WASHINGTON—Senator Bob Menendez, the chairman of the Senate Foreign Relations Committee, said on Tuesday he hoped the Senate could vote as soon as April on a sweeping bipartisan package of legislation to address threats from China. “I would hope that we would be looking as soon as April on the floor,” he said on a…
US Senate Panel Chairman Hopes for Vote on China Measures as Soon as April
Park Outside: Kia Recalls Nearly 380,000 Vehicles for Fire Risk
DETROIT—Kia is telling owners of nearly 380,000 vehicles in the United States to park them outdoors due to the risk of an engine compartment fire. The Korean automaker is recalling certain 2017 through 2021 Sportage SUVs and 2017 through 2019 Cadenza sedans to fix the problem. The company says a short circuit in the hydraulic…
Gas Price Surge Fueled by Supply Squeeze, But ‘Hostile’ Biden Policies Could Drive Them Higher: Experts
While experts say the current gas price spike is mostly driven by demand recovering faster than the winter storm-squeezed supply, others warn “hostile” White House policies are likely to drive them even higher in the long term. The average price per gallon in the United States as of Tuesday morning was $2.82, up 34 cents…
Gas Price Surge Fueled by Supply Squeeze, But Biden Policies Could Drive Them Higher: Experts
While experts say the current gas price spike is mostly driven by demand recovering faster than the winter storm-squeezed supply, others warn “hostile” White House policies are likely to drive them even higher in the long term. The average price per gallon in the United States as of Tuesday morning was $2.82, up 34 cents…
Tesla Loses More Than $244 Billion in a Month as Rally Fizzles
Shares of Tesla Inc. fell for a fifth consecutive session on Monday, caught in a tech-led selloff that has wiped more than $244 billion off the company’s market value over the last month. High-flying tech stocks, which powered the market’s rebound from the pandemic lows in March last year, have been hit by a one-two…
Biden Mulls Funding Infrastructure Plan with Tax Hikes, Corporate Tax Cut Rollbacks, New Fees
President Joe Biden is considering tax hikes, new fees, and a corporate tax rollback to pay for the infrastructure plan that is now taking shape, according to White House press secretary Jen Psaki and a California Democrat familiar with discussions on the matter. Biden floated a $2 trillion infrastructure bill while campaigning, but his administration…
EU Banking Regulator Hit by Suspected Chinese Hackers
March 9, 2021
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The European Banking Authority (EBA) is the latest victim of a large-scale cyber-hacking attack connected to the Chinese regime against Microsoft’s email and calendar server. Early last week, Microsoft announced via a blog post that Hafnium, a state-sponsored hacking group operating from China, exploited flaws in its Exchange Server software. Three versions of the software…
PayPal to Buy Israeli Digital Asset Security Provider Curv
PayPal Holdings Inc said on Monday it would buy Israel-based digital asset security provider Curv, as the payments processor looks to strengthen support to cryptocurrencies. The terms of the deal, which is expected to complete in the first half of 2021, were not disclosed. Curv would be part of PayPal’s recently created cryptocurrencies-focused unit. PayPal…
Zoom Founder Eric Yuan Transfers Stock Worth Over $6 Billion
March 8, 2021
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Video-conferencing platform Zoom Video Communications Inc. founder Eric Yuan transferred about 18 million shares worth over $6 billion last week, according to a regulatory filing. The transfers were related to Yuan’s estate planning practices, a Zoom spokesperson said. “The distributions were made in accordance with the terms of Eric Yuan and his wife’s trusts.” Yuan,…
More Than 20,000 US Organizations Compromised Through Microsoft Flaw
WASHINGTON—More than 20,000 U.S. organizations have been compromised through a back door installed via recently patched flaws in Microsoft Corp.’s email software, a person familiar with the U.S. government’s response said on Friday. The hacking has already reached more places than all of the tainted code downloaded from SolarWinds Corp., the company at the heart…
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