Gautam Adani has had a very good year. The Indian billionaire briefly surpassed Amazon founder Jeff Bezos to become the second-richest person in the world in September, according to Bloomberg. He̵...
Tag: Politics
Exxon CEO Warns Biden Administration Against Limiting Fuel Exports
Exxon Mobil is pushing back against reductions of U.S. fuel exports urged by the Biden administration in August, arguing that restricting shipments would further squeeze global supplies and lift pump ...
Biden To Oil Industry: “I Don’t Understand Economics”
American comic, film actor and activist, Irwin Corey, performs on stage at Lulu White’s jazz club, … [+] Boston, USA, 29th August 1978. (Photo by Barbara Alper/Getty Images) Getty Images I...
U.S., South Korea working to rectify problems on EV subsidies: Korea minister
South Korean and U.S. officials are working toward a “concrete proposal” to resolve their differences over electric vehicle subsidies, South Korea’s trade minister told CNBC. “...
Erdogan says Turkey will keep cutting interest rates, mocks British pound
Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at the parliament in Ankara, Turkey May 18, 2022. Murat Cetinmuhurdar/Presidential Press Office/Handout...
Supreme Court to allow public at hearings, first time since Covid
A crosswalk signal is seen outside the U.S. Supreme Court building in Washington, U.S., June 27, 2022. Elizabeth Frantz | Reuters The Supreme Court starting Monday will allow members of the public to ...
A single dose of monkeypox vaccine provides some protection against infection, CDC says
Los Angeles, CA – August 10: Luis Garcia, a registered nurse, prepares Monkeypox virus vaccine at St.John’s Well Child & Family Center on Wednesday, Aug. 10, 2022 in Los Angeles, CA. I...
Trump Might Be Shielded From Defamation Suit, Appeals Court Rules
A federal appeals court said a law shielding U.S. government employees from tort claims could potentially protect former President Donald Trump from a defamation lawsuit brought by a New York writer. ...
Covid vaccination tied to increase in length of menstrual cycle: NIH
A healthcare worker administers a dose of the Pfizer-BioNTech Covid-19 vaccine at a vaccination clinic in the Peabody Institute Library in Peabody, Massachusetts, U.S., on Wednesday, Jan. 26, 2022. Va...
Defamation lawsuit against Fox News, Lou Dobbs can proceed to trial
NEW YORK — A defamation lawsuit against Fox Corp. FOX, +1.58%, Fox News Network and Lou Dobbs can proceed toward trial, a judge ruled Monday after concluding that a Venezuelan businessman had made suf...
Netflix is losing the streaming war amid Disney+’s rapid growth
Over the past 25 years, Netflix has changed the film and television landscape. The company has amassed nearly 221 million subscribers across 190 countries, billions of hours watched for popular series...
Ray Dalio says UK’s economic plan suggests incompetence
Ray Dalio, founder of Bridgewater Associates LP, speaks during a panel session on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, May 25, 2022. Bloomberg | Bloomberg |...
The U.K. Economy Is Having a Meltdown. Why It’s Going to Get Worse.
The recent sharp drop in the British pound and in U.K. government bonds means traders are at panic stations, with repercussions being felt across the globe. The spectacular drops in the past month wer...
Lawsuit Seeks to Block Biden’s Student Loan Relief
An Indiana public interest lawyer filed a lawsuit against the Education Department to block the Biden administration’s plan to cancel billions of dollars of federal student debt, saying it would force...
U.K. could trigger a global crisis as pound collapses while bond yields soar, Larry Summers says
““A currency crisis in a reserve currency could well have global consequences. I am surprised that we have heard nothing from the IMF.”” — Larry Summers, former U.S. Treasury secretary Former U.S. Tre...
Texas AG Paxton fled home with his wife to avoid subpoena in abortion case
Texas Attorney General Ken Paxton fled his home to avoid being served a subpoena Monday in a federal lawsuit filed by groups seeking to help Texans receive out-of-state abortions, court filings show. ...
Biogen to pay $900 million to settle drug kickback allegations
A Biogen facility in Cambridge, Massachusetts. Brian Snyder | Reuters Biogen will pay $900 million to settle a lawsuit that alleged the company gave doctors kickbacks to encourage them prescribe its d...
JetBlue, American Airlines go to court in Justice Department antitrust fight
An American Airlines plane lands on a runway near a parked JetBlue plane at the Fort Lauderdale-Hollywood International Airport on July 16, 2020 in Fort Lauderdale, Florida. Joe Raedle | Getty Images ...
Trump SPAC changes address to UPS Store as investors pull over $130 million
The social media app will be developed by Trump Media and Technology Group (TMTG). Rafael Henrique | LightRocket | Getty Images Digital World Acquisition Corp., the blank-check company looking to take...
Campaigns’ $6.4 billion vote ad spend is one of the most expensive
The 2022 midterm elections are on track to be the most expensive ever as more than $6.4 billion is being poured into TV, radio and digital ads for U.S. House, Senate, gubernatorial and local races, ac...
Biden administration seeks new rules on airline fee disclosures
Travelers at LaGuardia Airport (LGA) in the Queens borough of New York, US, on Friday, July 2, 2022. As travel is ramping up for the July 4th holiday, staffing shortages are causing problems for some ...
Biden administration awards $1.5 billion to fight opioid crisis
US President Joe Biden speaks about the DISCLOSE Act at the Roosevelt Room of the White House in Washington, DC on September 20, 2022. Saul Loeb | AFP | Getty Images The Biden administration announced...
Crypto Bill That Would Have Transformed Industry Vetoed by California’s Newsom
Text size California Gov. Gavin Newsom. Photo by Monica Schipper/Getty Images for Bloomberg Philanthropies California Gov. Gavin Newsom on Friday vetoed a bill that would have brought strong regulatio...
I Don’t Like Your Politics
The contested issues that tie to politics, human rights and religion seem to be motivating consumers … [+] to choose to do business—or not—with certain brands. getty Even if they love the produc...
Trump merger partner Digital World falls to about $16 after hitting $97 in early 2022
The Truth social network logo is seen on a smartphone in front of a display of former U.S. President Donald Trump in this picture illustration taken February 21, 2022. Dado Ruvic | Reuters Shares of D...
New York Suit Against Trump Mixes Routine Business Law, Uncommon Allegations
The New York attorney general’s lawsuit against former President Donald Trump uses a common state business law to make allegations about property valuations, which lawyers say are rarely the focus of ...