PRESS DIGEST - Wall Street Journal - Dec 5

Reuters

Dec 05, 2024

PRESS DIGEST - Wall Street Journal - Dec 5

Dec 5 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

- Bitcoin traded above $100,000 for the first time late Wednesday, powered by a wave of investors betting that President-elect Donald Trump will turn U.S. government policy into an engine of growth for crypto.

- General Motors GM.N told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its joint venture in China, one related to the restructuring of the operation and another reflecting its reduced value.

- A top aide to Ukrainian President Volodymyr Zelenskiy met Wednesday with Keith Kellogg, U.S. President-elect Donald Trump's choice as special envoy for Russia and Ukraine, and Mike Waltz, the incoming national-security adviser.

- U.S. President-elect Donald Trump has chosen Peter Navarro to be senior counselor for trade and manufacturing, installing a pugnacious proponent of the president-elect's pledge to impose sweeping tariffs on U.S. imports in an influential White House role.

- France's Neoen NEOEN.PA will sell some of its Australian generation and storage assets to real-estate investor HMC Capital HMC.AX in a deal smoothing Brookfield Asset Management's BAM.TO $6.41 billion takeover of the renewable power producer.

- U.S. President-elect Donald Trump on Wednesday picked former congressman Billy Long to be commissioner of the Internal Revenue Service tax body.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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Reuters has not verified these stories and does not vouch for their accuracy.- Bitcoin traded above $100,000 for the first time late Wednesday, powered by a wave of investors betting that President-elect Donald Trump will turn U.S. government policy into an engine of growth for crypto.- General Motors GM.N told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its joint venture in China, one related to the restructuring of the operation and another reflecting its reduced value.- A top aide to Ukrainian President Volodymyr Zelenskiy met Wednesday with Keith Kellogg, U.S. President-elect Donald Trump's choice as special envoy for Russia and Ukraine, and Mike Waltz, the incoming national-security adviser. - U.S. President-elect Donald Trump has chosen Peter Navarro to be senior counselor for trade and manufacturing, installing a pugnacious proponent of the president-elect's pledge to impose sweeping tariffs on U.S. imports in an influential White House role.    - France's Neoen NEOEN.PA will sell some of its Australian generation and storage assets to real-estate investor HMC Capital HMC.AX in a deal smoothing Brookfield Asset Management's BAM.TO $6.41 billion takeover of the renewable power producer.    - U.S. President-elect Donald Trump on Wednesday picked former congressman Billy Long to be commissioner of the Internal Revenue Service tax body. 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