Toyota Motor Corp. found an instance of improper crash tests in one of its subsidiary companies and suspended shipments, the company said Friday. Toyota subsidiary Daihatsu copied the safety test results for a part of the vehicle, instead of performing new tests, according to the company. It is not clear how the deficiency was initially…
US Will Run Out of Money to Pay Bills by June 8: Goldman Analyst
Alec Phillips, a research chief political economist at Goldman Sachs, expects the United States to have time until June 8 before the country runs out of money to service its payments. Earlier, Treasury Secretary Janet Yellen had said that the X-date—the date when the United States will be unable to pay its bills and thus…
Jeffrey Epstein Blackmailed Bill Gates, Microsoft Co-Founder Says
Sex offender Jeffrey Epstein blackmailed Bill Gates, one of the wealthiest men in the world, the co-founder of Microsoft has said through a spokesperson. “Epstein tried unsuccessfully to leverage a past relationship to threaten Mr. Gates,” a spokeswoman for Gates told the Wall Street Journal. Gates has acknowledged meeting with Epstein, who pleaded guilty to…
Can You Get a Gold Loan? Here’s What You Should Know
If you own physical gold, you have several options for putting it to work toward your financial goals. A gold loan can provide short-term funds if you don’t qualify for unsecured financing or need money quickly for an emergency car repair, medical treatment, or other unexpected expenses. Despite their convenience, gold loans don’t suit every…
Wall Street Opens Flat Amid Debt Limit Talks; Micron Slides
Wall Street’s main indexes opened flat on Monday as markets awaited updates on lawmakers’ talks about raising the U.S. debt ceiling, while shares of Micron fell following China’s ban on its memory chips. The Dow Jones Industrial Average fell 18.09 points, or 0.05 percent, at the open to 33,408.54. The S&P 500 opened lower by…
Instagram Back Up After Global Outage Affecting Thousands of Users
Meta Platform Inc.’s Instagram was back up for most users, the company said on Sunday, after a technical issue that disrupted services to thousands of people had been resolved. “Earlier today, a technical issue caused some people to have trouble accessing Instagram. We resolved the issue as quickly as possible for everyone who was impacted,”…
JPMorgan Expects $3 Billion Income Boost From First Republic Deal
NEW YORK—JPMorgan Chase & Co.’s net interest income would rise by $3 billion this year due to its purchase of failed First Republic Bank, according to a presentation published ahead of its investor day on Monday. The largest U.S. lender agreed to take into its books $173 billion of the failed bank’s loans, $30 billion…
Trump’s Truth Social Sues Washington Post for Over $3 Billion
May 22, 2023
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Former President Donald Trump’s social media company has sued Jeff Bezos-owned The Washington Post for defamation and is seeking $3.78 billion in damages over an article that allegedly harmed Trump’s company’s reputation and caused “enormous loss.” The lawsuit was filed by Trump Media and Technology Group (TMTG), which owns the social media platform Truth Social,…
Dollar Calm as Debt Ceiling Talks to Resume
LONDON—The dollar was steady against the euro and yen on Monday, as U.S. debt ceiling negotiations were set to resume and after Federal Reserve Chair Jerome Powell indicated he favours a meeting-by-meeting approach when it comes to future policy moves. The greenback was down 0.1 percent at 137.85 yen to start the week, having snapped…
Oil Steady as US Default Risk Offsets Demand Outlook
LONDON—Oil prices were steady on Monday as caution relating to U.S. debt ceiling talks dragged on optimism over demand later in the year and offset support from lower supplies from Canada and OPEC+ producers. Brent crude futures rose 13 cents, or 0.2 percent, to $75.71 a barrel by 0850 GMT, while U.S. West Texas Intermediate…
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