Meta said Thursday it would cut about 8,000 jobs, or roughly 10% of its workforce, as the company pushes further into artificial intelligence spending while trying to improve efficiency. The company said the reductions are meant to free up resources for new investments in other parts of the business. Bloomberg also reported that Meta plans to leave about 6,000 positions…
Union Pacific has initiated early discussions to acquire Norfolk Southern, aiming to build the first coast-to-coast freight rail network in the United States. While the talks remain preliminary and non-binding, the proposal could represent a historic shift in the U.S. rail landscape. Executives familiar with the matter have not confirmed details publicly, but the strategic intent is to link the…
New Plan Targets Buyers, Not Just Russia President Donald Trump has unveiled a high-stakes strategy aimed at ending the war in Ukraine — not by targeting Russia directly, but by threatening punitive economic measures on countries that continue to purchase Russian oil. Chief among them are China and India, two of the world’s largest energy consumers and most critical markets.…
At the China International Supply Chain Expo in Beijing, Nvidia CEO Jensen Huang took a cautious stance when asked about the resumption of H20 chip exports to China. Speaking to reporters, Huang made it clear that the decision to lift restrictions on Nvidia’s high-performance AI chip was not a result of his lobbying, but the outcome of government-level negotiations between…
White House Eases Restrictions Following CEO’s Push Nvidia announced it will restart sales of its advanced H20 artificial intelligence chip to China, signaling a shift in U.S. trade policy that could have major implications for the global tech industry. The decision follows a meeting between Nvidia CEO Jensen Huang and President Donald Trump, where Huang argued that continued restrictions on…
Despite major policy initiatives, U.S. manufacturing has yet to show a clear resurgence. Under President Joe Biden, federal subsidies and tax credits aimed at chipmakers and electric vehicle producers led to a brief boom. Between April 2021 and October 2024, factory construction surged as incentives encouraged domestic investment, tripling capital spending in some sectors. This wave of optimism, however, has…
Broader Deduction Aims to Ease Tax Burden in High-Tax States The new tax-and-spending-cut legislation brings a significant change for federal income tax filers: an increased cap on the state and local tax (SALT) deduction. This adjustment, raising the previous $10,000 limit to $40,000 for the 2025 tax year, represents a notable shift from the rules established under the 2017 Tax…
