In 2022, Elon Musk acquired Twitter, now known as X, stating it was to promote a “digital town square, where a wide range of beliefs can be debated in a healthy manner.” Upon his purchase, Musk loosened content moderation policies and reinstated many previously banned accounts, including that of President Donald Trump. In this excerpt…
Trump and Xi are expected to meet at the Asia-Pacific summit in South Korea later this year. (Source: X) Chinese President Xi Jinping is preparing to press Donald Trump to change long-standing US policy on Taiwan during a planned series of meetings in the coming year, according to a report by The Wall Street Journal….
The Trump administration is developing a policy requiring semiconductor companies to match their domestic chip production with the volume their customers import from overseas, or face tariffs of up to 100%, according to a Wall Street Journal report..Under the proposed rule, chipmakers would need to maintain a 1:1 ratio between US-made semiconductors and imported chips…
The step underscores how billionaire families are shifting from traditional, tightly held operations to corporate-style investment and philanthropy management structures. Amazon founder Jeff Bezos’ father, Mike Bezos, is moving to institutionalize the management of the family’s vast wealth by hiring a Chief Executive Officer (CEO) for their family office, Aurora Borealis, according to a report…
Mike Bezos, the 79-year-old father of Amazon founder Jeff Bezos, is reportedly planning a “massive expansion” of his family office, which manages a fortune worth more than $40 billion and supports family members. According to a report by The Wall Street Journal, he was on the lookout for a CEO to oversee this capital. Chief…
The Rupert Murdoch-owned Wall Street Journal mocked Donald Trump’s passive “sidewalk gawker” reaction to Vladimir Putin’s drones over Poland. While Polish President Karol Nawrocki revealed on X that he had spoken with Trump about Tuesday’s incursion, the president’s only public reaction has been a single post on Truth Social, “What’s with Russia violating Poland’s airspace…
Oracle’s (ORCL) massive backlog for its cloud business stunned Wall Street and cemented the company’s role as a key player in the AI market, lifting hopes that the broader AI-fueled tech rally has more room to run. Oracle said late Tuesday that its “RPO,” or remaining performance obligations, a measure of future revenue from customer…
00:00 Jared And investors are fully pricing in a Fed rate cut next week after weekend weaker-than-expected jobs data. Joining me now, Yahoo Finance Fed correspondent Jennifer Schonberger and Bill Adams, who’s the Comerica Bank chief economist. Jennifer, let’s start with you. Treasury Secretary Scott Besent wrote an op-ed in the Wall Street Journal over…
This article first appeared on GuruFocus. Alibaba (BABA, Financials) is testing a new artificial intelligence chip that could give Chinese firms more options as access to Nvidia hardware remains restricted, the Wall Street Journal reported Friday. The chip is built by a Chinese manufacturer and is more versatile than Alibaba’s earlier AI processor, which had…
Intel no longer has to fulfill certain requirements or meet milestones that it was originally supposed to under the CHIPS Act, now that the government is taking a stake in the company. According to the Wall Street Journal, Intel said in a filing that it can now receive funding from the government, as long as…