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A $5.4 Billion International Acquisition By Intel Is Cut Off After China Refused To Give Approval

A $5.4 billion international acquisition of an Israeli chip manufacturer by Intel was cut off after China did not sign off on the deal, probably because of rising tensions with the United States, reports the Associated Press. The decision was made by both Intel and Tower Semiconductor. Intel said that the deal was cut off…

ByFinance Capitol StaffAugust 17, 20230Comments

National News

Biden Issues An Order To Block U.S. Investment In Chinese Technology

President Joe Biden issued an executive order to block and regulate U.S. investments in Chinese technology. The executive order covers computer chips, microelectronics, quantum information technologies and artificial intelligence. According to the Associated Press, the order is focused on maintaining national security rather than being focused on economic and financial interests. The order seeks to…

ByFinance Capitol StaffAugust 15, 20230Comments

Economy

Debt Relief: U.S. Approves $42 Billion In Student Loan Forgiveness

The U.S. Federal Government approved more than $42 billion in federal student loan debt forgiveness as a part of a program for getting more people to work in public service jobs, according to a report by the Associated Press. The Public Service Loan Forgiveness (PSLF) program will use billions of dollars in student loan debt…

ByFinance Capitol StaffAugust 10, 20230Comments

Business

Tesla CFO Will Leave The Company After 13 Years

Tesla Chief Financial Officer (CFO) Zachary Kirkhorn has stepped down after 4 years in the role and 13 years in the electric vehicle maker line of business, according to the Associated Press. Kirkhorn made the announcement of his departure last Friday, but will remain with the company until the year’s end to support a seamless…

ByFinance Capitol StaffAugust 8, 20230Comments

Markets

UPS Workers Are Ready For A Strike

A UPS strike could happen any moment now. Unionized workers have been holding picketing and rallies across the U.S. for arranging a negotiating table with the company before July 31, the day their contract expires. As the deadline to get a new contract gets closer, the probability of a UPS strike rises. There is less…

ByFinance Capitol StaffJuly 25, 20230Comments

National News

Amazon Will Have Eight Solar Projects In Georgia

Amazon wants to have eight solar farm projects in Georgia. Its latest solar project is now operating in Warren County. According to a report by WRDW-TV News 12, Amazon is supporting a growing number of solar projects in Georgia that will provide clean energy to power homes and businesses and will also help power Amazon’s…

ByFinance Capitol StaffJuly 20, 20230Comments

Business

Twitter Is Losing Cash Because Of Advertisement Drops

Elon Musk says Twitter is losing money because of advertisers leaving the platform. Advertisements on Twitter have dropped by half since Musk took over the social media platform. In reply to a tweet offering business ideas, Musk said: “We’re still negative cash flow, due to ~50% drop in advertising revenue plus heavy debt load. Need…

ByFinance Capitol StaffJuly 18, 20230Comments

National News

Five Red States With Solar Farms That Have Thrived

Solar energy is for everyone, even for the most conservatives’ states, and in fact, there are plenty of conservative states with solar farms that have thrived. Thanks to the Inflation Reduction Act, the red states are receiving more investment than blue states in renewable energy. These are 5 red states with solar farms that have…

ByFinance Capitol StaffJuly 13, 20230Comments

National News

President Biden Defends His Economic Leadership Under The Name Of “Bidenomics”

President Joe Biden traveled to Chicago last Wednesday to give a speech about the U.S. economy thriving under “Bidenomics”. The President defended his economic leadership though a new poll shows that just 34% approve of his handling. According to a report by the Associated Press, Biden said his administration was helping the nation recover after…

ByFinance Capitol StaffJuly 11, 20230Comments

Business

5 Things You Didn’t Know About Solar Farms

Solar farms are booming in every country of the world. Thanks to the country’s goal to decarbonize themselves, clean energy is beginning to be one of the most reliable sources of energy in the world. Solar farms may be a slowly growing phenomena, but it has the potential to be one of main sources of…

ByFinance Capitol StaffJuly 6, 20230Comments

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