Explore finance insights, tips, and trends to make informed decisions.
Semiconductors
The U.S. government plans to reduce Intel's initial $8.5 billion federal chips grant to less than $8 billion. This adjustment considers a $3 billion contract offered to Intel for manufacturing chips for the Pentagon. Earlier this year, President Biden's administration announced nearly $20 billion
Investing
Billionaire investor Bill Ackman is renowned for his value-driven, long-term investment strategy, buying stocks he believes are undervalued and holding them until their prices reflect their true potential. His hedge fund, Pershing Square, recently added two significant investments: Nike and Brookfield Corporation. Ackman poured an estimated $2.2 billion into
Supply Chain
In a recent policy shift, former President Donald Trump announced plans to reintroduce tariffs on steel and aluminum imports, aiming to bolster domestic manufacturing and protect American jobs. However, this move includes specific exemptions for certain countries, reflecting a strategic approach to international trade relations. Background on Tariffs During his
Money
A recent survey highlights that many Americans believe an annual salary of $270,000 is essential to achieve financial success. This figure reflects the growing economic pressures tied to the rising cost of living, as well as the increasing difficulty of maintaining a comfortable and secure lifestyle. With inflation impacting
Small Business
President Donald Trump's policies have significantly influenced small business borrowing in the United States. His administration's approach to taxation, regulation, and trade has created both opportunities and challenges for small business owners seeking financing. Tax Policies and Incentives The 2017 Tax Cuts and Jobs Act, enacted
Investing
Many baby boomers express significant regrets about their retirement planning, particularly concerning their reliance on Social Security and 401(k) plans. A survey of nearly 1,200 Americans revealed that a substantial number of respondents wish they had started saving earlier and invested more wisely. A common sentiment among boomers
Robotics
Pickle Robot Co., a Massachusetts-based automation provider specializing in truck unloading, has secured $50 million in Series B funding. This investment, led by an undisclosed strategic customer and supported by Teradyne Robotics Ventures, Toyota Ventures, Ranpak, and others, aims to accelerate the development of new features and expand the company&
Semiconductors
MatX, an AI chip startup founded by former Google engineers, has secured $50 million in Series A funding, valuing the company at $300 million. The funding round was led by Sequoia Capital, with participation from Andreessen Horowitz and GV (formerly Google Ventures). Established in 2023, MatX focuses on developing specialized
Artificial Intelligence (AI)
Amazon has announced a game-changing $4 billion investment in Anthropic, a leading AI startup and one of OpenAI’s biggest competitors. This move solidifies Amazon’s commitment to artificial intelligence and positions it as a significant player in the fast-growing AI sector. Expanding Amazon’s AI Vision This latest investment
Banking
The U.S. Consumer Financial Protection Bureau (CFPB) has finalized a rule to regulate major technology companies offering digital payment services, including Apple, Google, and PayPal, similarly to traditional banks. This decision, effective 30 days after its publication in the Federal Register, applies to firms processing over 50 million transactions
Real Estate
In October 2024, U.S. existing home sales rose by 3.4% from September, reaching an annualized rate of 3.96 million units, marking the first year-over-year increase since July 2021. This uptick is attributed to a slight rise in housing inventory, which provided more options for buyers despite persistently
Artificial Intelligence (AI)
Taiwan is set to invest $1 billion annually over the next three years to bolster its artificial intelligence (AI) sector, aiming to diversify its economy beyond its traditional semiconductor industry. This initiative, announced by Science and Technology Minister Wu Tsung-tsong, focuses on enhancing AI data centers and applications, with the