money What to watch in the markets: Week of Feb 24
Yahoo Finance's Myles Udland highlights the stories that will make headlines next week on The Final Round.
Yahoo Finance's Myles Udland highlights the stories that will make headlines next week on The Final Round.
Trump won these congressional districts during the 2020 election. Democratic House members held them in 2022. Here’s what they tell us about the 2024 presidential race.
Intel will release two AI chips with reduced capabilities for the Chinese market, in order to comply with U.S. export controls and sanctions. Rival Nvidia also has plans for three China-specific chips after the United States late last year tightened a rule capping the capabilities of AI chips that can be shipped to China. Intel's China-specific AI chips are based on the company's latest Gaudi 3 product line, which was unveiled on April 9, with similar hardware features including on-chip memory, high-bandwidth memory, and interface standards.
U.S. Trade Representative Katherine Tai will tell lawmakers on Tuesday that the Biden administration is "taking a serious look" at U.S. trade defense tools to deal with threats posed by China's trade and economic policies, including a review of Trump-era tariffs on Chinese imports. In excerpts of testimony to the U.S. House of Representatives Ways and Means Committee released ahead of a hearing on Tuesday, Tai said that China's policies were causing "dependencies and vulnerabilities in multiple sectors, harming American workers and businesses and creating real risks for our supply chains.""This is why we are taking a serious look at how our existing tools are addressing this problem, including through our four-year review of the China Section 301 tariffs," Tai said.
President Joe Biden returns to his childhood hometown of Scranton on Tuesday to open three straight days of campaigning in Pennsylvania, capitalizing on the opportunity to work the battleground state while Donald Trump spends the week in a New York City courtroom for his first criminal trial. The Democratic president plans to use Scranton, a working class city of roughly 75,000 people, as the backdrop for his pitch for higher taxes on the rich. At the same, he will portray Trump, the presumptive Republican nominee and a billionaire himself, as a tool of wealthy interests.
British lawmakers will vote on Tuesday on moves by Prime Minister Rishi Sunak to ban anyone aged 15 and under from ever buying cigarettes. Though expected to be approved, Sunak's plan to impose some of the world's strictest anti-smoking rules has angered some members of his governing Conservative Party including former prime ministers Liz Truss and Boris Johnson, who say the state should not interfere in how people live their lives. Lawmakers will be given a so-called free vote on the bill, meaning they do not have to vote along party lines.
Donald Trump’s tax plans have already proven a hit with billionaires. What Joe Biden is hoping is that those same plans will be politically toxic in the swing states that will decide the election this fall.
The number of people who owe the government has also been rising.
A huge fire on Tuesday devastated Copenhagen's 17th century former stock exchange toppling the historic building's landmark spire in front of horrified witnesses.The Borsen building, commissioned by King Christian IV and built between 1619 and 1640, is one of Copenhagen's best known landmarks.
German Chancellor Olaf Scholz told Chinese leader Xi Jinping who hosted him in Beijing on Tuesday that Russia’s full-scale invasion of Ukraine threatens global security, in an apparent call for China to apply greater pressure on its neighbor and close strategic partner to resolve the conflict. Scholz also told Xi at their meeting that the use of nuclear weapons in the 2-year-old war should not even be threatened, German media reported.
The stabbing of a prominent bishop has rocked Australia's tightknit Assyrian community, conjuring terrors of past violence in the homelands many fled. - Online bishop - The church and its bishop have an online following of about 200,000 people -- far more than Australia's Assyrian community.
The UK parliament will on Tuesday kick off its first debate on Prime Minister Rishi Sunak's planned legislation to prevent young people from ever smoking, despite opposition from many in his own Conservative Party."This has the potential to phase out smoking in young people almost completely as early as 2040," the government said when it unveiled the plan, calling the move "historic".
Stock markets fell and oil prices climbed Tuesday on growing fears of a wider war in the Middle East after Israel's army chief vowed a response to Iran's unprecedented attack on his country at the weekend.All eyes are on the Middle East after Tehran fired hundreds of missiles and drones at its regional enemy, saying the attack was retaliation for an April 1 strike on the consular annex of its Damascus embassy that killed seven Revolutionary Guards including two generals.
Stellantis chief executive Carlos Tavares has defended his 36.5 million euro ($38.75 million) pay package ahead of a vote Tuesday by the car giant's shareholders.According to the Stellantis annual report, the 65-year-old Portuguese executive is to get a 10 million euro bonus for the transformation of the group -- formed out of the 2021 merger of Peugeot and Fiat-Chrysler -- that would take his pay to 36.5 million euros.
Asian shares skidded Tuesday following a slump on Wall Street after higher yields in the U.S. bond market cranked up pressure on stocks. In the oil market, a barrel of U.S. crude for May delivery slipped 10 cents to $85.31 per barrel in electronic trading on the New York Mercantile Exchange.
Heavy rains lashed the United Arab Emirates on Tuesday, flooding out portions of major highways and leaving vehicles abandoned on roadways across Dubai. Meanwhile, the death toll in separate heavy flooding in neighboring Oman rose to 18 with others still missing as the sultanate prepared for the storm. The rains began overnight, leaving massive ponds on streets as whipping winds disrupted flights at Dubai International Airport, the world's busiest for international travel and the home of the long-haul carrier Emirates.
South Korea remembered the 304 people, most of them school children, who died on the Sewol ferry on the 10th anniversary of its sinking on Tuesday, with families calling for a proper apology for the unnecessary deaths of their loved ones. Many parents attended a memorial service in the city of Ansan, home of the 250 children who died on the ferry during a school excursion, while another 37 family members boarded a Coast Guard ship that sailed to the scene of the disaster, marked by a lone buoy, and held a memorial at sea. "Every single day of the 10 years has been painful, unbearable time," Kim Jong-gi, who lost his daughter Soo-jin, said at the memorial, adding that those responsible for the disaster had yet to be held accountable.
The speaker of Georgia's parliament said that lawmakers would debate the first reading of a bill on "foreign agents" on Tuesday as opponents called for a second day of protests against a measure they see as Russian-inspired. More than 5,000 people demonstrated on Monday outside parliament, facing off against riot police and water cannon to oppose a bill that Georgian and Western critics have warned would jeopardise Georgia's hopes of moving towards membership of the European Union. The bill would require organisations receiving more than 20% of their funding from abroad to register as being agents of foreign influence.
Trump Media stock slid as much as 16% on Monday after the parent company of Donald Trump's social media platform, Truth Social, filed to issue more than 21 million shares.
The University of Southern California has been accused of “censorship” after canceling Asna Tabassum’s commencement address in the name of safety concerns.
Australian police said Monday that the attacker who fatally stabbed six people at a busy shopping mall in Sydney’s beach suburb of Bondi may have been targeting women, as heartbreaking details emerged of those who lost their lives, plunging a nation into mourning.