- American City Business Journals
The company's new head of engineering comes from Facebook's WhatsApp, which she joined when it was a small team.
(Bloomberg) -- An enduring mystery of 2021 markets showed signs of unwinding Thursday, with divergent signals on economic growth in stocks and bonds beginning to harmonize. Most Read from BloombergSchool Reopenings Falter as U.S. Kids Near 1 Million Covid CasesA Jewish Tradition Makes Room for Unconventional DesignIstanbul Turns Taps on Old Fountains, Joining Global Push for Free DrinksIn Paris, the Wrapped Arc de Triomphe Is a Polarizing PackageBerlin Referendum Could Determine the Future of th
(Reuters) -Huawei Chief Financial Officer Meng Wanzhou flew home to China on Friday after reaching an agreement with U.S. prosecutors to end the bank fraud case against her, relieving a point of tension between China and the United States. Within hours of the news of the deal, two Canadians who were arrested shortly after Meng was taken into custody in December 2018 were released from Chinese jails and were on their way back to Canada. The deal also opens U.S. President Joe Biden to criticism from China hawks in Washington who argue his administration is capitulating to China and one of its top companies at the center of a global technology rivalry between the two countries.
- Associated Press
New York City schools have been temporarily blocked from enforcing a vaccine mandate for its teachers and other workers by a federal appeals judge just days before it was to take effect. Department of Education spokesperson Danielle Filson said officials seeking a speedy resolution by the circuit court next week. “We’re confident our vaccine mandate will continue to be upheld once all the facts have been presented, because that is the level of protection our students and staff deserve,” Filson said in an email.
Huawei Technologies Chief Financial Officer Meng Wanzhou and U.S. prosecutors are expected to appear in court to say they have reached an agreement to resolve charges against her, according to a source familiar with the matter, concluding a process that should allow her to leave Canada. Meng is expected to appear virtually in a hearing in Brooklyn federal court, according to a source. Here are some facts about Meng.
Billionaires’ income taxes are a tiny fraction of what they make, White House says. Here’s their average tax rate
Rich families were moving fast to report capital gains in their 2020 tax returns ahead of potential rate increases proposed by Democrats.
Even as Federal Reserve Chair Jerome Powell predictably dodged the latest question over his future as head of the central bank, his signal of openness to Democratic demands for tougher regulation of Wall Street under a new regulatory chief may assuage what critics see as a weak point in his leadership. At a press conference on Wednesday following the Fed's latest meeting at which policymakers kept interest rates near zero as the U.S. economy continues to heal from the COVID-19 pandemic, Powell was unequivocal when asked how much he would defer to a new vice chair for supervision expected to be named this fall to oversee bank regulation. That viewpoint could offer President Joe Biden an opening to pursue a package deal in which Powell, a Republican, remains chair and current Fed Governor Lael Brainard, a Democrat and potential rival for the leadership who is favored by some progressives, takes over as the Fed's regulation czar when the slot opens up at the end of October.
- The Week
In a pandemic, trust in science and government is critical
Every president since George W. Bush has vowed to eliminate the tax break that allows compensation to be taxed at the lower capital-gains rate, yet carried interest continues.
Regulators globally are cracking down on cryptocurrencies, alarmed at a rapidly expanding market that exceeded a record $2 trillion in April. China on Friday said it was banning all crypto trading and mining, sending digital coins tumbling. Global regulators worry the rise in privately operated currencies could undermine their control of the financial and monetary systems, increase systemic risks, promote financial crime and hurt investors.
- Yahoo Finance Video
Kathy Jones, Chief Fixed Income Strategist at Charles Schwab, joins Yahoo Finance Live to discuss the U.S. economy, outlook on the Fed taper, and the China credit risk.
- Yahoo Finance
The argument that natural immunity against COVID-19 is an alternative to vaccination is emerging as a legal challenge to mandatory vaccination policies.
- The Independent
Former president ridiculed for sending meme to fans ahead of Bush-Cheney fundraiser
- National Review
President Biden earned the ire of Border Patrol agents after endorsing the false claim that they were recorded "whipping" migrants who were attempting to cross the Rio Grande.
- Washington Examiner
Rep. Alexandria Ocasio-Cortez sent a letter to her constituents Friday explaining why she wept during a House vote this week on a stand-alone provision to fund Israel's Iron Dome missile defense system.
- Yahoo Finance
For the federal government, “raise the roof” is anything but fun — it means things could spiral into disaster.
Bloomberg News reported Thursday that Commerce Secretary Gina Raimondo said the Cold War-era law is under consideration as a means of forcing better transparency from companies, to ease production bottlenecks and identify potential hoarding of chips.
- Associated Press
A group hired by Trump-friendly Republicans to examine the results of the 2020 election in Arizona’s largest county spun falsehoods about deleted data, double voting and other malfeasance in a report that ignored basic facts about how elections are run. The report released Friday by the Cyber Ninjas, the firm hired by Republican lawmakers in Arizona to look for 2020 election fraud, came up with nothing that throws the election won by President Joe Biden into legitimate question. Instead it tried to paint routine election practices in Maricopa County as errors, irregularities or sinister efforts to deny Donald Trump another term.
- KCRA - Sacramento Videos
Gov. Gavin Newsom on Thursday signed legislation that has a $15 billion plan to address climate change in California.
(Bloomberg) -- There was a time when markets would fret at the prospect of Angela Merkel -- a beacon of stability in a turbulent world -- abandoning the helm of Europe’s biggest economy. That time is gone. Most Read from BloombergHow Los Angeles Became the City of DingbatsSchool Reopenings Falter as U.S. Kids Near 1 Million Covid CasesA Jewish Tradition Makes Room for Unconventional DesignIn Paris, the Wrapped Arc de Triomphe Is a Polarizing PackageBerlin Referendum Could Determine the Future of