More from Simone Del Rosario
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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… -
These are the top 5 business stories you consumed in 2024
We made it through another election year where the economy was the top issue for voters. So which business stories grabbed you the most this year? We know you came to Straight Arrow News for the unbiased, straight facts. Here are the top five business stories you watched and read at SAN.com. #5: Progress or… -
Trump’s EU ultimatum: Buy more US oil or face ‘TARIFFS all the way’
President-elect Donald Trump is threatening tariffs on another U.S. ally. This time, it’s the European Union. Trump said he told the EU “they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas. Otherwise, it is TARIFFS all the way!!!” The trade gap between the… -
Government shutdown looms as House votes against latest funding bill
A government shutdown looms nearer after the House rejected a bill that would have kept it funded into March. And drones are now banned in parts of New York and New Jersey after a spate of mysterious sightings. These stories and more highlight your Unbiased Updates for Friday, Dec. 20, 2024. House votes against latest… -
Japan’s Nippon-US Steel deal on track to be axed by Biden: Report
The U.S. government is reportedly poised to reject Nippon Steel’s $14.9 billion acquisition of U.S. Steel, despite the Japanese company’s efforts to downplay national security concerns. After a broad review by the Committee on Foreign Investment in the United States (CFIUS), the decision may rest in the hands of President Joe Biden. CFIUS reviews deals…