Business Times - Business & Financial News, China & International ...
网页Tesla Reportedly Opts Out of Performance-Based Stock Incentives for Employees Amid Cost-Cutting Measures. Business Times is a digital global news publication that provides comprehensive coverage and analysis of the most important business, economic, financial, political and technological issues from China and around the world.
China Reaffirms Growth Goals but Holds Back on Major Stimulus …
网页1 天前 · China reaffirmed its confidence in meeting its economic growth targets this year but stopped short of introducing the large-scale fiscal stimulus that many investors had anticipated. The announcement, made by the National Development and Reform Commission (NDRC) on Tuesday, comes as the world's second-largest economy faces mounting pressures from a property market slump, weak consumer spending ...
Google Faces Potential Breakup as DOJ Seeks to Curb Search …
网页23 小时之前 · Google's net profit ballooned to 162% to hit nearly $18 billion in the three months to March. The U.S. Department of Justice (DOJ) is poised to propose a set of sweeping remedies to curb Google's dominance in the online search market. The DOJ's recommendations come in the wake of a landmark court ruling …
Hurricane Milton Spurs Calls for New Category 6 as Storm Surge ...
网页1 天前 · As Hurricane Milton barrels toward Florida's Gulf Coast, its extraordinary intensity has sparked calls among meteorologists for the introduction of a new Category 6 designation on the Saffir-Simpson Hurricane Wind Scale. Milton, which intensified rapidly in the southern Gulf of Mexico, is threatening unprecedented storm surge levels in the Tampa Bay area, raising alarms across the region and ...
Supreme Court Leans Toward Upholding Biden's Ghost Gun …
网页22 小时之前 · The U.S. Supreme Court appears poised to uphold the Biden administration's regulation of ghost gun kits, signaling a significant victory for proponents of tighter firearm controls. During oral arguments, both liberal and some conservative justices expressed skepticism about arguments against the restrictions, indicating that the government's ...
TikTok Faces Legal Blitz from 13 States, Accused of Harming …
网页1 天前 · TikTok is under intense legal scrutiny as 13 U.S. states and the District of Columbia filed lawsuits against the social media giant, accusing it of harming children and teens through addictive content and failing to protect its young users adequately. The series of lawsuits, filed on Tuesday, alleges that TikTok's design and algorithms intentionally exploit young people, promoting prolonged ...
FTX Set to Repay Billions to Creditors After Bankruptcy Plan Approval
网页1 天前 · FTX has secured approval for its bankruptcy reorganization plan, positioning itself to repay billions of dollars to its creditors, potentially turning the once-disastrous collapse of the crypto exchange into a significant financial recovery. On Monday, Delaware bankruptcy Judge John Dorsey approved the plan, allowing the company to distribute between $14.7 billion and $16.5 billion in assets ...
US Labor Market Holds Steady, But Strikes and Storm Loom as …
网页6 天之前 · Nonfarm payrolls are expected to increase by 140,000 in September, according to a survey by Reuters. This is slightly below August's gain of 142,000, as the labor market continues to cool in response to the Fed's earlier rate hikes. The unemployment rate is projected to hold steady at 4.2%, up from 3.4% in April, in part due to a surge in ...
Massive Ship Backlog Grows as U.S. Dockworkers Strike Threatens …
网页6 天之前 · The longest dockworker strike in nearly 50 years has entered its third day, triggering a rapidly growing backlog of ships and raising concerns about potential shortages of goods ranging from bananas to auto parts. The International Longshoremen's Association (ILA) launched a historic strike on Tuesday after labor talks broke down with the United States Maritime Alliance (USMX), leaving 45,000 ...
Fed Cuts Interest Rates by Half Point Amid Growing Concerns …
网页2024年9月19日 · On Wednesday, the central bank slashed the federal funds rate by 50 basis points, bringing it to a range of 4.75% to 5%. This aggressive move marks the beginning of what could be a series of rate cuts aimed at stabilizing the economy amid growing concerns about slowing job growth and softening inflation. The rate cut, which impacts short-term ...