Business news

• U.S. eases vehicle emissions rules, but overall reduction targets remain unchanged

  20-03-2024 23:39 via cbc.ca
  
  The Biden administration on Wednesday slashed its target for U.S. electric vehicle adoption from 67 per cent by 2032 to as little as 35 per cent after industry and autoworker backlash in the political battleground state of Michigan.
  
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• The cars, the chargers or the customers? A look at what's behind cooling EV sales growth

  20-03-2024 09:00 via cbc.ca
  
  Several automakers are pulling back on plans to expand the amount of electric vehicles they produce in response to slowing sales that aren’t expected to hit previous forecasts. At the same time, more models are coming to market and overall sales continue to grow year after year.
  
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• How dating apps frustrate you into paying for them

  20-03-2024 09:00 via cbc.ca
  
  Some dating apps want to convince you that you’ll have a higher chance of finding love if you pay for their subscriptions or special features, some researchers say. But according to one dating coach, what might get you more dates is how your profile looks — and not how much money you spend on it.
  
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• DC Coffee Chain Debuts Crypto Payments with Coinbase Partnership

  20-03-2024 04:57
  
  A test case for mainstreaming cryptocurrency is coming to a local coffee chain in the nation’s capital, FOX Business has learned.Compass Coffee, a veteran-owned coffee brand with sixteen stores in the D.C. area, is partnering with the U.S.’s largest crypto exchange, Coinbase, to offer customers the option to pay for their morning brew with USDC, a so-called "stablecoin," a form of cryptocurrency that works like a digital dollar.On Wednesday, customers who pay with USDC at Compass&rsq
  
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• Elizabeth Warren leads renewed charge for wealth tax on ultrarich

  20-03-2024 02:33
  
  A group of progressive Democrats is restarting an effort to increase taxes on the wealthiest Americans. Sen. Elizabeth Warren, D-Mass., on Tuesday reintroduced the Ultra-Millionaire Tax Act, which would slap a 2% tax on households worth $50 million to $1 billion and a 3% tax on households worth more than $1 billion. Reps. Pramila Jayapal, D-Wash., and Brendan Boyle, D-Pa., have introduced a companion bill in the House. "As President Biden says, no one thinks it’s fair that Jeff B
  
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• City of Chicago sues Glock Inc. over 'facilitating' illegal gun conversions

  20-03-2024 02:20
  
  The city of Chicago has filed a lawsuit against Glock, Inc., blaming the gun-maker for facilitating the manufacturing of illegal machine guns being used on the crime-ridden streets of the Windy City."Criminals armed with Modified Glocks are emboldened because of their military-grade firepower, and they kill and injure more people, increasing the terror felt by ordinary Chicagoans," the lawsuit said.The lawsuit alleges that Georgia-based Glock, Inc., endangers Chicago residents by manufacturing a
  
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• Stuart Varney: NY AG Letitia James undermined the rule of law to 'get' Trump

  20-03-2024 01:44
  
  During his "My Take," Tuesday, "Varney & Co." host Stuart Varney blasted New York's legal system for hammering Donald Trump with a $464 million penalty in his civil fraud case, arguing Attorney General Letitia James wrongly used the power of her office to "get" Trump.STUART VARNEY: Justice in New York City has become a politicized joke. We have reached the point where Donald Trump has to come up with a half billion dollars in cash just to appeal the verdict in his fraud case. TRUMP
  
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• Boeing needs to focus on safety and quality after incidents, FAA chief says

  20-03-2024 00:37
  
  The head of the Federal Aviation Administration (FAA) told aerospace giant Boeing that it needs to refocus on ensuring the safety and quality of its aircraft following recent incidents.FAA Administrator Michael Whitaker said in an interview with NBC Nightly News set to air on Tuesday that his recent trip to Boeing manufacturing facilities left him with the belief that "there are issues around the safety culture at Boeing," according to an excerpt released by the network.Whitaker went on to say t
  
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• US national debt tracker for March 19, 2024: See what American taxpayers (you) owe in real time

  20-03-2024 00:23
  
  The U.S. national debt is climbing at an astronomical pace and has shown no signs of slowing down despite the heightened scrutiny on government spending.The national debt — which measures what the U.S. owes its creditors — increased to $34,551,363,248,839.89 as of Monday afternoon, according to the latest numbers published by the Treasury Department. That is up about $8.5 billion from the $34,542,838,497,262.94 figure reported the previous day.By comparison, just four decades ago, th
  
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