Congress Is Close to a TikTok Ban. These Companies Could Be Next.
The law would give the president to act against some companies controlled by countries the U.S. has labeled “foreign adversaries.”
Intel Corp (NASDAQ:INTC) Intel has partnered with 14 Japanese companies, including Omron and Yamaha Motor, to develop automation technologies for back-end semiconductor processes like packaging. Under the leadership of Kunimasa Suzuki, who heads Intel’s operations in Japan, this consortium plans to allocate tens of billions of yen—potentially over 10 billion yen ($65 million)—to achieve operational technology by 2028. The focus is to enhance the traditionally labor-intensive back-end steps, such
Fed Chairman Powell made some of the right moves, but failed the delayed gratification test and signaled that he would lower rates. Why? He bowed to political pressure, of course.
Social Security payments may be subject to cuts. Here's what the timing looks like.
WASHINGTON (Reuters) -Republican presidential candidate Donald Trump vowed to reverse dozens of the Biden administration's environmental rules and policies at a meeting with top U.S. oil executives, where he also asked them to raise $1 billion for his presidential campaign, the Washington Post reported on Thursday. The Post, citing unidentified sources familiar with the meeting last month in Florida, said Trump promised to end President Joe Biden's emissions rules aimed at promoting electric vehicles and halt the Biden administration's freeze on permits for new liquefied natural gas exports, among other actions.
WASHINGTON (Reuters) -U.S. Commerce Secretary Gina Raimondo said Wednesday a Chinese invasion of Taiwan and seizure of chips producer TSMC would be "absolutely devastating" to the American economy. Asked at a U.S. House hearing about the impact, Raimondo said "it would be absolutely devastating," declining to comment on how or if it will happen, adding: "Right now, the United States buys 92% of its leading edge chips from TSMC in Taiwan." TSMC declined to comment.
Gamblers who play slot machines may soon be able to win more money before the Internal Revenue Service takes notice — and it could be the recent stretch of hot inflation that melts away some longstanding rules around gambling and taxes.
(Bloomberg) -- Newmont Corp. has no plans to expedite a decision on its $2.5 billion Yanacocha Sulfides project, dashing the Peruvian government’s hopes of a forthcoming announcement. Most Read from BloombergMicrosoft’s Xbox Is Planning More Cuts After Studio ClosingsAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackStormy Daniels Will Return to Court in Test of Trump’s DemeanorTrump Judge Indefinitely Postpones Documents Case TrialPeru’s Energy and Mines Minister Romulo Mucho
President Biden made a trip to the swing state of Wisconsin on Wednesday with two goals: tout an AI investment from Microsoft and highlight a past failure from Donald Trump.
(Bloomberg) -- Initial applications for US unemployment benefits rose last week to the highest level since August, coinciding with a recess at New York City public schools.Most Read from BloombergMicrosoft’s Xbox Is Planning More Cuts After Studio ClosingsAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t Track‘Seriously Underwater’ Home Mortgages Tick Up Across the USArm Slides as Tepid Outlook Fuels Concerns Over AI SlowdownInitial claims increased by 22,000 to 231,000 in the week
(Bloomberg) -- Hong Kong called it “unbelievable” when Google rebuffed its 2022 request to bury a popular protest song from search results. Now armed with an injunction, authorities are putting legal pressure on the tech firm to wipe it from the city’s internet.Most Read from BloombergMicrosoft’s Xbox Is Planning More Cuts After Studio ClosingsAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t Track‘Seriously Underwater’ Home Mortgages Tick Up Across the USArm Slides as Tepid Outlook