When a company hits Wall Street by initial public offering (IPO), it is usually seen as a sign of strength. But sometimes, firms go the opposite direction by taking the company private again. SpaceX and Tesla CEO Elon Musk plans to take Twitter private as part of his $44 billion acquisition of the company. Musk…

The impact of the U.S. restrictions on the export of semiconductor technology to China could be enormous. Experts say many Western suppliers of chip tech to the Chinese have already started severing business ties. The chip sanctions are part of the Biden administration’s attempts to kneecap Chinese military tech development. Straight Arrow News contributor Peter…

Kanye West’s Twitter and Instagram accounts were restricted after the music superstar unleashed a series of antisemitic posts. That controversy came on the heels of West’s appearance at Paris Fashion Week, where he wore a “White Lives Matter” t-shirt. As some in conservative media jumped to the hip-hop mogul’s defense, others wondered what sparked the…

Tyson Foods, one of the world’s largest meat producers, announced it would relocate about 1,000 corporate positions from the Chicago area and South Dakota to its headquarters in Springdale, Arkansas. The relocation, announced Wednesday, is set to begin early next year. “The move will foster closer collaboration, enhance team member agility and enable faster decision…

Multiple voices out of the Federal Reserve this week have made clear the central bank has no plans to cut rates next year, despite markets pricing it in. San Francisco Fed President Mary Daly is among those cautioning against a Fed pivot in policy. “I see us as raising to a level that we believe…

New York has adopted California’s decision to require all new cars and trucks sold in the state to be zero-emission by 2035. They are the second state in the country to mandate zero-emissions for all new passenger cars, pickup trucks and SUVs . All new school buses purchased will also have to be zero-emission by 2027, with…

Is the U.S. in a recession? The tools we’ve used in the past to answer that question may no longer provide the answer. Inflation remains a big problem. The GDP has also contracted for two consecutive quarters. But we also had a blockbuster July jobs report that put unemployment at levels not seen since 1969.…

A day after Reuters reported Russian state gas monopoly Gazprom had warned customers in Europe of a potential halt in its oil supply, the company penned a $40 billion memorandum of understanding with an oil company in Iran. The deal with the National Iranian Oil Company (NIOC) was reported on by Iran’s oil ministry’s news…

In front of the beautiful backdrop of the Bavarian Alps, G7 leaders announced a new investment plan called the Partnership for Global Infrastructure (PGII). The goal is to invest $600 billion over the next five years in lower and middle income countries around the world, with the U.S. pledging $200 billion. The ambitious plan includes…

Spam text messages are on the rise in the U.S. and scammers are getting millions of dollars. The average American received roughly 44 spam texts just in the month of June, according to new data from RoboKiller, an app that blocks spam calls and texts. It’s a lucrative business for criminals. FTC data shows Americans…