Zhongzhi Enterprise Group: Chinese shadow bank files for bankruptcy
The troubled firm reportedly told investors in November its liabilities had outstripped its assets.
The troubled firm reportedly told investors in November its liabilities had outstripped its assets.
A trade group representing some of the largest social media platforms including Facebook, Instagram, TikTok and X is suing Ohio after the state enacted a law that requires children under the age of 16 to get their parents’ consent before opening an account. The NetChoice trade group wants the US District Court for the Southern…
California energy officials have voted to extend the operation of the Diablo Canyon Power Plant through 2030, extending the life span of the state’s last nuclear plant an additional five years. The California Public Utilities Commission approved a proposal to keep Diablo Canyon’s twin reactors online, overturning an earlier agreement to close the plant in…
Almost exactly one year ago, NuScale Power made history as the first of a new generation of nuclear energy startups to win regulatory approval of its reactor design ― just in time for the Biden administration to begin pumping billions of federal dollars into turning around the nation’s atomic energy industry. But as mounting costs…
Comment on this storyComment Add to your saved stories Save I’m frequently asked for a budgeting app recommendation. “What do you use?” people want to know. This question always takes me back to Big Mama, my mom’s mom. My grandmother could tell you to the penny how much she had coming in and going out….
Boeing CEO Dave Calhoun said the company acknowledges “our mistake,” after a door plug on a 737 Max 9 blew out in the middle of an Alaska Airlines flight, creating a gaping hole in the fuselage and prompting a grounding of that aircraft type by federal regulations. The Federal Aviation Administration grounded the 737 Max…
If you’re a fan of techno-hype, 2023 was the year for you. Believers felt themselves validated by seeing excitement and fear about AI chatbots reach previously untouched heights. Skeptics may have felt initially confounded by the rollout of driverless robotaxis in San Francisco and a few other cities, but ultimately validated when they were ordered…