Business

World 11/26/21, 16:54

China's technology giant Tencent must get approval from Chinese regulators before rolling out new apps and updates as the Chinese Communist Party (CCP) increases its oversight of some of the country's biggest technology companies. The move comes after the regulators found several of Tencent's apps violated data protection rules on several ...

D.C. 11/25/21, 04:44

The Biden administration has added a dozen Chinese companies involved in supporting China’s military quantum computing applications to a trade blacklist. In a press release on Wednesday, Nov. 24, U.S. Commerce Department announced that its Bureau of Industry and Security (BIS) has issued a final rule adding 27 foreign entities and individuals to ...

U.S. 11/25/21, 02:19

One of the biggest gold nuggets ever discovered in Alaska will be put up for sale in Dallas in December. It is expected to go for up to $1million. Gold miner Barry Clay first discovered the Alaska Centennial Gold Nugget in Alaska, U.S., in 1998. Its size is incredible at ...

U.S. 11/24/21, 16:11

Texas will receive its largest-ever foreign direct investment from Samsung, as the South Korean electronics giant builds a $17 billion semiconductor factory in the Lone Star State. Gov. Greg Abbott's (R) office announced Samsung will build a new semiconductor manufacturing facility in Taylor, lifting the multinational's total investment in Texas to ...

U.S. 11/24/21, 02:23

The Biden administration announced on Tuesday, Nov. 23, that it would tap the strategic oil reserve to cool down surging energy prices. “Today, I’m announcing that—the largest-ever release from the U.S. Strategic Petroleum Reserve to help provide the supply we need as we recover from this [COVID-19] pandemic,” President Joe Biden said ...

U.S. 11/24/21, 02:19

Heaven Hill, a whiskey and bourbon producer, and distributor advised consumers not to drink its 'Rittenhouse' branded rye if they plan to use it to celebrate the Kyle Rittenhouse trial judgment, claiming that there is no link between the two. On Friday, a jury declared teen Kyle Rittenhouse "not guilty" after ...

Europe 11/24/21, 01:54

On Tuesday, Nov. 23, the Italian Competition Authority (ICA) fined Apple and Amazon $225 million in an 'antitrust' lawsuit. According to the ICA, the two corporations' conduct violated European Union standards and harmed pricing competition. The fine is for Beats headphones, which Apple purchased for $3 billion in 2014. According to the BBC, ...

U.S. 11/24/21, 01:48

After giving the business three out of five stars on a review website, a Georgia grandmother and her six-year-old granddaughter were kicked out of a Georgia hotel.Susan Leger, 63, booked a three-night stay in September at the Baymont Inn & Suites in the resort town of Helen, Georgia, through the online ...

U.S. 11/23/21, 17:41

California has since 2014 implemented Proposition 47, which makes thefts of $950 or less a misdemeanor. People responded to the inducement as soon as they understood they were unlikely to be arrested or prosecuted for thefts of less than $1,000. Stores warn their staff to avoid interfering with shoplifters for ...

U.S. 11/23/21, 06:25

Elon Musk, the CEO of Tesla, responded to JP Morgan Chase's $162 million lawsuit by threatening the nation's largest bank with a "one-star review on Yelp." According to the lawsuit, JPMorgan accused Musk's electric vehicle business Tesla of stiffing the bank on a trade that JPMorgan helped arrange in 2014, filed ...

U.S. 11/23/21, 03:51

On Monday, Nov. 22, Target, like other retailers, announced that it will be closed for Thanksgiving Day and will continue to do so into the future. However, Target stated that some employees would be working in its distribution operations and call centers during holidays. "What started as a temporary measure driven by ...

U.S. 11/22/21, 15:58

President Joe Biden on Monday nominated Jerome Powell to serve as chair of the Federal Reserve for a second term, expecting Powell would help contain inflation and bring the U.S. economy back to life "as we emerge from the pandemic", the White House announced in a statement on Nov. 22. Biden ...

U.S. 11/21/21, 18:47

As inflation is biting into the households' budget, about two-thirds of Americans said that they disapproved of how President Biden is handling the inflation in a new poll. Recent government data showed that U.S. annual consumer prices in October climbed 6.2% from a year ago, marking the highest inflation rate since ...

U.S. 11/20/21, 17:30

Nathaniel Taplin, an economic and financial columnist for The Wall Street Journal, in an article titled "China's Economy Rests on Three Shaky Legs," analyzed China's economic troubles. Taplin said that the Chinese economy is suffering on all sides: power outages, heavy debt, challenging transportation routes, and the outbreak of Delta variant ...

Tech 11/20/21, 03:07

According to Reuters, China's market regulator on Saturday, Nov. 20, said it was fining companies including Alibaba, Baidu, and JD.com for violating anti-monopoly legislation, by not declaring 43 deals that date as far back as 2012 to authorities. Each enterprise involved in the cases would be fined $78,000, it said, the ...

U.S. 11/19/21, 16:36

The independent U.S. government spending watchdog, Open The Books, revealed that several law enforcement agencies authorized "crimes" and paid $548 million to informants over the past several years.  The agencies tracked were the Federal Bureau of Investigation (FBI), the Drug Enforcement Agency (DEA), and the Bureau of Alcohol, Tobacco, Firearms, and ...