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WEBTesla Reportedly Opts Out of Performance-Based Stock Incentives for Employees Amid Cost-Cutting Measures. Business Times is a digital global news publication that provides comprehensive coverage and analysis of the most important business, economic, financial, political and technological issues from China and around the world.
U.S. and Allies Call for Immediate 21-Day Cease-Fire Between …
WEB20 hours ago — The United States, France, and a coalition of allies on Wednesday jointly called for an immediate 21-day cease-fire between Israel and Hezbollah, aiming to halt a surge in hostilities that has resulted in over 600 deaths in Lebanon in recent days. The appeal was made in a joint statement negotiated on the sidelines of the United Nations General Assembly.
Free COVID-19 Tests Available Again as U.S. Prepares for Winter …
WEB18 hours ago — The distribution of free at-home tests comes at a time when health officials are urging Americans to prepare for a "tripledemic," with COVID-19, flu, and respiratory syncytial virus (RSV) expected to spike this winter. According to the CDC, while COVID-19 cases have recently declined following a summer …
Congress Averts Shutdown but Faces December Showdown Over …
WEB20 hours ago — As the U.S. Congress narrowly avoided a government shutdown this week, lawmakers now face the prospect of another looming funding crisis just before the Christmas holiday. The stopgap measure passed by both the House and Senate on Wednesday will keep federal operations running through Dec. 20, but it sets the stage for a potential budget showdown during the final weeks of the year.
China to Unveil $284 Billion Bond Issuance in Major Push to Revive ...
WEB18 hours ago — China is set to issue $284 billion in special sovereign bonds this year, marking a significant move aimed at reviving its sluggish economy and countering deflationary pressures. According to Reuters, the Ministry of Finance (MOF) plans to issue two separate tranches of sovereign bonds: one for 1 …
Global Stock Surge Fueled by Chinese Stimulus as Oil Prices Drop, …
WEB19 hours ago — Global markets surged on Thursday, led by a rally in Asian stocks after China announced aggressive economic stimulus measures aimed at bolstering its slowing economy. European equities followed suit, with the Stoxx 600 index jumping 1%, inching closer to an all-time high set in August. Chinese onshore blue chips and Hong Kong's Hang Seng Index also saw gains of over 4%, driven by renewed ...
U.S. Economy Surges at 3% Growth in Second Quarter Amid …
WEB18 hours ago — The U.S. economy grew at an annualized rate of 3% in the second quarter of 2024, continuing its steady expansion in the face of high interest rates, according to the latest figures from the Bureau of Economic Analysis. The third estimate of second-quarter gross domestic product (GDP), released on Thursday, confirmed the earlier reading, showing a stronger-than-expected performance despite ...
Fed Cuts Interest Rates by Half Point Amid Growing Concerns …
WEBSep 18, 2024 — On Wednesday, the central bank slashed the federal funds rate by 50 basis points, bringing it to a range of 4.75% to 5%. This aggressive move marks the beginning of what could be a series of rate cuts aimed at stabilizing the economy amid growing concerns about slowing job growth and softening inflation. The rate cut, which impacts short-term ...
Harris Draws Ire Over Call to Move Beyond ‘Failed Policies,’ …
WEB14 hours ago — Podcaster Stephen L. Miller observed, "Quite the optics today as Harris is out saying we need to move past failed policies while the old man is on The View saying he delegated everything to her in his administration." Harris also took the opportunity during her address to criticize her 2024 opponent, calling former President Donald Trump "one ...
Boeing Offers 25% Pay Hike in Historic Deal to Avoid Strike as …
WEBSep 10, 2024 — The proposed contract falls short of the union's initial demand for a 40% pay increase, but negotiators are nonetheless championing the deal as a significant victory. In addition to the 25% wage hike, the agreement includes $3,000 lump-sum payments for each covered employee, improved health insurance …