When a group of semiconductor companies, including Intel Corp., lobbied Congress to pass the $52 billion chip-stimulus bill earlier this year—one of the biggest federal investments in a private industry—they argued in part that the subsidies and tax breaks would protect American jobs.
But now just months before the funding applications open, the nation’s largest semicond…
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Elon Musk plans to eliminate about 3,700 jobs at Twitter Inc., or half of the social media company’s workforce, in a bid to drive down costs following his $44 billion acquisition, according to people with knowledge of the matter.
Twitter’s new owner aims to inform affected staffers Friday, said the people, who requested anonymity discussing non-public plans. Musk also intends …
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It’s hot out there and getting hotter. The last few weeks have brought some of the highest temperatures on record at great cost to human health and wellbeing. For a moment, the office air conditioning can feel like a refuge from the extremes outside, but it may be time for busine…
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China’s economy was meant to drive a third of global economic growth this year, so its dramatic slowdown in recent months is sounding alarm bells across the world.
Policymakers are bracing for a hit to their economies as China’s imports of everything from construction materials to electronics slide. Caterpillar Inc. says Chinese demand for machines used on building sites is wors…
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The failure of Silicon Valley Bank has become the latest target for conservative politicians and news outlets in their mounting campaign against ESG.
The acronym refers to a form of investing that considers environmental, social and governance risk factors. But in the US, many Republicans have also adopted “ESG” as shorthand for a left-leaning agenda that’s un-American.<…
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Netflix faced immediate backlash in March after announcing that it was going to begin making some subscribers pay an additional fee for sharing their account with users outside their household. The company then said in an April shareholder letter that it lost 200,000 subscribers in the first quarter of 2022 and forecasted greater losses to come. But some users, especially younger ones, are left…
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Bill Gates outlined how he thinks about the risks from artificial intelligence (AI) in a blog post on Tuesday. While Gates remains excited by the benefits that AI could bring, he shared his thoughts on the areas of risk he hears concern about most often.
In the post, titled The risks of AI are real but manageable, Gates discusses five risks from AI in particular. First, AI-generate…
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Jenny Just is a legit self-made billionaire. She won’t say how many billions, but calls a 2022 estimate of one and a half of them “conservative.” You haven’t heard of her, because until now, she’s had no reason to be out in public; with four kids and four companies, she likes to say, she has had plenty to keep her occupied. Plus, rich people often feel safer with a…
Read moreLarry Fink doesn’t want to use the term ESG anymore, and the longtime BlackRock CEO said he is “ashamed” to have been drawn into the political debate over the term. At a quick glance, those comments from Fink made at Aspen Ideas on June 25 might sound like a moment for right wing culture warriors to celebrate. After all, Fink is one of the world’s most influential invest…
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Once thought of as the ugly stepsister to Netflix, Hulu has risen within the streaming ranks to become a powerhouse of original content.
The platform has expanded its television offerings in recent years to include a bounty of buzzy limited series, ranging from literary adaptations like Normal People and Little Fires Everywhere to true-crime hits like The Dropout Read more