In a fiery primetime speech, President Joe Biden launched an all-out assault on former President Donald Trump and “MAGA Republicans,” saying they “pose a clear and present danger” to American democracy. “It’s in our hands, yours and mine, to stop the assault on American democracy,” Biden said Thursday from Independence […]
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Tesla reports record profit, but warns of continued supply chain issues
The company had adjusted earnings of $2.9 billion, up sharply from $903 million a year earlier and well above $2.6 billion forecast by analysts surveyed by Refinitiv. Revenue of $17.7 billion was up 65% from a year earlier. The results took full year earnings to $7.6 billion, and revenue to […]
Evergrande crisis: US Fed warns China’s property problems could hurt global markets and the US economy
The US central bank warned Monday that China’s ongoing property woes could elevate “financial stresses in China, [which] could further strain global financial markets and negatively affect the United States.” In its biannual report on financial stability, the Fed pointed specifically to the crisis at Evergrande, China’s most indebted developer. […]
Evergrande, Chinese property giant, warns again that it could default on its enormous debts
The embattled Chinese property giant has already warned in recent weeks of its cash crisis, listing $300 billion in total liabilities and saying that it could default if it’s unable to raise money quickly. Should that happen, the effects would be felt across China’s banking system and the wider economy. […]
Microsoft CEO warns ‘people will vote with their feet’ when it comes to return-to-work policies
This week, Google (GOOG), Facebook (FB) and other companies took a firm stance on vaccine mandates, requiring all US employees to be vaccinated before returning to the office. But one tech giant, Microsoft, is taking a much less stringent approach — at least for now. “There will be some combination […]
Customers Power Scammers Are Again, Mich Attorney General Warns
She tweeted, in support of Color of Change, a progressive nonprofit civil rights advocacy organization, and The “Still In Prison” marketing campaign, which is working to lift public awareness concerning the impact of Oregon’s legislation. Chelsea Clinton earlier this week tweeted that Oregon’s lawyer general should reverse giant numbers of […]