TikTok has said it will shut down its social network TikTok from Sunday unless the US government gives it assurances that it will not take action against businesses that provide services to the company in the US. The move comes after the US Supreme Court on Friday upheld a lower court ruling that would ban […]
Hostage envoy: Syria’s vast secret prison network complicates efforts to find Austin Tice
WASHINGTON — A network of secret prisons run by the former Syrian government is more extensive than the U.S. had realized, and is complicating efforts to find American journalist Austin Tice, the U.S. hostage envoy said Friday. The U.S. government initially estimated Syria had around 10 to 20 secret prisons, but there may be 40 […]
Biden signs bill to fund US federal government, avoid shutdown
WASHINGTON — President Joe Biden has signed legislation that prevents a government shutdown as the United States approaches the Christmas and New Year’s holidays. His action Saturday concludes days of disruption in the nation’s capital after Congress passed a bipartisan budget plan just after the deadline and turned back President-elect Donald Trump’s key demand in […]
Dogecoin Frenzy Arrives In Korea: ‘Kimchi Premium’ Returns Amid DOGE’s 110% Rally
Dogecoin (DOGE) continues to lead the crypto market with its 116% surge over the last week. The memecoin’s frenzy has outperformed most to 100 cryptocurrencies and even made DOGE’s price in South Korean exchanges briefly rise higher than global exchanges like Binance. ‘Kimchi Premium’ Returns Amid Dogecoin Rally Trump’s victory sparked a massive crypto market rally, creating […]
These are the S&P 500’s biggest laggards for October, down by as much as 29%
Super Micro joined the list after a 33% drop on Wednesday The S&P 500 rose nearly 1% during the first 30 days of October. But underneath that ho-hum movement has been plenty of volatility. Among the S&P 500 SPX-1.54%, 94% of stocks have risen 5% or more this month. Read: United Airlines and Nvidia bookend list […]
Siemens’ $10.6 billion Altair deal strengthens its industrial software offering
(Reuters) -Siemens is to buy U.S. engineering software firm Altair Engineering for $10.6 billion, strengthening its position in the growing market for industrial software. The deal, Siemens’s second biggest acquisition, is part of the German engineering group’s increased focus on a sector being revolutionised by data analysis and artificial intelligence. Michigan-based Altair is active in […]
Chinese EV maker BYD’s quarterly sales overtook Tesla’s for the first time
Chinese electric vehicle maker BYD reported third-quarter revenue that topped that of behemoth rival Tesla for the first time. On Wednesday, BYD reported revenue for the three months ended Sept. 30 of 201.12 billion yuan ($28.24 billion), up 24% from a year ago. That exceeded Tesla’s revenue of $25.18 billion reported for the same period. It’s a first for the Beijing-based EV giant […]
Dodge maker Stellantis posts 27% drop in revenues, flags progress in slashing U.S. inventories
Auto giant Stellantis on Thursday reported a 27% decline in third-quarter net revenues, but said it was making headway in addressing operational issues such as U.S. inventories. The Netherlands-based company, which owns household names including Jeep, Dodge, Fiat, Chrysler and Peugeot, said that net revenues for the July-September period came in at 33 billion euros ($35.8 billion). […]
New York semiconductor site picked for $825 million in funding
A semiconductor research facility in upstate New York was selected as one of three national technology centers and will receive up to $825 million in funding as part of a broader federal effort to boost the United States’ competitiveness in the industry. U.S. Sen. Chuck Schumer made the announcement Thursday. The Albany NanoTech complex was […]
Starbucks has made a big change for coffee drinkers — here’s how it will save you money
You’ll want to milk this new Starbucks deal. The java chain is making a major update to its menu that will save its plant-based customers some extra dough. Starbucks will no longer charge a fee for substituting non-dairy milk in beverages, the company announced in a press release on Wednesday. “Core to the Starbucks Experience is the […]