Economy
- by: Reuters
- Source:
The Epoch Times
- 12/15/2023
Oil Prices on Track for First Weekly Rise in 2 Months
LONDON—Oil prices rose on Friday, on track to notch their first weekly rise in two months after benefiting from a bullish forecast from the International Energy Agency (IEA) on oil demand for next year and a weaker dollar. Brent futures rose 21 cents to $76.82 a barrel at 0918 GMT. U.S. West Texas Intermediate (WTI) […]
- by: Caden Pearson
- Source:
The Epoch Times
- 12/15/2023
Drug Companies to Face Inflation Penalties for ‘Jacked Up’ Prices, Says Biden
48 drugs will be subject to penalties come January
- by: Reuters
- Source:
The Epoch Times
- 12/14/2023
Amazon Wins $270 Million Tax Fight in Blow to EU’s Vestager
BRUSSELS—Amazon does not have to pay 250 million euros ($273 million) in back taxes to Luxembourg, Europe’s top court ruled on Thursday, marking a defeat for EU antitrust chief Margrethe Vestager’s crackdown on sweetheart tax deals for multinationals. “The Court of Justice confirms that the (European) Commission has not established that the tax ruling given […]
- by: Katabella Roberts
- Source:
The Epoch Times
- 12/13/2023
Apple Releases New Stolen Device Protection Feature to Combat iPhone Theft
Apple has released a new update to its iPhone operating system aimed at protecting users from password theft if devices are stolen. The new “Stolen Device Protection” feature was released in the beta version of iOS 17.3 on Dec. 12, meaning it is available for developers to download. The opt-in feature effectively adds a second […]
- by: Lynn Xu, Shawn Lin
- Source:
The Epoch Times
- 12/08/2023
US Aims to Cut China Out of Electric Vehicle Supply Chain
The U.S. government is paving a way forward to exclude communist China from the U.S. electric vehicle (EV) supply chain. According to the proposed guidance on clean energy vehicle provisions of the Inflation Reduction Act, released on Dec. 1 by the U.S. Department of the Treasury and Internal Revenue Service...
- by: Reuters
- Source:
The Epoch Times
- 12/05/2023
Oil Prices Rise on Uncertainty Over OPEC+ Cuts and Middle East Tensions
LONDON—Oil prices jumped by nearly 1 percent on Tuesday, lifted by uncertainty over voluntary output cuts by the OPEC+ group of producers, tensions in the Middle East, and some encouraging economic signals in Europe. Brent crude futures rose 63 cents, or 0.8 percent, to $78.66 a barrel by 0946 GMT. U.S. West Texas Intermediate crude […]
- by: Tom Ozimek
- Source:
The Epoch Times
- 11/30/2023
IRS Warns Taxpayers That Hiring of Tax Enforcers Will ‘Ramp Up’ Soon
Internal Revenue Service is looking to tap into billions of extra federal funding to rebuild its capacities, including the expansion of “enforcement work”.
- by: The Associated Press
- Source:
The Epoch Times
- 11/28/2023
Google Will Start Deleting ‘Inactive’ Accounts in December—Here’s What You Need to Know
NEW YORK—Have a Google account you haven’t used in a while? If you want to keep it from disappearing, you should sign in before the end of the week. Under Google’s updated inactive-account policy, which the tech giant announced back in May, accounts that haven’t been used in at least two years could be deleted.
- by: Jan Jekielek, Samantha Flom
- Source:
The Epoch Times
- 11/28/2023
‘Dirty Jobs’ Host Mike Rowe: It’s Time to Rethink Society’s Definition of a ‘Good Job’
The “Dirty Jobs” host says society must rethink its perceptions of higher education and skilled trades to address the current labor shortage.
- by: Naveen Athrappully
- Source:
The Epoch Times
- 11/27/2023
Police Warn Parents About iPhone’s New ‘NameDrop’ Feature
The feature, which can be exploited by predators, comes turned on by default, but can be disabled.
- by: Reuters
- Source:
The Epoch Times
- 11/27/2023
US Dollar Listless as Markets Brace for Post-Thanksgiving Buzz
LONDON—The U.S. dollar began the last week of November on the back foot and was on track for its biggest monthly drop in a year as traders eyed fresh economic cues in the week ahead to determine the future path of policy rates. A postponed OPEC+ meeting, the release of the Federal Reserve’s tracked measure […]
- by: Robert Backer
- Source:
The Epoch Times
- 11/24/2023
Elon Musk’s Brain Implant Coming: What Are the Risks?
Elon Musk’s brain implant promises to be available to the average person and eliminate a host of ailments. Learn what’s involved.
- by: Reuters
- Source:
The Epoch Times
- 11/24/2023
Dollar Eases in Thin Black Friday Trading on Bets Rates Have Peaked
LONDON/SINGAPORE—The dollar slipped on Friday as investors bet U.S. interest rates have peaked, while the yen edged higher after Japan’s core consumer price growth picked up, reinforcing views that the Bank of Japan (BOJ) may soon roll back monetary stimulus. With U.S. markets closed on Thursday for the Thanksgiving holiday and due for a shorter […]
- by: Reuters
- Source:
The Epoch Times
- 11/23/2023
US Mortgage Interest Rates Fall to 2-Month Low
The average interest rate on the most popular U.S. home loan fell last week to its lowest level in two months as Treasury market yields, which act as a benchmark for mortgage rates, continued to move lower on the back of cooling inflation and a softening economy. The average contract rate on a 30-year fixed-rate […]
- by: Reuters
- Source:
The Epoch Times
- 11/23/2023
Euro Bounces as Investors Cling to Sliver of Positive Eurozone Data
LONDON—The euro rose on Thursday for the first time this week, after data suggested the downturn in the eurozone economy may be starting to ease, although holidays in the United States and Japan kept trading activity muted. With markets shut in Japan and the United States for Thanksgiving holidays, currencies traded with some volatility, as […]
- by: Reuters
- Source:
The Epoch Times
- 11/22/2023
Dollar Edges Up From 2–1/2 Month Low After Fed Minutes
LONDON—The dollar rebounded from a 2–1/2 month low on Wednesday as the minutes from the Federal Reserve’s last meeting hinted that interest rates would likely remain restrictive for some time, even as the rate-hike cycle appeared to be over. The Fed minutes showed the central bank would proceed “carefully” and that “all participants judged it […]