Simone Del Rosario
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What does Trump want with Greenland when US already has military control?
President-elect Donald Trump is threatening military and economic force against Denmark to gain control of Greenland. The autonomous territory is part of the Denmark kingdom, while the U.S. has maintained a military presence there since World War II. “We need it for national security. That’s for the free world. I’m talking about protecting the free world,”… -
Biden plans final push to limit Nvidia advanced chip exports: Report
President Joe Biden is reportedly planning one last artificial intelligence chip restriction that would hit major companies, including the second most valuable in the world, Nvidia. It’s his final push to control the spread of U.S. made chips to China and Russia before leaving office. According to Bloomberg, the restrictions are expected to have a… -
CFPB sues Warren Buffett-backed mortgage lender for ignoring ‘red flags’
The Consumer Financial Protection Bureau filed a lawsuit against a mortgage lender owned by Warren Buffett’s Berkshire Hathaway. The watchdog alleges Vanderbilt Mortgage and Finance steered customers to buy manufactured homes they couldn’t afford. Vanderbilt Mortgage and Finance is a subsidiary of Clayton Homes, the nation’s largest builder of manufactured homes. Clayton Homes is a… -
Why mortgage rates are going up while the Fed is cutting rates
Prospective home buyers who thought the Federal Reserve’s rate-cutting cycle would relieve high mortgage rates were in for a rude awakening in 2024. Since the date of the Fed’s first cut in September, the rate on a 30-year fixed mortgage has gone up nearly a full percentage point, even though the Fed has cut two… -
Nvidia reveals new AI supercomputer, technology to train robots
The world’s second most valuable company showed off a slew of new products Monday, Jan. 6, at the world’s preeminent technology trade show. Nvidia unveiled artificial intelligence (AI) that trains robots and cars, new ultrapowerful gaming chips and its first-ever desktop computer at CES 2025 in Las Vegas. During the company’s highly anticipated keynote address,… -
Trump denies report that team is considering scaled-back tariffs
President-elect Donald Trump denied an exclusive report by The Washington Post on Monday, Jan. 6, that claimed he’s considering scaling back his tariff plans. Trump called the story “fake news.” According to The Post, Trump aides are still looking into applying tariffs to every country, but with a more targeted approach aimed at critical imports.… -
Nippon and US Steel sue Biden for ‘sham’ review blocking $15 billion deal
U.S. Steel and Nippon Steel sued the Biden administration over the decision to block the $15 billion merger on the grounds of national security, calling the review process a “sham.” It is the star-crossed steel companies’ last-ditch attempt to revive the deal President Joe Biden squashed during the week of Dec. 30. In a separate… -
Italian PM denies SpaceX talks with Trump as nation nears €1.5 billion deal
Italian Prime Minister Giorgia Meloni denied talking with President-elect Donald Trump about SpaceX supplying the country with Starlink services over the weekend. The denial comes as reports indicate the nation is closing in on a €1.5 billion deal ($1.55 billion) for the private space company to provide secure telecommunications to the Italian government. Meloni made… -
Dockworkers push to ban automation at ports with strike deadline weeks away
U.S. supply chains may face a test to start 2025 as dockworkers and their employers restart contract negotiations. Automation will take center stage as the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) reconvene at the bargaining table. The ILA negotiated a 62% raise over the next six years after a short-lived… -
‘Retail apocalypse’ saw 57% increase in store closings last year
2024 was not the best year for U.S. businesses, with retailers closing more than 7,300 stores. According to Coresight Research, that’s up 57% from 2023, leading to some media outlets calling it the “retail apocalypse” of 2024. The recent closures are also the highest number of closed stores since 2020, when the COVID-19 pandemic led… -
Meta’s new head of global policy Joel Kaplan has close Republican ties
Meta is putting a Republican in charge of global policy just weeks before President-elect Donald Trump takes back the White House. Joel Kaplan is a former deputy chief of staff to President George W. Bush and has close ties to the Republican Party. He’ll replace former deputy prime minister of Britain Nick Clegg. Clegg said it… -
Tesla fails to grow sales in 2024 for the first time in more than a decade
Tesla has been on a tear to close out 2024, but its annual sales are telling a different story. Tesla deliveries on the year declined for the first time since 2011, according to company data released Thursday, Jan. 2. Tesla delivered about 1.79 million cars in 2024, down from about 1.81 million in 2023. That’s about… -
Japan’s Nippon makes last-minute promise to close US Steel deal
Japan’s Nippon Steel reportedly told the White House it would give the U.S. government veto power over any reduction in U.S. Steel’s production capacity if the merger is approved. The eleventh-hour promise comes as President Joe Biden must decide the fate of the $15 billion deal by Jan. 7. Nippon guaranteed it wouldn’t reduce production…
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Trump to revoke security clearances over Hunter Biden laptop letter
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President Trump wants to call Putin to arrange in-person talks: Report
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Albuquerque spent $4M on solar panels, over 1,000 remain unused 6 years later
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Scientists discover huge reservoir beneath Cascades, tripling Lake Mead
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Turbine blade break at Australia’s largest wind farm prompts investigation
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