China fines Jack Ma's Ant Group nearly $1 billion
China's top financial regulators have fined Ant Group — the fintech firm founded by billionaire Jack Ma — about 7.1 billion yuan ($994 million) for breaking rules related to consumer protection and corporate governance.
2023-07-07 23:45
What to stream this weekend: Taylor Swift, 'Lincoln Lawyer,' 'Biosphere' and 'Wham!'
This week’s new entertainment releases include Taylor Swift's rerecording of her “Speak Now,” a documentary on Wham
2023-07-07 21:18
The US economy can't function smoothly without UPS. That's why a strike will hurt
The last time United Parcel Service went on strike in 1997, Amazon was still just a jungle in South America to most US consumers. If they went online at all, they probably did it via dial-up modem, and rarely to shop.
2023-07-07 21:15
Some investors are shunning Wall Street's tech frenzy
While many on Wall Street have chased the monster rally in mega-cap tech stocks this year, exchange-traded fund (ETF) investors seem to be bucking the "all-in on tech stocks" trend and opting for a more diversified strategy.
2023-07-07 19:59
Doordash, Grubhub and Uber sue New York City over minimum wage law
Food delivery platforms DoorDash, Grubhub and Uber Eats are challenging in court New York City's new minimum wage law for app food delivery workers.
2023-07-07 09:28
Taylor Swift agreed to $100 million deal with FTX before it went bankrupt, but FTX pulled out
Taylor Swift signed onto a lucrative touring partnership with FTX before its collapse, but FTX pulled out of the arrangement, according to a person familiar with the discussions.
2023-07-07 05:52
Largest federal transportation grant ever awarded to critical NY-NJ tunnel project
The replacement for a crumbling underwater tunnel connecting New York City and New Jersey that carries up to 200,000 people daily just received the largest-ever federal transportation grant, according to Senate majority leader Chuck Schumer.
2023-07-07 02:18
VW to test self-driving tech in retro-styled electric Microbuses
Ten self-driving electric Volkswagen buses will soon cruise the streets of Austin, Texas, testing autonomous driving technology. The automaker said it plans to launch commercial services in Austin by 2026.
2023-07-07 00:55
Train traffic snarled between NY and Philadelphia restored but with residual delays
Overhead power issues have caused Amtrak to suspend rail service from Philadelphia to New York, the company said in a statement. Rail service is operating on a limited basis from NY to Philadelphia "with no substitute transportation available," Amtrak said.
2023-07-06 23:58
Dow tumbles over 490 points on red-hot US job market report
Stocks tumbled on Thursday after fresh data signaled that the labor market remains piping hot, heightening concerns that the Federal Reserve will raise interest rates for longer than expected.
2023-07-06 23:16
Does the Fed have the labor market all wrong?
The labor market just won't quit, but this could be another case of "good news is bad news" for the Federal Reserve.
2023-07-06 19:57
Former CIA chief: US needs to 'tighten the screws' on Russia's economy
Washington should crank up the pressure on Moscow as Russian President Vladimir Putin is confronted by a powerful one-two punch of military and economic failures, former CIA director David Petraeus tells CNN.
2023-07-06 19:53