The US automobile industry faces some of the highest supply-chain risks, due to geopolitical factors and sourcing of electronic components like semiconductors, according to a new sourcing risk index from economists at the Federal Reserve.
Taiwan’s top envoy to the US said Taiwanese semiconductor firms are holding back from more investments in America because of “unreasonable and unfair” double taxation, and urged Congress to pass a deal to address the problem as soon as possible.
Rishi Sunak says he’s hungry for victory in the next UK general election. But he’s not whetting the appetite of his restless Conservatives.
Marc Tessier-Lavigne, who resigned as president of Stanford University after questions arose about in his scientific research, is also leaving the board of Regeneron Pharmaceuticals Inc.
Turkey’s credit rating outlook was raised by Fitch Ratings after the appointment of a new economy team that’s started to adopt more conventional policies and restore the country’s foreign reserve buffers.
FTX Group advisers have scrutinized whether they can claw back millions of dollars paid to Shaquille O’Neal, tennis star Naomi Osaka and other professional athletes and teams that promoted Sam Bankman-Fried’s crypto platform before its collapse.
Nikola Corp. says one of its battery-electric big rigs experienced a “thermal incident” Friday during a test on the cause of recent fires that prompted a recall.
China is warning of “consequences” for Prime Minister Justin Trudeau’s government unless it stops spreading “lies and false information” about alleged interference in Canadian affairs.
A historic cattle ranch in California’s Solano County has been a target of a secretive billionaire-backed group that’s been buying up large swaths of land to create a new city northeast of San Francisco.
A seemingly unstoppable rally drove the dollar to a record streak of weekly gains, with traders betting the Federal Reserve will keep interest rates higher for longer as the US defies a global economic gloom.
