Latest in Samsung predicts profit hit from weak chip sales as US curbs bite
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Biden Administration Makes Last-Ditch Effort to Curb AI Chip Exports
The new rules meant to govern exports of sophisticated AI processors are meant to address national security concerns, but have already provoked an industry pushback.Inc. - Jan. 13 -
Starmer aims to refocus attention on growth after hit from markets
UK PM pledges to be ‘best state partner’ for AI companies as he faces ominous economic and political backdropFinancial Times - Jan. 13 -
New US Rule Aims to Block China’s Access to AI Chips and Models by Restricting the World
The US government has announced a radical plan to control exports of cutting-edge AI technology to most nations.Wired - Jan. 13 -
Big US banks set for $31bn quarterly profit as Wall Street business booms
Trading activity boosted in final quarter of 2024 by Donald Trump’s election winFinancial Times - Jan. 13 -
Norway on track to be first country to hit 100% electric vehicle sales
Nine in 10 new cars in the country are now battery-powered, and it aims to hit 100% later this year.BBC News - Jan. 13 -
America must act to secure its ‘legacy chips’ from China and other competitors
As demand for connected devices and digital technologies continues to increase, so does the need for trusted and secure chips. Legacy chips are one important piece of that puzzle.The Hill - Jan. 12 -
US supreme court curbed public scrutiny as it boosted security before Roe ruling
Memo obtained by the Guardian mandates that court would maintain ‘exclusive’ control of all security-related records. A newly uncovered document reveals that the US supreme court sought to beef ...The Guardian - Jan. 12 -
US supreme court seems likely to uphold TikTok ban-or-sale law in hearing
Justices weighed importance of security with freedom of speech in oral arguments that went over nearly an hour. How would a TikTok ban work? The US supreme court heard oral arguments over the ...The Guardian - Jan. 10 -
US hits Venezuela with new sanctions after Maduro's 'illegitimate' inauguration
The Biden administration announced a slew of new sanctions against allies of Venezuelan President Nicolás Maduro in opposition to his claim of election victory, calling his Friday inauguration ...The Hill - Jan. 10 -
World’s largest chip maker, Taiwan Semiconductor Manufacturing, reports record sales
The key supplier of advanced chips for the world’s leading tech companies saw record revenue in the final quarter of 2023.MarketWatch - Jan. 10 -
Sainsbury's Christmas Sales Grew; Expects Profit in Line With Market Views
The grocer reported sales volume growth for the key Christmas period and expects to deliver retail operating profit for its fiscal year in line with market consensus.The Wall Street Journal - Jan. 10 -
17+ winter essentials we’re eyeing from Reformation’s winter sale
Reformation is currently discounting a handful of seasonal bestsellers, including wool and cashmere sweaters, denim, outerwear, shoes and more.NBC News - Jan. 9 -
Winter storm to hit US south again, carrying in snow and freezing weather
Cities cancel flights and school in anticipation as Dallas, Texas, is expected to get a year’s worth of snow. Parts of Texas and the US south are getting hit with yet another winter storm.. The ...The Guardian - Jan. 9 -
Biden administration planning new AI chip export limits that would hit Nvidia, report says
The White House is finalizing additional restrictions on the export of artificial intelligence microchips that would hit companies including Nvidia and Advanced Micro Devices, according to a report.MarketWatch - Jan. 9 -
'Music is back' as vinyl and streaming help sales hit a 20-year high
Albums by Billie Eilish, Taylor Swift and Coldplay pushed sales of recorded music to a record £2.4bn.BBC News - Jan. 8 -
Samsung’s profit estimates disappoint as it fights for Nvidia’s AI business
Fourth-quarter earnings hit by greater investments in advanced chip manufacturingFinancial Times - Jan. 8 -
Samsung Expects Further Profit Growth Slowdown, Missing Estimates
The world’s largest maker of memory chips and smartphones said sluggish demand for conventional chips used in personal computers and mobile phones weighed on its memory business for the quarter.The Wall Street Journal - Jan. 7 -
Annual ‘winners’ for most egregious US healthcare profiteering announced
Selling body parts without consent and billing desperate parents $97,599 for air transport among worst examples. The 2024 “winners” of the annual Shkreli awards , given each year to perpetrators ...The Guardian - Jan. 7 -
Greenland ‘not for sale’, says Danish PM after Trump call for US to buy it
US president-elect’s renewed interest in Arctic island poses challenge for Denmark’s governmentFinancial Times - Jan. 7 -
Nvidia releases gaming chips for PCs, tapping AI features from data center GPUs
At CES in Las Vegas, Nvidia showed that it's still focused on serving gamers even as the company's primary business is now in the data center.CNBC - Jan. 7 -
FirstFT: US corporate bankruptcies hit 14-year high
Also in today’s newsletter, Trump reiterates ambition to buy Greenland and Wall Street’s top regulator steps downFinancial Times - Jan. 7 -
Ulta Beauty gains on new CEO pick and sales outlook. But analysts debate the threat from rivals.
