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Biden: Silicon Valley Bank Investors Will ‘Lose Their Money’

March 13, 2023 - 11:46 amMarch 13, 2023 - 11:12 am by Nick R. Hamilton

President Joe Biden has said that investors in the collapsed Silicon Valley Bank will “lose their money” because “that’s how capitalism works.”

Categories Economy Tags Banking Crisis, Banks, Biden, Business, News, Signature Bank, Silicon Valley Bank 10 Comments

Taxpayer Funding for Ford’s New Battery Plant Rejected by Michigan State Legislators

March 12, 2023 - 11:12 am by Nick R. Hamilton

A plan to use taxpayer money to help fund the new Ford electric vehicle battery plant in Michigan has been rejected by state legislators.

Categories Economy Tags Business, Electric Vehicles, Ford, Michigan, News, Taxpayers 3 Comments

Dutch Government Blocks Chinese Government from Access to Key Semiconductor Technology

March 11, 2023 - 12:57 pmMarch 11, 2023 - 10:12 am by Nick R. Hamilton

The Dutch government agreed to block the Chinese Communist Party (CCP) from gaining access to chip manufacturing technology.

Categories Economy Tags Business, China, News 3 Comments

U.S Economy Adds 311,000 New Jobs as Labor Growth Continues

March 10, 2023 - 1:33 pmMarch 10, 2023 - 10:12 am by Nick R. Hamilton

The U.S. economy added 311,000 new jobs in February, according to the latest figures.

Categories Economy Tags Business, Employers, Jobs, News, Workers 2 Comments

Elon Musk Responds after FTC Makes 350 Demands for Internal Twitter Information

March 9, 2023 - 10:13 am by Nick R. Hamilton

The Federal Trade Commission (FTC) has allegedly demanded that Elon Musk hands over internal information about Twitter.

Categories Economy Tags Business, Elon Musk, FTC, News, Twitter 8 Comments

Biden Admin Reverses Course, Gives Congress Green Light to Pass Bill Banning TikTok

March 9, 2023 - 10:51 amMarch 9, 2023 - 10:06 am by Nick R. Hamilton

President Joe Biden’s administration has reversed course this week by announcing that it would support a Senate bill to outlaw the Chinese app TikTok in the United States.

Categories Economy Tags Biden TikTok, Business, News, Senate 4 Comments

Congress Tackles ChatGPT amid AI Revolution

March 9, 2023 - 11:10 amMarch 9, 2023 - 6:09 am by Nick R. Hamilton

This week, senators and representatives have held separate hearings regarding the perils and promises of artificial intelligence (AI).

Categories Economy Tags Artificial Intelligence, Business, ChatGPT, Congress, News, tech Leave a comment

Senior Intelligence Official Warns of TikTok’s Influence on American Children

March 8, 2023 - 11:37 amMarch 8, 2023 - 10:06 am by Nick R. Hamilton

U.S. National Security Agency Director Paul Nakasone has warned that the Chinese Communist Party-linked social media app TikTok is influencing American children.

Categories Economy, News Tags Business, China, Chinese Communist Party, National Security, News, Paul Nakasone, Spying, TikTok Leave a comment

Railroad Offers Temporary Help to East Palestine Residents Impacted by Toxic Train Derailment

March 7, 2023 - 1:08 pmMarch 7, 2023 - 10:06 am by Nick R. Hamilton

Norfolk Southern Railway, the railroad company that owns the train that derailed in Ohio last month, has offered temporary help to the residents of East Palestine who are impacted by the toxic disaster.

Categories Economy Tags Business, East Palestine, News, Norfolk Southern Leave a comment

Fed’s Logan Warns Financial System Vulnerable to Bond Stress, Bostic Open to Rate Hikes

March 6, 2023 - 11:15 am by Nick R. Hamilton

America’s financial system is vulnerable to stress in the government bond market, Federal Reserve Bank of Dallas President Lorie Logan has warned.

Categories Economy Tags Business, Central Bank, Federal Reserve, Interest Rates, Lorie Logan, News, Raphael Bostic 3 Comments
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