Month: July 2022
TikTok tells U.S. lawmakers it’s working to protect user data from Chinese employees
A leader of the U.S. Federal Communications Commission said he has asked Apple and Google to remove TikTok from their app stores over data security concerns. Pictured here is the TikTok download page on an Apple iPhone on August 7, 2020. Drew Angerer | Getty Images News | Getty Images TikTok, a unit of China’s […]
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Activist investor group asks SEC to investigate Tesla over plan to shrink board
Elon Musk, here seen at an event in New York in early-May, is being aggressively wooed to set up facilities to produce his electric vehicles “end-to end” in resource-rich Indonesia. Taylor Hill | Getty Images Entertainment | Getty Images Activist investors SOC Investment Group have asked federal financial regulators to investigate Tesla over plans to […]
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Russian and Chinese designs dominate nuclear reactors, warns IEA chief
A visitor (R) learns about huaneng’s high-temperature gas-cooled reactor model at the China International Nuclear Power Industry and Equipment Exhibition 2021 in Yantai, Shandong Province, China, Oct. 19, 2021. Future Publishing | Future Publishing | Getty Images Nuclear power could be a dominant player in the next-generation clean energy landscape, but that will require concerted […]
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Atlanta Fed GDP tracker shows the U.S. economy is likely in a recession
Federal Reserve Chair Jerome Powell reacts as he testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on the “Semiannual Monetary Policy Report to the Congress”, on Capitol Hill in Washington, D.C., U.S., June 22, 2022. Elizabeth Frantz | Reuters A Federal Reserve tracker of economic growth is pointing to an increased chance […]
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Broadcom, Chevron among Wall Street’s favorite dividend stocks heading into likely treacherous second half
As dividend stocks gained in popularity this year, CNBC Pro sought names that could continue to offer investors relative safety and higher yields in the back half of 2022. Investors have pivoted deeper into dividend payers, as greater uncertainty and rising interest rates unnerved market participants and spurred a rotation out of growth names. On […]
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The Supreme Court’s EPA ruling is a big setback for fighting climate change, but not a death knell
Steam rises from the cooling towers of the coal-fired power plant at Duke Energy’s Crystal River Energy Complex in Crystal River, Florida, U.S., March 26, 2021. Dane Rhys | Reuters On Thursday, the Supreme Court changed the rules of the game in the race to limit global warming by constricting the Environmental Protection Agency’s authority […]
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WHO says monkeypox cases triple in Europe in two weeks, urgent action needed to contain spread
The World Health Organization on Friday warned that urgent action is needed to contain the spread of monkeypox in Europe, as cases have tripled over the past two weeks. Europe is the center of a global outbreak of the virus with 90% of confirmed monkeypox cases reported there, according to the WHO. New infections have […]
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Biden to meet with 10 Democratic governors to discuss abortion access
Abortion rights demonstrators march to the houses of US Supreme Court Justice Brett Kavanaugh and Chief Justice John Roberts in Chevy Chase, Maryland, on June 29, 2022. Stefani Reynolds | AFP | Getty Images WASHINGTON — President Joe Biden is meeting with several Democratic governors Friday afternoon to discuss what the administration and states can […]
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Stocks making the biggest moves midday: Micron, Kohl’s, Meta Platforms and more
Check out the companies making headlines in midday trading. Micron Technology – Shares of the chipmaker fell about 6% after the company issued disappointing fiscal fourth-quarter guidance and said weakening consumer demand will hurt smartphone sales. The warning pulled down other chip stocks, which were among the top decliners in the S&P 500. Western Digital and On […]
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Omicron-specific Covid vaccines could finally be here this fall—here’s what you need to know
As we dive into summer, public health experts say a booster shot targeted at Covid’s omicron variant can better protect Americans during a possible virus surge in the fall. On Thursday, the U.S. Food and Drug Administration recommended that drugmakers like Pfizer and Moderna move ahead with developing omicron-specific booster shots for the coming fall. […]
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