Southern California Edison faces lawsuits over LA wildfires
In one suit, multiple witnesses are cited as having seen a fire at the base of a transmission tower owned ...
Tag: Financial Markets
Biden administration proposes new rules to tighten grip on AI chip flows
The outgoing administration of United States President Joe Biden is proposing a new framework for the export of advanced computer ...
US Fed officials expected slower rate cuts in 2025, say December minutes
Minutes of the December meeting show a division on decision to cut rates and the 0.25 percent cut was a ...
US Steel, Nippon sue Biden administration over decision to block merger
Nippon Steel and US Steel have filed a federal lawsuit in the United States challenging the Biden administration’s decision to ...
Taiwan struggles to reconcile climate ambitions and chip manufacturing
Hsinchu, Taiwan – A crane bird flies across a silent rice paddy, the water slowly trickling in the background. It ...
US consumer watchdog sues big banks over ‘widespread’ fraud on Zelle app
The United States Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against JPMorgan Chase, Bank of America and Wells ...
Starbucks workers’ union goes on strike in US cities
Some members of the workers’ union representing more than 10,000 baristas at Starbucks in the United States have begun a ...
US Fed cuts interest rates but cautions for year ahead
Slower progress on inflation translates into a slower pace of rate cuts, especially as economic growth is brisk.The United States ...
Bitcoin surges past $107,000 on hopes for US strategic reserve
Bitcoin’s record rally topped $107,000 after United States President-elect Donald Trump reiterated that he plans to create a US Bitcoin ...
Trump, SoftBank CEO Masayoshi Son announce $100bn US investment
Son had made a similar pledge in 2016 to spend $50bn over Trump’s four-year term. It’s unclear how SoftBank will ...
Trump will throw US clean power into question
The recent re-election of Donald Trump as the next president of the United States has dented clean energy prospects in ...
Two presidents, two sons, different standards of outrage
Republicans have long accused Hunter Biden — the son of President Joe Biden — of taking a board seat on ...
ByteDance, TikTok seek temporary halt to US crackdown law
The companies have asked an appeals court to temporarily block the law that would enforce a ban on the app ...
NYC ad agencies Omnicom, Interpublic to form $30bn marketing powerhouse
The advertising titans, behind campaigns like ‘Got Milk’ and ‘Priceless’, aim to create the world’s largest ad agency.Omnicom is buying ...
US judge rejects Boeing plea deal in fatal MAX 737 crashes
A United States federal judge has rejected a deal that would have let Boeing plead guilty to a felony conspiracy ...
After pledging renewal, South Korea’s Yoon shakes faith in economy
In one of his first appearances of the year, South Korean President Yoon Seok Yeol pledged to boost confidence in ...
Celsius founder Alex Mashinsky pleads guilty to two fraud counts
Mashinsky was one of several crypto moguls charged with fraud after a slump in prices in 2022 caused firms to ...
China hits back against US chip crackdown
China has banned exports to the United States of the critical minerals gallium, germanium and antimony, which have widespread military ...
US unleashes another crackdown on China’s chip industry
The United States has launched its third crackdown in three years on China’s semiconductor industry, curbing exports to 140 companies, ...
Intel CEO Pat Gelsinger forced out in surprise move
Intel chief executive Pat Gelsinger has been forced out less than four years after taking the helm of the company, ...
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