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News

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India Moves To Create Its Own Gigafactory

Jul 28, 2019 at 12:00

India may be planning its own EV battery gigafactory, LiveMint reports, citing an unnamed government official. According to the report, the facility would cost US$4 billion to build

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Mnuchin Turns On Amazon As Retail Sector Continues To Slide

Jul 27, 2019 at 18:00

The retail sector is circling the drain, and according to Treasury Secretary Steven Mnuchin, Amazon may be to blame

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Buying U.S. Residency Just Got A Lot More Expensive

Jul 26, 2019 at 18:00

New rules issued by the US Department of Homeland Security raised the minimum cost of investing for a visa from $500,000 to $900,000

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Disgraced Equifax CEO Snags $20 Million Payday

Jul 24, 2019 at 18:00

Two years after Equifax’s data breach, the U.S. government finally levied a $700 billion fine on the credit reporting agency, and now its CEO is set to receive a big…

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Money Managers Jump Back Into Oil Markets

Jul 24, 2019 at 12:00

Tensions in the Middle East and a possible Fed interest rate cut have prompted money managers to add long positions to their portfolios

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New Allegations Against Huawei Raise Tensions In Tech Cold War

Jul 23, 2019 at 18:00

The tech cold war is heating up between the U.S. and China, with new allegations that Huawei is building infrastructure in North Korea

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Chinese Investments In the U.S. Plunge 90% Under Trump

Jul 23, 2019 at 15:00

According to data by the Rhodium Group, Chinese FDI in the U.S. has fallen from a peak of $46.5 billion in 2016 to just $5.4 billion last year, sharply reversing…

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Widespread Power Outages Hit New York City

Jul 22, 2019 at 15:00

Some 30,000 Con Ed customers in New York City were left without power temporarily yesterday as the utility fought a string of outages caused by the heat wave that struck…

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Equifax To Pay $700 Million To Settle Data Breach Case

Jul 22, 2019 at 12:00

It's been two years since Equifax got caught up in the headlines over its major data breach, and now it's time to pay the piper

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Netflix Struggles To Rebound After Subscriber Hit

Jul 22, 2019 at 10:00

Netflix has been falling consistently since its second-quarter results were posted, with slowing growth spooking investors