Photo: Jose Luis Gonzalez (Reuters) For many, hearing the name Foxconn immediately brings to mind iPhone production. It’s true, the Taiwanese company is a major producer of Apple’s smartphones and other products. But it also makes something companies like Nvidia, Amazon, and more are in high demand of: AI-related hardware. And Big Tech companies in … Read more
NEW YORK (AP) — U.S. stocks are rising Thursday following a three-day lull. The S&P 500 was 0.6% higher in early trading. It’s on track for its first gain since setting an all-time high last week on Thursday, but all its movements since then have been relatively modest. Is Bitcoin a good speculative investment? The … Read more
Screenshot: TikTok / Gizmodo Congressman Jeff Jackson’s latest TikTok video starts simply: “I apologize.” Last week, the House of Representatives passed a bill that could ultimately ban TikTok from the US. For many, it turned Jackson into enemy number one. The North Carolina Democrat spent the last year amassing 2.3 million followers on TikTok, leveraging … Read more
Apple has added another artificial intelligence firm to its portfolio as it furthers its push forward with AI technology. How AI is changing videoconferencing | What’s Next for Zoom? The iPhone and Macbook maker acquired DarwinAI, a Waterloo, Ontario-based AI startup earlier this year, with dozens of employees joining Apple’s AI division, Bloomberg reported. The … Read more
Image: Laura Bratton, Photos: Post Consumer Brands (press release), Justin Sullivan (Getty Images) Rappers Snoop Dogg and Master P may have already made their mark in hip hop, but their real dream was to make cereal. Yes, cereal. Or at least that’s what the two performers (who are worth $160 million and $200 million, respectively) … Read more
Tesla CEO Elon Musk and noted diversity skeptic Ben Shapiro.Photo: Klaudia Radecka/NurPhoto via Getty Images (Getty Images) Tesla’s annual shareholder report is out. It includes a bunch of growing numbers: Almost $100 billion in revenue, more than 1.8 million cars delivered to customers, more than 140,000 employees. But one thing that isn’t increasing in size, … Read more
More than 250 billionaires and millionaires have signed on to an open letter calling for wealth taxes to pay for public services around the world. “If elected representatives of the world’s leading economies do not take steps to address the dramatic rise of economic inequality, the consequences will continue to be catastrophic,” the letter writes. … Read more
Starbucks has officially opened electric vehicle charging stations at 15 locations on the thousand-mile stretch between Denver, Colorado and Seattle, Washington, as part of its partnership with Swedish automaker Volvo. The 50 Volvo charging stations, at Starbucks stores in Colorado, Utah, Idaho, Oregon, and Washington, will recharge any electric car with a CCS1 or CHAdeMO … Read more
NEW YORK (AP) — Wall Street’s third straight winning week came to a quiet close Friday, as stocks tacked a whisper more onto their sizzling gains for November so far. How to save money on groceries | Your Wallet The S&P 500 edged up by 5.78 points, or 0.1%, to 4,514.02 and is near its … Read more
With mixed signals from the US economy, the Federal Reserve is in wait-and-see mode. But America’s billionaires are decidedly more panicked. Do they know something the rest of us don’t? How to prepare for the coming recession | Smart Investing The latest billionaire to sound a warning is Duquesne Family Office founder Stanley Druckenmiller, who … Read more