New York’s Signature Bank Closed Down by Regulators over ‘Systemic Risk’
Regulators have shut down New York’s cryptocurrency-focused Signature Bank in an effort to prevent the banking crisis from spreading.
Economy
Taxpayer Funding for Ford’s New Battery Plant Rejected by Michigan State Legislators
A plan to use taxpayer money to help fund the new Ford electric vehicle battery plant in Michigan has been rejected by state legislators.
Dutch Government Blocks Chinese Government from Access to Key Semiconductor Technology
The Dutch government agreed to block the Chinese Communist Party (CCP) from gaining access to chip manufacturing technology.
U.S Economy Adds 311,000 New Jobs as Labor Growth Continues
The U.S. economy added 311,000 new jobs in February, according to the latest figures.
Elon Musk Responds after FTC Makes 350 Demands for Internal Twitter Information
The Federal Trade Commission (FTC) has allegedly demanded that Elon Musk hands over internal information about Twitter.
Biden Admin Reverses Course, Gives Congress Green Light to Pass Bill Banning TikTok
President Joe Biden’s administration has reversed course this week by announcing that it would support a Senate bill to outlaw the Chinese app TikTok in the United States.
Congress Tackles ChatGPT amid AI Revolution
This week, senators and representatives have held separate hearings regarding the perils and promises of artificial intelligence (AI).
Senior Intelligence Official Warns of TikTok’s Influence on American Children
U.S. National Security Agency Director Paul Nakasone has warned that the Chinese Communist Party-linked social media app TikTok is influencing American children.
Railroad Offers Temporary Help to East Palestine Residents Impacted by Toxic Train Derailment
Norfolk Southern Railway, the railroad company that owns the train that derailed in Ohio last month, has offered temporary help to the residents of East Palestine who are impacted by the toxic disaster.
Fed’s Logan Warns Financial System Vulnerable to Bond Stress, Bostic Open to Rate Hikes
America’s financial system is vulnerable to stress in the government bond market, Federal Reserve Bank of Dallas President Lorie Logan has warned.