Johnson & Johnson’s Janssen COVID-19 Vaccine is stored for use with United Airlines employees at United’s onsite clinic at O’Hare International Airport on March 09, 2021 in Chicago, Illinois. Scott Olson | Getty Images The U.S. plans to buy 100 million additional doses of Johnson & Johnson‘s Covid-19 vaccine, two […]
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Apple reportedly cuts orders for iPhones by 20% due to low demand for iPhone 12 mini
iPhone 12 Mini and iPhone 12 Pro Max Todd Haselton | CNBC Apple cut orders for iPhones by 20%, according to a report from Nikkei on Wednesday, due to decreased demand for its smallest iPhone 12 mini model. Apple’s new iPhones are still in high demand. Apple plans to build […]
GE to merge aircraft leasing unit with rival AerCap in a $30 billion deal as industry faces more pandemic turmoil
General Electric on Wednesday said it will sell its jet-leasing business to rival AerCap in a deal valued at $30 billion, a move that would create a massive lessor as the aviation industry struggles through the Covid-19 pandemic and GE moves to reduce its debt load. The deal would give […]
Treasury auctions are normally mundane affairs, but Wednesday’s could make or break the stock market
Traders work on the floor of the New York Stock Exchange. NYSE Stock traders don’t normally talk about bond auctions, but all this week the 10-year Treasury auction that will happen on Wednesday has been the main subject of conversation. “It’s been a long time since stock traders have cared […]
Mortgage refinance demand plunges 43% from a year ago, as higher interest rates take their toll on borrowers
A house’s real estate for sale sign is seen in front of a home in Arlington, Virginia, November 19, 2020. Saul Loeb | AFP | Getty Images The recent sharp rise in interest rates is now taking a toll on mortgage refinance demand, as the number of borrowers who could […]
Russia says it is slowing down Twitter to protect citizens from illegal content
Russian President Vladimir Putin. Alexei Nikolsky | Reuters Russia has announced that it is imposing restrictions on social media platform Twitter for failing to remove illegal content from its platform. The Federal Communications, Information Technology, and Mass Communications Oversight Service, also known as Roskomnadzor, announced Wednesday that it is slowing […]
France’s love affair with nuclear power will continue, but change is afoot
France is recognized for being a hotbed of culture, gastronomy and style. The country is also something of a world leader in another field: nuclear power. According to the International Atomic Energy Agency, France is home to 56 operational nuclear power reactors, second only to the U.S., which has 94. […]
Democratic lawmaker proposes a national online privacy standard as states move forward with their own laws
Rep. Suzan DelBene, D-Wash. San Francisco Chronicle/Hearst Newspapers via Getty Images | Hearst Newspapers | Getty Images As states move forward with their own digital privacy laws in the absence of federal regulation, Rep. Suzan DelBene, D-Wash., is reintroducing a bill aimed at creating a national standard for digital privacy […]
Chinese electric carmakers add $13.65 billion in value as Tesla surges
A Nio ES6 electric vehicle is on display at an automotive experience area of Wanda Plaza on Nov. 28, 2020 in Beijing, China. VCG | Visual China Group | Getty Images GUANGZHOU, China — Three U.S. listed Chinese electric carmakers added a collective $13.65 billion of value on Tuesday as […]
Europe is focusing on ‘tech sovereignty’ as tensions flare between the U.S. and China
BRUSSELS, BELGIUM – DECEMBER 16: European Commissioner Thierry Breton. Anadolu Agency | Anadolu Agency | Getty Images LONDON — The European Union is investing billions of euros into what it believes are fundamental and core technologies as part of an effort to boost its tech sovereignty and reduce its dependency […]