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Video
US mine takes on China’s Rare Earth dominance
June 22, 2023 05:00 PM AEST| By Team Kalkine MediaMP Materials is planning to begin separating rare earths at their Mountain Pass mine....
US House panel will vote on upcoming cryptocurrency bill
June 14, 2023 05:00 PM AEST| By Team Kalkine MediaPatrick McHenry, a key House Republican lawmaker plans to hold a committee vote in the coming weeks on a comprehensive bill to create a regulatory framework for cryptocurrency products....
Why did First Republic shares tumble again on Monday?
March 25, 2023 03:27 PM AEDT| By Team Kalkine MediaShares of First Republic Bank closed 47% lower on Monday, adding to recent losses as concerns about its liquidity continued to worry investors despite a $30 billion influx of deposits last week.
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Why Credit Suisse Is Borrowing Nearly $54 Billion From Swiss National Bank?
March 25, 2023 03:16 PM AEDT| By Team Kalkine MediaCredit Suisse has taken a lifeline from the Swiss central bank in a bid to calm the concerns for its survival which had roiled global markets. Credit Suisse borrowing up to $54 billion to shore up its finances and restore investor confidence.
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Why is Meta Platforms laying off more 10,000 jobs?
March 16, 2023 06:30 AM AEDT| By Team Kalkine MediaFacebook-parent Meta Platforms said on Tuesday it would cut 10,000 jobs this year, making it the first Big Tech company to announce a second round of mass layoffs as the industry braces for a deep economic downturn....
U.S. prosecutors investigating collapse of Silicon Valley Bank
March 16, 2023 06:20 AM AEDT| By Team Kalkine MediaU.S. prosecutors are investigating the collapse of Silicon Valley Bank, according to a source familiar with the matter, as scrutiny mounts over the firm's sudden collapse and regulators scramble to contain the fallout....
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Why is Pfizer buying cancer drug maker Seagen for $43 billion?
March 16, 2023 06:10 AM AEDT| By Team Kalkine MediaPfizer Inc on Monday struck a $43 billion deal to acquire Seagen Inc and its targeted cancer therapies as it braces for a steep fall in COVID-19 sales and generic competition for some top-selling drugs. Seagen marks Pfizer's largest purchase in a str...
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US acts to shore up confidence in banking system
March 16, 2023 06:00 AM AEDT| By Team Kalkine MediaThe U.S. administration stepped in on Sunday with a series of emergency measures to shore up confidence in the banking system after the failure of Silicon Valley Bank threatened to trigger a broader systemic crisis....
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Why U.S. has opened probe into Tesla's Model Y?
March 11, 2023 06:13 AM AEDT| By Team Kalkine MediaThe National Highway Traffic Safety Administration (NHTSA) said Wednesday it is opening a preliminary investigation into 120,000 Tesla Model Y vehicles after two reports of steering wheels falling off while driving....
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Why is U.S. pressurizing airlines to commit to ending family seating fees?
March 10, 2023 07:18 PM AEDT| By Team Kalkine MediaThree U.S. airlines agreed to commit in writing to eliminating family seating fees if adjacent seats are available during booking, the U.S. Department of Transportation (USDOT) said on Monday....
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Biden unveils plans for government spending and higher taxes on the wealthy
March 10, 2023 07:10 PM AEDT| By Team Kalkine MediaU.S. President Joe Biden on Thursday unveiled plans for government spending and higher taxes on the wealthy, choosing the swing state of Pennsylvania to reveal his playbook for an expected 2024 re-election bid....
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Why is US Justice Dept seeking rejection of Trump immunity claim in Jan 6 lawsuits?
March 07, 2023 07:55 AM AEDT| By Team Kalkine MediaThe U.S. Justice Department on Thursday urged an appeals court to reject former President Donald Trump's claim that he is automatically immune from lawsuits over his supporters' assault on the U.S. Capitol on Jan. 6, 2021....
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Why is Tesla revamping Model Y codenamed 'Juniper'?
March 07, 2023 06:02 AM AEDT| By Team Kalkine MediaTesla is readying a production revamp of its top-selling Model Y, according to three people with knowledge of the plan. The changes to the Model Y – code-named Project Juniper at Tesla - involve the exterior and interior of the crossover electric veh...
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Why is TikTok developing parental control tool to block certain videos?
March 07, 2023 02:59 AM AEDT| By Team Kalkine MediaTikTok said on Wednesday it is developing a tool that will allow parents to prevent their teens from viewing content containing certain words or hashtags on the short-form video app, as the embattled company looks to shore up its public image....
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Why Goldman Sachs is considering strategic alternatives for its consumer business?
March 06, 2023 09:06 PM AEDT| By Team Kalkine MediaGoldman Sachs Group Inc's Chief Executive David Solomon told investors on Tuesday the bank is considering "strategic alternatives" for its consumer arm, raising prospects for a potential sale after the business lost billions of dollars....
Is US concerned by China-Russia ties?
February 24, 2023 03:40 AM AEDT| By Team Kalkine MediaThe United States is concerned by greater alignment between China and Russia, the U.S. State Department said on Wednesday after Russian President Vladimir Putin hailed "new frontiers" in ties with Beijing and signalled China's Xi Jinping would visit...
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Meta to test monthly subscription service Meta Verified
February 22, 2023 10:10 AM AEDT| By Team Kalkine MediaMeta Platforms on Sunday announced that it is testing a monthly subscription service, called Meta Verified, which will let users verify their accounts using a government ID and get a blue badge, as it looks to help content creators grow and build com...
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Why is US staging joint air exercises with Asian allies?
February 22, 2023 03:03 AM AEDT| By Team Kalkine MediaThe United States held joint air exercises bilaterally with South Korea and Japan involving strategic bombers on Sunday, a day after North Korea fired a Hwasong-15 intercontinental ballistic missile (ICBM) in a "sudden launching drill"....
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Why did Tesla layoff 4% of New York employees?
February 18, 2023 12:52 PM AEDT| By Team Kalkine MediaTesla Inc said on Wednesday it laid off 4% of the employees in the Autopilot labeling team in Buffalo as part of a performance review cycle conducted every six months....
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Will U.S. face debt-ceiling crisis this summer without deal?
February 17, 2023 02:03 PM AEDT| By Team Kalkine MediaThe Congressional Budget Office on Wednesday said the U.S. Treasury Department will exhaust its ability to pay all its bills sometime between July and September, unless the current $31.4 trillion cap on borrowing is raised or suspended....
