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BUSINESS

COVID Cases Spike as China Loosens Stringent Regulations in Bid to Salvage Economy
After nearly two years of unrelenting “zero-COVID” pandemic measures that saw millions of people confined...
The New York Fed will roll out a digital dollar pilot with some of the nation's largest banks in preparation for a social credit system
New York Fed to Captain 12-Week Digital Dollar Test Run
The Federal Reserve Bank of New York (FRBNY) announced a 12-week digital dollar pilot involving major...
Elizabeth Holmes Sentenced to More Than 11 Years in Prison for Theranos Fraud
By Jody Godoy and Dan Levine SAN JOSE, Calif. — A federal judge on Friday sentenced Theranos founder...
US Government Announces $13 Billion in Funding to ‘Modernize’ Power Grids
The White House announced through the Department of Energy (DOE) on Friday, Nov. 18 that it is soliciting...
Facebook staffers and security guards took bribes in exchange for account access, a report alleges
Facebook Staffers Took Huge Bribes In Exchange for Access to User Accounts: Reports
Facebook has fired multiple employees over the course of the last 12 months for allegedly accepting bribes...
Trade Gap Persists in Japan as Weak Yen Squeezes Purchasing Power
TOKYO — Japan's imports surged by more than half in October from a year earlier, dwarfing exports and...
Singapore Firm Becomes Latest Backer to Write Down $275 Million Funding Amid FTX Collapse
SINGAPORE — Singapore state investor Temasek Holdings said it would write down the value of its entire...
Is China Losing Its Hold on the World’s Rare Earths Market?
For years, China has dominated the global market for rare earth metals. These vital materials are used...
Oil Prices Rise Amid Optimistic Outlook of Easing Inflation
NEW YORK — Oil prices rose on Tuesday, Nov 15 along with major stock indexes, after U.S. data signaled...