Ulta said Kecia Steelman, who became its chief operating officer in 2023, would be its new chief executive.MarketWatch - Jan. 7 -
Biden's decision to block the US Steel sale would have made Harry Truman proud
Biden’s decision serves as a reminder, as the new president comes to power, of just how much a president can do under the broad and often vague umbrella of national security.The Hill - Jan. 6 -
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Saints vs. Buccaneers prediction, odds, spread, time: 2025 NFL picks, Week 18 predictions from proven model
SportsLine's model just revealed its NFL picks for the New Orleans Saints vs. Tampa Bay Bucs on SundayCBS Sports - Jan. 5 -
Cowboys vs. Commanders prediction, odds, spread, time: 2025 NFL picks, Week 18 predictions from proven model
SportsLine's model just revealed its NFL picks for the Dallas Cowboys vs. Washington Commanders on SundayCBS Sports - Jan. 5 -
49ers vs. Cardinals prediction, odds, spread, time: 2025 NFL picks, Week 18 predictions from proven model
SportsLine's model just revealed its NFL picks for the Arizona Cardinals vs. San Francisco 49ers on SundayCBS Sports - Jan. 4 -
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US Steel CEO rips Biden's 'shameful' move blocking sale
U.S. Steel’s president and CEO declared President Biden’s decision to block the company from being acquired by the Japanese corporation Nippon Steel “shameful” and “corrupt” in a Friday afternoon ...The Hill - Jan. 3 -
What Car Sales Can Tell Us About the U.S. Auto Market Right Now
Demand for pickup trucks and hybrid vehicles helped automakers increase deliveries, but challenges loom for 2025.The Wall Street Journal - Jan. 3 -
Biden blocks US Steel sale
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Biden blocks US Steel sale President Biden has announced he will block the sale ...The Hill - Jan. 3 -
US rugby star Ilona Maher eyes Bristol debut as ticket sales break club record
Sevens stars set for debut with Bristol women’s team Close to 8,000 fans are expected in record turnout Ticket sales have broken a record ahead of US rugby star Ilona Maher making her debut for ...The Guardian - Jan. 3 -
Recovery in US car sales eases fear of economic malaise settling in
Strong purchase data to end the year reverses downward trend as lower interest rates and better deals lure buyersFinancial Times - Jan. 3 -
Ford, Rivian stocks get boost from sales after rival Tesla’s numbers fall short
Rivian and Ford shares are on the rise after both carmakers touted growth in EV sales.MarketWatch - Jan. 3 -
U.S. Car Sales Hit a Five-Year High in 2024
Years of effort ironed out supply chain problems, eliminated shortages, but lower interest rates made the difference in the return to pre-pandemic sales levels.Inc. - Jan. 3 -
Labor groups cheer Biden dismissal of US Steel sale as businesses bristle
Labor groups applauded as businesses leveled sharp criticism Friday at the decision by the Biden administration to block the acquisition of steelmaker U.S. Steel by Japanese rival Nippon Steel over ...The Hill - Jan. 3 -
Biden says he will block US Steel sale to Nippon Steel
President Biden announced Friday he would block the sale of U.S. Steel to Japanese-owned Nippon Steel following a yearlong review of the potential acquisition. “We need major U.S. companies ...The Hill - Jan. 3 -
Stormzy banned from driving for using mobile phone
An off-duty police officer caught him using a mobile phone behind the wheel of a Rolls-Royce.BBC News - Jan. 2 -
Brompton profits almost wiped out after lower UK and Europe sales
British folding bike specialist cites economic headwinds and sector’s challenges as earnings drop below £5,000Financial Times - Jan. 2
