SEPTEMBER 26, 2023
U.S. Secretary of the Treasury Janet Yellen and testifies during a hearing before the Financial Services and General Government Subcommittee on March 23, 2023. - Alex Wong/Getty Images
The U.S. dollar saw an 8% decline in its share of global reserves in 2022 — causing some to question whether the dollar’s days of dominance are over.
Treasury Secretary Jannet...
SEPTEMBER 24, 2023
Tesla semi trucks | Andy Alfaro/The Modesto Bee/Tribune News Service via Getty Images
Tesla made a splash when it promised to “disrupt” the trucking industry with its electric semi-truck. The automaker claimed the $200,000 vehicle “can travel up to 500 miles on a single charge.” PepsiCo was among the first buyers and is using the electric trucks to...
SEPTEMBER 24, 2023
Zeor Emission Trucks - Patrick T. Fallon - AFP / Getty Images
California's aggressive new restrictions on diesel engines are already failing, as truckers do everything they can to get around them.
According to USA Today, in April, lawmakers in the Golden State passed a mandate that requires companies to switch over to "zero-emission" trucks with the goal of...
SEPTEMBER 24, 2023
Hedge fund billionaire Bill Ackman sees value in both remote work and being in the office five days a week. - Bryan Bedder/Getty Images for NYT
In the battle among remote work, return-to-office mandates, and hybrid schedules, Pershing Square CEO Bill Ackman has a slightly different approach.
The billionaire investor wants his employees back in the office five days...
SEPTEMBER 24, 2023
FILE - This illustration provided by NASA depicts the OSIRIS-REx spacecraft at the asteroid Bennu. On Sunday, Sept. 24, 2023, the spacecraft will fly by Earth and drop off what is expected to be at least a cupful of rubble it grabbed from the asteroid Bennu, closing out a seven-year quest. (Conceptual Image Lab/Goddard Space Flight Center/NASA...
SEPTEMBER 21, 2023
When depositors rushed out of Silicon Valley Bank earlier this year, they headed to bigger banks with their money. JPMorgan Chase, the largest bank in the US, as also the world, was among the major beneficiaries. Thousands wanted to suddenly open accounts with the bank. Traditional banks would find that tough to handle.
But the transformational technology initiatives...
SEPTEMBER 21, 2023
Lachlan Murdoch will take over as chairman of Fox and News Corporation. - Evan Agostini/Invision/AP
Rupert Murdoch, the powerful right-wing media mogul who built and oversaw one of the world’s most influential news empires, announced Thursday that he will step down as chairman of his companies, Fox Corporation and News Corporation.
“For my entire professional life, I have been...
SEPTEMBER 21, 2023
Indian Prime Minister Narendra Modi (R) extends his hand for a handshake with his Canadian counterpart Justin Trudeau during a photo opportunity ahead of their meeting at Hyderabad House in New Delhi, India, February 23, 2018. REUTERS/Adnan Abidi/File Photo
India cites security threats in suspending new visas
Asks Canada to downsize diplomatic presence
Canada says evidence India...
SEPTEMBER 21, 2023
U.S. Vice President Kamala Harris attends the 11th ASEAN-U.S. Summit during the 43rd ASEAN Summit in Jakarta, Indonesia, September 6, 2023. YASUYOSHI CHIBA/Pool via REUTERS/File photo
The Biden administration on Thursday announced plans to remove medical bills from Americans' credit reports in a push to end what it called coercive debt collection tactics that affect millions of consumers.
Proposals...
SEPTEMBER 20, 2023
Britain's Prime Minister Rishi Sunak. - Chris J. Ratcliffe/Bloomberg News
LONDON — Saying he was wary of high costs for consumers, British Prime Minister Rishi Sunak announced Wednesday that he was delaying his country’s ban on the sales of new gasoline and diesel vehicles from 2030 until 2035, angering not only climate activists but the automobile industry with...
