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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.
China Vows Retaliation as Biden Increases Tariffs on Chinese Imports
Web1 day ago · U.S. President Joe Biden announced substantial increases in tariffs on a range of Chinese imports. The new tariffs, unveiled on Tuesday, target $18 billion worth of goods including electric vehicles (EVs), semiconductors, and medical products. This decision aims to protect American workers and businesses from what the administration deems as ...
Biden Imposes Hefty Tariffs on Chinese Imports to Bolster U.S ...
Web1 day ago · The new tariffs, unveiled during a White House speech on Tuesday, mark a substantial escalation in U.S. trade policy towards China. They include a 100% tariff on electric vehicles imported from China, up from the current 25%, and a 50% tariff on Chinese semiconductors, set to take effect by 2025. Additionally, tariffs on lithium-ion batteries ...
Walmart Cuts Hundreds of Corporate Jobs, Relocates Remote …
Web21 hours ago · Walmart, the world's largest retailer, announced significant changes to its corporate workforce on Tuesday, revealing plans to cut hundreds of jobs and relocate many remote employees to larger office hubs. The move, outlined by Chief People Officer Donna Morris in a memo to employees, aims to enhance …
Biden Signs Bipartisan Bill Banning Russian Uranium Imports, …
Web1 day ago · U.S. President Joe Biden has signed into law a bipartisan bill that bans the import of enriched uranium from Russia, marking the latest effort by the United States to apply further pressure on Vladimir Putin over his ongoing invasion of Ukraine. The legislation, known as the Prohibiting Russian ...
Copper Surges to Unprecedented $5 Per Pound Amid Soaring …
Web20 hours ago · Copper prices surged to unprecedented levels, with May and June U.S. copper contracts breaking the $5 per pound mark for the first time in history. This historic milestone reflects a broader trend of rising demand and constrained supply, driven by the green energy transition, growing data center needs, and an improving Chinese economy.
Powell Signals Extended Period of High Interest Rates Amid …
Web21 hours ago · Federal Reserve Chair Jerome Powell reiterated on Tuesday that inflation remains more persistent than anticipated, indicating that the central bank will maintain its current interest rate levels for an extended period. Speaking at the annual general meeting of the Foreign Bankers' Association in Amsterdam, Powell acknowledged that the rapid disinflation observed in 2023 has significantly ...
U.S. Wholesale Prices Surge in April, Complicating Federal …
Web1 day ago · Wholesale prices in the United States rose more than expected in April, signaling persistent inflationary pressures and complicating the Federal Reserve's plans for potential interest rate cuts. The producer price index (PPI), which measures the prices producers receive for their goods, increased by 0.5% for the month, surpassing the 0.3% estimate from Dow Jones, according to data released by ...
Alibaba's Profit Plunges 86% Despite Revenue Beat Amid Strategic ...
Web1 day ago · Updated May 14, 2024 09:46 p.m. ET. Alibaba's Profit Plunges 86% Despite Revenue Beat Amid Strategic Overhaul, Shares Drop. Chris Liu. The current $25 billion buyback program will last for two years, from March 2024 to March 2025. (Photo: Aly Song/Reuters) Alibaba Group Holding Ltd. reported a …
About Us - Business Times
WebBusiness Times, is a digital global news publication which initially founded in 2009 and headquartered in Beijing, and moved the operation to New York City in March, 2020. The online publication provides comprehensive coverage and analysis of the most important business, economic, political and technological issues in China and around the world ...
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