A further step by the Securities and Exchange Commission toward forcing companies from China off American exchanges helped trigger the worst decline in US-listed Chinese stocks since the global financial crisis, and sparked a selloff in Hong Kong. The steep drops add to a punishing period for Chinese shares—some of which have now lost 40% […]
To understand why Xiang Guangda is regarded as the Steve Jobs of metals, look at an aerial shot of the Morowali Industrial Park on the Indonesian island of Sulawesi. It is here that the Chinese businessman built a vast manufacturing complex that stands as a testament to his domination of the global stainless steel industry. […]
Photo: Future Publishing (Getty Images) Autonomous vehicles don’t need steering wheels, brake pedals, drivers’ seats, or other manual driving controls meant for us meat machines any longer. New rules announced late Thursday by the National Highway Traffic Safety Administration (NHTSA) reverse the agency’s previous requirements for cars to pass crash standards. The NHTSA said the […]
The US Department of the Treasury is launching a cryptocurrency awareness program. “We’re just trying to raise awareness without trying to stamp out new technology and new innovation,” said an official of the Treasury. Treasury’s Efforts to Raise Crypto Awareness The US Department of the Treasury is launching an initiative to raise awareness about cryptocurrency […]
The Amazon Spheres at the company’s headquarters in Seattle, Wash. John Moore/Getty Images Text size Mathematically, stock splits create no value. Splitting your stock 20-for-1—a move Amazon announced last week—isn’t really any different than swapping a $20 bill for 20 singles. Your wallet might be a little fatter, but you aren’t any richer. The fact […]
Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally attempt continues to survive, but the major indexes lost significant ground for a second straight session as Russia’s Ukraine invasion continues to roil markets. The Federal Reserve is set to raise interest rates this coming […]
A man walks out of a currency exchange office in Saint Petersburg, Russia January 26, 2022. REUTERS/Anton Vaganov Register now for FREE unlimited access to Reuters.com Register LONDON, March 11 (Reuters) – The cost of Russia’s invasion of Ukraine will become a lot clearer next week, with a previously unthinkable sovereign default looming, more emergency […]
With gas prices soaring above $4 a gallon, electric vehicles are starting to look a lot more attractive to car buyers. But a combination of supply chain constraints, the global chip shortage, higher-than-average prices, and low inventory at dealerships will conspire to keep EVs out of reach for most people. Interest in switching from gas […]
For one brief moment this month, cryptocurrency prices appeared to be decoupling from the volatility roiling Wall Street — but are once again being dominated by risk-aversion stemming from the Russia-Ukraine conflict. For Bitcoin (BTC-USD), a debate has arisen about its use cases, such as (legitimate) Ukrainian donations, or (questionable at best) flows from Russians […]
Troy Naylor pumps gas into his truck at a Sinclair in Salt Lake City on Monday. Here are eight ways how you can still save money on gas. (Mengshin Lin, Deseret News) Estimated read time: 3-4 minutes SALT LAKE CITY — On average, a gallon of regular gas was selling for $4.30 in Utah on […]
0