Alphabet’s Google must sell its Chrome browser, share data and search results with rivals and take other measures—including possibly selling Android—to end its monopoly on online search, prosecutors argued to a judge on Wednesday. Such changes could result in Google being regulated for as many as 10 years via a committee appointed by the Washington […]
NEW YORK—An apologetic FTX co-founder was sentenced Wednesday to no time in prison after a prosecutor and a federal judge praised his cooperation against Sam Bankman-Fried and his efforts to recover money for victims of the cryptocurrency fraud. Gary Wang testified for parts of three day s at Bankman-Fried’s trial last year, explaining his role […]
NEW YORK—Former billionaire investor Sung Kook “Bill” Hwang was sentenced to 18 years in prison on Wednesday over the collapse of Archegos Capital Management, which cost Wall Street banks more than $10 billion. Hwang was sentenced by U.S. District Judge Alvin Hellerstein in Manhattan, where a jury convicted Hwang in July on 10 criminal charges […]
Iconic sports car maker Jaguar’s new promotional video drew attention on social media, as the company made a bold move radically opposed to its long-established James Bond style. The ad debuted on the company’s X account and is a part of Jaguar’s rebranding that includes a new logo, a new monogram, and the slogan “Copy […]
Jaguar has unveiled new logo and branding designs leading up to its relaunch as an all-electric vehicle brand. The England-based car brand defines its new transformation as “Exuberant Modernism, a creative philosophy that defines all aspects of the new Jaguar world” with its new series of emblems, the company announced in a news release on […]
The holiday season is around the corner—and with that, the season for spending. According to Bankrate, one in three shoppers plan to spend less this year. What’s behind this trend, and what are some tips to lessen the pressure on your wallet? To find out more, NTD spoke to Ted Rossman, a senior industry analyst […]
An independent federal agency is recommending that lawmakers strip the Chinese regime of its trade privileges with the United States, ending what is known as permanent normal trade relations (PNTR) status, which Beijing has enjoyed for more than 20 years. In its annual report to Congress released on Nov. 19, the U.S.–China Economic and Security […]
Ford Motor Co. said Wednesday it plans to cut 4,000 jobs in Europe and the United Kingdom by the end of 2027, citing economic challenges and slower-than-expected electric vehicle sales, according to a statement from the company. The automaker said most of the job reductions will occur in Germany, with 2,900 positions to be eliminated […]
During his campaign, Trump promised to impose tariffs of 60 percent on all Chinese goods. As a result, some American businesses are stockpiling imported goods. Some economists think the surge in exports from China last month may have been due to front-loading in anticipation of election results.
Comcast plans to divest the bulk of its once-coveted NBCUniversal cable TV assets, including MSNBC and CNBC, as the rising dominance of streaming platforms relegates legacy media businesses to the cutting room floor. Shares of the company rose about 2 percent in premarket trading, after Comcast said on Wednesday it would separate its entertainment and […]
President-elect Donald Trump’s choice for Federal Communications Commission (FCC) chair, Brendan Carr, was an author of the FCC Chapter of Project 2025. He wrote that the FCC should rein in Big Tech by reforming section 230 of the Communications Decency Act and making them contribute quarterly to the FCC.
Jersey Mike’s Subs is set to be acquired by Blackstone, a major player in asset management, according to a joint announcement made on Tuesday. The deal is expected to close in early 2025 and will see private equity funds managed by Blackstone take a majority stake in the fast-growing sandwich chain, according to the companies. […]
Arthur Frommer, the pioneering travel writer whose guidebooks transformed traveling for countless Americans, has died aged 95. His innovatively titled book, “Europe on 5 Dollars a Day,” made international travel accessible and affordable for the average American. It significantly influenced the travel industry and inspired generations to explore the world. His daughter, Pauline Frommer, confirmed […]
Walmart on Tuesday raised its annual sales and profit forecast for the third consecutive time, as people bought more groceries and merchandise, a sign the world’s largest retailer continues to gain market share ahead of the holidays. Shares of Walmart, which are up nearly 60 percent this year, rose as much as 4.5 percent to […]
Affordable home listings reached a 19-month high in September due to “short-lived mortgage rate relief,” a new Zillow analysis shows. According to the report released on Monday, a middle-income household would have been able to afford more homes on the market in September than in any month in more than a year and a half. […]
Alex Jones is suing to block the sale of his Infowars media company to satirical newspaper The Onion, which emerged as the winning bidder in a bankruptcy auction last week. In a complaint filed late Monday night, the broadcaster asked a federal bankruptcy court in Texas to disqualify The Onion’s bid and instead recognize First […]
California-based IHA Beverage of Commerce is voluntarily withdrawing a cinnamon product from the market amid concerns the item could potentially be contaminated with excessive amounts of lead. “The recalled product is packaged in a 4oz plastic bag, and labeled as Super Dried Cinnamon Powder 4oz,” said the Nov. 18 recall announcement published by the U.S. […]
