Yahoo Finance's Dion Rabouin and Jared Blikre break down the latest market moves as Amazon shares approach the 2,000 price level, and they debate the importance of the flattening yield curve.
TikTok is gearing up for a legal fight against a U.S. law that would force the social media platform to break ties with its China-based parent company, a move almost certainly backed by Chinese authorities as the bitter U.S.-China rivalry threatens the future of a wildly popular way for young people in America to connect online. Beijing has signaled TikTok should fight what it has called a “robbers” act by U.S. lawmakers “to snatch from others all the good things that they have.” Should a legal challenge fail, observers say Chinese authorities are unlikely to allow a sale, a move that could be seen as surrendering to Washington.
The company made the announcement on Thursday.
The leader of the pro-independence Scottish National Party on Thursday ended a coalition deal with the Greens, leaving him facing fresh pressure as the head of a minority government in Edinburgh."I have terminated the Bute House (coalition) Agreement with immediate effect," he said, admitting that ruling as a minority government would be "tough" but promising to work with all parties in parliament.
The Federal Communications Commission said on Thursday it is ordering the U.S. units of China Telecom, China Unicom and China Mobile to discontinue fixed or mobile broadband internet operations in the United States. The FCC said it was requiring the Chinese carriers to discontinue services within 60 days of the effective date of the net neutrality order approved on Thursday. The order also applies to Chinese telecom Pacific Networks and its wholly owned subsidiary ComNet.
The United States on Thursday announced sweeping new rules requiring coal-fired plants to eliminate nearly all their carbon emissions or commit to shutting down altogether, a keystone of President Joe Biden's agenda to confront the climate crisis.Coal plants have two more years to come into compliance, but the emissions reductions will apply to all coal plants that don't have firm commitments to retire by 2039, which is a year earlier than the draft envisaged.
The UK on Thursday joined the United States and Canada in announcing a fresh set of sanctions against Iran's drone and missile industries after its recent attack on Israel. The United States and Britain announced widespread sanctions on Iran last week, targeting individuals and companies involved in the Iranian drone industry.
New York's highest court on Thursday overturned disgraced Hollywood producer Harvey Weinstein's 2020 conviction on sex crime charges, a shock reversal in one of the defining cases of the #MeToo movement.Weinstein is not the first high-profile man convicted in the wake of the #MeToo movement to have his conviction overturned.
The startup joins a list of companies that have seen strong debuts recently as initial public offerings bounce back on hopes of a soft landing for the economy, where inflation falls without a recession or big job losses. The rapid adoption of cloud applications for data storage and transfer has left businesses vulnerable to malicious attacks via the internet and boosted the appeal of cybersecurity firms. Palo Alto, California-based Rubrik provides data security solutions to more than 6,100 customers including appliance maker Whirlpool, snacks and beverages giant PepsiCo and investment bank Goldman Sachs.
During arguments over Donald Trump's immunity claim, Justice Samuel Alito raised the saying that grand juries would indict a ham sandwich if asked to.
The Gateway Pundit, a far-right news site, filed for bankruptcy Wednesday, following litigation by election workers and others who faced harassment after the site made false claims that the 2020 U.S. election was stolen. Gateway Pundit founder Jim Hoft said in a statement that the bankruptcy filing was the result of "progressive liberal lawfare attacks" meant to "silence" his company. Hoft said the Gateway Pundit would continue to publish during its bankruptcy.
Only one vehicle of the 10 small SUVs tested earned a good rating.
In an unprecedented year, the core of journalism remains the same
Both first-time and repeat homebuyers felt the sting of higher rates this week, as rates for the popular 30-year fixed mortgage hit 7.17%, per Freddie Mac.
The White House is seizing on remarks by Mitch McConnell that Trump was resistant to accepting any bipartisan compromise to toughen border security laws.
Italy’s canal city has begun charging a 5 euro entry fee for people visiting for the day, the world’s first such measure to tackle chronic overtourism at peak times.
Global warming caused by fossil fuel emissions "most likely" exacerbated the intense rains that lashed the UAE and Oman last week, causing deaths and widespread flooding, an expert group of scientists said Thursday."The UAE and Oman floods have shown that even dry regions can be strongly affected by precipitation events, a threat that is increasing with increasing global warming due to fossil fuel burning," said Sonia Seneviratne, a WWA member and professor at Zurich's ETH university.
The New York Court of Appeals on Thursday overturned the sex crimes conviction against Harvey Weinstein, the powerful Hollywood producer whose downfall stood as a symbol of the #MeToo movement.
A ceremony for seven aid workers of the World Central Kitchen killed by an Israeli strike in Gaza was held in Washington on Thursday.World Central Kitchen suspended its activities in Gaza after the incident, having been active in feeding people in the territory since the start of the war in October. rle/bjt/dw
Russian President Vladimir Putin said Thursday he plans to visit China in May, his first planned trip abroad since re-election as Moscow seeks deeper ties with Beijing."A visit in May is planned," Putin said at a business forum in Moscow, without providing further detail.
Some Hamas officials are signaling that the militant group could give up armed struggle against Israel if the Palestinians get an independent state in territories captured by Israel in the 1967 war.
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