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White House prepping new export restrictions for semiconductors

The Biden administration is preparing new export controls on semiconductors and the machines to make them, the latest push in its effort to deny China the ability to make the fastest, most cutting-edge circuitry possible, according to people familiar with the situation. 

10:12 p.m. Oct. 3, 2022
Bill targeting Visa and Mastercard is ‘still alive,’ but latest path ‘feels like a desperation move’

A bill that lawmakers say will create more competition in the credit-card business and pressure industry fees "is still unlikely to pass in any form, but it’s still alive," according to an analyst.

4:07 p.m. Oct. 3, 2022
Biden regulators cheer on crypto crackdown

The Biden administration laid out its most comprehensive analysis of the risks posed by cryptocurrency to financial stability in a new report Monday.

3:45 p.m. Oct. 3, 2022
Biden tells hurricane-battered Puerto Rico that he's 'committed to standing with you'

President Joe Biden on Monday expressed his support for the people of Puerto Rico, as he visited the U.S. territory to survey damage from Hurricane Fiona. "I want the people of Puerto Rico to know I'm committed, my entire administration is committed, to standing with you every step of the way, as long as it takes," Biden said, as he concluded a speech.

3:38 p.m. Oct. 3, 2022
Fed’s Williams sees steep decline in inflation ahead

Inflation should slow down to about 3% next year, New York Fed President John Williams said Monday.

3:27 p.m. Oct. 3, 2022
Just 30% of Americans approve of how Biden is handling the No. 1 issue — inflation

Inflation is the No. 1 issue Americans want to see the federal government address, a new poll found.

3:20 p.m. Oct. 3, 2022
Stock markets will drop another 40% as a severe stagflationary debt crisis hits an overleveraged global economy

The debt crisis is here, Nouriel Roubini says. Expect central banks to wimp out in their fight against inflation as financial distress deepens

2:58 p.m. Oct. 3, 2022
‘Republican control of the House is not a foregone conclusion,’ says political analyst

Nate Cohn thinks Republicans are favored to win the House majority, but says a scenario where Democrats retain control is not as far-fetched as you may think.

12:40 p.m. Oct. 3, 2022
SEC fines Kim Kardashian for hawking crypto. Why other celebrities like Matt Damon and Larry David won’t be next

Kim Kardashian agreed to pay $1.26 million to settle charges that she unlawfully promoted EthereumMax tokens on Instagram.

12:09 p.m. Oct. 3, 2022
House Republicans ask GAO to investigate foreign ownership of U.S. farmland

The top Republicans on the House Agriculture and Oversight committees have asked the Government Accountability Office to investigate foreign investment in U.S. farmland, questioning whether Chinese acquisitions in particular could pose a national-security threat.

11:18 a.m. Oct. 3, 2022
‘We don’t need as many employees’: Factories slow as rising interest rates rattle the economy

A key barometer of American factories fell to a 28-month low of 50.9% in September as high inflation and rapidly rising U.S. interest rates began to rattle the economy.

11:16 a.m. Oct. 3, 2022
Hair loss is another symptom of long COVID. Here’s what experts say.

About 20% of people who were hospitalized with COVID-19 have experienced hair loss.

10:58 a.m. Oct. 3, 2022
Supreme Court’s new term starts Monday — watch for crucial rulings on affirmative action, LGBTQ rights, election laws

Outcomes will deeply influence American lives and values.

10:47 a.m. Oct. 3, 2022
Hurricane Harvey flooded a middle-class community near Houston 5 years ago. 1 in 5 struggled to recover

A warning for Hurricane Ian's victims: Even in Friendswood, which seemed well positioned to recover from disaster, residents still fell through the cracks.

10:40 a.m. Oct. 3, 2022
Europe’s red-hot inflation numbers may be ready to cool off, says Morgan Stanley

Europe's efforts to bring down soaring energy prices could help to cool record high inflation, says Morgan Stanley.

10:40 a.m. Oct. 3, 2022
Supreme Court agrees to hear case on tech companies' legal immunity

The Supreme Court on Monday agreed to hear a case in which the family of a U.S. citizen who was killed in an ISIS attack in Paris in 2015 is suing Alphabet's Google business, according to multiple published reports. The case, Gonzalez v. Google, involves the scope of tech companies' immunity under Section 230 of the Communications Decency Act, SCOTUSblog reported.

10:15 a.m. Oct. 3, 2022
Pound rises and bond yields drop after U.K. government scraps plan to cut taxes for wealthiest earners

The move came after financial market turmoil and as the chancellor and prime minister received heavy pushback from members of their own ruling party

9:58 a.m. Oct. 3, 2022
Fed’s Barkin expects inflation to come down a bit in coming months

Richmond Fed President Tom Barkin said Friday he expects inflation to soften but said the process won't be predictable.

5:35 p.m. Oct. 2, 2022
Trump-era presidential records are still missing, says National Archives

The National Archives and Records Administration said that it hasn’t recovered all the presidential records that were supposed to be turned over at the end of the Trump administration.

7:13 p.m. Oct. 1, 2022
Amazon’s business model is inhumane and unsustainable

The convenience that Amazon customers enjoy comes at the expense of Amazon’s lowest-paid workers, who are beginning to rebel.

1:59 p.m. Oct. 1, 2022

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