Samsung Electronics Co. has won a huge order to provide 5G communication equipment to Dish Network, marking the company’s second success in the U.S. 5G market. Samsung’s chief Lee Jae-yong, who is currently on parole over a bribery case, played an important role in finalizing the deal, but outgoing President Moon Jae-in said he would…
Samsung Wins Another Big 5G Order in the United States
May 11, 2022
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Elon Musk Says Tesla Open to Buying a Mining Company
Tesla Inc is open to buying a mining company if producing its own supply of electric vehicle (EV) metals would speed up worldwide adoption of clean energy technologies, Chief Executive Officer Elon Musk said on Tuesday. Concern is mounting across the EV industry that there may not be enough supply of lithium, nickel, copper, and…
Here’s What Warren Buffett Thinks About Tesla And Elon Musk
Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) CEO Warren Buffett is one of the most successful and well-respected investors of all time, and Tesla, Inc. (NASDAQ:TSLA) is one of the most controversial investments on Wall Street these days. So when Buffett sat down with Yahoo Finance for an interview in 2020, it’s only natural that editor-in-chief…
Gulf State OPEC Members Sound Alarm About Dwindling Global Energy Capacity
Saudi Arabia and the United Arab Emirates warned on May 10, that their spare energy capacity is decreasing in all energy sectors as key producers reduce investment in fossil fuels, pushing oil, diesel, and natural gas to trade at near-record highs. Brent oil was trading at around $102 a barrel as of the afternoon of…
LIVE UPDATES: Ukraine’s Pipeline Operator to Stop Russian Natural Gas Flow
The latest on the Russia–Ukraine crisis, May 11. Click here for updates from May 10. Ukraine’s Pipeline Operator to Stop Russian Natural Gas Flow Ukraine’s natural gas pipeline operator said it would stop Russian shipments through its Novopskov hub in a part of eastern Ukraine controlled by Moscow-backed separatists. It said the hub handles about…
LIVE UPDATES: House Approves $40 Billion in Ukraine Aid
The latest on the Russia–Ukraine crisis, May 11. Click here for updates from May 10. House Approves $40 Billion in Ukraine Aid The U.S. House emphatically approved a fresh $40 billion Ukraine aid package Tuesday as lawmakers beefed up President Joe Biden’s initial request, signaling a magnified, bipartisan commitment to thwart Russian President Vladimir Putin’s…
The Fed Made a Serious Mistake
Commentary The latest released U.S. inflation was expected to slow down. The rationale behind such a bet by the economists might be the high base of a year ago: March 2021 was at 2.6 percent, and April 2021 was 4.2 percent. If only in this sense, a slower number for last month may not mean…
CryptoPunk NFT Bought for $1 Million Sells for $139,000
A non-fungible token (NFT) from the “Cryptopunks” series has reportedly changed hands for just 55 Ether, having previously sold for several times that amount last October. On Sunday, Cryptopunk #273 was at a value of about $139,000, after previously having sold for $1.03 million last October. This NFT is one of a series of 10,000 heavily…
GOP Senator Issues Challenge to Biden After President Blasts Republicans’ Economic Plan in Speech
Republican lawmakers responded in a flurry of tweets to President Joe Biden’s speech on May 10 on inflation, in which the president cast himself as the ally of struggling American families and repeatedly took jabs at the GOP leadership in Congress, saying they plan on making things even tougher on working people. Biden’s Argument The…
COVID-19 Vaccine Producer Hid Evidence of Problems: Report
May 10, 2022
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Executives at a company that produced millions of COVID-19 vaccine doses attempted to hide evidence that some of the doses were contaminated, according to a congressional report released on May 10. Emergent BioSolutions “took repeated steps to conceal its quality failures from the federal government and other third parties by limiting access to Bayview, tampering…
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