The Biden administration announced final new rules shaping the electric vehicle (EV) landscape Wednesday, with a $7.4 billion investment in EV charging, while EV maker Tesla is opening up proprietary charging stations to all. The White House announced in a press release that $7.4 billion of the federal budget will be allocated for EV charging…
Tesla Making Some EV Chargers Available to All, as White House Announces New EV Rules
Chinese Spy Balloon Had Maneuvering Ability and Similarities to Google AI Balloon Project: Ex-DoD Official
February 15, 2023
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Business & MarketsChinaCompaniesNational Securityspy balloonThreat from Communist ChinaUSUS-China relations
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The Chinese spy balloon had maneuvering capability and had similarities to the Google balloon project Loon, which utilized AI analytics in its operations, according to Col. (Ret.) John Mills, an author and former director of cybersecurity policy, strategy, and international affairs at the Department of Defense. “What’s very interesting is in 2012, I was at…
Project Veritas’ Director Releases Statement About James O’Keefe
The executive director of Project Veritas issued a statement Wednesday after it was reported that founder James O’Keefe was placed on paid leave, sparking some donors to issue a cease-and-desist letter. Daniel Strack, the director, issued a statement via Project Veritas’s Twitter account that said O’Keefe has not been removed from his position. Strack said…
M&M’s Maker Fined After Two Workers Fell into a Tank of Chocolate
U.S. regulators have fined Mars Wrigley, the maker of M&M’s and Snickers, following an accident last June when two workers fell into a tank of chocolate at its factory in Elizabethtown, Pennsylvania. The Occupational Safety and Health Administration (OSHA) imposed a fine of more than $14,500 for the incident, citing it as “serious” in a…
US Retail Sales Post Biggest Gain in Nearly 2 Years
WASHINGTON—U.S. retail sales increased by the most in nearly two years in January after two straight monthly declines as Americans boosted purchases of motor vehicles and other goods, pointing to the economy’s continued resilience despite higher borrowing costs. Coming on the heels of news on Tuesday that monthly inflation picked up in January, signs of…
Elon Musk Hopes to Have Twitter CEO Toward the End of Year
February 15, 2023
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Business & MarketsCEOCompaniesElon MuskMedia & Big TechMiddle EastSocial MediaTechTech NewsTwitterUSUS NewsWorld
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DUBAI, United Arab Emirates—Billionaire Elon Musk said Wednesday that he anticipates finding a CEO for Twitter “probably toward the end of this year.” Speaking via a video call to the World Government Summit in Dubai, Musk said making sure the platform can function remained the most important thing for him. “I think I need to…
‘RIP Cancel Culture,’ Says Musk, as Joe Rogan Claims People Not ‘Scared’ to Express Themselves on Twitter Now
February 15, 2023
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Business & Marketscancel cultureCompaniesElon MuskJoe RoganSocial IssuesTechTech NewsTwitterUSUS News
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Cancel culture has been brought to an end on Twitter, declared Elon Musk, responding to a discussion between podcast host Joe Rogan and journalist Matt Taibbi who helped publish the “Twitter files” exposé. “RIP Cancel Culture, you won’t be missed,” Musk stated in a tweet on Feb. 14. In the podcast discussing “Twitter 2.0 and the Fall…
Elon Musk Donates Nearly $2 Billion in Tesla Shares to Charity
The CEO of Tesla and Twitter, Elon Musk, donated nearly $2 billion in Tesla shares to charity last year. Currently the world’s second-richest person, the Tesla CEO owns around 13 percent of the company’s stock, Reuters reported. Around a total of 11.6 million shares from the electric car company, worth $1.95 billion, were given away by Musk as…
Australia Needs to Recruit Thousands More Tech Workers
Australia needs to train and recruit tens of thousands more tech workers to fuel the economy and should not be distracted by the “blip” forcing many tech giants to cut their workforces, a National Press Club audience has heard. Technology Council of Australia chief executive Kate Pounder warned the country would need policy changes and…
Global Stocks Mixed After US Inflation Feeds Rate Hike Fears
February 15, 2023
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Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BEIJING—Asian stocks fell and European markets opened mixed Wednesday after U.S. inflation edged down less than expected, fueling concern the Federal Reserve might think more interest rate hikes are needed. London, Tokyo, and Shanghai declined. Frankfurt advanced. Oil prices fell by more than $1 per barrel. Wall Street futures were lower after official data Tuesday…
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