BUSINESS

A lingering overabundance of inventory plaguing the computer processor and memory chip sector is showing no signs of relief as the consumer economy contracts and the boom caused by Coronavirus Disease 2019 (COVID-19) lockdown and work from home mandates has all but dissolved. Perhaps the most simultaneously amusing and apt

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 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...

Twitter’s Old Guard Spars With Elon Musk, It Ends Badly
Some of Twitter’s previous and remaining staff members thought it wise to spar with new owner and CEO...

Crypto Finance Needs ‘Strong Regulation’: Federal Reserve
Plagued by volatility and turmoil in recent months, the cryptocurrency market shows the need for it to...