Bitcoin continued to rebound from its lows for the year on Wednesday. The cryptocurrency sank below the key $30,000 threshold Tuesday, at one point briefly erasing all its 2021 gains. It later recovered to turn positive for the day. On Wednesday, bitcoin surged 18%, climbing back above the $34,000 mark in early morning trading, according to Coin Metrics data. […] Read more
The European Commission, the EU’s executive arm, opened a new investigation into Google on Tuesday to assess whether the tech giant has favored its own online display ad technology services, and therefore breached antitrust rules. “Google collects data to be used for targeted advertising purposes, it sells advertising space and also acts as an online advertising intermediary. […] Read more
DUBAI, United Arab Emirates — Iranian President-elect Ebrahim Raisi gave his first press conference since the country’s election, saying Monday his priorities would be to improve ties with regional neighbors and revive the 2015 nuclear deal — and at the same time squarely ruling out meeting with U.S. President Joe Biden. “We support the negotiations […] Read more
President Joe Biden and Russian President Vladimir Putin agreed on Wednesday to resume stalled nuclear talks and return their ambassadors to their foreign posts, two concrete outcomes that emerged from their summit in Geneva. Putin said at a press conference that his talks with Biden were “very productive” and “there has been no hostility” between the two. […] Read more
Embattled electric truck company Lordstown Motors has enough funding to operate through May 2022 and remains on track to begin limited production of its Endurance pickup in late September following an executive shake-up that ousted the start-up’s CEO and chairman, executives said Tuesday. The company’s new chairwoman, Angela Strand, called it a “new day” for the aspiring […] Read more
Turkish President Recep Tayyip Erdogan gave no indication on Monday that Ankara’s deal with Moscow for the S-400 missile system, which triggered unprecedented U.S. sanctions on the NATO ally, would be reversed. Erdogan’s comments came on the heels of his first face-to-face bilateral meeting with President Joe Biden on the sidelines of the NATO leaders […] Read more
The S&P 500 rose to an all-time high on Thursday as investors shrugged off a key inflation report that showed a bigger-than-expected increase in price pressures. The broad equity benchmark climbed nearly 0.5% to a record closing high of 4,239.18. The S&P 500 also hit an intraday record of 4,249.74, overtaking its May 7 high […] Read more
President Joe Biden signed an executive order on Wednesday that sets criteria for the government to evaluate the risk of apps connected to foreign adversaries, a move with implications for Chinese-owned sites like TikTok and WeChat. Biden revoked and replaced the three executive orders by then-President Donald Trump that sought to ban transactions with TikTok and WeChat […] Read more
Bitcoin’s price slipped again Tuesday amid a brutal sell-off among digital currencies. The reason for the move was unclear, however it may be related to concerns over security of the cryptocurrency after U.S. officials managed to recover most of the ransom paid to hackers that targeted Colonial Pipeline. Court documents said investigators were able to access […] Read more
LONDON — Some of the biggest names in the music industry have called on the U.K. government to change the way musicians get paid when their songs are streamed online over platforms like Spotify and Apple Music. The Rolling Stones and Tom Jones are among 75 artists who have added their names to a letter to Prime Minister Boris Johnson, […] Read more
