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Trump's proposed tariffs on Canada would drive up pump prices, analysts warn

U.S. President-elect Donald Trump's pledge to impose tariffs on Canada would drive up fuel prices for Americans as it would upend decades-old oil trade from its top crude supplier, analysts said on Wednesday. Trump, who takes office on Jan. 20, said this week he would impose a 25% tariff on all imports from Canada and Mexico until they clamp down on drugs and migrants crossing the border. Canadian oil imports would not be exempt under a free-trade deal from the levies, Reuters reported.

Reuters 49 minutes ago

Uber Faces FTC Consumer Protection Probe Over Subscriptions

(Bloomberg) -- The US Federal Trade Commission is looking into whether Uber Technologies Inc. violated consumer protection laws with its flagship subscription service. Most Read from BloombergIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldThe FTC is investigating Uber over enrollment and cancel

Krishnan to Leave Andreessen, Talks With Musk on Future Role

(Bloomberg) -- Andreessen Horowitz general partner Sriram Krishnan is leaving the venture capital firm, and has had discussions with Elon Musk about joining his efforts to improve government efficiency.Most Read from BloombergIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldKrishnan’s departure w

Bitcoin last up 5.05% at $96,286

Bitcoin rose 5.05% to $96,286 at 2130 GMT on Wednesday, adding $4,633 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 150.3% from the year's low of $38,505 on Jan. 23.

US labor board judge rules Exxon's Texas refinery union lockout was legal

A U.S. National Labor Relations Board administrative law judge has ruled Exxon Mobil's 10-month-long lockout of some 600 union workers at a Texas oil refinery during a contract dispute was legal. The judge sided with Exxon in his decision on Nov. 21, finding the 2021 and 2022 lockout was to pressure the United Steelworkers union workers toward a deal, not to oust the union from the 369,024 barrel-per-day (bpd) Beaumont, Texas, refinery complex. The USW had faced a decertification campaign and filed an unfair labor practice complaint during the lockout, alleging an improper effort to break the plant's union.

Driverless Tech Firm Pony AI’s Shares Sink 7.7% After US IPO

(Bloomberg) -- Pony AI Inc.’s American depositary shares erased an early pop to decline 7.7% in their trading debut after raising $413.4 million in an initial public offering and concurrent private placements, after delaying the pricing by a week.Most Read from BloombergIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Kansas City, a First-Ever Stadium Designed for Women’s

Dell and HP Inc. Fall After Reporting Disappointing PC Sales

(Bloomberg) -- Shares of Dell Technologies Inc. and HP Inc. dropped on Wednesday after both companies reported weak results, disappointing investors who have been waiting for a recovery in the personal computer market.Most Read from BloombergIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldRevenu

Microsoft Faces Broad Antitrust Investigation From US FTC

(Bloomberg) -- The US Federal Trade Commission has opened an antitrust investigation of Microsoft Corp., drilling into everything from the company’s cloud computing and software licensing businesses to cybersecurity offerings and artificial intelligence products. Most Read from BloombergIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Kansas City, a First-Ever Stadium Des

Checkr Triples Revenue as Background-Check Firm Courts Large Enterprise Clients

(Bloomberg) -- Checkr Group Inc., the background-check vendor that got its start screening couriers and rideshare drivers, has more than tripled its revenue in two years as its customer base has grown to include more large enterprises.Most Read from BloombergIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Take

Black Friday tech tips for shopping for video games, headphones, TVs, and more

These are the top tips for scoring the best deals on tech this Black Friday

CrowdStrike Falls a Day After Disappointing Earnings Outlook

(Bloomberg) -- CrowdStrike Holdings Inc. fell in early trading on Wednesday after the cybersecurity company issued a weaker-than-expected earnings forecast, disappointing investors who have been watching for signs that it has recovered from a flawed update that crashed computers around the world.Most Read from BloombergIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Kans