Shanghai Debut Sees Shares Soar by 13%

Shanghai Debut Sees Shares Soar by 13%

Visitors visit the stand of Huahong Group at an exhibition in Shanghai, China, June 15, 2023. On August 7, 2023, Huahong Group, the world’s sixth largest foundry semiconductor manufacturer, officially landed on the A-share science and technology innovation board, and the opening price rose by more than 13% on the first day. (Photo by Costfoto/NurPhoto …

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Despite sanctions, U.S. microchips are still powering Russia’s military

Despite sanctions, U.S. microchips are still powering Russia’s military

Recent analysis reveals that Russia is obtaining Western microchips and semiconductors through intermediaries like China to power its military arsenal. In 2022, Russia imported $2.5 billion worth of semiconductor technologies, a significant increase from $1.8 billion in 2021. These advanced technologies, including semiconductors and microchips, are crucial for modern warfare and are used to power …

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Hiring Challenges Arise with Supreme Court Affirmative Action

Hiring Challenges Arise with Supreme Court Affirmative Action

Affirmative action has been a topic of intense debate, with supporters and counterprotesters clashing outside the Supreme Court. But the implications of the recent ruling on college admissions go beyond the courtroom, as major businesses express concerns about how it could impact their diversity goals and hiring practices. Companies like Apple, General Electric, Google, Salesforce, …

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Challenges Emerge for China-Dependent Companies as SharkNinja Makes NYSE Debut

Challenges Emerge for China-Dependent Companies as SharkNinja Makes NYSE Debut

SharkNinja, the home appliance and vacuum cleaner company, made its debut on the New York Stock Exchange after being spun off from JS Global Lifestyle. Despite an impressive initial surge in stock price, SharkNinja’s performance declined in the following days, raising concerns for investors. The company’s reliance on China and the escalating geopolitical tensions between …

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User X Takes Control of ‘@music’ Handle with 500K Followers

User X Takes Control of ‘@music’ Handle with 500K Followers

Twitter, now known as X, has acquired the handle “@music” from Jeremy Vaught, an open-source software developer. Vaught had built a community of around half a million followers on his account, which he created in 2007. X forced him to surrender the username but offered him alternative handles related to music. Despite not being satisfied …

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Autonomous Waymo Robotaxis Set to Launch in Austin, Texas

Autonomous Waymo Robotaxis Set to Launch in Austin, Texas

Passengers experience the luxury of riding in an electric Jaguar I-PACE car equipped with Waymo’s cutting-edge full self-driving technology in the scenic city of Santa Monica, California, on February 21, 2023. Photographer: Allen J. Schaben | Source: Los Angeles Times | Getty Images Waymo, the autonomous vehicle company owned by Alphabet, is set to make …

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Google Woos Workers Back with On-Campus Hotel ‘Exclusive’

Google Woos Workers Back with On-Campus Hotel ‘Exclusive’

Google CEO Sundar Pichai is implementing a new strategy to entice employees back to the office by offering a special on-site hotel deal. However, not all workers are convinced that it’s a good offer. According to CNBC, the company is allowing full-time employees to book a room at an on-campus hotel in Mountain View for …

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Judge limits scope of Google antitrust suits by states and DOJ

Judge limits scope of Google antitrust suits by states and DOJ

Google CEO Sundar Pichai appeared before the House Judiciary Committee at the Rayburn House Office Building in Washington, DC. The recently released decision from a federal judge has narrowed the case that states and the Department of Justice can make in the upcoming antitrust trial against Google, set to begin on September 12. While this …

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Robinhood: Alphabet Sells Over 90% of Its Stake

Robinhood: Alphabet Sells Over 90% of Its Stake

The Google headquarters in Mountain View, California, Jan. 30, 2023. Marlena Sloss | Bloomberg | Getty Images Google parent company Alphabet has reduced its holdings in several publicly traded firms, including Robinhood, 23andMe, and Duolingo. According to SEC filings, Alphabet has sold off nearly 90% of its stake in Robinhood, disposing of more than 4.3 …

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Astra implements workforce reductions, secures additional debt, and alters strategy for survival

Astra implements workforce reductions, secures additional debt, and alters strategy for survival

An Astra Spacecraft Engine during testing. Astra Struggling space company Astra is implementing a 25% reduction in its workforce, as announced on Friday. The company aims to restructure and give more emphasis to its spacecraft engine business, which will result in a delay in the development of its small rocket. Astra is presently cutting approximately …

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