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Markets Rally as Automakers Eye Billions in Savings, Salesforce Beats EPS
Stock Market News· 2025-12-03 21:38
Key TakeawaysU.S. major stock indices closed higher, with the Dow Jones Industrial Average (DJI) leading gains, rising 0.89% to 47,897.79 points.Automakers are projected to save over $35 billion through 2031 under revised fuel economy rules from the U.S. Department of Transportation (USDOT).Salesforce (CRM) exceeded adjusted earnings per share (EPS) estimates for Q3 2025, reporting $3.25 against an estimated $2.86, though revenue slightly missed forecasts.Senator Ted Cruz announced that a panel will hold a ...
X @TechCrunch
TechCrunch· 2025-12-03 20:52
Trump administration rolls back fuel economy standards, again https://t.co/fp3WasmOxY ...
Trump to propose sharp rollback in US vehicle fuel economy rules
Reuters· 2025-12-03 16:59
The Trump administration on Wednesday will propose a significant rollback of fuel economy standards finalized by former President Joe Biden last year in its latest push to make it easier for automaker... ...
Trump administration to announce new fuel economy standards Wednesday, sources say
CNBC· 2025-12-03 12:52
Traffic on Interstate 80 in San Pablo, California, US, on Wednesday, Nov. 26, 2025.The White House will announce new fuel economy standards on Wednesday, according to administration sources. The White House will propose a major rollback of the standards implemented by former President Joe Biden last year, sources told Reuters. Executives from Ford, General Motors and Stellantis are expected to attend the event at the White House. The Biden administration standards required passenger cars and light trucks to ...