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South Korea Joins Cryptocurrency Crackdown

South Korea Joins Cryptocurrency Crackdown

South Korea will step up inspections of virtual-currency exchanges and has banned so-called initial coin offerings, following the likes of China, the U.S. and Singapore in tightening cryptocurrency regulation.

Published 8 months ago

Treasury Secretary Steven Mnuchin: GOP Tax Plan Would More Than Offset Its Cost

Treasury Secretary Steven Mnuchin: GOP Tax Plan Would More Than Offset Its Cost

Treasury Secretary Steven Mnuchin said a sweeping GOP tax overhaul would generate more than enough economic growth to offset the cost, pressing the administration’s argument that the plan would pay for itself.

Published 8 months ago

Republican Tax Plan Quickly Hits First Hurdle

Republican Tax Plan Quickly Hits First Hurdle

A day after announcing their ambitious tax plan, Republicans debated scaling back one of their largest and most controversial proposals: repeal of the individual deduction for state and local taxes.

Published 8 months ago

Tom Price to Reimburse Government for Use of Private Jets

Tom Price to Reimburse Government for Use of Private Jets

Health and Human Services Secretary Tom Price announced he would stop traveling on private jets and reimburse the federal government more than $50,000 for his flights.

Published 8 months ago

Whole Foods Discloses Data Breach

Whole Foods Discloses Data Breach

Whole Foods said card-payment information of customers who drank and dined in its taprooms and full-service restaurants has been hacked.

Published 8 months ago

Twitter Says It Found 201 Russia-Linked Accounts That Aimed to Influence U.S. Election

Twitter Says It Found 201 Russia-Linked Accounts That Aimed to Influence U.S. Election

Twitter Inc. told Congress that 201 accounts linked to Russians sought to interfere with the 2016 U.S. presidential election by spreading misinformation.

Published 8 months ago

China Sets Tough Electric-Car Production Target

China Sets Tough Electric-Car Production Target

China will force most car makers in the country to start manufacturing electric vehicles in 2019—a one-year reprieve from an earlier proposal, but still the strongest national initiative yet to spur alternatives to gasoline and diesel cars.

Published 8 months ago

Food, Fuel and Medical Supplies Slowly Distributed Across Puerto Rico

Food, Fuel and Medical Supplies Slowly Distributed Across Puerto Rico

Damaged roads, broken communications and scarce fuel force companies, agencies and relief groups to take drastic steps to restore basic services.

Published 8 months ago

Roku Shares Surge in Trading Debut

Roku Shares Surge in Trading Debut

Roku shares climbed in their trading debut, a welcome sign for the stalled technology IPO market.

Published 8 months ago

Genetic Mutation Made Zika Virus More Dangerous, Study Says

Genetic Mutation Made Zika Virus More Dangerous, Study Says

In a study in the journal Science, a Chinese team identifies a mutation it says gave Zika the ability to disrupt brain development, leading to a condition called microcephaly, in which a baby’s head and brain are abnormally small.

Published 8 months ago

GoPro Unveils New Devices as It Faces Heat From Smartphone Cameras

GoPro Unveils New Devices as It Faces Heat From Smartphone Cameras

GoPro Inc. is betting on two new devices to differentiate itself from the fast-advancing camera technology found in smartphones, and to help it reclaim profitability.

Published 8 months ago

Rock Bottom: The Pain and Shame of a Louisville Basketball Fan

Rock Bottom: The Pain and Shame of a Louisville Basketball Fan

A diehard fan of an iconic basketball program reckons with a devastating scandal

Published 8 months ago

World’s Biggest Oil Company Promised Expats Idyllic Lifestyle—Then Fire Erupted

World’s Biggest Oil Company Promised Expats Idyllic Lifestyle—Then Fire Erupted

Saudi Aramco, which is planning what could be the biggest IPO ever, ignored warnings from its own safety experts about the construction of a compound housing foreign workers and their families. At least 10 people died in the 2015 tragedy.

Published 8 months ago

Chevron Names Michael Wirth Chairman, CEO

Chevron Names Michael Wirth Chairman, CEO

Chevron named Michael Wirth, an engineer and longtime operator of a vast network of refining and pipeline assets, as its next chief executive.

Published 8 months ago

Homeland Security Grants Jones Act Waiver for Puerto Rico

Homeland Security Grants Jones Act Waiver for Puerto Rico

Foreign-flagged ships will be allowed to deliver aid to storm-ravaged Puerto Rico after the Department of Homeland Security waived a law blocking non-U.S.-ships from landing in its port.

Published 8 months ago