- August 9, 2024
Colin Huang, founder of Temu parent company, now China’s richest person
After several moderately successful ventures in gaming and e-commerce, Colin Huang got sick and retired. At one point, the young entrepreneur stayed home for a
The beloved Ford Capri is back—or is it? Why every new electric car is an SUV, and why it shouldn’t be
The new electric Ford Capri has been one of the most controversial vehicle launches this year. Despite a wholehearted endorsement from the soccer legend Eric
Mozambican ex-finance minister convicted in $2 billion tuna kickback scandal
Former Mozambican Finance Minister Manuel Chang was convicted Thursday in a financial conspiracy case that welled up from from his country’s “tuna bond” scandal and swept into
Florida HBCU’s record $237 million donation is worthless, investigation confirms
A record multi-million dollar gift to Florida’s only public historically Black university has been void for months, an independent investigator said Thursday, as a third-party
Boeing’s new CEO spent his first day on a factory floor
A new chief executive took over at Boeing on Thursday, and he began by walking the floor of the factory near Seattle that has become
Investment banker bonuses soar: Wall Street pay skyrockets in 2024
After two lackluster years, Wall Street bonuses are poised to jump in virtually every sector of the industry, with debt underwriting likely to be the
Fed official says no rate cuts yet, inflation still above target
Federal Reserve Bank of Kansas City President Jeffrey Schmid signaled he’s not ready to support a reduction in interest rates with inflation above target and
Housing market update: 30-year fixed mortgage rates drop to 6.47 percent
The average rate on a 30-year mortgage fell this week to its lowest level in more than a year, a welcome affordability boost for prospective home
Trump and Harris to face off in high-stakes debate
ABC News says that both Republican presidential nominee Donald Trump and his Democratic counterpart, Kamala Harris, have agreed to meet in a debate on Sept.
SpaceX may have to rescue stranded NASA astronauts after Boeing blunder
NASA is working with Elon Musk’s SpaceX on plans to return two astronauts to Earth in the event that they’re unable to travel on the