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Categories Business

How a tiny town hit by Helene could upend the global semiconductor chip industry

Author October 4, 2024

Virtually all of the world’s supply of a mineral that is critical to semiconductor production comes from one tiny town in the foothills of

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Categories Business

Elon Musk’s Starlink brings internet — and politics — to storm-ravaged areas

Author October 3, 2024

Starlink, the satellite internet service from SpaceX, is poised to become a crucial lifeline in parts of southern Appalachia that were devastated

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Categories Business

LVMH and Formula One announce 10-year partnership

Author October 3, 2024

Liberty Media-owned Formula One and luxury giant LVMH are entering into a 10-year partnership, according to a joint press release from the companies Wednesday

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Categories Business

OpenAI closes funding at $157 billion valuation as Microsoft, Nvidia, SoftBank join round

Author October 3, 2024

OpenAI has closed its long-awaited funding round at a valuation of $157 billion, including the $6.6 billion the company raised from an

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Categories Business

Microsoft’s mammoth AI bet will lead to over $100 billion in data center leases

Author October 2, 2024

As Microsoft investors get ready for quarterly earnings this month, there’s one particular metric that’s become increasingly important: finance leases. A finance lease lets a

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Categories Business

East and Gulf coast ports shut down as thousands of workers go on strike

Author October 2, 2024

Tens of thousands of longshoremen went on strike at midnight ET, shutting down major ports along the East and Gulf coasts and

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Categories Business

PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

Author October 2, 2024

PepsiCo said Tuesday that it’s buying Mexican-American food company Siete Foods for $1.2 billion, marking the company’s first food acquisition in roughly five

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Categories Business

Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

Author September 30, 2024

With a potential strike at ports up and down the East Coast and along the Gulf Coast set to begin after midnight

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Categories Business

Sam Altman tells OpenAI staff there’s no plan for him to receive ‘giant equity stake’ in company

Author September 30, 2024

At an all-hands meeting Thursday, OpenAI CEO Sam Altman denied that there are plans for him to receive a “giant equity stake”

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Categories Business

Trademark dispute emerges over Tiger Woods’ new logo

Author September 30, 2024

Tiger Woods’ new logo for his Sun Day Red golf apparel line is facing a trademark dispute. Tigeraire, a company that makes cooling

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