The Commerce Department said Thursday it is considering rules that could limit or even ban the sale of Chinese-made drones in the US a move that follows growing alarm over a disturbing series ofunidentified drone sightings in New Jersey and New York. The department is seeking public comments by March 4 to bolster security in
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US online spending rose nearly 9% during the 2024 holiday season, with shoppers increasingly buying products such as TVs and LEGO sets on their smartphones, data from Adobe Analytics showed on Tuesday. Holiday spending from Nov. 1 through Dec. 31 rose 8.7% to about $241.4 billion online, higher than Adobe’s initial forecast of $240.8 billion made in September. In 2023, online spending during the same period
Passengers on multiple Turkish Airlines flights reported bedbugs crawling on the seats and falling from the cabin with the carrier brushing off the infestations, according to a report. Last March, Patience Titcombe, 36, claimed she noticed a tiny bug crawling up her seat after she boarded her Turkish Airlines flight from Johannesbur to Istanbul. I
WASHINGTON Even as Nippon Steel faced skepticism of its doomed $14.9 billion bid for US Steel from the Biden administration, it was also contending with headwinds from an unlikely source: the CEO of a rival bidder for the firm who repeatedly cast doubt on the deal’s prospects to investors. Lourenco Goncalves, CEO of steelmaker Cleveland-Cliffs, which
Elon Musks father says his billionaire son has expressed interest in buying English soccer club Liverpool. The Premier League club is privately owned by Fenway Sports Group, which has not indicated it wants to sell but has accepted external investment in the past. Errol Musk, in an interview with Times Radio, acknowledged that the Tesla CEO has an
Amid Bitcoin continuous correction in recent weeks, there has been a significant drop in BTC’s trading volume on Binance, the worlds largest crypto exchange raising concerns about the implications for the market. A CryptoQuant analyst has highlighted in a report thatboth spot and futures trading volumes for the BTC/USDT pair have witnessed a sharp decline.
Cybersecurity guru Amit Yoran, 54, a noted expert in the field who worked in the past for the Homeland Security Department and spoke on the subject on television, has died after a battle with cancer, his company said Saturday. Yoran, described as a visionary, who took a leave of absence last month, passed away Friday,
US fintech firm Ripple and blockchain oracle provider Chainlink have partnered to accelerate the adoption of the cross-border payments firms stablecoin, Ripple USD. Ripple has adopted the Chainlink standard to access highly secure and reliable pricing data around the recently launched Ripple USD (RLUSD) stablecoin, stated Chainlink on Jan. 7. Ripple describes its new stablecoin
Ethereum price started a fresh recovery wave from the $3,320 zone. ETH is consolidating and aims for a fresh increase above the $3,450 resistance. Ethereum price remained stable above the $3,250 level and started a fresh recovery wave like Bitcoin. ETH gained pace for a move above the $3,320 and $3,350 resistance levels. There was
Many of the world’s largest hedge funds raked in comfortable double-digit returns in 2024 — benefiting from chaotic markets, central bank policy changes and a tight presidential election race. The big winners included Dan Loeb’s New York-based Third Point, which posted a 28.7% return, Mets owner Steve Cohen’s Point72, which reported a 19% return, and
Share Tweet By Tr Goins-Phillips Editor January 5, 2025 A new advisory from the U.S. surgeon general categorizes alcohol consumption as the “third leading preventable cause of cancer” in the country. Dr. Vivek Murthy issued the guidance Friday, stating new findings link alcohol to the chances of contracting at least seven different kinds of cancer:
The Ripple cross-border payment token has climbed almost 15% over the past 24 hours, hitting an intraday high of $2.44 during early trading in Asia on Jan. 2. It is the highest XRP has been since mid-December, as payment coins lead the way into the new year. The Ripple token exploded to top $2.90 in
PayPal has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting part of a $535 million investment program to black and Hispanic applicants, costing her millions of dollars. Thursday’s complaint by Nisha Desai and her New York-based venture capital firm Andav Capital is part of a growing push among some conservatives to curtail diversity,
US longshoremen reached a contract agreement with ports and shippers Wednesday, averting a potential strike that could have damaged the American economy. The International Longshoremens Association union and the US Maritime Alliance of ports and shipping companies said they had reached a tentative agreement for a six-year contract, a week ahead of a Jan. 15
We love bonds, but we hate it when they make the front page. Let’s face it, while they are intellectually fascinating, there are no good news stories about bond markets. It’s always “someone’s defaulted”, “someone’s crashing the economy”, or some other such awfulness. Readers would have found it hard to miss the excellent coverage that
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Insurers are bracing for losses of as much as $10bn from wildfires in Los Angeles after blazes ravaged some of the most exclusive neighbourhoods in California, according to early estimates from analysts. Moody’s rating agency
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Insurers are bracing for losses of as much as $10bn from wildfires in Los Angeles after blazes ravaged some of the most exclusive neighbourhoods in California, according to early estimates from analysts. Moody’s rating agency
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Veteran investment manager Terry Smith has dumped his underperforming £22.5bn fund’s stake in Diageo after almost 15 years owing to concerns over the drinks maker’s new management team and the threat to demand posed by
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Let’s recognise this latest political furore over grooming gang scandals for what it is. The sudden sanctimonious concern among politicians of the right for a subset of child rape victims — only those abused by
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Elon Musk has privately discussed with allies how Sir Keir Starmer could be removed as UK prime minister before the next general election, according to people briefed on the matter. Musk, the world’s
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