RICHMOND, Va. — Democrat Abigail Spanberger won the Virginia governor’s race Tuesday, becoming the first woman to lead the commonwealth and marking a major victory for Democrats in a state that has steadily shifted blue. The Associated Press projected Spanberger’s victory over Republican Lt. Gov. Winsome Earle Sears after partial results showed her leading 55% … Read more
Amazon’s $38 billion cloud partnership with OpenAI is being hailed as a turning point for the e-commerce and cloud computing giant, marking its reemergence as a serious player in the artificial intelligence race. The agreement, announced Monday, positions Amazon Web Services (AWS) as a key infrastructure provider for OpenAI, whose growing appetite for computing power … Read more
LONDON/QUEBEC — Global miner Glencore Plc is preparing to shut down Canada’s largest copper smelter, the Horne facility in Quebec, due to mounting environmental concerns and the high costs required to modernize aging operations, according to two people familiar with the matter. The potential closure could ripple through the global copper market, already strained by … Read more
NEW YORK — US stock futures fell sharply Tuesday as investor skepticism grew over whether the recent tech driven rally on Wall Street can continue. Futures tied to the S&P 500 dropped 0.9%, while contracts for the tech heavy Nasdaq 100 fell about 1.3%. Dow Jones Industrial Average futures slipped 0.6%, reflecting broader caution across … Read more
Microsoft Corp. has signed a $9.7 billion cloud services contract with Australian artificial intelligence infrastructure provider IREN, a move that will give the software giant access to Nvidia’s advanced chips amid a global rush for computing power. The five year agreement, announced Monday, marks one of Microsoft’s largest third party technology deals and underscores its … Read more
Micron Technology, Inc. one of the world’s leading semiconductor manufacturers, plans to halt the supply of server chips to data centers in China after failing to regain market momentum following a government ban on its products. The move underscores the continuing fallout from escalating US China tech tensions that have disrupted global semiconductor supply chains. … Read more
WASHINGTON — China will begin easing an export ban on automotive computer chips critical to vehicle manufacturing worldwide as part of a new trade agreement with the United States, the White House said Sunday. The announcement followed a meeting between President Donald Trump and Chinese President Xi Jinping in South Korea earlier this week. The … Read more
WASHINGTON — The US Supreme Court’s decision not to immediately block former President Donald Trump’s sweeping tariffs has left American manufacturers, trade partners, and economists preparing for a prolonged period of uncertainty in global commerce. For companies like OTC Industrial Technologies, which supplies factory equipment across the Midwest, the ruling underscores how deeply entrenched Trump’s … Read more
WASHINGTON — Former President Donald Trump’s latest push to abolish the Senate filibuster in order to end the ongoing government shutdown has been met with firm and immediate resistance from Republican senators, many of whom have long defended the 60 vote threshold as a vital safeguard for minority party rights and legislative stability. In late … Read more
MOSCOW — Russian Prime Minister Mikhail Mishustin began a two day visit to China on Monday, underscoring growing efforts by Moscow and Beijing to deepen their economic and technological cooperation despite sustained Western sanctions and global trade headwinds. The Kremlin described the visit as “very important,” with Mishustin expected to meet Chinese President Xi Jinping … Read more
