Some $454 billion allocated for the federal government’s COVID-19 response remains unused, The Wall Street Journal reported on Thursday (Aug. 27). The paper says that less than $17 billion of the money had been used for loans and less than half was earmarked for related...
President Trump’s threat to ban WeChat in the U.S. has shaken the stock markets and is now roiling the corporate world. Shares of Tencent Holdings, its parent company, fell as much as 10 percent on Friday (Aug. 7) hours after the president issued his ban,...
A $1 trillion Republican version of a 4.0 COVID-19 stimulus bill is expected to be on Capitol Hill Monday (July 27). “This is all about kids and jobs,” U.S. Treasury Secretary Steven Mnuchin told Fox News Sunday. “This is our focus, and we want to...
International Business Machines Corp. (IBM) is getting out of the facial recognition business, citing its misuse by law enforcement. In a letter to Congress, IBM’s CEO Arvind Krishna said the company will stop offering facial recognition software and opposes use of the technology for racial...
The head of the U.S. Chamber of Commerce, the largest and most powerful business lobbying group in the country, criticized presidential candidates challenging President Donald Trump on their proposed policies concerning Medicare and taxing of the wealthy, according to a report by the Financial Times....
Former U.S. President Barack Obama is concerned about the impact technology can have on society. “Big disruptive” information technologies can sometimes be “dangerous,” Obama said during a talk with Salesforce CEO Marc Benioff. “People don’t know what’s true and what’s not, and what to believe,”...
The House Judiciary Committee passed a bill that would effectively make marijuana legal, the National Cannabis Industry Association (NCIA) announced in a press release on Wednesday (Nov. 20). The Marijuana Opportunity Reinvestment and Expungement (MORE) Act of 2019 passed by a count of 24-10. The...
Financial firms, fertilizer, beverage, and other mainstream companies are calling on Congress to enable pot companies to have access to banks. According to a report in The Wall Street Journal, with lawmakers gearing up to mull legislation that would enable pot companies to be part of...
With the partial U.S. government shutdown as a result of the standoff between President Donald Trump and congressional Democrats now in its fourth week and no clear end in sight, the economic costs are starting to add up and are expected to impact growth during the...
