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Money & Markets

Scrutiny of Tesla crash a sign that regulation may be coming

DETROIT — The fiery crash of a Tesla near Houston with no one behind the wheel is drawing scrutiny from two federal agencies that could bring new regulation of electronic systems that take on some driving tasks. The National Highway Traffic Safety Administration and the National ...

US setting up $1.7B national network to track virus variants

WASHINGTON — The U.S. is setting up a $1.7 billion national network to identify and track worrisome coronavirus mutations whose spread could trigger another pandemic wave, the Biden administration announced Friday. White House officials unveiled a strategy that features three components: a ...

Equal pay bill passed by House but faces long odds in Senate

WASHINGTON — House Democrats approved legislation Thursday that they say would help close the gap between what men and women are paid in the workplace, though the measure faces little chance of overcoming Republican opposition in the Senate. The bill, which is supported by President Joe ...

Ponzi schemer Bernie Madoff dies in prison at age 82

NEW YORK — Bernard Madoff, the infamous architect of an epic securities swindle that burned thousands of investors, outfoxed regulators and earned him a 150-year prison term, died behind bars early Wednesday. He was 82. Madoff’s death at the Federal Medical Center in Butner, North ...

Business leaders urge Biden to set ambitious climate goal

WASHINGTON — More than 300 businesses and investors, including such giants as Apple, Google, Microsoft and Coca-Cola, are calling on the Biden administration to set an ambitious climate change goal that would cut U.S. greenhouse gas emissions by at least 50% below 2005 levels by 2030. The ...

Microsoft buying speech recognition firm in $16B deal

Microsoft, on an accelerated growth push, is buying speech recognition company Nuance in a deal worth about $16 billion. The acquisition will get Microsoft deeper into hospitals and the health care industry through Nuance’s widely used medical dictation and transcription tools. Microsoft ...