Money Moves

U.S. Secretary of Commerce Howard Lutnick announced on Friday that the federal government will acquire a 10% stake in Intel. This decision is described as a significant step toward enhancing U.S. leadership in the semiconductor industry, with implications for economic growth and technological advancement. In a post on X, Lutnick emphasized the importance of this […]

The U.S. government has acquired a 10% equity stake in Intel, marking a notable intervention in the corporate sector, as announced by former President Donald Trump and Commerce Secretary Howard Lutnick. This deal arises amid challenges facing the chip manufacturer, which has been navigating financial difficulties. Lutnick shared the news on social media, expressing gratitude

On Friday, U.S. stock markets experienced a significant rise in response to signals from the Federal Reserve indicating potential cuts to interest rates this fall. Federal Reserve Chair Jerome Powell’s remarks at the annual Jackson Hole symposium highlighted this optimism while also addressing the longer-term outlook for interest rates, suggesting that their neutral level might

Canada plans to eliminate some counter-tariffs on select American products starting September 1, according to Mark Carney, as part of efforts to resolve ongoing trade tensions with the United States. This adjustment will align with how U.S. tariffs are applied to Canadian goods under the North American Free Trade Agreement (NAFTA), although tariffs on steel,

A recent study from researchers at University College London and the Stockholm Environment Institute indicates that air pollution from oil and gas production results in over 90,000 premature deaths and affects hundreds of thousands of people in the United States annually. The study highlights that communities of color bear a disproportionate share of these health

In response to Phoebe Taplin’s article about the English Riviera, a resident of Lincolnshire reflects on the experience of traveling to Devon, where her in-laws reside. The writer noted that the journey from the East Midlands to Devon involves a lengthy drive along the M6/M5, which lacks notable scenery. Intrigued by Taplin’s description of a

Martin Dickie, co-founder of Brewdog, has announced his departure from the craft beer company, citing personal reasons for his decision. Dickie, who established the Ellon-based firm with James Watt in 2007, has recently launched a new business focused on medicinal cannabis. Brewdog has faced various challenges in recent months, leading to the closure of ten

Jerome Powell, the chair of the US Federal Reserve, has increased expectations for an interest rate cut in September, a move that President Trump has been advocating for months. At a conference in Jackson Hole, Wyoming, Powell discussed the potential temporary effects of Trump’s tariffs on inflation. Despite some anticipation, Powell did not directly address

Elon Musk and his social media platform, X, have reportedly reached a preliminary settlement with former Twitter employees regarding a class action lawsuit over severance payments. The former employees, led by Courtney McMillian and Ronald Cooper, sought $500 million, alleging that they were not properly compensated following mass layoffs after Musk’s acquisition of Twitter in

Linn Vailt, a software developer in Sweden, utilizes the AI model ChatGPT in her daily life, appreciating its ability to adapt based on her interactions. While she recognizes that ChatGPT is not sentient, she has formed a significant bond with it, using it for creative collaboration and personal expression. However, recent changes to the platform