News
New US home constructions at highest level in three decades
New single-family home constructions in the United States surged to their highest level in three decades in May and permits...
Wall Street shifts to T-bills over reverse repos
Money-market funds are investing less in a Federal Reserve borrowing program and more in Treasury notes issued by the government...
Electrical grid shortages stalling US truck-charging projects
The much-anticipated rollout of heavy-duty electric trucks in the United States is being stalled by a lack of charging stations...
Gannett sues Google over ad technology, dominance of online market
Gannett, the largest newspaper chain in the United States and owners of USA Today, filed suit against Google Tuesday, claiming...
Fed warns of two more rate hikes for 2023
After pausing interest rate hikes earlier this month, the Federal Reserve Monday said it will probably increase rates two more...
Alibaba CEO set to resign to focus on cloud business
Alibaba CEO and chairman Daniel Zhang announced Tuesday that he will step down from those positions in order to focus...
Binance reaches SEC deal to prevent shutdown
The Securities and Exchange Commission (SEC) has agreed to a compromise with Binance that will allow the world's largest cryptocurrency...
Over half of corporate return-to-office summons being ignored by workers
With more than a quarter of full workdays still being done from home and offices still at half pre-pandemic occupancy,...
Tax squeeze coming for US-based multinationals
Under a 15% global minimum-tax agreement, U.S.-based multinational companies will begin to pay higher taxes in foreign countries starting next year....
Airbus in talks for deal with Mexico’s Viva
Airbus SE is rumored to be in talks with budget airline Grupo Viva Aerobus SAB economy airline for the sale of large narrow-body...
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