"The Vanguard S&P 500 ETF ( NYSEMKT: VOO) opened 0.1% higher on Thursday as it attempted to string together a third straight day of gains. Investors learned yesterday that President Donald Trump will ease regulation in the automotive sector, proposing relaxed "CAFE" fuel efficiency standards for the nation's automakers, in an effort to make cars and trucks more affordable to consumers - and thereby goose sales in the crucial automotive sector."
"A new report from Challenger, Gray & Christmas shows U.S. employers announced more than 1 million job cuts through the end of November. The firm cited corporate restructuring, artificial intelligence, and tariffs as all factors contributing to job losses. Current law requires companies such as Ford ( NYSE: F) and Stellantis ( NYSE: STLA) (the CEOs of both companies standing with the President as he made his announcement) to achieve an average of 50 miles-per-gallon fuel efficiency across their passenger car and light truck fleets by 2031."
VOO opened 0.1% higher as markets sought a third consecutive gain while investors reacted to a presidential proposal to relax CAFE fuel-efficiency targets. The proposal would cut the 2031 fleet average requirement from 50 mpg to 34 mpg to lower vehicle costs and boost sales. U.S. employers announced over 1 million job cuts through November, attributed to corporate restructuring, artificial intelligence, and tariffs. Automaker stocks—including Ford, General Motors, and Stellantis—rose, with Stellantis up more than 4%. Kroger reported Q3 EPS of $1.05, beating by $0.02, with $33.9 billion in sales and lowered fiscal 2025 guidance to $4.75–$4.80.
Read at 24/7 Wall St.
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