Finance

US penalizes two Chinese companies that acquired tools for chipmaker SMIC

US penalizes two Chinese companies that acquired tools for chipmaker SMIC

By Karen Freifeld (Reuters) -The United States on Friday penalized two Chinese firms that acquired U.S. chipmaking equipment for China’s top chipmaker SMIC, including them among 32 entities...

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Stocks are at record highs. These 2 things could derail the rally.

Stocks are at record highs. These 2 things could derail the rally.

Traders work on the floor of the NYSE in New YorkReuters The stock market faces two risks that could cause its record rally to stumble, Goldman Sachs said. The bank pointed to the risk t...

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Trump, Union Pacific CEO Discussed $72 Billion Acquisition of Norfolk Southern

Trump, Union Pacific CEO Discussed $72 Billion Acquisition of Norfolk Southern

(Bloomberg) — Union Pacific Corp.’s chief executive officer discussed the railroad’s proposed $72 billion acquisition of rival Norfolk Southern Corp. with President Donald Trump as the compa...

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US Urges G-7 Sanctions on Russia Oil as Trump Loses Patience

US Urges G-7 Sanctions on Russia Oil as Trump Loses Patience

(Bloomberg) — The US will urge its allies in the Group of Seven to impose tariffs as high as 100% on China and India for their purchases of Russian oil in an effort to convince Preside...

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Nikola agrees to $83M SEC settlement

Nikola agrees to $83M SEC settlement

The collapse of zero-emission truck developer Nikola Corporation has culminated in a liquidation plan that includes an $83 million settlement with the U.S. Securities and Exchange Commission. Cou...

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