iStock (NEW YORK) — Amid a global chip shortage that has been exacerbated by the COVID-19 pandemic, Intel announced Friday that it will invest more than $20 billion in two new chip factories in Ohio. The new investment will significantly expand U.S. manufacturing capabilities for semiconductors, a vital building block needed for computers, smartphones, autos, […]

Rafael Henrique/SOPA Images/LightRocket via Getty Images (NEW YORK) — A small handful of Instagram content creators can now directly charge followers a monthly subscription fee for exclusive content and benefits in the latest shakeup to impact the ever-evolving digital creator economy. Instagram’s parent company Meta announced the news in a company blog post, saying it […]

Lao Chengyue/Xinhua via Getty Images (NEW YORK) — Exxon Mobil Corp. announced on Tuesday an “ambition” to reach net-zero greenhouse gas emissions in its operations in the next three decades, but fell short of making any commitments to offset or reduce the massive amounts of Earth-warming emissions from the fossil fuels that account for the […]

Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images (NEW YORK) — Microsoft Corp. announced plans on Tuesday to acquire gaming giant Activision Blizzard Inc., the maker of immensely popular franchises including “Call of Duty” and “Warcraft,” for $68.7 billion. The companies jointly announced news of the all-cash deal on Tuesday, which involves tech giant Microsoft […]

iStock The 10 richest men in the world doubled their fortunes during the COVID-19 pandemic, a report published Monday by advocacy group Oxfam said, highlighting how the global health crisis has deepened the divide between the haves and have-nots as well as the need for policy intervention to address these “deadly” inequities. While the wealth […]

Jakub Porzycki/NurPhoto via Getty Images (NEW YORK) — Dogecoin rallied Friday after Tesla CEO Elon Musk tweeted the carmaker would now accept the cryptocurrency as payment for merchandise. Originally started as joke poking fun at exuberance in the crypto market, Dogecoin surged some 10% by Friday afternoon in the wake of Musk’s early morning tweet. […]

Guido Mieth/Getty Images (NEW YORK) — The sneaky sting of inflation is catching many Americans by surprise as soaring prices erode their savings and prompt major sticker shock at the supermarket, gas pump and seemingly everywhere they look. Rapidly rising prices have become a major new wellspring of anxiety for American families. Some 3 in […]

Andrew Harrer/Bloomberg via Getty Images (WASHINGTON) — Tax season will begin early this year and is already forecast to be an especially “frustrating” one, the Internal Revenue Service has warned, as pandemic-era tax changes and staffing limitations squeeze the nation’s tax agency. The IRS announced that it will begin accepting and processing 2021 tax year […]

OLIVIER DOULIERY/AFP via Getty Images (WASHINGTON) — Employers added a lackluster 199,000 jobs last month — significantly lower than economists’ expectations — and the unemployment rate fell to 3.9%, the Department of Labor said Friday. Hiring in December was even less than the revised figure for the previous month, when 249,000 jobs were added to […]

Mario Tama/Getty Images (NEW YORK) — Over the past year, routine space tourism emerged from science fiction to reality, digital art you can’t even touch auctioned for millions at Christie’s, and malicious attacks emanating from cyberspace crippled real-world critical infrastructure in the U.S. The technology industry unceasingly shaped the way Americans lived in 2021, embedding […]

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