2 min read
Business

US Economic Growth Slows Slightly to 3.2% in Fourth Quarter

The US economy grew at a solid rate of 3.2% in the fourth quarter of last year, a slight downgrade from the government’s initial estimate. Despite the adjustment, the growth still showcases a strong performance by the economy in the final months of 2021.

2 min read
Business

Trio of big companies, including Amazon and SpaceX, join forces in legal battle against labor board

Amazon has joined SpaceX and Trader Joe’s in a fight to declare the government labor board unconstitutional. The e-commerce giant has taken a bold stance against what it sees as government overreach, joining forces with other companies to challenge the authority of the National Labor Relations Board.

3 min read
Business

US Government Takes Big Gamble – Allocates $42 Million for Open Cell Networks

The United States government has recently announced a significant investment of $42 million in open cell networks. This move aims to bolster the development and deployment of innovative wireless technologies that will benefit both consumers and businesses across the nation. By embracing this new approach, the government demonstrates its commitment to expanding the capabilities of wireless networks and fostering competition in the telecommunications industry.

2 min read
Business

Chinese Stock Market Faces Turbulence as Government Fights to Stabilize Markets

Amidst persistent economic challenges, Chinese stocks faced yet another day of tumultuous trading on Monday. As the government makes concerted efforts to stabilize the markets, investors remain uncertain about the future of the country’s stock exchanges.

3 min read
Business

Federal Authorities Set to Probe Cryptocurrency Mining Activities in the US

The United States government has recently initiated a comprehensive investigation into the cryptocurrency mining industry within its borders. This move aims to evaluate the environmental impact, economic implications, and potential regulatory challenges associated with the growing trend of digital currency mining.

3 min read
Business

Elon Musk Takes Legal Action to Block Labor Laws Enforcement: Supreme Court Ruling Looms

*In a bold move, entrepreneur and Tesla CEO Elon Musk has filed a lawsuit against the government, seeking to prevent the enforcement of certain labor laws. There is now a chance that the highest court in the land, the Supreme Court, might side with him in this contentious legal battle.*

2 min read
Business

US Government Announces Massive Investment in Chip Industry, Supports Intel and TSMC’s Facility Setup

The United States government has announced its plans to provide significant financial support to chipmakers, including industry giants Intel and TSMC. This move aims to encourage the establishment of semiconductor manufacturing facilities within the country, striving to address the global chip shortage that has negatively impacted various sectors.

3 min read
Business

Netflix Resumes its Fight for Net Neutrality as Government Prepares to Reestablish Open Internet Regulations

Streaming giant Netflix has made a strong comeback in the battle for open internet regulations, as the government gears up to reinstate net neutrality. With the recent change in the political landscape, the entertainment industry leader seeks to ensure equal access to online content for all internet users.

3 min read
Business

China Exceeds Government Target as GDP Growth Reaches 5.2% in 2023

China’s economy shows resilience as its gross domestic product (GDP) grows by an impressive 5.2% in 2023, successfully reaching the government’s target. Despite the global economic challenges posed by the COVID-19 pandemic and geopolitical tensions, China’s growth demonstrates its ability to adapt and thrive.