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Big Tech hopes Trump's new FTC boss will be friendlier. Not everyone is so sure.

Donald Trump’s pick to run the Federal Trade Commission set off a fresh round of questions about what it could mean for the antitrust crackdown on Big Tech.

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Chevron working on supply of power to data centers, executive says

U.S. oil major Chevron Corp is considering ways to supply lower carbon power for data center operators, Jeff Gustavson, president of Chevron New Energies said in an interview at the Reuters NEXT conference in New York. Gustavson's comments follow a similar announcement by Exxon Mobil on Wednesday, which said it is working to help advance low-carbon electricity by adding carbon-capture to natural gas-fired power plants supplying data centers. "We are working on this as well," Gustavson said, adding that Chevron's experience supplying natural gas around the world, and operating natural gas fired power equipment, positions the company well to meet booming electricity demand from data centers.

Tinder Warns of Declining Revenue While It Rethinks Core App

(Bloomberg) -- Tinder, Match Group Inc.’s largest dating brand, said that it plans to prioritize improving its user experience over monetization, a bet that it can eventually reverse subscriber declines if it ditches its reputation as a “hookup app.”Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Office Po

Inflation Gives Fed Green Light for December, Yellow for 2025

(Bloomberg) -- Fresh inflation figures are likely to make the Federal Reserve more cautious about the pace of interest-rate cuts — but not quite yet.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Office Policy Under TrumpAmerican Institute of Architects CEO ResignsInvestors still widely expect the US cent

U.S. cobalt miner to Trump: use tariffs as 'scalpel' not 'sledgehammer'

U.S. President-elect Donald Trump should deploy tariffs strategically rather than bluntly as he aims to support American mining companies facing stiff Chinese competition, a senior executive at cobalt producer Jervois Global said on Wednesday. Jervois, like many U.S. producers of cobalt, lithium and other critical minerals, has struggled in recent years as Chinese rivals flood global markets with cheap supplies of metals often produced at standards below what is expected by many governments and manufacturers. For Jervois, that competition led it to close the only U.S. cobalt mine before it even opened.

Amazon Pharmacy exec hopeful RFK Jr. is an ally

The chief medical officer of Amazon.com's pharmacy unit is hopeful that U.S. health secretary nominee Robert F. Kennedy Jr. can be an ally for healthcare companies, he said at a panel at the Reuters NEXT conference in New York on Wednesday. "Some of the comments he's made I'm really optimistic about," Amazon Pharmacy Chief Medical Officer Vin Gupta said, referring to Kennedy's positions on food safety, nutrition and chronic disease. "As a physician - if that's the focus - fantastic.

EU Sees ‘Negligible’ Gas Impact From End of Ukraine Transit Deal

(Bloomberg) -- The end of Russian natural gas flows through Ukraine will have a “negligible” impact on European prices, according to an assessment carried out by the European Commission.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Office Policy Under TrumpAmerican Institute of Architects CEO ResignsTher

Mexico's Elektra up about 20% after lifted suspension slammed share

Shares of Mexico's embattled financial services company and retailer Elektra gained nearly 20% on Wednesday, after an earlier suspension on trading on the local stock exchange was lifted triggering a sharp fall. The company is part of the sprawling business empire of billionaire Ricardo Salinas, one of Mexico's richest men. Last week, Elektra's shares fell sharply, losing around 70% in a single session, when a trading suspension implemented in July was lifted.

Fireside Chat: Use AI to tackle peak-season surges

A product manager at Crowley believes freight operators should be using AI now to optimize routes, streamline workflows and forecast demand. The post Fireside Chat: Use AI to tackle peak-season surges appeared first on FreightWaves.

Bank of Canada cuts interest rate by half a percentage point, highlights risk of Trump's tariffs

Canada’s central bank lowered its key interest rate by half a percentage point on Wednesday and called President-elect Donald Trump's threat to impose sweeping new tariffs on Canada “a major source of new uncertainty.” The Bank of Canada's decision marked the fifth consecutive reduction since June and brings the central bank’s key rate down to 3.25%. Forecasters were widely expecting a big rate cut after the November labor force survey showed the unemployment rate rose to 6.8%.

Big Tech Rallies as Fed Rate Cuts Get Green Light: Markets Wrap

(Bloomberg) -- Technology giants led US stocks higher, snapping a two-day slide, after a benign inflation report Wednesday cemented expectations that the Federal Reserve will keep cutting interest rates.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Office Policy Under TrumpAmerican Institute of Architect