After weeks of waiting, President Donald Trump's administration cleared the way for President-elect Joe Biden to transition to the White House, giving him access to briefings and funding even as Trump vowed to continue fighting the election results.
Business & Financial News, U.S & International Breaking News
New Trump rule may require some African tourists to pay up to $15,000 in bonds
The outgoing administration of U.S. President Donald Trump on Monday issued a new temporary rule that could require tourist and business travelers from two dozen countries, most in Africa, to pay a bond of as much as $15,000 to visit the United States.
Tesla defies doubters as builds on rally ahead of S&P 500 debut
Tesla shares rose 6% on Monday, approaching a $500 billion market value and extending gains to 27% since news a week ago that the electric car maker will debut in the S&P 500 in December, forcing index funds to buy billions of dollars of its stock.
Apple's security chief accused of bribery in California gun-permit probe
Apple Inc's security chief on Monday was indicted on bribery charges as prosecutors alleged he promised a donation of 200 iPads to the Santa Clara County Sheriff's Office to secure four concealed-weapon permits for Apple employees.
Fed's Evans sees no rate hikes until late 2023, maybe 2024
Chicago Federal Reserve Bank President Charles Evans said Monday there is still "quite a long ways to go" for the U.S. recovery from the coronavirus crisis, adding that he expects the Fed to keep interest rates at their current near-zero level until perhaps into 2024.
NATO, EU invite Biden to rebuild transatlantic ties
The head of NATO and a top European Union official on Monday invited U.S. President-elect Joe Biden to rebuild transatlantic ties and meet with Washington's European allies next year.
Canadian officer in Huawei CFO's arrest says he did not ask for phone passcodes
A Canadian police officer involved in the arrest of Huawei Chief Financial Officer Meng Wanzhou two years ago in a U.S. extradition case testified on Monday he did not plan to obtain her mobile phone passcodes or search her electronic devices.
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