TikTok’s fate in the U.S. has never been more in doubt after Congress approved a bill that gives its parent company two options: sell it to an approved buyer or see it banned. President Joe Biden signed the legislation into law on Wednesday. But it could take years for the TikTok ban to actually go into effect, since its Chinese-owned ...
A made-in-China electric vehicle will hit U.S. dealers this summer offering power and efficiency similar to the Tesla Model Y, the world’s best-selling EV, but for about $8,000 less. The EX30 from Volvo Cars, the Swedish luxury brand owned by China’s Geely, foreshadows the fierce competitive threat U.S. automakers could face from Chinese EV manufacturers that have surged far ahead ...
Southwest Airlines on Thursday posted a wider loss for the first quarter than the same period last year and warned that Boeing’s airplane delays will hamper its growth into 2025. The airline expects to grow capacity 4% this year, down from a plan to expand 6%. For the second quarter, it forecast growth of 8% to 9% and said revenue would be down ...
Beleaguered seafood chain Red Lobster is seeking a buyer as it looks to avoid filing for bankruptcy, CNBC has learned. The company has considered filing for bankruptcy to help it restructure its debt and get out of a number of costly and lengthy leases, but it’s also sought a buyer in recent months, people familiar with the matter told CNBC. At least ...
The Biden administration is sending out $5.6 million in refund payments to certain Ring home security system customers after the company settled a federal complaint accusing it of security lapses. In a statement this week, the Federal Trade Commission said it would be sending out 117,044 payments via PayPal to affected customers as compensation for claims that Ring allowed employees and ...
In addition to a cease-fire in Gaza, protesters on college campuses across the country are calling on their schools to divest from all financial support of Israel. Divestment usually refers to selling shares in companies doing business with a given country. Divestment has long been a goal of a movement that seeks to limit what it considers hostile operations by ...
The Biden administration on Thursday finalized a highly anticipated suite of rules to cut hazardous, planet-warming pollution generated by power plants in one of its most significant environment and climate actions to-date. The Environmental Protection Agency’s new rules will compel coal and new natural gas power plants to either cut or capture 90% of their climate pollution by 2032. The rules are ...
A dramatic operation to save the lives of more than 100 pilot whales ended in partial success on Thursday after wildlife officials managed to return most of the stranded animals to sea. Rescue teams rushed to the beach located in the coastal town of Dunsborough, south of Perth, to tend to the whales. It was an “overwhelming sight,” said Ian Wiese, ...
Two Household Cavalry horses which broke free and ran through the streets of London on Wednesday are in a “serious condition,” a British government minister has said. Six soldiers and seven horses were taking part in an exercise on Wednesday morning when the animals became spooked after some concrete fell off a conveyor belt being used in nearby construction work ...
As the US prepares to transfer significant military aid to Ukraine following the Senate passing funding legislation worth $61 billion, reports from eastern Ukraine continue to highlight Kyiv’s sliding fortunes on the battlefield. The village of Ocheretyne remains a clear focus for Russian forces, with DeepState – a Ukrainian monitoring group – showing almost daily Russian advances westward along a ...