Joe Biden News

TikTok is gearing up for a legal fight against a U.S. law that would force the social media platform to break ties with its China-based parent company or face a ban

Kenneth Rogoff, former chief economist of the IMF, is Maurits C. Boas Chair of International Economics at Harvard University. Speaking to Srijana Mitra Das, he discusses the record rise in military expenditure worldwide: Q. Recent reports find global defence spending now amounts to $2443 billion — which economic areas does this impact most? A. While military spending does spin off some technology, by and large, it is not good for growth or consumption because it’s destructive. The United States and Europe are facing pressures today because of Ukraine, the Middle East and potentially Taiwan — but the defence budgets of the West are tuned to a different era. We had a peace dividend after the Berlin Wall fell in 1989 — now, things are going into reverse. This raises the pressure on debt and inflation.

Environmental Protection Agency Administrator Michael Regan says new rules that would force power plants fueled by coal or natural gas to capture smokestack emissions or shut down are targeting pollution that's “pushing our planet to the brink.”

Legislation forcing TikTok’s parent company to sell the video-sharing platform or face a ban in the U.S. has received President Joe Biden’s official signoff

US fund managers suffered their worst-ever quarter for ESG-focused products as the pace of client redemptions intensified.

Despite us constantly being told that solar and wind are now the cheapest forms of electricity, governments around the world needed to spend $1.8 trillion on green transitions last year. “Wind and solar are already significantly cheaper than coal and oil" is how US President Joe Biden conveniently justifies spending hundreds of billions of dollars on green subsidies. Indeed, arguing that wind and solar is the cheapest is a meme employed by green lobbyists, activists and politicians globally.

solar manufacturers filed trade complaints Wednesday formally requesting that the Biden administration impose tariffs on solar products being exported from Southeast Asia into the United States. The petitions were filed with the Department of Commerce and the U.S. International Trade Commission. They come amid growing alarm within the U.S. solar industry that a flood of cheap Chinese green energy technology exports are pushing down prices of solar panels and threatening efforts by the Biden administration to develop a domestic solar supply chain. Chinese companies have been relocating production of solar products to neighbouring countries to avoid existing tariffs, and U.S. manufacturers believe new trade measures are needed to protect their businesses. The complaints call for investigations into the trade practices of Vietnam, Cambodia, Thailand and Malaysia. In the past year, the United States has imported $12.5 billion worth of solar products from those countries as prices of solar products have dropped by around 50%.

long-range missiles to Ukraine for use in its battle to fight off Russian invaders, and Ukraine has now used them twice, a US official said on Wednesday. The missiles were contained in a $300 million military aid package for Ukraine that US President Joe Biden approved on March 12, said the US official, speaking on condition of anonymity. The official would not say how many of the missiles were sent. White House national security adviser Jake Sullivan, at a briefing for reporters, confirmed that a «significant number» of the missiles had been sent to Ukraine and said «we will send more.»

Arizona fake elector scheme to re-elect then-U.S. President Donald Trump in 2020, the state's attorney general said on Wednesday. The court papers list a «former U.S. president,» Trump, as an unindicted co-conspirator.

A Russian court sided with state-run lender VTB Bank in its efforts to recoup $439.5 million from JPMorgan Chase that the American lender froze in U.S. accounts after the Ukraine invasion.

The big U.S. aid package for Ukraine and other allies that President Joe Biden signed Wednesday also allows the administration to seize Russian state assets located in the U.S. and use them for the benefit of Kyiv

President Joe Biden’s signing of legislation that could ban TikTok in the U.S. runs counter to his campaign’s embrace of the platform and outreach to influencers

About one-quarter of U.S. adults over age 50 who aren't yet retired say they expect to never retire and 70% are concerned about prices rising faster than their income

The North America’s Building Trades Unions has endorsed President Joe Biden

WASHINGTON—Creating a conservative supermajority on the Supreme Court was perhaps the crowning achievement of Donald Trump’s presidency, with three appointees who delivered generational victories, including the elimination of abortion rights and the abolition of affirmative action. But the court has been no balm when it comes to Trump’s personal interests, leaving the former president fuming in several past cases after his appointees rejected his expansive claims of executive power or unfounded allegations of election irregularities.

ERShares CEO Joel Shulman discusses tech earnings and the upcoming economic data reports.

Swing-state voters are open to several ideas to keep Social Security benefits flowing for decades — as long as it’s the wealthy footing the bill, according to the latest Bloomberg News/Morning Consult poll.

President Tsai Ing-wen said on Wednesday she was happy the U.S. Congress had passed a sweeping foreign aid package which includes arms support for the island, as China urged Washington to stop selling weapons to Taipei. The United States is Taiwan's most important international backer and arms supplier even in the absence of formal diplomatic ties. China, which views Taiwan as its own territory, has repeatedly demanded arms sales stop. The Senate approved by 79 to 18 four bills passed by the House of Representatives on Saturday, after House Republican leaders abruptly switched course last week and allowed a vote on the $95 billion in mostly military aid for Ukraine, Israel and Taiwan and U.S. partners in the Indo-Pacific.

A report by the American Chamber of Commerce in China says that simmering tensions between Beijing and Washington remain the top worry for U.S. companies operating in China

The Senate has passed legislation that would force TikTok’s China-based parent company to sell the social media platform under the threat of a ban, a contentious move by U.S. lawmakers that’s expected to face legal challenges and disrupt the lives of c...

Tennessee Republican Gov. Bill Lee says he thinks workers at a Volkswagen plant in Chattanooga made a mistake by voting to unionize under the United Auto Workers in a landslide election