WASHINGTON, March 4 (Reuters) – A trade group representing nearly all major automakers warned on Tuesday that new 25% tariffs on imports from Canada and Mexico imposed by […]
Banks
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CFPB Drops Lawsuit Against Banks Over Zelle Scams
The Consumer Financial Protection Bureau (CFPB) has withdrawn a significant lawsuit against three major U.S. banks concerning alleged inadequate safeguards on the Zelle money transfer network. Filed during […]
Economy
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Hong Kong firm to sell Panama Canal stake to BlackRock-backed group amid Trump pressure
In a significant development, a Hong Kong-based firm has agreed to sell its stake in the Panama Canal to a consortium backed by BlackRock. This $22.8 billion deal, […]
Banks
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Goldman Sachs to Cut 3% to 5% of Workforce in Annual Layoffs
Goldman Sachs, under the leadership of CEO David Solomon, is set to lay off between 3% and 5% of its global workforce. This decision, which affects over 1,395 […]
Economy
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China sets annual economic growth target of 5%
China has announced its annual economic growth target, setting it at 5%. This decision reflects the country’s ongoing efforts to maintain stable and sustainable economic development. The target […]
Technology
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Unpacking TSMC’s $100 Billion Investment in the United States
Taiwan Semiconductor Manufacturing Company (TSMC) has announced a $100 billion investment to expand its semiconductor operations in Arizona, marking the largest single foreign direct investment in U.S. history. […]
Economy
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Economic And Market Data Signal A Recession Is Coming
Recent economic indicators suggest a potential recession is looming, driven by President Donald Trump’s tariffs on Canada, China, and Mexico, alongside retaliatory measures. The Federal Reserve Bank of […]
Technology
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Uber teams up with Waymo to start selling driverless rides in Austin, Texas
Uber is launching self-driving car rides in Austin, Texas, through a partnership with Waymo, a leader in autonomous vehicle technology. This collaboration, announced last September, marks Uber’s first […]
Economy
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Hong Kong billionaire to sell Panama Canal ports to US firm
A Hong Kong-based company has agreed to sell most of its stake in two key ports on the Panama Canal to a group led by US investment firm […]
Economy
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Automakers tap COVID playbook to cope with Trump tariffs
Automakers are utilizing strategies from the COVID-19 pandemic to manage the impact of Trump’s tariffs. These tariffs threaten to increase vehicle prices and cause production stoppages. Stellantis and […]