Vision Times News
Wall Street Tumbles Amid Fed Tightening Jitters, Economic Rumblings
Wall Street ended sharply lower on Thursday, extending its losses in late afternoon trading as a raft of economic data failed to alter the expected course of aggressive tightening by the Federal Reserve amid growing...
YouTube, Meta Will Expand Policies, Research to Fight Online Extremism
Major tech companies said on Thursday they will take fresh steps to combat online extremism by removing more violent content and promoting media literacy with young users, as part of a White House summit on...
General Electric Deliveries Still Affected by Supply-chain Issues
General Electric Co is still grappling with supply-chain bottlenecks which have made it tougher to deliver products to customers on time, Chief Financial Officer Carolina Dybeck Happe said on Thursday. All the businesses of the...
Lawsuit Claims Pfizer Fellowship Program is Biased Against Whites, Asian-Americans
A group of medical professionals that advocates against "radical, divisive, and discriminatory ideology" in healthcare sued Pfizer Inc on Thursday, saying the drug-maker runs a fellowship that illegally excludes white and Asian-American applicants. In a...
Biden Administration Races to Avert Rail Shutdown, Smaller Union Rejects Deal
Biden administration officials, keen to avert a potential rail shutdown that could disrupt cargo shipments and impede food and fuel supplies, hosted labor contract talks on Wednesday as one of the smaller unions involved in...
Explainer: Why Western Canada Has Some of the Cheapest Natural Gas in the World
Despite soaring global demand for natural gas, Canadian producers are struggling with volatile prices and deep discounts at Alberta's AECO hub, one of the largest storage facilities in North America and where the benchmark price...
South Korea Fines Google, Meta Billions of Won for Privacy Violations
South Korea levied tens of millions of dollars in fines on Alphabet's Google and Meta Platforms for privacy law violations, authorities said on Wednesday. In a statement, the Personal Information Protection Commission said it fined...
Biden Declares ‘Detroit is back’ as he Lauds Shift to Electric Vehicles
President Joe Biden took a victory lap on Wednesday at the Detroit auto show, highlighting automakers' increasing shift to electric vehicles and billions of dollars in new investments in battery plants. The trip to the...
California Alleges Amazon.com Stifled Price Competition in Lawsuit
California filed a lawsuit against Amazon.com on Wednesday, alleging that the company violated antitrust law by blocking price competition and pushing up prices for consumers. California Attorney General Rob Bonta said Amazon's rules bar merchants...
Kuehne Raises Lufthansa Stake to 17.5% as Germany Sells Remaining Shares
BERLIN/ZURICH — Logistics entrepreneur Klaus-Michael Kuehne has increased his stake in Lufthansa to 17.5%, Kuehne Holding said on Wednesday, Sept. 14 after the German government sold all its remaining shares in the airline. "This underlines...
UBS To Boost Dividend, Sees Buybacks Above 2022 Target
ZURICH — UBS Group plans to increase its dividend by 10 percent and expects 2022 share repurchases to exceed its $5 billion goal, the Swiss bank said, boosting payouts from its strong balance sheet after...
IMF’s Georgieva Says Central Bankers Must Be ‘Stubborn’ in Fighting Inflation
WASHINGTON — Central bankers must be persistent in fighting broad-based inflation, International Monetary Fund chief Kristalina Georgieva said on Wednesday, Sept. 14, conceding that many economists were wrong when they predicted last year that inflation...