Birmingham Mass Shooting Leaves 4 Dead, 18 Wounded in …
WEB10 hours ago · A deadly mass shooting late Saturday night in Birmingham, Alabama, has left four people dead and 18 more wounded in one of the city's most popular entertainment districts. The attack, which took place in the bustling Five Points South area near the University of Alabama at Birmingham, has rattled the city as police continue to search for multiple suspects involved in the violence.
Business Times - Business & Financial News, China & International ...
WEBTesla 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.
Prolonged Boeing Strike Could Escalate Losses Amid Tight Labor …
WEB2 days ago · The strike, which started on September 13, has already cost the aerospace giant and its employees a combined $571 million, according to an analysis by Anderson Economic Group (AEG). As the strike continues, Boeing's financial losses are estimated to grow by an additional $100 million per day, leaving the company in a precarious position.
Fed Cuts Interest Rates by Half Point Amid Growing Concerns …
WEB4 days ago · 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 ...
Bank of England Holds Rates at 5%, Signals Cautious Path Amid …
WEB3 days ago · The Bank of England has held interest rates at 5% following its September meeting, maintaining a cautious stance despite global trends towards lower rates. The Monetary Policy Committee (MPC) voted 8-1 in favor of keeping the rate unchanged, with only Swati Dhingra pushing for a quarter-point cut. This decision aligns with expectations from many analysts who anticipated that it would be ...
U.S. Imposes 100% Tariffs on Chinese Electric Vehicles Starting …
WEBSep 13, 2024 · The Biden administration on Friday confirmed substantial tariff increases on a range of Chinese imports, including a 100% duty on electric vehicles (EVs), in a strategic move to bolster domestic industries against China's state-supported production surge. The U.S. Trade Representative (USTR) announced that many of these tariffs will take effect on September 27, marking a significant escalation ...
Walmart Divests $3.74 Billion Stake in JD.com to ... - Business Times
WEBAug 22, 2024 · Walmart has divested its entire stake in Chinese e-commerce giant JD.com, a move signaling the retail behemoth's intensified focus on its own operations in China. The sale, which was revealed in a securities filing on August 20, allows Walmart to refocus its capital and strategic efforts on expanding its presence in the Chinese market, particularly through its Sam's Club warehouse chain.
Fed Rate Cut Could Mark the End of an Economic Era as U.S. Faces ...
WEB6 days ago · The U.S. economy stands at a critical juncture this week as the Federal Reserve prepares to announce a highly anticipated interest rate cut, potentially signaling the end of a significant economic chapter. As financial markets anxiously await the Fed's decision, set to be revealed at 2 p.m. on Wednesday, the move could mark the culmination of the central bank's aggressive campaign to combat ...
TikTok’s Future on the Line: U.S. Court Weighs Nationwide Ban …
WEB6 days ago · TikTok, the wildly popular video-sharing app, found itself at the center of a high-stakes legal battle in Washington, D.C., on Monday, as the company argued against a looming nationwide ban that could put it out of business in the United States by January. The hearing before the U.S. Court of ...
Maine Mass Shooting Report Unveils Army and Police Failures: …
WEBAug 21, 2024 · In a damning report released nearly ten months after a tragic mass shooting in Lewiston, Maine, an independent commission revealed significant failures by both the U.S. Army Reserve and local law enforcement that …