Economy
- by: Katabella Roberts
- Source:
The Epoch Times
- 02/01/2024
EBay Reaches $59 Million Settlement Over Pill Presses Sold Online Amid Opioid Epidemic
E-commerce giant eBay has agreed to pay $59 million to resolve allegations that the company violated the Controlled Substances Act (CSA) in connection with thousands of pill press machines that were sold on the platform, the Department of Justice announced on Jan. 31. The San Jose, California-headquartered company also agreed to enhance its compliance program […]
- by: Katabella Roberts
- Source:
The Epoch Times
- 02/01/2024
Meta CEO Zuckerberg Apologizes to Parents at Intense Senate Hearing
Parents told lawmakers that their children had been exploited, bullied, or molested online while using one of Mr. Zuckerberg’s many platforms.
- by: Caden Pearson
- Source:
The Epoch Times
- 01/30/2024
Musk’s Neuralink Implants First Brain Chip in Human
‘Initial results show promising neuron spike detection,’ he said.
- by: The Associated Press
- Source:
The Epoch Times
- 01/30/2024
Amazon’s Bid to Buy Roomba Maker iRobot Is Called Off Amid Pushback in Europe
LONDON—Amazon called off its purchase of robot vacuum maker iRobot on Monday, blaming “undue and disproportionate regulatory hurdles” after the European Union signaled its objection to the deal. The companies said in joint statement that they were disappointed but mutually agreed to terminate the acquisition. The deal faced antitrust scrutiny on both sides of the […]
- by: Stephen Katte
- Source:
The Epoch Times
- 01/22/2024
Georgia’s Kemp Says More Renewable Energy Needed to Fuel EV Manufacturing in the State
Gov. Brian Kemp says his state has taken significant steps toward decreasing its use of coal, natural gas, and oil to generate electricity.
- by: Katabella Roberts
- Source:
The Epoch Times
- 01/11/2024
Google Laying Off Hundreds of Employees Globally
Alphabet Inc.’s Google is conducting “organizational changes” and laying off hundreds of employees working across various sectors of its business as part of the tech giant’s efforts to slash costs. Google confirmed the global job cuts in a statement to multiple media outlets. “Throughout the second half of 2023, a number of our teams made […]
- by: Isabella Rayner
- Source:
The Epoch Times
- 01/10/2024
McDonald’s Cashless Move Sparks Calls for Boycott
Customers are now calling for a boycott in response to the fast-food giant’s cashless policy, demanding a reconsideration of the controversial move.
- by: Andrew Moran
- Source:
The Epoch Times
- 01/10/2024
World Bank Warns of ‘Decade of Wasted Opportunity’ for Post-Pandemic Global Economy
Global economy poised for slowest growth in 30 years.
- by: Reuters
- Source:
The Epoch Times
- 01/08/2024
Oil Slides as Saudi Price Cuts Counter Middle East Worries
LONDON—Oil prices fell by more than 2 percent on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting supply concerns generated by escalating geopolitical tension in the Middle East. Brent crude slid 2.2 percent, or $1.74, to $77.02 a barrel by 1024 GMT while U.S. West Texas […]
- by: The Associated Press
- Source:
The Epoch Times
- 01/05/2024
Tesla Recalls Over 1.6 Million EVs Exported to China to Fix Automatic Steering, Door Latch Glitches
BEIJING—Tesla is recalling more than 1.6 million Model S, X, 3 and Y electric vehicles exported to China for problems with their automatic assisted steering and door latch controls. China’s State Administration for Market Regulation announced the recall on Friday. It said Tesla Motors in Beijing and Shanghai would use remote upgrades to fix the […]
- by: Aldgra Fredly
- Source:
The Epoch Times
- 01/02/2024
Social Media Companies Made $11 Billion From Ads Served to Minors in US: Harvard Study
About $2 billion in ad revenue derived from users under the age of 12, according to the recent study.
- by: Naveen Athrappully
- Source:
The Epoch Times
- 01/02/2024
Mortgage Rates Decline for 9th Straight Week as 2023 Registers Home Affordability Crisis
Mortgage rates are expected to remain elevated in a range of around 6 to 7 percent in 2024.
- by: Reuters
- Source:
The Epoch Times
- 12/29/2023
Oil Prices Set to End Year 10 Percent Lower as Demand Concerns Snap Winning Streak
LONDON—Oil prices are set to end 2023 about 10 percent lower after two years of gains as geopolitical concerns, production cuts, and central bank measures to rein in inflation triggered wild fluctuations in prices. On Friday, oil climbed after falling 3 percent the previous day as more shipping firms prepared to transit the Red Sea […]
- by: The Associated Press
- Source:
The Epoch Times
- 12/27/2023
Toyota Small Car Maker Daihatsu Shuts Down Japan Factories During Probe of Bogus Safety Tests
TOKYO—Daihatsu, a unit of Japanese automaker Toyota Motor Corp., has shut down production lines at all its four factories in Japan while transport ministry officials investigate improper tests for safety certifications. The shutdown as of Tuesday comes a week after Daihatsu Motor Co. announced it was suspending all vehicle shipments in and outside Japan after […]
- by: Andrew Moran
- Source:
The Epoch Times
- 12/27/2023
US Home Prices Again Rise As Tight Supply, Mortgage Rates Evaporate Affordability
Home prices rose in October as lackluster housing supply continues to prop up the U.S. real estate market despite higher mortgage rates.
- by: Alfred Bui
- Source:
The Epoch Times
- 12/19/2023
Google Strikes Solar Farm Deal to Accelerate Net Zero Transition in Australia
The 25-megawatt solar farm will be constructed in Riverina by Swedish energy company OX2.