Last week, reports from Bloomberg, Reuters, and CNBC presented some conflicting details regarding a supposed U.S. Department of Justice (DOJ) subpoena issued to Nvidia (NASDAQ: NVDA) as part of an alleged antitrust investigation. Nvidia’s public relations team denies that the company has been subpoenaed, but the mere idea of such action led to some selling activity for the semiconductor stock since the news was first reported on Sept. 4.While clear information about what is going on is minimal right now, it might be useful for investors (or potential investors) to take a closer look at the situation and think about…
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Scotland’s only oil refinery is to close by the summer of next year, with the loss of 400 jobs.Petroineos said the closure of Grangemouth was due to it being unable to compete with sites in Asia, Africa and the Middle East.The company said the decision would “safeguard fuel supply for Scotland” by converting the site into a terminal able to import petrol, diesel, aviation fuel and kerosene into Scotland – but would require a workforce of fewer than 100 employees compared to the current 475.The company announced last November it intended to close the plant, but union leaders had hoped…
A billionaire spacewalker returned to Earth with his crew on Sunday, ending a five-day trip that lifted them higher than anyone has traveled since NASA’s moonwalkers.▶ WATCH CHANNEL 9 EYEWITNESS NEWSSpaceX’s capsule splashed down in the Gulf of Mexico near Florida’s Dry Tortugas in the predawn darkness, carrying tech entrepreneur Jared Isaacman, two SpaceX engineers and a former Air Force Thunderbird pilot.They pulled off the first private spacewalk while orbiting nearly 460 miles (740 kilometers) above Earth, higher than the International Space Station and Hubble Space Telescope. Their spacecraft hit a peak altitude of 875 miles (1,408 kilometers) following Tuesday’s…
Reginald Mathalone / NurPhoto / Shutterstock.comWhen planning a move to a new state, it’s important to consider everything from the local tax rates to the state’s laws. But the upcoming presidential election has the potential to significantly impact life in certain states.Check Out: Mark Cuban and Many Other Venture Capitalists Are Supporting Harris for President — Here’s WhyRead Next: 9 Things You Must Do To Grow Your Wealth in 2024If Kamala Harris wins the presidency, you might want to change your moving plans. Based on the political policies that Harris is campaigning on, these states might see significant changes and…
A wallet with a fan of five bills coming out of itImage source: Upsplash/The Motley FoolThe best things in life may be free, but you can’t buy groceries with sunshine and puppy snuggles. You’re going to need to swipe your credit card or plunk down some cash at some point.But just because you’re spending money doesn’t mean you have to waste money. There are even some purchases that will initially cost you but will save or earn you money down the line. Let’s look at a few examples.1. Sign up for an airfare watch membershipIt’s a privilege to get to…
The U.S. Federal Reserve is widely expected to finally start taking its foot off the interest rate brakes this week, and that will give authorities at China’s central bank room to act too. By extension, the move in Washington, D.C. could also spell good news for Chinese stocks. “U.S. monetary easing could be a catalyst for a rerating of growth sectors in Chinese markets, with growth outperforming value,” by an average of 44 percentage points, HSBC analysts said late last week, referring to the higher price-to-earnings ratios they think stocks in China may command. “We stress that earnings growth is…
Editor’s Note: This article is part of U.S. Democracy Day, a nationwide collaborative on Sept. 15, the International Day of Democracy, in which news organizations cover how democracy works and the threats it faces. To learn more, visit usdemocracyday.org.California is ruled by Democrats, but it’s also one of the most small-D democratic states in the nation.Direct democracy – or legislating through the ballot – has been baked into the Golden State’s political system for well over a century, allowing voters to legislate and amend the constitution at the ballot box, placing them on equal footing with state lawmakers.It’s a right…
The end of 2023 was not a great time for the crypto industry. In November, Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, learned that no amount of Michael Lewis gymnastics could save him from being convicted on seven charges of fraud and conspiracy. He was eventually sentenced to 25 years in prison after disappearing $11 billion of other people’s money. The following month, Sen. Elizabeth Warren sent letters to three crypto industry giants, the Blockchain Association, Coin Center, and Coinbase, criticizing them for undermining efforts to rein in crypto’s use in terrorist financing.Around the same time, crypto groups…
California may be a veritable paradise on Earth, with a salutary climate, famously pleasant weather year-round, and abundant natural resources, but it’s no secret that the Golden State also has its share of natural disasters. Recent years have seen an acceleration of wildfires in California, born of warm weather, extensive forests – and human activity. Of the 20 largest wildfires recorded in the state, 13 have occurred in just the last decade.The year 2019 was a particularly difficult year for California, as the wildfires were devastating and widespread, and in some cases were started by problems in the state’s utility…
Alanis and Prop. 36“Retail theft and housing are issues in state Assembly race in Stanislaus County,” (modbee.com, Feb. 13)As a lifelong resident of Modesto, I know two things that will have my vote this election year: Proposition 36 and Assemblyman Juan Alanis.Alanis has been talking about the need to make changes to Proposition 47 since the first time he ran, and now he is getting behind a movement that will make our community safer to live in.We are lucky to have purchased a home before the pandemic. There is no chance that we would be able to afford a home…