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Commission rules to revamp U.S. electric transmission system
In a 2 to 1 vote on Monday, the U.S. Federal Energy Regulatory Commission voted to set new rules for...
SoftBank’s Arm to debut AI chip by 2025
Arm, a subsidiary of SoftBank Group, is expected to debut artificial intelligence chips by 2025, hoping to capture the intensifying...
Judge halts credit card late fee rule
A federal judge in Texas has halted a Biden administration-developed rule that would curb credit card late fees to just...
Online retail sales up 7% this year
Driven by demand for groceries and less-expensive discretionary items, Americans are increasingly turning to online shopping, boosting online retail sales...
Credit industry sues CFPB over late fee regulation
The credit card industry, led by the U.S. Chamber of Commerce, has filed a lawsuit in federal court against the...
Unemployment applications rise to highest level since August
First-time applications for unemployment benefits reached their highest level since August, indicating that the once-hot labor market is starting to...
U.S. revokes Intel, Qualcomm licenses for chip sales to Huawei
The government has pulled licenses from companies such as Intel and Qualcomm that permitted sales of chips used in laptops...
FTX will pay back all money owed to customers
Disgraced cryptocurrency exchange FTX said in a court filing that almost all of its customers will get back the money...
Uber tops revenue expectations, but reports net loss
Ride-sharing app Uber beat analysts' revenue expectations in its first-quarter earnings report, but unexpectedly posted a net loss. After the...
TikTok sues U.S. government to block ban
Popular video-sharing platform TikTok and its owner ByteDance filed a lawsuit against the U.S. government on Tuesday in an effort...
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