DeepSeek's Use of Nvidia AI Chips Prompts Lawmakers To Urge Trump For Export Restrictions
The latest AI model launched by DeepSeek has been making extensive use of Nvidia's chips.
Jan 31, 2025 8:47 AM EST
Costco Boosts Hourly Pay To Over $30 Amid Union Tussle, DEI Backlash
Costco Wholesale plans to raise hourly wages for most U.S. store workers to over $30 as part of a phased approach over three years, despite ongoing contract negotiations with the Teamsters union and scrutiny from Republican attorneys general regarding its DEI policies.
OpenAI Targets $340B Valuation In New Funding Round
Global tech investor SoftBank Group is in discussions to lead the round, with plans to contribute between $15 billion and $25 billion.
Meta Agrees to $25 Million Settlement with Donald Trump Over Account Suspension
Meta has agreed to a $25 million settlement with Donald Trump over his suspended accounts following the Capitol riot, amid rising tensions between tech firms and political figures.
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Microsoft and Meta CEOs Defend Substantial AI Investments Amid DeepSeek's Market Disruption
Microsoft and Meta defend their significant AI investments, despite challenges posed by DeepSeek's cost-effective models disrupting the industry.
Jan 30, 2025 11:01 AM EST
Wells Fargo's Co-CEO of Corporate and Investment Banking, Jon Weiss, Announces Retirement
Wells Fargo's Jon Weiss to retire as Co-CEO of Corporate & Investment Banking, with Fernando Rivas set to assume sole leadership.
Jan 30, 2025 10:46 AM EST
Trump's First Law: What The Laken Riley Act Means For Immigration And Crime
New law mandates detention of illegal immigrants accused of serious crimes, regardless of whether they have been convicted.
Jan 30, 2025 6:05 AM EST
Federal Unions Urge Workers To 'Say NO' To Trump's Deferred Resignation Program, Lawsuit Filed
Trump administration's "Fork in the Road" email offers federal employees the option to stay on payroll until Sept. 30 without working in person. Workers have until Feb. 6 to decide on the offer.
Jan 30, 2025 6:01 AM EST
Trump Media & Technology Group Ventures into Cryptocurrency with Truth.Fi
Trump Media & Technology Group launches Truth.Fi, expanding into cryptocurrency and financial services, sparking investor enthusiasm and political scrutiny.
Jan 29, 2025 12:44 PM EST
U.S. Goods Trade Deficit Widens Sharply in December Amid Import Surge
U.S. goods trade deficit widened sharply in December as imports surged, raising economic concerns amid potential trade policy shifts under Trump.
Jan 29, 2025 12:35 PM EST
Trump Administration Says No More Condoms For Gaza, Halts $50 Million Funding
Press Secretary Karoline Leavitt called the expense a "preposterous waste of taxpayer money" and underscored that it did not align with the administration's "America First" policy.
Jan 29, 2025 6:07 AM EST
Lay's Classic Potato Chips Recall Upgraded To 'Class I' By FDA Due To Milk Allergen
According to the FDA, "Class I" level recalls are used when there is "reasonable probability that the use of, or exposure to, a violative product will cause serious adverse health consequences or death."
Jan 29, 2025 3:13 AM EST
U.S. Consumer Confidence Declines Sharply in January Amid Economic Uncertainty
U.S. consumer confidence declined in January amid inflation and labor market concerns, highlighting economic uncertainty and policy challenges ahead.
Jan 28, 2025 2:40 PM EST
Trump Administration Halts Federal Grants and Loans Pending Comprehensive Review
Trump's executive order pauses federal grants and loans, sparking debate over spending priorities, legal challenges, and potential disruptions nationwide.
Jan 28, 2025 2:31 PM EST
Trump Again 'Jokes' About Running for Third Term: 'Am I Allowed to Run Again?'
President-elect Donald Trump questioned House Republicans if he could run for president again after a Republican congressman introduced a resolution to allow Trump to run for a third term.
Jan 28, 2025 9:14 AM EST
Google Maps To Reflect Trump's Renaming Of Gulf of Mexico To 'Gulf of America'
President Donald Trump's executive order renames the Gulf of Mexico to "Gulf of America" and Alaska's Denali back to Mount McKinley. Google Maps will update its naming conventions following official government sources.
Jan 28, 2025 7:29 AM EST
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