Comment on News Summary: Europe airlines could lose $1.1B

As 2024 winds down, here are some of the most fruitful spots to look for tax-loss candidates. The U. S. market gained more than 25% for the year to date through mid-December 2024. That’s a healthy showing by any measure. It doesn’t seem like it would be a market environment that’s conducive to tax-loss selling.

The California rule is stricter than a federal rule adopted this year that tightens emissions standards but does not require sales of electric vehicles. The Environmental Protection Agency (EPA) on Wednesday granted two requests from California to enforce strict standards for vehicle emissions, including a rule aimed at banning sales of new gasoline-powered cars in the state by 2035.

Fluid Truck, whose vehicle rental app made it a darling among Denver startups before post-pandemic overexpansion put it on a path to insolvency, will be sold. This week’s sale to Kingbee Rentals, a similar company in the Salt Lake City suburbs, allows Kingbee to acquire Fluid’s technology and its 100-plus employees.

When you buy through our links, Business Insider may earn an affiliate commission. Learn moreThe Sonos Arc Ultra is the best Sonos soundbar for premium performance. Tyler Hayes/Business InsiderSonos makes top-notch soundbars that pack a punch when watching movies, flipping through TV channels, or playing video games. The best Sonos soundbars also support wireless music streaming, and the brand makes models suited for every budget.

Federal Reserve Chair Jerome Powell said interest-rate cuts are uncertain next year. Alex Wong/Getty ImagesThe Federal Reserve cut interest rates in its final decision of the year. It also penciled in two interest-rate cuts in 2025. Still, Powell said that Trump's proposed trade policies pose economic uncertainty. President-elect Donald Trump's potential trade policies could change the Federal Reserve's plans in the coming year.

Short-term rental platforms like Airbnb have transformed travel. They’ve made it easier for tourists to access personalised, private accommodations and for property owners to monetise their spaces.   With global tourism now on track for a full recovery post-COVID, Hostaway has secured a cool $365mn at a $925mn valuation as it looks to cash-in on the boom in short-term rentals.