Washington Financial News
10.08 / 16:28
Reuters
Parke
Tesla
Highways
US opens investigation into fatal Tesla crash in Virginia
By David Shepardson
10.08 / 15:43
FIVE
BLOCK
Citizens
country
A global law firm separates from its Chinese partner, citing cybersecurity and data rules
The decision by Dentons follows warnings by business groups that global companies are postponing or shifting investment away from China due to concern about an expanded anti-espionage law, tighter controls on business, a data security crackdown and raids on foreign consulting firms. Dentons said it was separating from Beijing Dacheng Law Offices due to changes in cybersecurity and data protection but gave no details. Dentons said in a statement Dacheng will be a «separate, standalone firm» that is its «preferred law firm» for clients with needs in China.
10.08 / 15:37
UPS
Fighting
Strategy
Corning
Ukraine Offers Plan to Bypass Russia’s Black Sea Blockade
maritime drones on a Russian warship and a bridge linking Russia to the occupied Crimean Peninsula. “The Ukrainian Navy’s decision to protect vessels closer to the Ukrainian coastline comes after Ukraine’s recent demonstrations of longer-range capabilities, including drones, demonstrating both defense and offensive capabilities in the maritime domain. Ukraine has vowed to fight back against Russia, and Ukraine is good for its word," said Thea Dunlevie, a senior analyst at the Center for Maritime Strategy, a think tank in the Washington area.
10.08 / 13:01
COST
UPS
Lowe's
Target
show
Weekly
jobless claims
US consumer prices rise moderately in July; weekly jobless claims above expectations
WASHINGTON (Reuters) — U.S. consumer prices increased moderately in July amid lower costs for goods, including used motor vehicles, a trend that could persuade the Federal Reserve to leave interest rates unchanged next month.
10.08 / 10:55
Target
Action
Fighting
Parke
EOS
country
US venture capitalists gain greater access to China
US investors who spent years fighting strict limits on their ability to invest in China scored a victory Wednesday when President Joe Biden released an order imposing only light curbs on the flow of money to the world’s second-largest economy.
10.08 / 10:51
Technology
US
Global
US to ban 'high tech' investment in China for security reasons
The US government also said it will require US firms to notify the Treasury Department of such investments in Chinese artificial intelligence and semiconductor technology.
10.08 / 06:57
UPS
Reuters
Strategy
Inside
ASEAN
US President
US President Joe Biden's Asia trip unlikely to include attendance at ASEAN summits
Reuters further reported Biden is not anticipated to travel to Indonesia. Furthermore, a Washington-based ambassador representing an ASEAN member revealed that Indonesia was informed on Monday about Biden's decision to not attend. Asked if it was correct that Biden would not be going to Indonesia, a senior White House official told Reuters on Tuesday: "We're still working on it ...
10.08 / 06:11
Provident
Twitter
social
Trump
elon
Elon Musk's Twitter fined $350K for delay in providing documents related to Donald Trump. Details here
Twitter Inc. or X was fined $3,50,000 for not immediately complying with a Justice Department search warrant for records pertaining to former US President Donald Trump's account. The social media giant was held in civil contempt by the US Court of Appeals for the DC Circuit.
10.08 / 04:37
COST
UPS
Waves
Extreme
Corning
country
Soaring rice prices stretch budgets for billions in Asia, Africa
rice prices to the highest level in almost 15 years is renewing fears that food costs are going to get a lot more expensive for the world’s poorest people. The grain is vital to the diets of billions in Asia and Africa. Rice contributes as much as 60% of total calorie intake for people in parts of Southeast Asia and Africa, and that rises to 70% in countries like Bangladesh.
10.08 / 04:37
UPS
Cooper
investment policy
China says US investment policy 'severely disrupts' global supply chains
Beijing on Thursday vowed to «safeguard» its interests against a new US policy to restrict investment in Chinese technology, accusing Washington of disrupting global supply chains. US President Joe Biden hours earlier announced an executive order directing the Treasury Department to restrict certain US investments in China in sensitive high-tech sectors including semiconductors, quantum computing and artificial intelligence.
09.08 / 19:18
UPS
Aviat
Airlines
US FAA extends cuts to airlines' minimum flight requirements at NY airports
WASHINGTON (Reuters) — U.S. regulators said on Wednesday they will extend temporary cuts to minimum flight requirements at congested New York City-area airports and Washington National Airport through Oct. 28 citing air traffic controller staffing issues.
09.08 / 18:53
CEO
Action
Southern
track
US offers mixed review of Norfolk Southern safety culture
By David Shepardson
09.08 / 18:53
Target
Reuters
track
cover
White House to detail plans restricting some US investments in China -source
By Karen Freifeld and David Shepardson
09.08 / 17:03
Twitter
Platform
show
social
Trump
Special counsel obtained search warrant for Trump's Twitter account -court filing
WASHINGTON (Reuters) — Jack Smith, the U.S. special counsel who is investigating Donald Trump, obtained a search warrant for the former president's Twitter account in January and the social media platform delayed complying, a court filing on Wednesday showed.
09.08 / 17:03
09.08 / 16:53
09.08 / 16:53
Facebook
COST
Airlines
awards
Southern
Judge rules that Southwest failed to follow his order in a flight attendant's free-speech case
A federal judge is heaping sanctions on Southwest Airlines for, he says, failing to follow his orders in a case involving a fired flight attendant's free-speech rights
09.08 / 16:53
UPS
Aviat
Airlines
The FAA asks the FBI to consider criminal charges against 22 more unruly airline passengers
Federal officials say they're asking the FBI to consider criminal prosecution of nearly two dozen more airline passengers accused of disturbances on flights
09.08 / 16:53
09.08 / 16:53
COST
MAIL
show
Postal Service reduces air cargo by 90% over 2 years as part of cost-cutting effort
The U.S. Postal Service has reduced its volume of shipments by aircraft by 90% over two years, putting the service on course to save $1 billion in annual transportation costs
09.08 / 15:25
UPS
Target
Pool
CBS
Trump
Donald Trump wants his election subversion trial moved out of Washington; that won't be easy
Trump and his legal team face long odds in their bid to move his 2020 election conspiracy trial out of Washington, arguing the Republican can't possibly get a fair trial in the overwhelmingly Democratic nation's capital. Criminal defendants routinely try to have their cases moved to increase their chances of getting a favourable jury. Trump and his attorney say they're eying West Virginia, which Trump easily won in 2020.
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