Adnan Rasheed
Amazon is preparing to eliminate as many as 30,000 corporate jobs this week, marking one of the company’s most significant workforce reductions in years, according to people familiar with the matter. The potential layoffs, first reported by Reuters, would represent the largest round of Amazon job cuts since late 2022, when the company slashed 27,000 … Read more
Ukraine allies to hold talks on White House peace plan at G20 as pressure intensifies on Kyiv to respond to a proposal widely seen as favorable to Moscow. The discussions come a day after President Volodymyr Zelensky warned the country was entering “one of the most difficult moments in our history,” amid fears that accepting … Read more
Kia and Hyundai are recalling more than 335,000 vehicles in the United States after safety regulators flagged a defect that could cause fuel tanks to melt. The National Highway Traffic Safety Administration (NHTSA) said pressurized air can build up in the fuel tank, potentially causing it to contact hot exhaust components and melt, creating a … Read more
WASHINGTON — The Trump administration is advancing plans to reorganize the US Department of Education, requiring senior officials and directors to sign non disclosure agreements to shield discussions about the restructuring, according to multiple sources familiar with the process. Education Secretary Linda McMahon announced earlier this week that most federal education programs and staff would … Read more
WASHINGTON — Zohran Mamdani, the newly elected mayor of New York City, sat across from former President Donald Trump in the Oval Office Friday in a meeting that quickly became a media spectacle, drawing attention from political observers and the public alike. The 34 year old mayor elect faced pointed questions from reporters about whether … Read more
ATLANTA — Republican Rep. Marjorie Taylor Greene of Georgia announced Friday night that she will resign her seat in the US House of Representatives, with her last day in office set for Jan. 5. The unexpected move follows a highly public dispute with former President Donald Trump, a figure she ardently supported. Greene, 51, has represented … Read more
WASHINGTON — A federal indictment alleging alleged AI chip smuggling to China has intensified calls in Congress for stricter oversight of high end semiconductor shipments, as US officials work to enforce sweeping technology export restrictions. The US Department of Justice on Thursday charged four individuals with conspiring to illegally move Nvidia’s advanced GPUs to China, … Read more
Asian chip shares tumbled Friday in a broad market pullback triggered by Nvidia’s overnight slump, shaking investor confidence despite the US chipmaker’s stronger than expected earnings and optimistic guidance. SoftBank, a key player in global semiconductor and AI investments, led the downturn with a double digit fall that rattled Tokyo markets. The selloff unfolded hours … Read more
Europe’s chip dreams are gaining urgency as geopolitical tensions and supply chain disruptions push governments to reduce dependence on Asian semiconductor manufacturing. Germany’s multibillion euro partnership with Taiwan Semiconductor Manufacturing Company aims to anchor a new ecosystem in Dresden, but suppliers warn that Europe’s regulatory hurdles could challenge the continent’s ambitious plans. For decades, most … Read more
Wall Street could still finish the year on a high note, even as technology stocks struggle and the artificial intelligence slump deepens. The Nasdaq Composite slid 0.84 percent on Monday as major tech names, including Apple, Meta and Oracle, all declined more than one percent. Nvidia, a bellwether for AI growth, dropped nearly two percent ahead … Read more
