Economy

Economy news. Economy refers to the system of production, distribution, and consumption of goods and services within a society. It encompasses everything from individual spending and business operations to government policies and international trade. The economy is influenced by numerous factors, including supply and demand, inflation, employment rates, and fiscal policies

US Vice President: Banning TikTok ‘Not at All the Goal’

 Austin, Texas — U.S. Vice President Kamala Harris said the Biden administration has no intention to ban TikTok, the popular short video application from Chinese company ByteDance.  Harris told ABC’s “This …

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TikTok Bill Faces Uncertain Fate in Senate

WASHINGTON — The young voices in the messages left for North Carolina Senator Thom Tillis were laughing, but the words were ominous. “OK, listen, if you ban TikTok I will find …

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At UN, Nations Cooperate Toward Safe, Trustworthy AI Systems

United Nations — The U.N. General Assembly adopted by consensus Thursday a first-of-its-kind resolution addressing the potential of artificial intelligence to accelerate progress toward sustainable development, while emphasizing the need for …

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Reddit, the Self-Anointed ‘Front Page of the Internet,’ Jumps 55% in Wall Street Debut

NEW YORK — Reddit soared in its Wall Street debut as investors pushed the valued of the company close to $9 billion seconds after it began trading on the New York …

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US Takes On Apple in Antitrust Lawsuit

Washington — The U.S. Department of Justice on Thursday sued Apple, the first major antitrust effort against the iPhone maker by the Biden administration, alleging it monopolized smartphone markets.   Apple …

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Biden Administration Unveils Strict Auto Standards to Speed Electric Shift 

New York — President Joe Biden’s administration announced Wednesday revised pollution standards for cars and trucks meant to accelerate the U.S. auto industry’s shift to electric to mitigate climate change. The …

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Efforts by US to Crack Down on TikTok Spark Backlash Against Israel

Washington — The initial backlash came quickly. Within hours of last week’s vote in the House of Representatives approving legislation that could lead to a ban of the popular TikTok app …

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Biden to Tout Government Investing $8.5 Billion in Intel’s Computer Chip Plants in Four States  

Washington — The Biden administration has reached an agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans for computer chip plants in Arizona, …

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Q&A: TikTok Owner Is Essentially ‘Subsidiary’ of China’s Communist Party, US Lawmaker Says  

washington — The U.S. House of Representatives passed a bill March 13 that, if enacted into law, would give ByteDance, the Chinese owner of the TikTok social media app, 180 days …

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US Supreme Court Examines Government Efforts to Curb Online Misinformation

Washington — The US Supreme Court was hearing arguments on Monday in a social media case involving free speech rights and government efforts to curb misinformation online. The case stems from …

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Back to the Moon – Part 1

After the Apollo program ended, the US took a long hiatus from lunar exploration. What happened during this time, and what has NASA been doing? This documentary by the Voice …

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US Sanctions Network Smuggling American Tech to Iran’s Central Bank

Washington — The U.S. Treasury Department unveiled sanctions against a network of companies and individuals for facilitating illegal technology transfers from dozens of U.S. firms to Iranian entities, including the country’s …

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US Senate Considers Bill That Could Ban TikTok in United States

The White House is urging senators to quickly begin considering a bill that would address national security concerns related to the social media app TikTok. The House approved the measure …

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World’s Largest Drone Maker Expands in US Amid Rights Abuse Allegations  

washington — Chinese drone maker DJI is expanding in the U.S. with its first flagship store in New York City amid allegations of links to human rights abuses and ties to …

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Spacex Hoping to Launch Starship Farther in 3rd Test Flight

BOCA CHICA, Texas — SpaceX’s Starship, a futuristic vehicle designed to eventually carry astronauts to the moon and beyond, was poised for a third uncrewed test launch Thursday that Elon Musk’s …

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US House Passes Bill Forcing TikTok to Separate From Chinese Parent Company

The U.S. House of Representatives passed a bill Wednesday that would force short-video app TikTok, used by about 170 million Americans, to separate from its Chinese owner, ByteDance, or face …

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Japan Private Rocket Explodes Just After Launch

Tokyo — A rocket made by a Japanese company exploded just after launch on Wednesday, with public broadcaster NHK showing footage of the fiery failure. Tokyo-based startup Space One had been …

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Scientists in Alaska Develop Cloud-Based Data to Predict Volcanic Eruptions

Scientists in Alaska are developing a cloud-based approach to storing and analyzing data about volcanoes, in hopes of increasing the speed with which they can predict eruptions. Phil Dierking has …

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Xi Jinping Sees AI, Unmanned Tech Boosting Military’s Capabilities

Taipei — During China’s top legislative meetings this year, which wrapped up Monday, Chinese leader Xi Jinping ordered the military to develop what he called “new quality combat capabilities,” a phrase …

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