Bourbon distillers face big tax bills and higher tariffs after a record year for production
In addition to barrel taxes, Kentucky distillers are set to pay $300 million in state and local taxes and $1.8 billion in federal excise taxes on alcohol.
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GM-backed Cruise targets 1 million self-driving vehicles by 2030
Cruise, General Motors' majority-owned autonomous vehicle subsidiary, is targeting a fleet of at least 1 million self-driving vehicles by 2030.
George Soros' fund owns bitcoin, CEO confirms
Soros Fund Management, the asset management company founded by billionaire investor and philanthropist George Soros, has revealed it owns bitcoin.
How a U.S. steel shortage created a market bubble
The pandemic threw supply chains into chaos, and steel — an essential metal used in everything from dishwashers to cars — was not immune to these disruptions.
Senate GOP leader McConnell offers short-term debt ceiling extension following pressure from Biden
President Joe Biden and Democratic leaders in Congress amped up pressure on Republicans to act on the debt limit.
Meetings like Biden-Xi summit may be only way forward for U.S. and China, former Obama advisor says
U.S. President Joe Biden and Chinese President Xi Jinping could hold a virtual summit by the end of this year.
GM says it will double annual revenue by 2030 to $280 billion in digital push to be seen more like Tesla
GM kicks off the first of a two-day investor meeting where it will detail exactly how it will grow revenue and profit margins.
Havana Syndrome: ‘Attacks have stepped-up in their brazenness,’ says national security expert
Frank Figliuzzi calls for greater coordination to combat the growing number of mysterious soundwave attacks against Americans dubbed “Havana Syndrome.”
CDC director warns the U.S. is at risk of a severe flu season this year
Walensky urged Americans to get vaccinated for both Covid and the flu, saying vaccinations are not just important for ending the pandemic.
Long Covid now has a formal definition. Here’s what you need to know
Health experts say long Covid is clearly of public health concern, given the substantial impact it has on society.
Twitter sells MoPub mobile ad network to AppLovin for $1.05 billion
Twitter on Wednesday said its selling it MoPub mobile advertising network to game developer AppLovin for $1.05 billion in cash.
Affirm shares surge 20% after online lender partners with Target ahead of holiday shopping season
Affirm's buy now, pay later service is gaining traction among a growing number of large retailers as more commerce shifts online.
10-year Treasury yield is above 1.5% after stronger-than-expected ADP jobs report
Data showed companies hired at a faster than expected pace in September despite worries over the Covid delta variant.
Latin America and Caribbean Islands have vaccinated just 37% of populations against Covid, WHO officials say
Canada, Chile and Uruguay have each fully vaccinated over 70% of their population against Covid, while the U.S. and other countries have immunized 50% or more.
Big bank bosses and AARP join Biden's push to raise the debt ceiling with 12 days before deadline
President Joe Biden will on Wednesday escalate his call for Congress to address the debt limit in a meeting with Wall Street's top CEOs.
Supreme Court asks U.S. if Guantanamo inmate can testify on torture in state secrets case
Supreme Court justices asked if the U.S. would allow a Guantanamo Bay detainee to testify about his alleged torture and confinement by the CIA.
NASA moves two astronauts off delayed Boeing missions to SpaceX in rare reassignment
NASA moved a pair of astronauts off of Boeing's first two crewed missions, in a rare reassignment as the Starliner capsule remains delayed in development.
Hacker breaches Amazon's Twitch video site, exposing future product plans
The hacker exposed details on payments to content creators and an unreleased product from Amazon Game Studios.
Default would threaten national security, keep troops from getting paid, Pentagon chief says
Defense Secretary Lloyd Austin on Wednesday warned he won't be able to ensure troops receive their pay on time if the U.S. defaults.
Will DC actually regulate Facebook following the child safety concerns?
Leaked documents from a Facebook whistleblower could help some tech legislation get over the finish line, lawmakers said.
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