Politics

Tesla is not the only company reviewing its Europe investment after Biden’s Inflation Reduction Act

Tesla recently announced a strategy shift away from Europe as it seeks to benefit from unprecedented subsidies in the United…

Chuck Schumer gives campaign donations from Silicon Valley Bank’s ex-CEO, PAC to charity

Senate Majority Leader Chuck Schumer gave campaign contributions from former Silicon Valley Bank CEO Greg Becker and the bank’s PAC…

Fed’s Powell heads to Capitol Hill this week, and he’s going to have his hands full

Federal Reserve Chairman Jerome Powell is set to appear before Congress with a tall task: Persuade legislators that he’s committed…

Warren unveils bill to repeal Trump-era bank deregulation she says led to SVB, Signature collapses

WASHINGTON — A group of Democratic senators introduced new legislation Tuesday to repeal Trump-era bank deregulations they say created the…

UK government announces spending, tax plans as strike action disrupts schools and travel

U.K. Finance Minister Jeremy Hunt delivered the government’s Spring Budget on Wednesday. In a wide-ranging speech, Hunt said that the…

Top Senate Democrats press DOJ, SEC to investigate whether Silicon Valley Bank executives broke any laws

WASHINGTON — Top Democratic lawmakers pressed the Justice Department and the Securities and Exchange Commission to open a probe into…

Barack Obama: Former US President and basketball fan fills out his 2023 March Madness brackets

CNN  —  Barack Obama’s love of basketball is well known so it comes as no surprise that the former US…

Pfizer will have to pay rebates to Medicare for five drugs under Biden plan to lower Rx costs

Five of Pfizer’s drugs will cost less for Medicare recipients starting next month as part of President Joe Biden’s plan…

Apple, Amazon, Google will likely get a reprieve from GOP-controlled House on antitrust legislation

Tech giants Google, Amazon and Apple are likely to get a reprieve in Congress this year from efforts to rein…

DOJ charges Chinese businessman Guo Wengui, associate of Steve Bannon, in $1 billion fraud

Controversial exiled Chinese billionaire Guo Wengui — an associate of former Trump White House advisor Steve Bannon — was arrested…