The major US banks, JPMorgan Chase and Wells Fargo made less profit than a year ago last quarter. While the banks are taking advantage of US Federal Reserve rate hikes to contain inflation, they also need to set aside more money for loans that may never be repaid. This is […]
US
Stock markets in New York fell sharply on Tuesday after the recent strong price recovery. A disappointing inflation figure weighed down the mood among investors on Wall Street. Consumer prices in the United States rose 8.3 percent in August. However, economists had expected a sharper cooling in inflation to 8.1 […]
A new US law targeting forced labor in China’s Xinjiang region is having a major impact on trade flows between China and the United States. For example, Chinese solar panels and other equipment to generate solar energy have been piling up on the US border since the law was passed. […]
Former US President Donald Trump will answer questions from Attorney General Letitia James under oath about alleged fraud by The Trump Organization on Wednesday. She wants to know whether the company has misquoted the value of the real estate for, among other things, tax breaks and higher loans. In […]
Tesla was almost 5 percent higher on the stock exchanges in New York on Thursday. Investors processed the quarterly figures of the electric car manufacturer, which turned out somewhat better than expected. Tesla saw profits more than double in the second quarter compared to a year ago but made […]
The Hoover Dam, a hydroelectric power station near Las Vegas, is in danger of being shut down soon. Due to years of drought in the western United States, the volume of the water reservoir has been greatly reduced. The plant is to provide electricity to hundreds of thousands of […]
Talks are said to be underway between one of the major US defence companies and the Israeli NSO Group to acquire the controversial Pegasus spyware. But that is not possible without the green light from both governments. L3Harris is one of the largest defence specialists and supplies military equipment, […]
Tesla was 1.7 percent higher on the New York stock exchange on Thursday. Analysts at the Swiss bank UBS have become more positive about the electric car manufacturer. They think the share price may still rise more than 50 percent and increased their investment advice to buy. The indicators […]
The controversial facial recognition software Clearview AI may no longer be offered in the US. However, there remains a loophole for the most important customer: the US itself. Clearview AI is a facial recognition company that uses a database of billions of photos. Only those photos are not legally […]
US President Joe Biden has exercised his powers for the first time in his term to pardon convicts and shorten prison terms. The White House announced Tuesday that Biden has pardoned three people and reduced the prison terms of 75 others. According to the White House, the three people […]
