Business

Amazon, Rite Aid cap purchase of emergency contraceptives

NEW YORK (AP) — Amazon is limiting how many emergency contraceptives consumers can buy, joining other retailers who put in place similar caps following the Supreme Court decision overruling Roe v. wade. Amazon’s limit, which temporarily caps purchase of the contraceptives at three units per week, went into effect on Monday, a spokesperson for the …

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Microstrategy Buys More Bitcoin After SEC Says BTC Is a Commodity — Company Now Hodls 129,699 Bitcoins – Featured Bitcoin News

Microstrategy has purchased more bitcoin amide a heavy market sell-off. The announcement followed a clarification by the chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, stating that bitcoin is a commodity. Microstrategy Buys the Dip The Nasdaq-listed software company Microstrategy has bought the bitcoin dip again. In a Wednesday filing with the …

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China PMI data, stocks, currencies, oil

SINGAPORE — Chinese markets rose on Thursday as government data showed factory activity grew in June, but most other Asia-Pacific indexes fell. The Shenzhen Component gained nearly 2%, and the Shanghai Composite advanced 1.31%. The Hang Seng index in Hong Kong was up fractionally. Shares of artificial intelligence software company SenseTime plunged as much as …

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Grayscale sues SEC after rejected bid to turn bitcoin fund into ETF

The SEC on Wednesday rejected Grayscale’s application for a spot bitcoin ETF, citing a failure by the investment manager to answer questions about concerns around market manipulation. Nurphoto | Nurphoto | Getty Images Grayscale, which manages the world’s largest bitcoin fund, said it would sue the US Securities and Exchange Commission after regulators turned down …

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New NHTSA chief pledges to scrutinize driver-assist systems like Tesla Autopilot

Steven Cliff, who was confirmed as the new head of the National Highway Traffic Safety Administration (NHTSA) last month, recently stated that the agency would be intensifying its efforts to understand the risks and benefits posed by automated driver-assist technologies like Tesla Autopilot. When Cliff joined the NHTSA, he was surprised to see that the …

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Samsung To Design 3nm Chips Used To Mine Bitcoin

Samsung is reportedly in a trial production stage for 3nm foundry processing which could be used for mining bitcoin. The first customer will be PanSemi, a Chinese ASIC manufacturer and Qualcomm may also take part in the future. 3nm foundry processing can enable chips to have reduced power consumption, increased speed, and higher quantities of …

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Dow Jones Futures Fall After Market Rally Shows Further Weakness; Jobs, Inflation Data Loom

Dow Jones futures fell modestly early Thursday, along with S&P 500 futures and Nasdaq futures, with some important jobs and inflation data due before Thursday’s open. x The stock market rally searched for direction Wednesday. The major indexes closed narrowly mixed. But the details showed further weakness, with losers easily trumping winners. With the uptrend …

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Wells Fargo CEO says economy still not ready for big rate hikes ahead

Charles Schaff Qilai Shen | Bloomberg | Getty Images Wells Fargo CEO Charles Scharf said he is betting on “more significant rate hikes” as the Federal Reserve tries to rein in high inflation, and that the economy is not as prepared as it should be. “I wouldn’t bet on a number, but I would bet …

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Friday strike deadline looms for 4 Atlantic City casinos

Placeholder while article actions load ATLANTIC CITY, NJ — Union negotiators and casino management tried Thursday to reach new contracts that would avoid a costly and disruptive strike during one of Atlantic City’s busiest weekends. Local 54 of the Unite Here union has set a 12:01 am Friday deadline to reach a new agreement with …

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An FCC Commissioner Wants TikTok Removed From App Stores After BuzzFeed News Found American User Data Was Repeatedly Accessed In China

Earlier this month, BuzzFeed News published a report after accessing leaked audio from more than 80 internal TikTok meetings that contained 14 statements from nine different TikTok employees showing that the company’s engineers in Beijing had accessed data of American TikTok users between September 2021 and January 2022. This leaked audio significantly corroborated previous reporting …

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