Samsung Electronics Co. is preparing to end a $44 billion investment in U.S. chipmaking as early as next week, a key project in Washington’s broader effort to bring semiconductor manufacturing…
Category: Business News
Hong Kong’s digital asset exchange warns about the feasibility of the city’s new crypto rules
The CEO of one of Hong Kong’s two licensed cryptocurrency exchanges has criticized the city’s new approach to digital asset trading, saying it could limit access to global customers. Hong…
Uber and Lyft delay their plans to leave Minneapolis By Reuters
(Reuters) – Ride-hailing company Lyft (NASDAQ:) and Uber (NYSE:) will extend their services in Minneapolis through July 1, they said Thursday, after city officials voted a day earlier to delay…
Sam Bankman-Fried appeals his fraud conviction and 25-year prison sentence
Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives in court as lawyers push to convince the judge overseeing his fraud case not to jail him before trial, in…
Filipino workers who take orders at a fast food restaurant via Zoom are paid a few dollars an hour
Trying to stay afloat in a restaurant industry that spends 36% of its money on labor and with a minimum wage hovering around $16, a group of local chains in…
US calls on China to tell Iran not to retaliate against Israel
The United States has asked China and other countries, including Turkey and Saudi Arabia, to urge Tehran not to launch a retaliatory strike against Israel for its airstrike on the…
CEO of DTF Term Fund with 2028 Tax-Free Income Buys $26.8K in Stock From Investing.com
In a recent move signaling confidence in the company, David D. Grumhaus Jr., President and CEO of DTF Tax-Free Income 2028 Term Fund Inc (NYSE:DTF), purchased shares of the company’s…
Apple stock just had its best day since last May
Apple CEO Tim Cook greets customers as he arrives for the Vision Pro headphones launch at the Apple Store in New York City on February 2, 2024. Angela Weiss |…
Roblox introduces programmatic ads for video games
Whether we like it or not, the Internet age is fueled by advertising, which is increasingly spreading into forms of entertainment you might not expect. It all started on social…
More US regulators join investigation into Morgan Stanley asset management
Unlock the Publisher’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Three other U.S. regulators have launched investigations into how Morgan…