Tag Archives: united states

Biden signs China competition bill to boost U.S. chipmakers

[ The stream is slated to start at 10 a.m. ET. Please refresh if you do not see a player above at that time.] President Joe Biden on Tuesday signed a bipartisan bill that aims to strengthen U.S. competitiveness with China by investing billions of dollars in domestic semiconductor manufacturing …

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Micron to invest $40 billion in U.S. chip manufacturing

Sanjay Mehrota, CEO, Micron Scott Mlyn | CNBC Micron announced Tuesday it will invest $40 billion between now and 2030 to manufacture chips in the U.S. The investment is supported by grants and credits from the CHIPS and Science Act, which President Joe Biden will sign on Tuesday. Micron said …

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Tornado Cash crackdown by Treasury punishes honest crypto investors

A tornado is seen on a field in D’arcy, Saskatchewan, Canada June 15, 2021. Neil Serfas | via Reuters The Treasury Department’s crackdown on Tornado Cash was meant to stop criminals. But a lot of ordinary crypto investors with honest intentions are now at risk. “Every U.S. person is going …

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Crypto mixing service Tornado Cash blacklisted by Treasury Department

The U.S. Department of Treasury on Monday sanctioned the popular cryptocurrency mixer Tornado Cash, banning Americans from using a service that the government said, “launders the proceeds of cybercrimes.” “Despite public assurances otherwise, Tornado Cash has repeatedly failed to impose effective controls designed to stop it from laundering funds for …

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How SolarEdge plans to grow market share in Europe

SolarEdge shares tumbled this week after the company’s second-quarter results showed a hit to margins from factory closures, higher transport costs and currency headwinds from the weakening Euro. But SolarEdge CFO Ronen Faier said lower margins now is the price to be paid for long-term growth in a market where …

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Critical tech policy issues likely tabled as Congress heads for recess

U.S. House Speaker Nancy Pelosi shakes hands with Senate Majority Leader Chuck Schumer at the start of a discussion with historians on how to “establish and preserve the narrative of January 6th” on the one-year anniversary of the attack on the Capitol in Washington, January 6, 2022. Al Drago | …

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DoorDash (DASH) earnings Q2 2022

DoorDash delivery person Source: DoorDash DoorDash reported second-quarter results after the bell Thursday that beat Wall Street’s revenue expectations but showed a greater loss per share than anticipated. Shares of DoorDash popped 18% in after-hours trading. Here’s how the company did: Loss per share: 72 cents vs. 41 cents expected …

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Brittney Griner: WNBA star sentenced to 9 years in Russian jail for drug-smuggling

CNN  —  American women’s basketball star Brittney Griner was convicted of deliberately smuggling drugs into Russia and sentenced to nine years of jail time Thursday in a case that has raised concerns she is being used as a political pawn in Russia’s war against Ukraine. Judge Anna Sotnikova of the …

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Pelosi Taiwan visit puts TSMC back in spotlight of U.S.-China rivalry

Taiwan Semiconductor Manufacturing Company (TSMC) is the biggest contract chipmaker in the world. But it has been thrust in the middle of U.S.-China geopolitical tensions. logo displayed on the screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Images U.S. House Speaker Nancy Pelosi may have left Taiwan but the …

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2020 changed economy in ways we can’t understand yet

In an earnings call Wednesday morning, Yum Brands CEO David Gibbs expressed the confusion many people are feeling as they try to figure out what’s going on with the U.S. economy right now: “This is truly one of the most complex environments we’ve ever seen in our industry to operate …

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