The $1 trillion infrastructure plan that President Joe Biden plans to sign into law has money for roads, bridges, ports, rail transit, safe water, the power grid, broadband internet and more. The plan promises to reach almost every corner of the country. It’s a historic investment that the president has compared to the building of […]
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A stock exchange set up in the Chinese capital to serve entrepreneurs opened trading Monday with 81 companies amid a crackdown on tech giants that has wiped more than $1 trillion off their market value abroad. The Beijing Stock Exchange joins other mainland Chinese exchanges in Shanghai and the southern city of Shenzhen. They are […]
Rivian Automotive, a company that has delivered about 150 electric pickup trucks mostly to employees, has surpassed General Motors to become the nation’s second most valuable automaker. The California company’s market valuation exceeded Ford’s in its first day a public company Wednesday. Its shares rose 10% at the opening bell Thursday pushing its valuation over […]
Embattled Japanese technology conglomerate Toshiba said Friday it is restructuring to improve its competitiveness, spinning off its energy infrastructure and computer devices businesses. The energy infrastructure spinoff will include Tokyo-based Toshiba Corp.’s nuclear power operations, including the decommissioning efforts at the nuclear plant in Fukushima that suffered meltdowns after an earthquake and tsunami in March […]
The United Nations Climate Change Conference, which was postponed a year because of COVID-19, has promoted a series of announcements from foundations and individuals attempting to pour money into efforts to fight climate change, an area many think philanthropy has neglected. As policymakers from around the world gathered in Glasgow for a series of long-awaited […]
Europe’s antitrust regulators marked their biggest win on Wednesday after Google lost an appeal on a $2.8 billion for attempting to monopolize shopping services while downgrading competitors’ services. The win signaled the European Commission’s first major triumph against one of the Big Tech giants out of three key court rulings aimed at heightening regulations on […]
The council of a small Oregon city has approved a deal with Google that will enable the technology giant to build two more water-guzzling data centers there, though some residents worry about drought and secrecy. A single data center can churn through millions of gallons of water per day to keep hot-running equipment cool, and […]
China’s biggest online shopping day, known as “Singles’ Day” on Nov. 11, is taking on a muted tone this year as regulators crack down on the technology industry and President Xi Jinping pushes for “common prosperity.” The Singles’ Day shopping festival — also known as Double 11 — is a massive event for China’s e-commerce […]
Google’s custodian company, Alphabet Inc., exceeded on Monday its previous cap by hitting a $2 trillion market value, closing the trading day at $2,987 per share., according to Nasdaq. The Big Tech conglomerate surpassed last year’s market valuation by doubling its $1 trillion since January 2020. Now, in its third quarter (Q3), the tech behemoth […]
Congress has created a new requirement for automakers: Find a high-tech way to keep drunken people from driving cars. It’s one of the mandates along with a burst of new spending aimed at improving auto safety amid escalating road fatalities in the $1 trillion infrastructure package that President Joe Biden is expected to sign soon. […]