Category: Companies

Intel Co-founder, Philanthropist Gordon Moore Dies at 94

SAN FRANCISCO—Gordon Moore, the Intel Corp. co-founder who set the breakneck pace of progress in the digital age with a simple 1965 prediction of how quickly engineers would boost the capacity of computer chips, has died. He was 94. Moore died Friday at his home in Hawaii, according to Intel and the Gordon and Betty…


Banking Crisis Is How It Starts, Recession Is How It Ends

Commentary As the Fed tightens monetary policy, a banking crisis is historically the first evidence that something is breaking. As noted recently in “Not QE,” Last week, amid a rash of bank insolvencies, government agencies took action to stem a potential banking crisis. The FDIC, the Treasury, and the Fed issued a Bank Term Lending…


Short on Planes, American Will Suspend Some Flights to Spain

FORT WORTH, Texas—American Airlines said Friday that it will suspend flights between Philadelphia and Madrid for a few weeks this spring because of delays in receiving new Boeing jets that have been plagued by production problems. American said it will offer passengers on the route alternative travel arrangements in May and early June. A spokeswoman…


France to Ban TikTok on Work Phones of Civil Servant: Minister

PARIS—France will ban the use of Chinese-owned video-sharing app TikTok on the work phones of civil servants, Civil Service Minister Stanislas Guerini said on his Twitter account. “In order to guarantee the cybersecurity of our administrations and civil servants, the government has decided to ban recreational applications such as TikTok on the professional phones of…


James O’Keefe Suggests He Has Insiders on Trump Grand Jury

Former Project Veritas head James O’Keefe is suggesting he has insiders on the grand jury reportedly considering indicting former President Donald Trump. Trump has suggested he would be arrested this week. He is being probed by a Manhattan District Alvin Bragg over a payment made to adult actress Stormy Daniels during the 2016 election. A…


Rand Paul: I Wouldn’t Vaccinate My Children for COVID Over Myocarditis Risks

Sen. Rand Paul (R-Ky.) said on Thursday that he wouldn’t vaccinate his own children for COVID-19 due to numerous studies reporting an elevated risk of myocarditis—a type of heart inflammation—occurring after vaccination. Paul expressed concerns about heart inflammation risks for children during an interview on The Hill’s “Rising,” arguing that experiencing an adverse reaction after…


Twitter to Remove Legacy Blue Check Marks by April 1

Twitter is set to begin “winding down” its legacy blue checkmarks for all users on the platform starting April 1. The Elon Musk-owned company announced the move on Twitter on March 23, adding that users who want to keep their blue checkmarks, or verification badges, should sign up for the Blue subscription paid plan. The decision will likely…


Denmark Invites Nord Stream Operator to Help Salvage Unidentified Object

COPENHAGEN—Denmark on Thursday invited the Russian-controlled operator of the Nord Stream 2 pipeline to help salvage an unidentified object found close to the only remaining intact gas pipeline under the Baltic Sea. Three explosions last September on the Nord Stream pipelines built to deliver Russian gas to Germany have become another flashpoint in a standoff…


Wall Street Falls as Bank Contagion Fears Flare Up

Wall Street’s main indexes fell on Friday as investors fled from risky assets on growing concerns that a contagion in the banking sector had not been fully averted despite assurances from key officials. Treasury Secretary Janet Yellen said late on Thursday afternoon that measures will be taken to keep Americans’ deposits safe, but that did…


LG Energy Solution to Invest Over $5.5 Billion to Build Battery Plant in US

LG Energy Solution (LGES) said on March 24 that it would proceed with its plan to build a battery manufacturing complex in Arizona, investing 7.2 trillion won ($5.52 billion) to meet the increasing demand for batteries. LGES, one of the world’s largest battery makers, previously said it reviewed the project due to the “unprecedented economic…