Mohammed Ali
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US government invests billions to boost domestic semiconductor production
The U.S. government is making significant investments to increase domestic semiconductor production, a critical component in nearly all modern electronics. This push comes as part of a broader effort to reduce reliance on foreign manufacturing and regain a competitive edge in this industry. In 1990, the United States accounted for over a third of the… -
Study finds some EVs are dropping in value by up to 50% annually
Electric vehicles (EVs) are losing value at a faster rate than their gas-powered counterparts, according to a recent investigation by the magazine “Wired.” While all vehicles depreciate over time, certain EV models are experiencing particularly sharp declines, with some losing hundreds of dollars in value every day. For most gas-powered cars, the average annual depreciation… -
Starbucks snags Chipotle’s CEO, giving stock much-needed caffeine boost
Starbucks’ stock shot up more than 22% on Tuesday, Aug. 13, when the company announced it is swapping out CEOs. Laxman Narasimhan is out effective immediately, while the coffee giant poached Chipotle CEO Brian Niccol to turn things around like he did for the burrito business. Niccol has been CEO of Chipotle since 2018. He will… -
California launches electric trains as US lags behind world in rail electrification
Around two decades after the concept was first proposed, California is launching two new all-electric commuter trains on its state-owned Caltrain rail line. The move comes as other nations have made significant strides in electrifying their railroads, while the U.S. is largely lagging behind. “This is many, many years in the making,” San Francisco Mayor… -
How falling mortgage rates could impact housing affordability this year
Mortgage rates hit the lowest level in more than a year, which is a little like putting the cart before the horse, but lenders know the horse is coming. That horse is the Federal Reserve cutting interest rates, which experts believe will happen in September. What will all of this mean for housing affordability? Watch the… -
Why the Sahm Rule creator says the recession rule is wrong this time
Recession fears have dominated headlines since Friday’s jobs report, where the rising unemployment rate triggered a recession indicator known as the Sahm Rule. The rule has an incredible track record of signaling the start of a recession, yet this time is an outlier, according to the rule’s creator. The Sahm Rule states a recession in the… -
Energy bills going up in Virginia to pay for planned offshore wind farm
Dominion Energy is moving forward with a major renewable energy project: a $9 billion offshore wind farm off the coast of Virginia. However, the construction of this large-scale wind farm means some Virginia residents will initially have to pay more for their electricity. Starting this fall, Dominion Energy customers in Virginia will see a slight… -
Research finds installing solar panels on your home could increase its value
Homeowners looking to increase the value of their properties may want to consider installing solar panels. According to data from Solar Reviews, a platform that helps consumers compare solar companies across the U.S., houses with solar panels tend to sell for 7% more than those without. For example, a home valued at $450,000 could see… -
Tribal and environmental concerns stand in the way of obtaining 25% of US copper
Arizona officials claim the land that is planned for use by the Resolution Copper mine contains resources that are crucial for transitioning the U.S. energy sector to renewables. However, Native American tribes and environmentalists are raising concerns over the project’s potential impacts. Indigenous groups assert that the proposed mining site lies on sacred ground that… -
Loneliness epidemic hitting workplaces across the US
Americans are lonely, so much so that the surgeon general has declared loneliness an epidemic. A new study by research firm BSG, TheLi.st and Berlin Cameron showed that 86% of white collar workers between the ages of 18 and 34 said they’ve felt lonely or isolated as a result of their job role, and 76%… -
Treasury warns ‘anti-woke’ laws endanger national security
The U.S. Treasury Department is warning certain “anti-woke” state laws are a national security risk. The Treasury Department said state laws restricting banks from considering environmental, social and governance factors could negatively impact efforts to stop money laundering and terrorism financing. According to The Associated Press, in a letter sent to lawmakers Thursday, July 18, the… -
Migrant deportations increased in 2024 after immigration becomes top issue
In the last two months, the United States increased its deportations of migrants in the country illegally. The move marks an uptick in enforcement actions under the Biden administration months before the November election. Immigration emerged as a top concern for voters earlier this year. According to recent figures released by Immigration and Customs Enforcement… -
Giant clams could hold the key to more efficient solar power advancements
Researchers at Yale University are exploring how the natural adaptations of giant clams might lead to improvements in solar energy technology. These mollusks use photosynthesis to gain energy from symbiotic algae that live in their cells. It is an efficient process that the Yale team hopes to study and see whether that knowledge can translate…
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