State media used her return as proof that the fate of Chinese citizens is closely intertwined with that of the Communist Party.
Digital World Acquisition Corp. jumped 44%, and its A-class shares gained 30%, after announcing a plan to merge with Trump Media Technology Group, which aims to launch a social-media platform backed by former President Donald Trump. The transaction values the Trump media group at an enterprise value of $875 million, the company said. What's called Truth Social is aiming for a beta launch in November, and Trump Media Technology also is planning to launch "non-woke" entertainment programming, news
The social network, formed by the deal with the Trump Media and Technology Group, said on Wednesday it plans a beta launch next month and full roll-out in the first quarter of 2022. Shares of Miami-based Digital World were up 80% to $17.83 on Thursday morning. In a press release, Trump said TRUTH Social would be launched after Twitter Inc barred him from their platform.
(Bloomberg) -- Former President Donald Trump on Wednesday announced a deal that would enable him to regain a social media presence after he was kicked off Twitter Inc. and Facebook Inc. platforms. Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureA $30 Billion Fortune Is Hiding in China’s Silicon ValleyBeef Industry Tries to Erase Its Emissions With Fuzzy Methane MathGoogle’s CEO: ‘We’re Losing Time’ in the Climate FightHate-Speech Case Forces Japan to Confr
After uproar over a proposal to have banks tell the Internal Revenue Service about their customers’ annual cash-flow information, the Biden administration and congressional Democrats unveiled a new, pared-down proposal on Tuesday. Now the question is whether this version of the proposed reporting requirement, which would kick in at the $10,000 mark instead of covering transactions above a $600 threshold, will, if it passes, win over critics and help the IRS catch tax cheats. In the Biden administration’s bid to ensure rich households pay their full tax bill, they proposed months ago that bank, loan and investment accounts report to the IRS on their customers’ aggregate “inflow” and “outflow” above the $600 point on a yearly basis.
You can get Social Security benefits and work at the same time. But if you haven't reached full retirement age, your benefits could be reduced.
Most retirees are eligible, but some fall through the cracks due to a spotty work history or for other reasons.
Condoleezza Rice won't be interrupted.
(Bloomberg) -- Argentine investors are growing increasingly pessimistic on the peso, betting it’s inevitable the government will be forced to speed up devaluation after November elections.Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureA $30 Billion Fortune Is Hiding in China’s Silicon ValleyBeef Industry Tries to Erase Its Emissions With Fuzzy Methane MathGoogle’s CEO: ‘We’re Losing Time’ in the Climate FightHate-Speech Case Forces Japan to Confront Workp
U.S. Securities and Exchange Commission Chairman Gary Gensler encouraged crypto entrepreneurs to seek to comply with U.S. financial and banking regulations, placing special emphasis on the need for oversight of stablecoins, or digital assets that seek to maintain a peg to the U.S. dollar.
Initial unemployment claims reached their lowest level since March 2020 last week, as the number of firings and other voluntary separations slowing further in the recovering economy.
(Bloomberg) -- China’s housing market slump has intensified in recent weeks as sales plunge and more developers default on their debt. Now the downturn has reached another milestone: home prices have begun falling for the first time in six years.Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureA $30 Billion Fortune Is Hiding in China’s Silicon ValleyGoogle’s CEO: ‘We’re Losing Time’ in the Climate FightBeef Industry Tries to Erase Its Emissions With Fuzzy M
The largest Social Security raise in decades may not provide as much extra income as you'd think.
Public debt poses challenges for chancellor Rishi Sunak as the government's next budget looms next week.
For central bankers wrestling with the question of whether inflationary pressures are transitory, industry chiefs around the world have a clear message: prices are only going higher. Shortages of workers, fuel, cargo ships, semiconductors and building materials as the global economy bounces back after pandemic lockdowns have companies from electric car makers to chocolatiers scrambling to keep a lid on costs. "We expect inflation to be higher next year than this year," said Graeme Pitkethly, finance chief at Unilever, which says its products, from Dove soap to Ben & Jerry's ice cream to Persil washing powder, are used by 2.5 billion people every day.
After glowing a healthy shade of green yesterday, marijuana stocks are wilting on Wednesday, with shares of Canopy Growth (NASDAQ: CGC) down 2.6%, Tilray (NASDAQ: TLRY) tumbling 2.8%, and Hexo (NASDAQ: HEXO) off a more disturbing 6.7% as of 11:30 a.m. EDT. News from Mexico, to be precise. Yesterday, investors snapped up shares of Canopy Growth, which rose 8.6%, and Tilray and Hexo as well -- up 15.8% and 14.8%, respectively.
Former President Donald Trump has famously lived on New York City's Fifth Avenue and Pennsylvania Avenue in Washington, D.C., but he may have to stay away from "Electric Avenue." Trump was required to respond to a copyright lawsuit by musician Eddy Grant, who wrote and recorded the song, "Electric Avenue" in 1983. Grant sued over alleged unauthorized use of the song in an animated video created by a third party during the 2020 presidential campaign and posted by the former president on his personal Twitter account.
The number of Americans filing new claims for unemployment benefits dropped to a 19-month low last week, pointing to a tightening labor market, though a shortage of workers could keep the pace of hiring moderate in October. "The labor market is continuing to recover from the virus-related shock," said Daniel Silver, an economist at JPMorgan in New York. Initial claims for state unemployment benefits fell 6,000 to a seasonally adjusted 290,000 for the week ended Oct. 16, the lowest level since the middle of March in 2020, when the nation was in the early stage of the COVID-19 pandemic.
Rep. Jeff Fortenberry (R-Neb.) has been indicted on charges he falsified records and lied to federal investigators probing an illegal foreign donation scheme, the Justice Department announced on Tuesday.Driving the news: DOJ says a Fortenberry associate, who later cooperated with investigators, informed him he'd likely received illegal donations from an intermediary for a foreign national, but that Fortenberry denied any knowledge of such a scheme when contacted by the FBI.Stay on top of the lat
(Bloomberg) -- Dubious debts are back again after the pandemic, and so is Elizabeth Warren, who’s renewing efforts to keep private equity firms from forcing new loans on companies they own to extract dividends that they can’t afford.Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureA $30 Billion Fortune Is Hiding in China’s Silicon ValleyBeef Industry Tries to Erase Its Emissions With Fuzzy Methane MathGoogle’s CEO: ‘We’re Losing Time’ in the Climate FightHa
Will legislators choose a private company’s interests over your right to know about what happens on death row? | Opinion