Day: July 1, 2022
Biden opens the possibility of more offshore oil drilling in the Gulf of Mexico
An oil and gas drilling platform stands offshore as waves churned from Tropical Storm Karen come ashore in Dauphin Island, Alabama, October 5, 2013. Steve Nesius | Reuters The Biden administration released a five-year offshore oil and gas drilling development plan on Friday that would block all new drilling in the Atlantic and Pacific Oceans […]
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Google says it will delete location history for visits to abortion clinics after overturning of Roe v. Wade
Sundar Pichai, CEO of Google Anindito Mukherjee | Bloomberg | Getty Images Google said late Friday that it will work to quickly delete location history for people going to abortion sites and other medical sites following the Supreme Court’s overturning of Roe v. Wade last week. “Today, we’re announcing that if our systems identify that […]
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The last remnant of Facebook’s crypto project shuts down September 1
The logo for Diem, formerly known as Libra, is seen is displayed on a smartphone screen with a Facebook logo in the background. Pavlo Gonchar | SOPA Images | LightRocket via Getty Images Meta plans to shutter its Novi digital wallet on Sept. 1, just eleven months after the company formerly known as Facebook debuted […]
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Trump media company subpoenaed in federal criminal probe of SPAC deal
Former U.S. President Donald Trump gives the keynote address at the Faith & Freedom Coalition during their annual “Road To Majority Policy Conference” at the Gaylord Opryland Resort & Convention Center June 17, 2022 in Nashville, Tennessee. Seth Herald | Getty Images Donald Trump’s media company was subpoenaed by a federal grand jury in connection […]
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Walmart is working on a response to the Supreme Court’s abortion decision, CEO says in memo
Walmart CEO Doug McMillon speaks at the CNBC Evolve conference November 19th in Los Angeles. Jesse Grant | CNBC Walmart CEO Doug McMillon told employees on Friday that the company is weighing how to respond to a Supreme Court decision that ended the federal right to an abortion. “We are working thoughtfully and diligently to […]
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10-year Treasury yield falls to lowest level since May
U.S. Treasury yields fell Friday as recession fears and disappointing economic data left investors looking for safety. The yield on the benchmark 10-year Treasury note traded lower by 8 basis points at 2.889%, near its lowest level since late May. Meanwhile, the yield on the 30-year Treasury bond slid less than 1 basis point to […]
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Investment banks trumpet fresh ideas in new second-half stock trades
Major investment banks expect the stock market’s volatility to continue in the second half of 2022. A brutal market sell-off saw the S & P 500 suffer its worst first half since 1970 as the Nasdaq Composite plummeted deep into a bear market. Meanwhile, the Federal Reserve kickstarted an aggressive rate hiking cycle to curb […]
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FTX signs a deal giving it the option to buy crypto lender BlockFi
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images FTX has signed a deal giving it the option to buy crypto lending company BlockFi. The agreement gives FTX the ability to buy BlockFi at a maximum price […]
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Major crypto broker Voyager Digital suspends all trading, deposits, and withdrawals
With more than 19,000 virtual currencies in existence, the cryptocurrency industry has likened the current state of the market to the early years of the internet. Industry players said however that most of these coins will collapse. Nurphoto | Getty Images Digital asset brokerage Voyager Digital has paused all customer trading, deposits, withdrawals and loyalty […]
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Self-driving cars from GM’s Cruise block San Francisco intersection in latest problem for autonomous vehicles
A robot car of the General Motors subsidiary Cruise is on a test drive. Andrej Sokolow | picture alliance | Getty Images Automotive and tech executives long promised autonomous vehicles would drive better than humans, but that wasn’t the case for a fleet of Cruise cars in San Francisco this week. The company, a majority-owned […]
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