Kevin Frayer Baidu’s (NASDAQ:BIDU) stock jumped about 10% in Hong Kong on Wednesday after Beijing authorities said on Tuesday that they will support the introduction of robotaxis in ride hailing and car rental fleets in the city, Bloomberg News reported. In China, Baidu’s operates robotaxi Apollo Go, whose sixth generationContinue Reading
By Hannah Lang (Reuters) – The U.S. Treasury Department finalized a rule on Friday requiring cryptocurrency brokers, including exchanges and payment processors, to report new information on users’ sales and exchanges of digital assets to the Internal Revenue Service. The new requirements aim to crack down on crypto users whoContinue Reading
(Reuters) – A federal judge ruled late Friday that the majority of a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance, the world’s largest cryptocurrency exchange, can proceed. The decision by Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia dealsContinue Reading
Boeing (NYSE:BA) could lose its status as a party to the probe into the Alaska Airlines flight 1282 door plug blow-out, the National Transportation Safety Board (NTSB) warned on Thursday. In a letter sent to Boeing CEO Dave Calhoun, NTSB Office of Aviation Safety Director Timothy LeBaron hit back atContinue Reading
Douglas Rissing The Supreme Court rejected the Securities and Exchange Commission’s use of in-house proceedings in cases the regulator brings against investors accused of securities fraud. “A defendant facing a fraud suit has the right to be tried by a jury of his peers before a neutral adjudicator,” Chief JusticeContinue Reading
