Biden Administration Adds 37 Chinese Companies to Forced Labor List
The administration announced it would penalize its largest-ever batch of companies linked to Xinjiang, including major suppliers of critical minerals and textiles.
Read more at The New York Times
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U.S. Blocks Imports From 37 More Chinese Companies Over Forced-Labor Concerns
The latest additions targeted Chinese companies in the critical-minerals, textiles and solar-technology industries.The Wall Street Journal - 1d -
Biden Administration Taking Cuba Off Terrorism List in Deal to Free Political Prisoners
The action is part of a deal worked out with help from the Catholic Church to free political prisoners on the island.The Wall Street Journal - 1d -
Biden administration removes Cuba from state sponsors of terrorism list
President-elect Donald Trump designated Cuba as a state sponsor of terrorism shortly before he left office in January 2021.NBC News - 1d -
U.S. adds 256,000 jobs, as Biden leaves Trump with sturdy labor market
President Joe Biden will end his term with a relatively healthy labor market as the U.S. added 256,000 jobs in December and the unemployment rate ticked down to 4.1%.NBC News - 5d -
Biden administration declines to remove grizzly bears from endangered list
The U.S. Fish and Wildlife Service (USFWS) will keep endangered species protections for grizzly bears in place in most of the western U.S., the agency announced Wednesday, rebuffing states that ...The Hill - Jan. 8 -
Shein's Lack of Answers on China Forced-Labor Concerns Angers U.K. Lawmakers
The bargain clothing site, which is seeking a London stock listing, declined to shed light on whether its clothing contains cotton from Xinjiang.The Wall Street Journal - Jan. 7 -
U.S. Adds Tencent to Chinese Military Companies Blacklist
Tencent’s shares plunged nearly 10 percent after it was designated a military company. The Chinese battery manufacturer CATL was also added to the list.The New York Times - Jan. 7 -
Biden administration adds exemptions into new climate rules for hydrogen energy
The Biden administration on Friday finalized fairly strict climate rules for the nascent hydrogen energy industry — but the rules contain new flexibilities that are expected to make them less ...The Hill - Jan. 3
More from The New York Times
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What to Know About the E.V. Tax Credit That Trump Might Repeal
Rules for a $7,500 tax break for electric vehicle purchases and leases recently changed, but more far-reaching changes are expected when President-elect Donald J. Trump takes office.The New York Times - 2h -
Trump Treasury Pick Scott Bessent to Face Grilling
Scott Bessent, President-elect Donald J. Trump’s choice to be Treasury secretary, will be in charge of steering the president’s economic agenda if confirmed by the Senate.The New York Times - 2h -
Ramaswamy Has a High-Profile Perch and a Raft of Potential Conflicts
Vivek Ramaswamy, Elon Musk’s partner in an effort to cut government costs, could make decisions that ultimately make him and his investors richer.The New York Times - 14h -
Jeffrey Epstein’s Associates Could Reap Benefit of a Big Tax Refund
The estate’s assets have swelled to $145 million, a probate court filing in the U.S. Virgin Islands shows. Much of that won’t make its way to Mr. Epstein’s victims.The New York Times - 19h -
Economic Toll of Los Angeles Fires Goes Far Beyond Destroyed Homes
The ongoing disaster will affect residents’ health, local industries, public budgets and the cost of housing for years to come.The New York Times - 20h
More in Business
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Bank of America tops estimates on better-than-expected investment banking, interest income
Bank of America's results hinge on interest rates and their impact on net interest income.CNBC - 9m -
Morgan Stanley tops estimates on strong equities and fixed income trading revenue
The bank's massive wealth management business will be helped by high stock market values in the fourth quarter, which inflates the management fees it collects.CNBC - 10m -
BP axes 4,700 jobs in cost-cutting drive
UK energy major under pressure from shareholders to turn around its performanceFinancial Times - 13m -
Bank of America sees revenue rise across the board in upbeat sign for year ahead
Bank of America CEO Brian Moynihan said the bank turned in a “strong” fourth quarter, CEO says.MarketWatch - 14m -
Is Trump’s bitcoin embrace the biggest ‘pump-and-dump’ ever?
The U.S. government buying bitcoin at inflated prices would do nothing to pay off America’s debt.MarketWatch - 18m