WASHINGTON (AP) – The Justice Department has ended its investigation into Federal Reserve chair Jerome Powell, clearing a major roadblock to the confirmation of Kevin Warsh as his successor.
WASHINGTON (AP) – The Trump administration is placing economic sanctions on a major China-based oil refinery and roughly 40 shipping companies and tankers involved in transporting Iranian oil. The move makes good on the Trump administration’s threat to impose secondary sanctions on companies and countries that do business with Iran.
Meta is laying off about 8,000 workers, or about 10% of its workforce, the company said Thursday as it continues to ramp up spending on artificial intelligence infrastructure and highly paid AI-expert hires.
Excerpts from recent editorials in the United States and abroad:
NEW YORK (AP) – An $81 billion Warner-Paramount mega merger has received shareholders’ stamp of approval, propelling a deal that could vastly reshape Hollywood and the wider media landscape closer to the finish line.
HONG KONG (AP) – PwC, one of the world’s biggest accounting firms, is paying HK$1.3 billion ($166 million) in fines and compensation in Hong Kong over its audit work for the failed Chinese property developer Evergrande, which was said to have overstated revenues.
PANAMA CITY (AP) – Businesses have doled out up as much as $4 million to move boats through the Panama Canal with the Strait of Hormuz effectively closed, according to the Panama Canal Authority, in a move that has created a seismic shift in global trade flows.
NEW YORK (AP) – HBO Max, “Harry Potter” and CNN may soon find themselves under a new roof: Paramount. That’s because shareholders of Warner Bros. Discovery on Thursday voted to sell the entire business to the company that owns CBS, along with blockbusters like “Top Gun.”
OMAHA, Neb. (AP) – Union Pacific delivered 5% higher earnings in the first quarter as the railroad worked to prepare its case to convince regulators that its $85 billion acquisition of eastern rival Norfolk Southern is a good idea.
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