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News Articles: Business

At a partially operating Evergrande commercial complex in Beijing on Monday, a man walks past a map of China that shows Evergrande's commercial complexes throughout the country. Evergrande was once listed as the world's most valuable real estate company, but on Monday, a Hong Kong court ordered it to be liquidated.

Tagged as: 

  • Asia

Here's what to know about the collapse of China's Evergrande property developer

In 2018, Evergrande was listed as the world's most valuable real estate company. But on Monday, a Hong Kong court ordered it to be liquidated.

February 02, 2024
|
By:
  • Scott Neuman
TikTok CEO Shou Zi Chew testifies before a Senate committee in Washington on Wednesday.

Tagged as: 

  • Politics

Tom Cotton grills Singaporean TikTok CEO: Are you a Chinese Communist?

TikTok faced scrutiny Wednesday along with other social media sites over child safety. But its Singaporean CEO was grilled over his nationality when a senator repeatedly asked whether he has CCP ties.

February 01, 2024
|
By:
  • Diba Mohtasham
Meta CEO Mark Zuckerberg testified on Wednesday before the Senate Judiciary Committee about the dangers of child sexual exploitation on social media, including Meta's Facebook and Instagram.

Tagged as: 

  • Technology

'You have blood on your hands,' Senator tells Mark Zuckerberg for failing kids online

The top tech executives from Meta, X, TikTok, Snap and Discord get the fifth degree from the Senate Judiciary Committee.

February 01, 2024
|
By:
  • Dara Kerr
Taylor Swift performs during her Eras Tour at Sofi stadium in Inglewood, Calif., on Aug. 7, 2023.

Tagged as: 

  • Music News

Taylor Swift, Drake, BTS and more may have their music taken off TikTok — here's why

Universal Music Group, the world's largest music company, has threatened to remove all of the music it owns from TikTok, unless the streaming platform agrees to more favorable terms.

February 01, 2024
|
By:
  • Neda Ulaby
GPB  NPR

Tagged as: 

  • Music

TikTok removes music from UMG artists, including Olivia Rodrigo and Taylor Swift

TikTok has removed all Universal Music Group music from its platform, according to a spokesperson for the company. UMG argues, among other things, that TikTok is not compensating its artists fairly.

February 01, 2024
|
By:
  • Elizabeth Blair and
  • Neda Ulaby
The House voted to approve a short-term expansion of the child tax credit along with restoring some business tax credits.

Tagged as: 

  • Politics

House passes bipartisan tax bill to expand child tax credit

The bill includes $33 billion to expand the widely used child tax credit for three years — including the tax season currently underway, provided the bill quickly passes the Senate.

February 01, 2024
|
By:
  • Kelsey Snell
An SAIC Volkswagen plant is seen in the outskirts of Urumqi in northwestern China's Xinjiang Uyghur Autonomous Region, Thursday, April 22, 2021.

Tagged as: 

  • Asia

Rights group warns major carmakers over risk of forced labor in China supply chains

Automakers including Tesla, General Motors, Volkswagen and Toyota are failing to ensure they are not using forced labor as part of their China supply chains, a report by Human Rights Watch says.

February 01, 2024
|
By:
  • The Associated Press
Left: A Kool cigarettes advertisement targeting Black communities for a sponsored event, the <em>Kool Jazz Festival</em>; Right: A Kent cigarettes ad targeting Black smokers.

Tagged as: 

  • Health

The fight over banning menthol cigarettes has a long history steeped in race

Black smokers make up menthol tobacco's largest market, and have the highest rates of lung cancer. But the fight over banning menthol is a complex and divisive issue in the Black community.

February 01, 2024
|
By:
  • Yuki Noguchi
A federal judge dismissed the Walt Disney Company's lawsuit against Florida Gov. Ron DeSantis. Disney sued after DeSantis and state lawmakers removed the company's self-governing status in 2023.

Tagged as: 

  • National

A federal judge dismisses Disney's lawsuit against Florida Gov. Ron DeSantis

The judge says Disney lacked standing to sue Florida's governor on First Amendment grounds after DeSantis removed Disney's self-governing status after the company's CEO spoke out about a Florida law.

January 31, 2024
|
By:
  • Greg Allen
An unpainted Boeing 737 Max 8 is parked at Renton Municipal Airport adjacent to Boeing's factory in Renton, Wash. on January 25, 2024. Boeing is still reeling from the fallout of an Alaska Airlines 737 Max 9 which lost a part of its fuselage in mid-flight earlier in the month.

Tagged as: 

  • National

Boeing declines to give a financial outlook as it focuses on quality and safety

In a call with investors, Boeing's CEO didn't offer a financial outlook for 2024. He said the company is focused on quality and safety after a fuselage panel blew off a 737 Max-9 jet in midair.

January 31, 2024
|
By:
  • Joel Rose
Fed Chair Jerome Powell speaks during a news conference after the concludion of the Fed's policy meeting in Washington, D.C., on Sept. 20, 2023. The Fed held interest rates steady on Wednesday but indicated it could cut rates this year while also noting it would move cautiously.

Tagged as: 

  • Economy

The Federal Reserve holds interest rates steady but signals rate cuts may be coming

The Federal Reserve held interest rates steady on Wednesday, but indicated that rates could fall in the coming months if inflation continues to cool.

January 31, 2024
|
By:
  • Scott Horsley
Patrick Cantlay finishes the first round at Torrey Pines, at the Farmers Insurance Open golf tournament in San Diego on Jan. 24. He is a member of the PGA Tour board, which unanimously approved a $3 billion deal with an investment group.

Tagged as: 

  • Sports

PGA Tour strikes a $3 billion deal with a sports owners investment group

The PGA Tour is getting a $3 billion investment from Strategic Sports Group in a deal that would give players access to more than $1.5 billion as equity owners in the new PGA Tour Enterprises.

January 31, 2024
|
By:
  • The Associated Press
Tesla CEO Elon Musk waves as he arrives at the annual political festival Atreju, organized by the Giorgia Meloni's Brothers of Italy political party, in Rome, Dec. 16, 2023.

Tagged as: 

  • Business

Elon Musk cannot keep Tesla pay package worth more than $55 billion, judge rules

Elon Musk is not entitled to landmark compensation package awarded by Tesla's board of directors that is potentially worth more than $55 billion, a Delaware judge ruled Tuesday.

January 31, 2024
|
By:
  • The Associated Press
Neuralink has conducted its first surgical test of a brain implant, Elon Musk says. An example of the device, whose size has been compared to a coin and which has "threads" that connect to the brain, is seen here in a photo from the company's brochure.

Tagged as: 

  • Technology

What to know about Elon Musk's Neuralink, which put an implant into a human brain

"Imagine if Stephen Hawking could communicate faster than a speed typist or auctioneer," Musk said as he announced the step. "That is the goal."

January 30, 2024
|
By:
  • Bill Chappell
A Toyota RAV4 sits on the sales lot at a Toyota dealership in February 2011 in Oakland, Calif.

Tagged as: 

  • Business

Toyota says 50,000 U.S. vehicles are unsafe to drive due to defective air bags

Toyota issued a "Do Not Drive" advisory for thousands of older models in the U.S., warning that a faulty air bag inflator has the potential to explode and seriously injure drivers or passengers.

January 30, 2024
|
By:
  • Diba Mohtasham
  • Load More

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