Business

Senate Confirms Kevin Warsh as New Fed Chair

Business The Epoch Times -
Kevin Warsh will officially become the new head of the Federal Reserve. The Senate voted 54–45 to confirm Warsh’s four-year term as the 17th Fed chair.

Kevin Warsh Cleared by Senate for 14‑Year Fed Board Seat

Business The Epoch Times -
The U.S. Senate voted 51–45 to approve Kevin Warsh’s nomination to a 14-year term on the central bank’s board on May 12, joining six other members.
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Amazon Rolls Out 30-Minute Delivery as Retail Speed Race Intensifies

Business The Epoch Times -
Big retailers are racing to cut delivery times as shoppers grow more accustomed to on-demand convenience. Amazon is rolling out...

Ford Targets Mass-Market EVs in Direct Challenge to China

Business The Epoch Times -
Ford, the company that brought the automobile to the masses by making it affordable, appears to be seeking to replicate that success by making low-priced electric vehicles, in a head-to-head competition against Chinese electric vehicle (EV) makers.

SpaceX to Spend at Least $55 Billion on Texas Chip Project

Business The Epoch Times -
SpaceX has unveiled the estimated cost of its planned semiconductor manufacturing facility in Grimes County, Texas.

Dow Jones Eyes 50,000 Again as Blue-Chip Index Rises 500 Points

Business The Epoch Times -
The popular blue-chip Dow Jones Industrial Average could soon hit 50,000 again for the first time since February as U.S. stocks keep shrugging off Iran war.

UnitedHealthcare Trims Prior Authorization Requirements by 30 Percent Across Services

Business The Epoch Times -
UnitedHealthcare will cut prior authorization requirements by 30% to streamline care, reduce delays, and ease access to services for patients.

Spirit Airlines Shuts Down After Rescue Efforts Fall Short

Business The Epoch Times -
All flights have been canceled as Spirit halts operations, bringing a major U.S. budget airline to a sudden end after months of restructuring.
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