From the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Melody Hahm to discuss the latest market moves, as we head into the final hours of August trading.
US Secretary of State Antony Blinken called Thursday on the United States and China to manage their differences "responsibly" as he landed in Beijing for tough talks with the rival power's leaders.China has accused the United States of unfair economic coercion.
White House and EPA to release new rules to reduce pollution at power plants, curb fossil fuel emissions scientists say are driving climate change
Taiwan's president-elect has appointed new foreign and defense ministers to join his incoming administration as the island faces continuing military threats and diplomatic isolation from China. Lai Ching-te, who assumes the presidency on May 20, announced Thursday that current Presidential Secretary General Lin Chia-lung will take over as foreign minister.
More than 3 million air fryers from Insignia, Cosori and more have been recalled due to fire and burn hazards, a USA TODAY review found.
Progressive lawmakers are warning their support isn't a magic bullet for the president's shaky ground with young voters over Gaza.
Italy on Thursday marked its liberation from Nazi occupation and fascist rule amid a fresh media controversy over suspected censorship and the legacy of Italian fascist complicity in the Holocaust and World War II-era crimes. Premier Giorgia Meloni, whose Brothers of Italy party traces its roots to the neo-fascist movement that emerged after the fall of dictator Benito Mussolini, joined the Italian president at the tomb of the unknown soldier in Rome for the solemn Liberation Day commemoration. This year’s anniversary was marked by a media storm over the decision by state-run RAI television to spike a planned Liberation Day monologue by an Italian author denouncing fascism and what he said was Meloni’s refusal to repudiate it.
Coal-fired power plants would be forced to capture smokestack emissions or shut down under a rule issued Thursday by the Environmental Protection Agency. New limits on greenhouse gas emissions from fossil fuel-fired electric plants are the Biden administration's most ambitious effort yet to roll back planet-warming pollution from the power sector, the nation’s second-largest contributor to climate change. The rules are a key part of President Joe Biden's pledge to eliminate carbon pollution from the electricity sector by 2035 and economy-wide by 2050.
Republican China hardliner Marco Rubio is calling on the Biden administration to block all sales to Huawei after the sanctioned Chinese tech company released a new AI-enabled laptop powered by an Intel AI processor chip. The release of Huawei's first AI-enabled laptop, the MateBook X Pro powered by Intel's new Core Ultra 9 processor, last week drew fire from Republican lawmakers, who said it suggests that the Commerce Department had given the greenlight to Intel to sell the chip to Huawei.
U.S. President Joe Biden will travel to Syracuse, New York, on Thursday to announce a preliminary agreement with memory chip maker Micron Technology for up to $6.14 billion in subsidies for two chip factories, the White House said. The agreement signed by the U.S. Commerce Department will fund facilities in New York and Idaho under the 2022 CHIPS and Science Act, which aims to boost domestic manufacturing of chips and reduce reliance on supplies from China and Taiwan. The Commerce Department said the federal grants would support the construction of a fabrication plant, or fab, in Clay, New York, a first step toward Micron's plans to invest about $100 billion in New York and create 13,500 jobs.
Cartels weaponize immigration by controlling the flow of migrants across America's southern border, Texas' border czar Mike Banks says.
President Joe Biden has a great economic story to tell voters a decade from now, less so in 2024. On Thursday, the Democratic president will head to upstate New York to celebrate Micron Technology's plans to build a campus of computer chip factories made possible in part with government support. Staring down a rematch with Republican Donald Trump, Biden is asking voters to believe in a vision for the U.S. economy that is still largely a promise.
The Biden administration on Thursday announced it has finalized rules targeting carbon, air and water pollution from power plants that it says could cut over 1 billion metric tons from carbon emissions by 2047 even as demand for electricity grows. The Environmental Protection Agency tightened a proposal to slash carbon emissions from existing coal and new gas plants, and updated and finalized long-standing rules to reduce mercury and toxic air pollutants and clean up wastewater and coal ash discharge. "EPA is cutting pollution while ensuring that power companies can make smart investments and continue to deliver reliable electricity for all Americans," EPA Administrator Michael Regan said in a statement.
Investors appear to be losing patience with Big Tech's prodigious artificial intelligence investments this week after Meta Platforms signaled deeper spending and a long road to profitability. The concession from Meta in its quarterly report late on Wednesday cast a cloud over Microsoft and Alphabet, which will both report quarterly earnings on Thursday. Meta's stock sank 15% in extended trade after it forecast higher AI spending next year, while Microsoft was down 2%, Alphabet fell 3% and Nvidia dropped 1.4% in reaction.
Half of voters in a new POLITICO-Morning Consult poll support states making their own laws about abortion access, compared with just 35 percent who oppose that.
Visiting chipmakers has become one of President Biden's most common reasons for getting on the road. He will do so again Thursday as he travels to Syracuse to award Micron $6 billion in federal money.
A ship traveling in the Gulf of Aden came under attack Thursday, officials said, the latest assault likely carried out by Yemen's Houthi rebels over Israel's ongoing war on Hamas in the Gaza Strip. The attack comes after the U.S. military said early Thursday an allied warship shot down a Houthi missile targeting a vessel the day before near the same area. The Houthis claimed that Wednesday assault, which comes after a period of relatively few rebel attacks on shipping in the region over Israel’s ongoing war on Hamas in the Gaza Strip.
Frustrated by “hit-and-run” tourists, the Venetian government has implemented an experimental scheme to charge €5 to day trippers.
French President Emmanuel Macron is expected to outline his vision for Europe to become a more assertive global power against a backdrop of war in Ukraine and other security and economic challenges, in a speech on Thursday ahead of pivotal European Parliament elections in June. The French president plans to focus on strategic and geopolitical issues in Europe, including defense, the economy, protecting the environment and safeguarding democracy, his advisers said. Russia’s war in Ukraine, now in its third year, is expected to be the main theme of the speech Macron will deliver at Paris’ Sorbonne University on Thursday.
Former Malaysian Prime Minister Mahathir Mohamad is among individuals being investigated in connection with a graft probe involving his sons, the head of Malaysia's Anti-Corruption Commission said on Thursday. The Malaysian Anti-Corruption Commission (MACC) in January served Mahathir's businessmen sons, Mirzan and Mokhzani, with notices to declare their wealth, as part of investigations into offshore financial and business records revealed by a group of news organisations. The MACC's chief commissioner Azam Baki on Thursday declined to elaborate on the investigations facing Mahathir or his sons.
Green NGOs have accused the Asian Development Bank of indirectly financing coal plants in Indonesia through a $600 million loan despite promises to no longer fund projects tied to the fossil fuel, according to a new report."Publicly funded institutions like the Asian Development Bank must include robust coal exclusions in contracts... in order to end coal finance for good," said Daniel Willis, finance campaigner at NGO Recourse.
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