Biden proposes banning Chinese vehicles from U.S. roads with software crackdown
The U.S. Commerce Department on Monday proposed prohibiting key Chinese software and hardware in connected vehicles on American roads due…
The Fed forecasts lowering rates by another half point before the year is out
The Federal Reserve projected lowering interest rates by another half point before the end of 2024, and the central bank…
Justice Department sues over Baltimore bridge collapse and seeks $100 million in cleanup costs
The U.S. Justice Department on Wednesday sued the owner and manager of the cargo ship that caused the Baltimore bridge…
Point72’s Steve Cohen is stepping back from trading his own book
Billionaire investor Steve Cohen is retiring from the trading floor at his hedge fund Point72. The prominent hedge fund investor,…
Hedge fund billionaire and Trump donor John Paulson says market would ‘crash’ under Harris tax plans
Hedge fund billionaire John Paulson, who made a name for himself by betting against the housing market during the financial…
Biden targets Shein, Temu with new rules to curb alleged ‘abuse’ of U.S. trade loophole
The Biden administration announced new steps on Friday to curtail what it calls the “overuse and abuse” of a longstanding…
Ajit Jain, Buffett’s insurance leader for nearly 40 years, dumps more than half of Berkshire stake
Ajit Jain, Warren Buffett’s insurance chief and top executive, sold more than half of his stake in Berkshire Hathaway, a…
Berkshire unloads another chunk of Bank of America as CEO Moynihan lauds Buffett as great shareholder
Warren Buffett’s Berkshire Hathaway offloaded another chunk of Bank of America shares, bringing its total sales to more than $7…
Lawmakers push to revive low-income broadband subsidy as providers pivot
Internet service providers including Charter, Verizon and Comcast are shifting customers away from the Affordable Connectivity Program, an expired federal…
