Columbus, OH

Business Insider

A Chinese EV maker faces an especially harsh tariff because it failed to cooperate with EU authorities and did not provide necessary documentation.

A Chinese EV maker was slapped with a 36% tariff. The company said the EU wanted too much information.

Canada will implement a 100% tariff on EVs produced in China, along with a 25% tariff on Chinese aluminum and steel products. The move brings Canada in line with the U.S., which announced a similar tariff in May. Canada's Department of Finance called China an "extraordinary threat" to the global...

Canada Joins US With 100% Tariff on Chinese EVs

Axios

China's sputtering economy has become glaringly evident in financial markets in recent months: A historic bond market rally has been underway, driving the longer-term interest rates down. Beijing officials have forcefully tried to stamp it out. Why it matters: The lackluster economic backdrop makes China's safest assets, government bonds, more...

China's surprising bond boom

IBM (IBM) reportedly is closing its China research and development (R&D) department and moving those functions overseas. The Wall Street Journal said IBM executive Jack Hergenrother informed employees of the move in a virtual meeting Monday. In a statement to Investopedia, an IBM spokesperson said, "IBM adapts its operations as...

IBM Latest US Firm To Pull Back From China

Hong Kong (AFP) – Chinese e-commerce giant Alibaba said Friday it would upgrade its Hong Kong-listed shares to primary status, opening it up to China's huge army of investors that could potentially rake in billions of dollars for the firm. The decision by shareholders during its annual general meeting...

Alibaba to upgrade Hong Kong listing amid profit drop

The Foreign Ministry will be offering three-month visas as early as next month, Russian state media said.

Putin has decided that Russia is going to be a 'safe haven' for people who want to trade liberal Western ways for Russian 'moral values'

NBC News

Starbucks on Tuesday reported quarterly revenue that missed analysts’ expectations as both its U.S. and international cafes faced weaker demand. Shares of the company rose more than 1% in extended trading. Here is what the company reported compared to what Wall Street was expecting, based on a survey of...

Starbucks is reeling as customers go elsewhere, sales decline

Taiwan Semiconductor Manufacturing Co. (TSMC) has officially commenced construction of its first European plant in Dresden, Germany. The €10 billion ($11 billion) project marks a pivotal moment for the continent, which is striving to reduce its dependency on Asian semiconductor imports amid growing geopolitical tensions between the U.S. and China. The groundbreaking ceremony on Tuesday was attended by German Chancellor Olaf Scholz, European Commission President Ursula von der Leyen, and TSMC CEO C.C. Wei, underscoring the importance of this development for both Europe and Taiwan.

Germany Risks China’s Wrath as TSMC Breaks Ground on €10 Billion Chip Plant Amid Global Tech War

The US Sun

THE OLDEST animal walking the earth has lived through eight British monarchs, 40 US presidents and could be even older than first thought. Meet Jonathan, the giant tortoise who is 192 years old – at the “absolute” minimum. The “gentleman tortoise” is thought to have hatched around 1832 at the latest in the Seychelles, since living […]

Meet oldest living animal to walk the earth – Jonathan the tortoise who met late Queen & lived through 40 US presidents

While we adhere to strict editorial guidelines, partners on this page also provide us earnings. The stock market has shown robust upward momentum in 2024, with both the S&P 500 and the Nasdaq Composite posting double-digit gains year to date. However, renowned investor Jim Rogers is sounding the alarm. In...

‘America is long overdue for a problem’: Jim Rogers warns the next market collapse will be the 'worst' in his lifetime — here are 2 safe-haven assets if he was buying today

Offshore winds have the potential to supply coastlines with massive, consistent flows of clean electricity. One study estimates wind farms just offshore could meet 11 times the projected global electricity demand in 2040. In the U.S., the East Coast is an ideal location to capture this power, but there’s a...

Offshore wind farms connected by an underwater power grid for transmission could revolutionize how the East Coast gets its electricity

When much of human activity moved online during the height of the pandemic, tech companies were thriving. Call it the COVID tech bubble. Now we've hit the COVID tech bust. By the second half of 2022, tech companies had initiated significant layoffs — something that had followed an extended period of frenzied tech hiring and attention to employee experience. Standard explanations for the cuts were that companies hired too many during the pandemic and they were looking at the specter of a recession in the months ahead. It sounds a lot like the dot-com boom and bust of yore. Not all companies are impacted equally. It's the ones that hired at an accelerated rate during the boom that seem to be hitting the brakes right now.

Tech Company Layoffs: The COVID Tech Bubble Bursts

Quarterly-filed Form 13Fs provide a snapshot of which stocks Wall Street's smartest and richest investors have been buying and selling. Seven top-notch billionaire asset managers sent shares of Nvidia to the chopping block in the June-ended quarter. Aside from profit-taking, five additional reasons stand out as to why billionaire investors...

Billionaires Are Dumping Shares of Artificial Intelligence (AI) Stock Nvidia for a Third Straight Quarter -- Here's Why

Japan is offloading billions of dollars in US Treasuries as it fights to prop up its currency. New numbers from the US Treasury Department show Japan sold $22 billion in Treasury securities in May, reducing its holdings to $1.1283 trillion. The move marks the second month in a row that...

Japan Dumps $22,000,000,000 in US Treasuries in One Month As Government Mounts Billion-Dollar Battle To Prop Up Currency

Illinois State

I can remember vividly watching the Democratic National Convention in July of 2004 and seeing Illinois state Sen. Barack Obama for the first time — well, I knew about him, but seeing him speak for the first time. The Democratic presidential nominee at the time pegged Obama to give the keynote. Many said, “Who?” But when he appeared and spoke, it was spellbinding.

After 20 years, and after tonight, Obama will no longer be the Democrats' top star

Insider

A North Korea tour operator outlines the key rules for visiting the country, which is partially reopening for tourists after almost five years.

I've been to North Korea more than 180 times. Here's how tourists can stay out of trouble.

TheDailyBeast

Fears of an impending U.S. recession sent the Dow Jones Industrial Index tumbling more than 1,000 points in early trading Monday and triggered a panic sell-off in financial markets around the world.Wall Street went into meltdown with the S&P 500 down 4 percent and Nasdaq dropping 5.5 percent. The Dow Jones slipped 3 percent, or 1,197 points by 9.35 a.m. Eastern.Earlier, the FTSE 100 index in London fell by 2.1 percent, and it was followed by the Nikkei 225 in Japan plunging by 12.4 percent, or 4,451 points, the biggest one-day points drop in history.In Paris, the CAC-40 fell by...

Stock Markets Crash Worldwide Over Fears of U.S. Recession

Heat pumps are energy efficiency champions, providing more heating and cooling power than their electricity consumption. Imagine slashing your energy bills while giving your home an eco-friendly upgrade. Sound too good to be true? Enter the heat pump — your ticket to year-round comfort and serious savings. What is...

The government will pay you up to $8,000 to upgrade your HVAC — this simple tool will show you how

Mark Zuckerberg on Monday predicted a future where hundreds of millions of people regularly wear AI-powered smart glasses like Meta's Ray-Bans.

Mark Zuckerberg predicts a future where nearly everyone is wearing AI-powered smart glasses

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The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

NewsBreak

IBM is latest U.S. tech giant to pull back from China

IBM is the latest American company to downsize its presence in China amid heightened tensions between Washington and Beijing. Why it matters: China's efforts to decrease...

IBM is latest U.S. tech giant to pull back from China

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