Business

China has a “near monopoly” on the mining of many raw materials that are critical for the production of semiconductors and other technologies, JPMorgan said Monday, highlighting the importance of key minerals in the escalating U.S.-China trade war. President Biden upped the ante in the ongoing spat with China last month when he targeted Chinese products including solar cells, EVs,…

Suffering from rising sea levels, some North Carolina homes are literally underwater. Still, the overall waterfront property market is anything but, with price gains far exceeding inland rates even as climate risks threaten to wipe out coastal homes. Last week, a $650,000 beachfront home in North Carolina’s Outer Banks collapsed—the sixth such incident in the region in the past four…

If you’re stumped looking up at the menu of a Chipotle, you can take inspiration from CEO Brian Niccol’s go-to order: a chicken burrito bowl with white rice, fajita veggies, pico de gallo, and “a little” cheese. That’s in addition to an accompanying barbacoa quesadilla and, of course, chips and guac. “It’s probably a little too much food for my…

A record was broken ahead of the Memorial Day weekend for the number of airline travelers screened at U.S. airports, the Transportation Security Administration said Saturday. More than 2.9 million travelers were screened at U.S. airports on Friday, surpassing a previous record set last year on the Sunday after Thanksgiving, according to the transportation security agency. “Officers have set a…

It was a close race, but the wasteland warrior of “Furiosa: A Mad Max Saga” came out slightly ahead of the plump orange cat with an estimated $32 million in ticket sales over the four-day weekend according to studio estimates Monday. “The Garfield Movie,” a Sony release, earned $31.1 million in its first four days. The dust won’t officially settle…

Alcohol-related health complications soared among middle-aged women during the early years of the COVID-19 pandemic, according to a new study that calls for heightened attention to alcohol use disorder risk factors in this subset of the U.S. population. From April 2020 through September 2021, overall hospital visits for alcohol-related conditions spiked beyond what researchers expected, per a study published Friday…

If you have a question about a document, who better to answer it than the document itself? That’s the thinking behind Acrobat AI Assistant, a new tool released by Adobe Monday. For a $4.99 monthly add-on fee, most Adobe Acrobat customers will reportedly be able to ask the tool questions about complicated documents and get responses back based on their…

Silver Lake Management has lined up as much as $8.5 billion of debt financing for its buyout of Endeavor Group Holdings Inc., the talent agency and controlling investor in WWE and the Ultimate Fighting Championship.  JPMorgan Chase & Co. is leading underwriters on a portion of the financing structured as a leveraged loan, according to people with knowledge of the matter. The…

Jamie Dimon said he’s helping Florida make billions of dollars every year, as JPMorgan Chase & Co. expands south. The bank is renovating its offices in Tampa, a Florida city where it has more than 6,000 employees, in a project that will add $210 million to the local economy, Dimon said in his annual shareholder letter.  The bank’s chief executive officer…

In 2006, while his high school classmates were busy with extracurriculars like football, basketball, and other sports “on grassy old fields,” Blair Caldwell was hyper-focused on honing a new passion he discovered his sophomore year while waiting for a ride home from school. Since his parents would pick him up late due to their demanding work schedules, Caldwell would pass…