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NEW YORK — Reddit soared in its Wall Street debut as investors pushed the valued of the company close to $9 billion seconds after it began trading on the New York Stock Exchange. Reddit, which priced its IPO at $34 a share, debuted Thursday afternoon at $47 a share. The going price has climbed even higher
DetailsWashington — The U.S. Department of Justice on Thursday sued Apple, the first major antitrust effort against the iPhone maker by the Biden administration, alleging it monopolized smartphone markets. Apple joins a list of major tech companies sued by U.S. regulators, including Alphabet’s Google, Meta Platforms and Amazon.com across the administrations of both former President
DetailsNew York — President Joe Biden’s administration announced Wednesday revised pollution standards for cars and trucks meant to accelerate the U.S. auto industry’s shift to electric to mitigate climate change. The rules set ambitious emission reductions for 2032 but are moderated somewhat compared with preliminary standards unveiled last April. Following carmaker criticism, the final rules give
DetailsWashington — The initial backlash came quickly. Within hours of last week’s vote in the House of Representatives approving legislation that could lead to a ban of the popular TikTok app in the United States, anger and outrage poured onto multiple social media platforms. Some of the anger targeted U.S. lawmakers who supported the bill. Some
DetailsWashington — The Biden administration has reached an agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans for computer chip plants in Arizona, Ohio, New Mexico and Oregon. President Joe Biden plans to talk up the investment on Wednesday as he visits Intel’s campus in Chandler, Arizona, which
Detailswashington — The U.S. House of Representatives passed a bill March 13 that, if enacted into law, would give ByteDance, the Chinese owner of the TikTok social media app, 180 days to divest its U.S. assets or face a ban over concerns about national security, including Beijing’s ability to access Americans’ private information through the company ByteDance
DetailsWashington — The US Supreme Court was hearing arguments on Monday in a social media case involving free speech rights and government efforts to curb misinformation online. The case stems from a lawsuit brought by the Republican attorneys general of Louisiana and Missouri, who allege that government officials went too far in their efforts to get
DetailsAfter the Apollo program ended, the US took a long hiatus from lunar exploration. What happened during this time, and what has NASA been doing? This documentary by the Voice of America’s Russian service explores the multiple attempts to return to the Moon, the space developments that laid the foundation for future concepts, and the
DetailsWashington — The U.S. Treasury Department unveiled sanctions against a network of companies and individuals for facilitating illegal technology transfers from dozens of U.S. firms to Iranian entities, including the country’s central bank. The sanctions relate to Informatics Services Corporation (ISC), the technology arm of the Central Bank of Iran (CBI), the Treasury Department said in
DetailsThe White House is urging senators to quickly begin considering a bill that would address national security concerns related to the social media app TikTok. The House approved the measure earlier this week. VOA Congressional Correspondent Katherine Gypson reports. Camera: Saqib Ul Islam. …
Detailswashington — Chinese drone maker DJI is expanding in the U.S. with its first flagship store in New York City amid allegations of links to human rights abuses and ties to China’s military. DJI’s “first concept” North American store on New York’s Fifth Avenue welcomes customers into a futuristic, minimalist space to shop. The company describes
DetailsBOCA CHICA, Texas — SpaceX’s Starship, a futuristic vehicle designed to eventually carry astronauts to the moon and beyond, was poised for a third uncrewed test launch Thursday that Elon Musk’s company hopes will carry it farther than before, even if it ends up exploding once again in flight. The spacecraft, mounted atop its towering Super
DetailsThe U.S. House of Representatives passed a bill Wednesday that would force short-video app TikTok, used by about 170 million Americans, to separate from its Chinese owner, ByteDance, or face a ban. VOA Congressional Correspondent Katherine Gypson says the Senate may not approve the bill. …
DetailsTokyo — A rocket made by a Japanese company exploded just after launch on Wednesday, with public broadcaster NHK showing footage of the fiery failure. Tokyo-based startup Space One had been aiming to become the first Japanese private firm to successfully place a satellite into orbit. Its 18-meter solid-fuel Kairos rocket blasted off from the startup’s
DetailsScientists in Alaska are developing a cloud-based approach to storing and analyzing data about volcanoes, in hopes of increasing the speed with which they can predict eruptions. Phil Dierking has our story. (Camera and Produced by: Philip Dierking) …
DetailsWASHINGTON — The U.S. House of Representatives is expected to approve legislation Wednesday that would force the popular TikTok video app to either separate from its Chinese-owned parent company ByteDance or sell the U.S. version of the software. The bipartisan Protecting Americans from Foreign Adversary Controlled Applications Act “gives TikTok six months to eliminate foreign adversary
DetailsTaipei — During China’s top legislative meetings this year, which wrapped up Monday, Chinese leader Xi Jinping ordered the military to develop what he called “new quality combat capabilities,” a phrase analysts say highlights a focus on the use of artificial intelligence, high-tech and intelligent warfare. It also could signal, they say, plans to build forces
DetailsOnce used mainly by law enforcement, ordinary citizens now have access to smaller, cheaper versions of body cameras to help them feel safe in dangerous situations. Julie Taboh shows us how in this week’s episode of LogOn. …
DetailsNEW YORK — Former President Donald Trump said Monday that he still believes TikTok poses a national security risk but is opposed to banning the hugely popular app because doing so would help its rival, Facebook, which he continues to lambast over his 2020 election loss. Trump, in a call-in interview with CNBC’s “Squawk Box,” was
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