ZidiBlog

Trump threatens Fed chair Powell with 'major lawsuit' over HQ renovation cost - CNBC

President Donald Trump on Tuesday threatened to allow a "major lawsuit" against Federal Reserve Chairman Jerome Powell to go forward, dramatically escalating his efforts to pressure the central bank …

China tells Alibaba, ByteDance to justify purchases of Nvidia AI chips - Ars Technica

Move comes after negotiating an export agreement with the US.

Mercedes CEO Warns Europe's Car Industry Could Collapse: 'We Need a Reality Check' - Motor1.com

Only a few years ago, Mercedes-Benz was confident about going all-in on electric vehicles in Europe. In 2021, it projected that by the end of the decade, it would stop selling cars with combustion en…

Spirit Airlines warns it may not survive another year after huge losses - Business Insider

Spirit Airlines has warned investors that it may go out of business, just months after exiting bankruptcy. In a quarterly report filed with the Securities and Exchange Commission on Monday, it said …

Show me the Monet: artwork among just $255mn of assets recovered after Evergrande default - Financial Times

133-year old Kodak says it might have to cease operations - CNN

Eastman Kodak, the 133-year-old photography company, is warning investors thats it might not survive much longer. In its earnings report Monday, the company warned that it doesnt have committed fina…

Circle to launch Layer 1 blockchain Arc using USDC stablecoin as native gas token - The Block

Fresh off the back of its blockbuster $1.2 billion IPO in June, Circle unveiled plans for its own stablecoin-focused Layer 1 blockchain, Arc, on Tuesday, expected to launch on public testnet this fal…

Spirit Airlines raises doubts about its ability to stay in business, months after exiting bankruptcy - CNN

Spirit Airlines has warned of going-concern doubts, just months after emerging from bankruptcy as weak domestic demand and dwindling cash reserves strain its operations. Adverse market conditions su…