Taiwanese Chipmaker TSMC to Build $12 Billion Semiconductor Factory in Arizona
Taiwan Semiconductor Manufacturing Company (TSMC) has announced plans to invest $12 billion in a new semiconductor manufacturing plant in Arizona. The decision to build this facility is a strategic move to address growing U.S. national security concerns and shift more…
Elon Musk Criticizes Stay-at-Home Orders During Tesla Earnings Call
In a highly charged moment during Tesla’s recent earnings call, CEO Elon Musk vehemently criticized the ongoing stay-at-home orders, which he believes are threatening the company’s momentum and the broader economy. Musk, who has never been shy about expressing his…
Why Oil Futures Dropped Below Zero for the First Time Ever
In an extraordinary turn of events, oil futures plummeted below zero for the first time in history, highlighting the devastating economic consequences of the coronavirus pandemic. The sharp decline occurred as traders scrambled to avoid taking physical delivery of crude…
Small Business Owners Sue Major Banks Over Alleged PPP Loan Bias
Small business owners are suing several major banks, including Bank of America, JPMorgan Chase, U.S. Bank, and Wells Fargo, accusing the financial institutions of unfairly prioritizing larger loan applications under the Paycheck Protection Program (PPP). The plaintiffs allege that the…
JPMorgan CEO Jamie Dimon Undergoes Emergency Heart Surgery
JPMorgan Chase announced that Chief Executive Officer Jamie Dimon has undergone emergency heart surgery after experiencing an acute aortic dissection. The serious condition, which involves a tear in the aorta, was detected early, and the surgery was successful. Dimon, 63,…
Elon Musk: Bringing the Culture Wars to AI
It was inevitable that artificial intelligence (AI) would become the latest battleground in the culture wars. Since the debut of ChatGPT in late 2022, Elon Musk has been vocal on social media about his concerns over what he calls “Woke…
Jack Welch, Legendary GE CEO, Dies at 84
Jack Welch, the business mogul who transformed General Electric (GE) into one of the world’s most influential companies, passed away at 84. His death, confirmed by CNBC on Monday, was a profound moment for the business world that had long…
Big Business Backs Carbon Tax: A Viable Solution to Climate Change?
A growing coalition of major corporations has joined the call for a carbon tax to combat climate change, with financial giant J.P. Morgan Chase & Co. adding its voice this week. The endorsement is part of an effort led by…
Warren Buffett Divests from Newspaper Industry After Declaring It ‘Toast’
Warren Buffett is officially exiting the newspaper business, a sector that he once saw as a promising investment. Berkshire Hathaway Inc., his conglomerate, has agreed to sell its BH Media Group, which owns 30 daily newspapers, to Lee Enterprises Inc….
Huawei Among 20 Chinese Companies Identified by Pentagon as Linked to China’s Military
In a significant move, the U.S. Department of Defense has added Huawei Technologies and Hangzhou Hikvision Digital Technology to a list of 20 companies it claims are either owned or controlled by China’s military. This action could trigger new sanctions,…
Verizon Suspends Facebook and Instagram Ads Over Disinformation Concerns
Verizon Communications Inc. has announced it is halting its advertising on Facebook and Instagram, citing concerns over the platforms’ handling of hate speech and disinformation. The telecom giant, one of the largest advertisers to join the movement, expressed dissatisfaction with…
Oracle Employees Protest Larry Ellison’s Trump Fundraiser with Walk-Out
Oracle Corporation, a prominent tech stalwart, found itself at the center of employee activism this week as about 300 workers walked out in protest of Chairman Larry Ellison’s fundraiser for President Donald Trump. The walk-out, dubbed “No Ethics/No Work,” occurred…