project at $4.4 billion, and integrating its technology into its own vehicles’ autonomous driving features.Inc. - 18h -
Vestas to Cut Jobs at U.K. Factory
Vestas Wind Systems could cut hundreds of jobs at its Isle of Wight factory as it plans to repurpose the site to manufacture onshore turbine blades.The Wall Street Journal - 18h -
General Motors Scraps Cruise Robotaxi Program
Carmaker cites competition, time and costs needed to scale the business.The Wall Street Journal - 1d -
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
General Motors says it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle unitABC News - 1d -
General Motors Cuts Funding to Cruise, Nixing Its Robotaxi Plan
The automaker has sunk billions into making a self-driving car service work. Now it says it will focus on “personal” autonomous vehicles instead.Wired - 1d -
Democrats fear more IRS cuts in funding fight with GOP
The White House and congressional Democrats are fighting to protect $20 billion in funds for the IRS as the tax collection agency faces significant changes next year. As bipartisan funding talks ...The Hill - 20h -
GM gives up on loss-making Cruise robotaxi business
STORY: General Motors is giving up on its Cruise robotaxi business. The auto giant said Tuesday that it would end development at the loss-making unit, which had once been a top priority. GM said ...Yahoo Sports - 1d -
GM exits robotaxi market, will bring Cruise operations in house
General Motors will no longer fund its Cruise division's robotaxi development, effectively pulling out of the market.CNBC - 1d -
How GM’s self-driving strategy is evolving as it gives up on Cruise business
General Motors has bailed on its Cruise robotaxis, citing the amount of time and money needed to scale the business and an “increasingly competitive” market for autonomous vehicles.MarketWatch - 1d -
GM to stop funding troubled Cruise autonomous vehicle unit
General Motors says it will move away from the robotaxi business and cease funding its money-losing Cruise autonomous vehicle division that originated as a San Francisco start-up.CBS News - 1d -
Designer Brands Cuts 2024 Outlook
Designer Brands said its sales fell in the third quarter and cut its outlook for the year as unfavorable weather and economic uncertainty reduced consumer spending. Shares fell premarket.The Wall Street Journal - 1d -
Short-handed Grizzlies cruise to 140-112 win over Wizards
Jaren Jackson Jr. scored 21 points, Scotty Pippen Jr. had 14 points and 12 assists and the short-handed Memphis Grizzlies romped to a 140-112 victory over the Washington WizardsABC News - 3d -
Wilson throws for 2 touchdowns as Steelers cruise past mistake-prone Browns 27-14
Russell Wilson threw for 158 yards and two touchdowns and the Pittsburgh Steelers pulled away from the mistake-prone Cleveland Browns 27-14ABC News - 3d -
Leinster spark into life and cruise past Bristol
Leinster begin their pursuit of a fifth Investec Champions Cup crown with a ruthless second half display to claim a bonus-point victory over Bristol Bears at Ashton Gate.BBC News - 3d -
‘Moana 2’ cruises to another record weekend and $600 million globally
“Moana 2” remains at the top of the box office in its second weekend in theaters as it pulled in another record haulABC News - 3d -
Why Disney Is Plowing Cash Into a Cruise Line Expansion
The entertainment titan plans to launch seven new cruise ships by 2031, looking to overseas markets far from theme parks.The Wall Street Journal - 3d -
Saints cruise past Castres to claim bonus point
Northampton Saints kick-start their Investec Champions Cup campaign with a comfortable bonus-point victory over Castres at a blustery Franklin's Gardens.BBC News - 4d -
This investment is cheaper and better than mutual funds
Opponents shouldn’t block 403(b)s from purchasing collective investment trustsMarketWatch - 4d -
Julius Randle scores 20 points as Timberwolves cruise to 108-80 victory over Clippers
Julius Randle scored 16 of his 20 points in the first quarter, Anthony Edwards added 16 and the Minnesota Timberwolves rolled to a 108-80 victory over the Los Angeles Clippers on Wednesday nightABC News - 6d -
Europe races to set up €500bn defence fund
Initiative is open to UK and would tap bond markets to boost spending for Trump’s White House returnFinancial Times - 6d -
Manchester City back to winning ways as they cruise past Nottingham Forest
. Manchester City snapped out of their downward spiral as they roared back into life with a convincing 3-0 victory over Nottingham Forest.. Goals from Bernardo Silva, a rejuvenated Kevin De Bruyne ...The Guardian - Dec. 4 -
Mexico's Senate votes to charge cruise ship passengers $42 per head for port calls
Mexico's Senate has voted to charge cruise ship passengers $42 per head for port calls, drawing sharp criticism from the tourism industryABC News - Dec. 4 -
9 states poised to end coverage for millions if Trump cuts Medicaid funding
About 3.7 million people are at immediate risk of losing health coverage should the federal government cut funding for Medicaid expansions, as some allies of President-elect Donald Trump have ...CBS News - Dec. 4 -
Travel Tuesday deals are here — 5 tips for booking the best flights, cruises and other discounts
What to know about Cyber Week’s latest sales event, which is supposed to be the Black Friday or Cyber Monday of travel deals.MarketWatch - Dec. 3 -
Visiting Europe's Christmas markets? Here's how to do it — via a river cruise
A river cruise is a convenient way to explore some of the oldest and most famous Christmas markets in Europe, writes contributor Penny Sadler.CNBC - Dec. 2
