business

J. Edward Moreno12/4/24

Trump picks crypto-friendly lawyer Paul Atkins for SEC chair

President-elect Donald Trump has nominated Paul Atkins, a crypto-friendly lawyer and financial advisor, to serve as the next chair of the US Securities and Exchange Commission.

Atkins is currently CEO of Patomak Global Partners, a financial consulting firm, and previously served as an SEC commissioner under former President George W. Bush. Trump announced the nomination on his social-media site, Truth Social, part of Trump Media & Technology Group .

Trump has positioned himself as a staunch ally of the crypto industry. Cryptocurrencies like bitcoin, dogecoin, and ethereum have rallied since Trump won a second term in November.

Trump noted that Atkins “recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before.” Atkins is co-chair of the Token Alliance, a part of the Digital Chamber of Commerce, which provides compliance assistance for crypto-trading platforms.

Gary Gensler, the current chair of the SEC, has been more hostile toward the crypto industry and said he would resign in January.

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Lay's bets on "real potatoes" as Americans turn away from fresh ones

PepsiCo’s internal research showed 42% of consumers didn’t know Lay’s are made with real potatoes.

Lays

Chris Stokel-Walker10/10/25

business

Max Knoblauch10/10/25

Ford joins GM in backing off of its EV tax credit extension plan following GOP criticism

Ford, despite benefiting from an electric sales surge in recent months, is giving up on a clever accounting plan to extend the expired $7,500 EV tax credit to some of its customers.

Like its rival GM earlier this week, Ford on Thursday night confirmed to Reuters that it will not claim the tax credit, backing off from its short-lived leasing strategy.

The automakers’ plan was to extend the subsidy by using their financial arms to put down payments on electric vehicles already on their dealers’ lots in late September. Those transactions would qualify for the credit, and Ford and GM could pass the discount on to customers through leases.

But the strategy angered GOP senators, who last week wrote a letter to Treasury Secretary Scott Bessent accusing the automakers of “bilking” taxpayers.

Ford CEO Jim Farley last month said he expects the end of the tax credit to cut EV sales in half.

Exclusive: Ford reverses plan to claim EV tax credits, following GM

Exclusive: Ford reverses plan to claim EV tax credits, following GM

The automakers’ plan was to extend the subsidy by using their financial arms to put down payments on electric vehicles already on their dealers’ lots in late September. Those transactions would qualify for the credit, and Ford and GM could pass the discount on to customers through leases.

But the strategy angered GOP senators, who last week wrote a letter to Treasury Secretary Scott Bessent accusing the automakers of “bilking” taxpayers.

Ford CEO Jim Farley last month said he expects the end of the tax credit to cut EV sales in half.

Porsche’s problems in China just keep getting worse

Sales in the region fell by more than a fifth in Q3.

Vintage Paint-Chipped Silver Porsche Speedster

Delta, boosted by premium ticket sales, says customers who go Comfort+ don’t go back

Delta’s third-quarter revenue beat Wall Street estimates on Thursday, led by 9% growth in its premium ticket category.

Delta Airlines empty plane interior

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