Full Episodes

U.S. consumer sentiment tumbled to a six-month low in May, as households worried about the higher cost of living and unemployment. President Joe Biden is set to announce new China tariffs as soon as next week targeting strategic sectors, including a major hike in levies on electric vehicles (EVs), according to people familiar with the matter cited by Reuters. Novavax’s stock […]

A new report says a number of U.S. pensions, university endowments, and other institutional investors may have exposure to TikTok’s owner, Byte Dance, according to a new report by a bipartisan advocacy organization Future Union. Lawmakers in the House of Representatives have voted to repeal a controversial crypto rule by the Securities and Exchange Commission. […]

Crypto exchange FTX will have between $14.5 billion to $16.3 billion to pay its creditors and customers, according to an amended reorganization plan filed by the company on Tuesday in a U.S. bankruptcy court. The United States has reportedly revoked licenses that allowed companies including Intel and Qualcomm to ship chips used for laptops and handsets to […]

TikTok sued on Tuesday to block a new law that requires the sale of the app from its Chinese parent company or its ban from app stores and web-hosting services. A new report shows that the Social Security system’s main trust fund will be depleted by 2035—one year later than a prior estimate, though concerns […]

Warren Buffett assured Berkshire Hathaway shareholders that the executives expected to succeed him were ready for the job, and he heaped praise on Apple although Berkshire trimmed its position in the iPhone maker. The Federal Aviation Administration (FAA) said on Monday it has opened an investigation into the Boeing 787 Dreamliner after the planemaker said some employees […]

An auditing firm that represents hundreds of clients including Trump Media, which owns former President Donald Trump’s “Truth Social” app, reached a $12 million settlement with the Securities and Exchange Commission (SEC) to settle charges alleging it failed to comply with accounting oversight standards affecting over 1,500 of its SEC filings. The U.S. labor market […]

A former quality auditor at a Boeing supplier died suddenly this week after struggling with a “sudden, fast-spreading infection,” the Seattle Times reported on May 1. U.S. stocks rallied on Thursday as investors weighed the Federal Reserve’s more dovish-than-expected interest rate guidance on Wednesday against a plethora of mixed earnings and economic data. A U.S. […]

The Federal Reserve left interest rates unchanged at their highest levels in 23 years as monetary policymakers have observed “a lack of further progress” toward the central bank’s 2 percent inflation target. Regulatory filings show that former President Donald Trump increased his stake significantly in the company behind his social media platform Truth Social, with the former […]

Binance founder Changpeng Zhao was sentenced Tuesday to four months in prison for allowing rampant money laundering on the world’s largest cryptocurrency exchange. Elon Musk has dismissed two Tesla senior executives and plans to lay off hundreds more employees, frustrated by falling sales and the pace of job cuts so far, The Information reported on Tuesday, citing […]

An April small business report found 43 percent of small business renters were late on their rent or could only pay part of their payment. Alignable conducted the survey. It found that small business owners say rent is higher, costs have increased, and revenue is declining. Nearly 70 percent of businesses formed before the pandemic […]

The Federal Reserve’s preferred inflation gauge surged at a higher-than-expected pace, highlighting the persistent struggle to return inflation to the central bank’s 2 percent target. Alphabet Inc. announced a first-time-ever dividend program and a $70 billion buyback of its own stock that could revitalize the tech company for the next year. TikTok’s Beijing-based owner ByteDance […]

The U.S. economy showed signs of slowing in the first quarter as inflation pressures and higher borrowing costs weighed on the country to kick off 2024. Facebook owner Meta registered nearly $4 billion in losses for its metaverse and AI research wing in the first quarter, with the company’s stock crashing by more than 11 […]

The clock is ticking for TikTok. China-based ByteDance now has about a year to divest TikTok or it will be banned in the United States. CEO Shou Zi Chew is vowing to fight the new bill signed into law Wednesday by President Joe Biden. The owner of former President Donald Trump’s Truth Social wants Congress […]

Billions of dollars in foreign aid for Ukraine, Israel, and Taiwan advanced in the U.S. Senate on Tuesday, as well as a potential ban on the social media app TikTok, measures for the transfer of seized Russian assets to Ukraine, and new sanctions on Iran. Apple’s smartphone shipments in China tumbled 19 percent in the […]

Former President Donald Trump is in line to receive around $1.3 billion worth in additional Truth Social stock. This would push the value of his ownership to the $4 billion range. Tesla slashed prices by up to $2,000 on its vehicles such as the Model 3 and Model Y in several markets including the United […]

FBI Director Christopher Wray said Thursday that hackers linked to the Chinese Communist Party (CCP) have infiltrated America’s critical infrastructure and are biding their time as they wait for the right moment to strike a “devastating blow.” Tesla is recalling 3,878 Cybertrucks to fix an accelerator pedal pad that could come loose and get lodged […]

Google said on Thursday it had terminated 28 employees after some staff participated in protests against the company’s cloud contract with the Israeli government. Memory chip maker Micron Technology is set to receive $6.1 billion in grants from the U.S. Commerce Department to help pay for domestic chip factory projects, Democratic U.S. Senate Majority Leader Chuck Schumer said on […]