World Stocks Drift; Japan, China Pull Back Gains

Trump is pledging to use tax incentives and tariffs to strengthen the iconic American steelmaker. President-elect Donald Trump is underscoring his intention to block the purchase of U. S. Steel by Japanese steelmaker Nippon Steel Corp., and he’s pledging to use tax incentives and tariffs to strengthen the iconic American steelmaker.

The food production company said that the cuts were part of a long-term strategy ‘to strengthen Cargill’s impact,’ which includes realigning resources. Agribusiness giant Cargill is laying off thousands of its employees.

Apple is coming aboard as a customer to use them. Amazon.com’s cloud unit on Tuesday showed new data center servers packed with its own AI chips that will challenge Nvidia, with Apple coming aboard as a customer to use them.

The Job Openings and Labor Turnover Survey from the Labor Department also showed employers hesitant to hire more workers. U. S. job openings increased solidly in October while layoffs dropped by the most in 1-1/2 years, suggesting the labor market continued to slow in an orderly fashion.

The first thing on the chopping block for Elon Musk and Vivek Ramaswamy’s DOGE might be changing the clocks. Elon Musk and Vivek Ramaswamy have announced plenty of controversial proposals for their Department of Government Efficiency (DOGE), but there are some that are managing to gather bipartisan support. Case in point?

Elon Musk's pay package was struck down for the second time on Monday. Joe Raedle/Getty ImagesA Delaware judge again struck down Elon Musk's $55 billion pay package. Legal experts walked BI through what the appeal process could look like for Tesla. Tesla may also reintroduce the package in Texas, a strategy that could end up costing shareholders more.