United States
Trump search warrant cites statutes that carry possible multiyear prison sentences
The FBI’s search warrant targeting former President Donald Trump’s private club listed three statutes that were used to justify the seizure of boxes and documents from the property, some of them marked as top secret. Under a heading that reads “Property to be seized,” the warrant refers to: “All physical documents and records constituting evidence, […]
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Dutch detain suspected developer of crypto mixer Tornado Cash
The Tornado Cash website displayed on a laptop and smartphone screen arranged in London, on Tuesday, March 15, 2022. Luke MacGregor | Bloomberg | Getty Images Dutch authorities on Friday said they had arrested a 29-year-old man believed to be a developer for the crypto mixing service Tornado Cash, which the United States put on […]
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Gas prices are falling — Here’s why it’s happening and whether it can continue
A customer pumps gas at an Exxon gas station on July 29, 2022 in Houston, Texas. Brandon Bell | Getty Images Gas prices are below $4 for the first time since March, but the market remains precarious and experts said it’s too early to know if the move lower will hold. The national average for […]
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U.S. murder rates were still up in 2021 but recent data suggests that trend could be reversing
There were 6% more murders nationally in 2021 than in 2020. That’s a troubling statistic, but modest when compared to the prior year, when the U.S. murder rate climbed nearly 30%, a year-over-year record. That big increase “was a complex combination of factors related to or potentially exacerbated by the pandemic but not inherently the […]
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Beijing’s new trade restrictions on Taiwan after Pelosi’s visit are a drop in the ocean
Beijing’s new trade blocks against Taiwan affect about 0.04% of their two-way trade, making them more political than economic. Beijing took action against Taiwan following U.S. House Speaker Nancy Pelosi’s visit to the island earlier this month despite warnings from Beijing. That included suspensions of imports of Taiwanese citrus, frozen fish, sweets and biscuits and […]
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How the EV tax credits in Democrats’ climate bill could hurt electric vehicle sales
Tesla cars charge next to a traditional Texaco gas station on July 17, 2022 in Nephi, Utah. With more electric cars on the road, lack of charging infrastructure is becoming more of a problem for EV owners. George Frey | Getty Images Proposed tax credits of up to $7,500 for electric vehicles under the Inflation […]
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How Detroit moved on from its legendary bankruptcy
A new wave of development is rippling through downtown Detroit. “Walking around Detroit in 2008 or 2009 is not the same as walking around in 2022,” said Ramy Habib, a local entrepreneur. “It is absolutely magnificent what happened throughout those 15 years.” Between 2010 and 2019, just 708 new housing structures went up in the […]
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Stocks making the biggest moves premarket: Wendy’s, Coinbase, Buzzfeed and more
Check out the companies making headlines before the bell: Wendy’s (WEN) – Wendy’s shares fell 1% in premarket trading following a mixed quarter, which saw the restaurant chain report better-than-expected earnings while revenue fell short of Street forecasts. U.S. same-restaurant sales rose 2.3%, less than analysts had estimated, as consumers spent more cautiously. Coinbase (COIN) […]
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Micron to invest $40 billion in U.S. chip manufacturing
Sanjay Mehrota, CEO, Micron Scott Mlyn | CNBC Micron announced Tuesday it will invest $40 billion between now and 2030 to manufacture chips in the U.S. The investment is supported by grants and credits from the CHIPS and Science Act, which President Joe Biden will sign on Tuesday. Micron said it will create up to […]
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Biden to sign China competition bill to boost U.S. chipmakers
From left, Reps. Jan Schakowsky, D-Ill., Lizzie Fletcher, D-Texas, Speaker of the House Nancy Pelosi, D-Calif., Lisa Blunt Rochester, D-Del., and Eddie Bernice Johnson, D-Texas, are seen after a bill enrollment ceremony for the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act of 2022, on the West Front of the U.S. Capitol on […]
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