Business Times - Business & Financial News, China & International ...
WEBChina’s Inflation Rises on Weather-Driven Food Costs, But Deflation Woes Persist as Producer Prices Slide. According to data released by the National Bureau of Statistics (NBS) on Monday, the consumer price index (CPI) increased by 0.6% year-on-year, slightly up from a 0.5% rise in July but below the 0.7% forecasted by economists.
Fed Cuts Interest Rates by Half Point Amid Growing Concerns …
WEB1 day ago · On Wednesday, the central bank slashed the federal funds rate by 50 basis points, bringing it to a range of 4.75% to 5%. This aggressive move marks the beginning of what could be a series of rate cuts aimed at stabilizing the economy amid growing concerns about slowing job growth and softening inflation. The rate cut, which impacts short-term ...
Amazon Pushes Employees Back to Office Full-Time, Raising …
WEB1 day ago · Amazon's recent announcement to mandate five days of in-office work starting January 2024 is causing a stir across corporate America. The decision, communicated by CEO Andy Jassy in a memo to employees, marks a significant shift from the current policy of requiring staff to be in the office three days a week.
FBI Investigates Suspicious Packages Sent to Election Officials …
WEB1 day ago · The FBI and U.S. Postal Inspection Service are investigating a series of suspicious packages sent to election officials across more than 15 states, creating heightened concerns amid an already tense voting season. The packages, some containing unknown substances, were delivered to offices in states ...
GM Electric Vehicles Now Able to Charge at Tesla Superchargers …
WEB1 day ago · With GM's new initiative, the automaker's EV drivers will be able to charge their vehicles at over 17,800 Tesla Superchargers using GM-approved North American Charging Standard (NACS) DC adapters. These adapters, which cost $225, will be available for purchase through GM vehicle brand mobile apps. GM's customers will also have access to …
Oil Prices Drop Below $80 Amid China Slowdown and ... - Business …
WEBAug 17, 2024 · Oil prices experienced a significant drop on Friday, falling more than $2 per barrel, with Brent crude dipping below the $80 mark. This decline has set the stage for a weekly loss, driven primarily by renewed concerns over China's economic health, which have overshadowed lingering geopolitical risks in the Middle East.
U.S. Faces Largest Summer COVID Surge in Two Years: Health …
WEBAug 17, 2024 · As summer draws to a close, the United States is experiencing its largest surge in COVID-19 cases in at least two years, signaling the need for renewed vigilance and precaution. Data from the Centers for Disease Control and Prevention (CDC) show a significant rise in viral activity, with levels in wastewater reaching the highest point for a summer surge since July 2022.
Newsom Signs Landmark Bills Targeting Smash-and-Grab …
WEBAug 17, 2024 · California Governor Gavin Newsom has signed a sweeping package of legislation aimed at curbing the surge in smash-and-grab robberies and property crimes across the state. The bipartisan effort, which includes 10 new bills, seeks to impose stricter penalties on repeat offenders and dismantle organized reselling schemes, marking what Newsom described as "the most significant legislation to ...
Abbott Ordered to Pay $495M Over Infant Formula Linked to …
WEBJul 28, 2024 · A St. Louis jury on Friday delivered a landmark verdict against Abbott Laboratories, ordering the healthcare company to pay $495 million in damages over claims that its specialized formula for premature infants caused a severe bowel disease in a young girl. This case is the first of hundreds of similar lawsuits against the company, marking a significant moment in ongoing legal battles ...
New York’s First Mask Ban Enacted in Nassau County, Raising …
WEBAug 15, 2024 · Nassau County, New York, has become the first jurisdiction in the United States to pass a law banning the use of face masks in public spaces, a move that has ignited a heated debate over public safety, civil liberties, and the potential for discriminatory enforcement. The new legislation, known as the Mask Transparency Act, was signed into law on Wednesday by Nassau County Executive Bruce ...