US House Panel Sets First Biden Impeachment Inquiry Hearing for Next Week
Sept. 19 By Moira Warburton The Republican-led U.S. House of Representatives is set to hold its first committee hearing on Sept. 28 on its long-shot impeachment inquiry against Democratic President Joe Biden launched by Speaker Kevin McCarthy last week. The House Oversight Committee, led by…
The Fed Wants to Cool Spending; a Strike, a Shutdown and Student Loans May Add Ice
Sept. 18 By Howard Schneider U.S. Federal Reserve officials, who have tentatively embraced the possibility they can squelch inflation without a recession, meet this week with an autoworkers strike, a possible federal government shutdown, and a student loan squeeze on consumers posing new risks to…
Turkish President Erdogan Asks Musk to Build Tesla Factory in Turkey
Sept. 17 By Chandni Shah and Daren Butler Turkish President Tayyip Erdogan asked Tesla CEO Elon Musk to build a Tesla factory in Turkey, the country’s communications directorate said on Monday. It cited Musk as saying that many Turkish suppliers are already working with Tesla…
US Senator Warren Presses Pentagon on L3 Harris Deal to Buy Aerojet
Sept. 15 By Diane Bartz U.S. Senator Elizabeth Warren, a Democrat who wants more mergers scrutinized, questioned Defense Secretary Lloyd Austin about the Pentagon’s role in the approval in July of L3 Harris Technologies’ purchase of Aerojet Rocketdyne at a time when the number of…
US Homeland Security Department Reveals New AI Guardrails as It Deploys Technology Across Agency
Sept. 14 By Alexandra Alper and Christopher Bing The Department of Homeland Security on Thursday plans to announce new limits on its use of artificial intelligence even as it highlights the agency’s success using the technology to aid in drug busts and catch criminals. “We…
US Contacts Oil Producers, Refiners as Gasoline Prices Rise
Sept. 13 By Jeff Mason and Jarrett Renshaw The U.S. Energy Department has talked to oil producers and refiners to ensure stable fuel supplies at a time of rising gasoline prices, Jared Bernstein, head of the White House Council of Economic Advisers, said on Wednesday….
Exclusive-Arm to Fetch at Least $54.5 Billion Valuation in IPO -Source
Sept. 12 By Echo Wang Arm, the chip designer owned by SoftBank Group Corp, received enough backing from investors to secure at least the top end of the price range in its initial public offering, which would command a $54.5 billion valuation on a fully…
Exclusive-Top US Chipmakers, Tech Firms to Attend Vietnam Meeting as Biden Visits
Sept. 11 By Francesco Guarascio and Phuong Nguyen Top U.S. semiconductors and digital companies including Intel, GlobalFoundries and Google are expected to attend a business meeting on Monday in Hanoi as President Joe Biden visits Vietnam to boost ties, two people familiar with the plan…
US, Saudi Arabia in Talks to Secure Metals in Africa – WSJ
Sept. 10 By Urvi Dugar The United States and Saudi Arabia are in talks to secure metals in Africa needed to help them with their energy transitions, the Wall Street Journal reported on Sunday, citing people with knowledge of the talks. A state-backed Saudi venture…
Alaska Sues US Government to Contest Tongass Forest Protections
Sept. 9 By Clark Mindock The state of Alaska sued President Joe Biden’s administration on Friday seeking to block its decision to reverse a policy begun under his predecessor Donald Trump that had opened vast swaths of the Tongass National Forest, the largest such wilderness…