Nation and world news in brief for November 26
US appeals court won’t revisit Ghislaine Maxwell’s sex trafficking conviction
NEW YORK (Reuters) — A U.S. appeals court has rejected British socialite Ghislaine Maxwell’s request to revisit its decision upholding her conviction for helping the late financier Jeffrey Epstein sexually abuse teenage girls.
In an order on Monday, the 2nd U.S. Circuit Court of Appeals in Manhattan denied Maxwell’s request that all its active judges review her case, known as en banc review.
A three-judge panel on Sept. 17 rejected several arguments to set aside her 2021 conviction.
Maxwell, 62, plans to appeal to the U.S. Supreme Court, which is not required to hear her case. She is serving a 20-year sentence at a low-security prison in Tallahassee, Florida, and is eligible for release in July 2037.
Calif. plan excludes Tesla from new EV tax credits, governor’s office says
(Reuters) — Tesla’s electric vehicles likely would not qualify for California’s new state tax credits under a proposal in the works if President-elect Donald Trump scraps the federal tax credit for EV purchases, Governor Gavin Newsom’s office said on Monday.
Tesla shares closed down 4%.
Trump’s transition team is considering eliminating the federal tax credit of $7,500 for EV purchases, Reuters reported this month.
Tesla CEO Elon Musk, a close Trump adviser, sharply criticized the idea of barring the automaker from EV subsidies writing on X in response “Even though Tesla is the only company who manufactures their EVs in California! This is insane.”
Buffett refines plans for his fortune, donates more Berkshire shares
(Reuters) — Warren Buffett, the legendary investor and chairman of Berkshire Hathaway, has made further preparations for giving away his fortune after his death.
Buffett, 94, plans to donate 99.5% of his remaining wealth, now valued at more than $150 billion by Forbes magazine, to a charitable trust overseen by his daughter and two sons when he dies.
In a letter to Berkshire shareholders on Monday, Buffett disclosed that three potential successor trustees have been designated if his daughter Susie, 71, and sons Howard, 69, and Peter, 66, cannot serve.
Macy’s delays results after finding employee hid millions in delivery expenses
(Reuters) — Macy’s on Monday delayed its third-quarter results after finding that an employee hid as much as $154 million in expenses over years, instead issuing preliminary sales figures that fell short of Wall Street expectations.
The surprise announcement deprives the market of a key department-store bellwether’s outlook ahead of a potentially uncertain holiday season that favors retail giants such as Walmart and Amazon.
A single employee “intentionally” made wrong accounting entries to hide about $132 million to $154 million of delivery expenses between the fourth quarter of 2021 through third quarter of 2024, Macy’s said. It had recorded about $4.36 billion as delivery expenses in this period.
That employee is no longer with the company, Macy’s said, though the revelation, along with the preliminary sales figures, sent shares down 3.5%. The department store chain was set to report results on Nov. 26 and will now publish it by Dec. 11.
EU says Bluesky is violating information disclosure rules
BRUSSELS (Reuters) — Bluesky, the rapidly growing social media platform, is violating EU regulations by failing to disclose important details, a European Commission spokesperson told reporters during a daily briefing on Monday.
“All platforms in the EU even the smallest ones which are below the threshold, which is the case for Bluesky, have to have a dedicated page on their website where it says how many user numbers they have in the EU and where they are legally established. This is not the case for Bluesky as of today,” the spokesperson said.
He also stated that since Bluesky falls below the threshold and is not classified as a Very Large Platform under the EU’s Digital Services Act, the commission has not yet reached out to the company.
Instead, it has contacted the 27 national governments to check “if they can find any trace of Bluesky.”
