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BUSINESS

Bitcoin miners and Tesla drivers were asked to power down during the current Texas heatwave and its accompanying electricity crisis.
Crypto Miners, Tesla Drivers, Asked to Power Down Amid Texas Electricity Crisis, Heat Wave
The Texas power authority has asked businesses, which includes some of the largest crypto mining operations in the industry, to power down amid a heatwave that’s spawned an energy crisis. Tesla owners were also asked...
China Technology Companies Fined
Alibaba and Tencent Stocks Plunge After Latest Fines
HONG KONG (AP) — Shares of Chinese technology firms Alibaba and Tencent fell sharply on Monday, July 11, a day after Chinese regulators fined their subsidiaries for not disclosing transactions and failing to comply with...
Financial Markets Wall Street
US Stocks Waver as Earnings Reports for Companies Begin
NEW YORK (AP) — Stocks wavered in morning trading on Wall Street Tuesday, July 12 as traders brace for a big week of news on inflation and company earnings reports. The S&P 500 fell 0.3%...
China Experiencing Worst Capital Flight in 7 Years, Manufacturers Also Hit Hard
Reeling from unrelenting COVID lockdowns, travel restrictions and movement curbs, China’s national economy and over 20 other emerging national markets are seeing the worst capital exodus in seven years, according to several expert analyses. One...
The Biden Admin sold some of the US SPR to the CCP amid the energy crisis and inflation.
Biden Admin Selling US Oil Reserves to China, Europe Amid Energy Crisis
The Joe Biden Administration has drained the U.S. Strategic Petroleum Reserve (SPR) to its lowest levels in 35 years amid a gasoline and diesel price crisis that serves as a crucial driver of record inflation,...
As oil returned to under $100 a barrel for the first time in months, media messaging showed itself to be all the more dissonant and chaotic.
Oil Dips Toward Sub-$100 Prices as Media Messaging Turns Dissonant
News analysis As U.S. oil prices below $100 per barrel for the first time in almost two months greeted commodities traders and market aficionados for the first full day of U.S. market trading in July,...
Is the US on the cusp of a new housing crisis? Data does not look optimistic.
Is the US on the Cusp of a Housing Crash?
U.S.-based homeowners and prospective buyers may be caught in the unwinding apex of a housing crash, data and media chatter reveal.  Although sellers in hotly contended North American metropolises have become accustomed to high listing...
Microsoft Research had 18 people spend a week working in virtual reality, and they hated it, a study shows.
18 People Spent 40 Hours ‘Working’ in Virtual Reality and Hated It
A newly published first-of-its-kind study put 18 people in virtual reality for a full 40-hour work week. The results were far from indicating virtual reality has a chance to become a new paradigm of the...
Elon Musk told a Bloomberg-led interview at the Qatar Economic Forum that Biden has his impressions of a coming recession all wrong.
Musk: Biden Dead Wrong on Chances of Recession
Elon Musk thinks Joe Biden is gravely mistaken in his analysis of the state of the U.S. and global economy, recent comments by the tech mogul reveal.  During a June 21 appearance at the Qatar...