Microsoft is investing $1.5 billion dollars in United Arab Emirates-based artificial intelligence firm G42, allowing the two to deepen ties amid the global battle for tech dominance. Based in Abu Dhabi, G42 runs data centers in the Middle East, and has increasingly identified itself as an AI firm. As part of the deal, G42 will […]
Firms are looking to expand manufacturing facilities beyond China as tension with the United States and other countries takes off some of its shine. Meanwhile, land is getting hard to find in a sprawling industrial park in southern India where workers are scrambling to build modern new warehouses and factories for companies betting on the […]
Apple has canceled work on its electric car, a source familiar with the matter told Reuters on Tuesday, a decade after the iPhone maker kicked off the project. The move draws the curtain on a plan that would have helped Apple break out into a new industry and potentially replicate the success of the iPhone. The project had […]
NTD Business host Don Ma has the latest updates on business news. The Federal Reserve left interest rates unchanged on Wednesday but took a major step toward lowering them in the coming months in a policy statement that tempered inflation concerns with other risks to the economy and dropped a longstanding reference to possible further […]
A Delaware judge tossed out Elon Musk’s record-breaking $56 billion Tesla pay package on January 30, calling the compensation granted by the EV maker’s board “an unfathomable sum” that was unfair to shareholders. The Tesla board has been criticized as failing to provide oversight of its combative, headline-making CEO, who has fought regulators and led […]
NTD was joined by Brian McCarthy of MacroLens LLC after a Hong Kong court ruled that struggling Chinese real estate developer Evergrande should be wound up. Mr. McCarthy said he doesn’t believe that China’s communist regime will actually obey the court.
LONGVILLIERS, France—Long lines of tractors blocked highways near Paris and across France on Monday, as angry farmers sought to put pressure on the government to do more to help them face inflation, compete with cheap imports, and make a living. The protests follow similar action in other European countries, including Germany and Poland, ahead of […]
The migrant crisis continues to impact cities like New York. The most recent incident was on Jan. 6, with a group of migrants robbing Bloomingdales of $5,300 worth of sunglasses, targeting high-end brands like Versace, Dior, and Prada.
A lot of California pizza delivery drivers may be looking for new jobs in the delivery industry or new lines of work. many California Pizza Hut’s are getting rid of drivers altogether, due to a raise in minimum wage. NTD’s Sean Marshall has more.
Student loan payments resumed in October, yet by mid-November, approximately 40 percent of the 22 million borrowers—totaling around 9 million individuals—had not made a payment, reported the Department of Education. Interest on these loans began accruing on September 1, despite official payment restarts occurring in October. The absence of payments has led to escalating debt, […]
On the platform, Temu offers affordable items of varying quality, occasionally raising concerns about product standards. The site features numerous replica products sporting designs akin to popular branded items. Electronics such as imitation Sony Playstation 5s, Apple Watches, and counterfeit iPods might easily mislead unsuspecting buyers or parents seeking budget-friendly gifts. Online videos often showcase […]
Yearly, the dazzling showcase in NYC’s Dyker Heights neighborhood ignites a local economic surge, estimated at around $10 million, vitalizing nearby businesses. Dyker Heights emerges as a coveted destination, renowned for its exquisitely crafted and professionally orchestrated light exhibitions that continually captivate audiences with their grandeur and artistry.
Amid allegations of anti-Semitism on social media platform X, formerly known as Twitter, and major advertisers pulling out from the site, there are questions being raised about whether owner Elon Musk has done a good job since his takeover of Twitter. NTD speaks to analyst Jeremy Tedesco, senior vice president of Corporate Engagement at Alliance […]
A recent report by a Taiwanese news outlet says China is allegedly assisting Hamas in constructing underground tunnels. For several years now, China has been secretly sending engineering troops from Egypt into Gaza to aid in the development of these tunnels. NTD Speaks to Rick Fisher, a China analyst and military expert, to find out […]
The cost to retire continues to increase and the Biden Administration is trying to tackle the issue. What are the measures involved, and how much will it improve the situation? NTD spoke with Derek Georgino, a risk consultant, who said that the new measures will help somewhat but not as much as some may believe.
The unemployment rate is giving Fed officials room to view the economy as undergoing a steady adjustment to the shock of the pandemic, rather than stuck in an inflationary status quo—which would force policymakers towards further rate increases—or a rush off the cliff toward recession—which would amp up political pressure on the central bank and […]
Federal Reserve Chair Jerome Powell said Wednesday that the U.S. central bank is not thinking about lowering rates right now. “The question of rate cuts just doesn’t come up” right now, Powell said at his press conference following the latest Federal Open Market Committee gathering. He added: “It’s fair to say the question we’re asking is […]
Just before Apple announced their new M3 chip, the most powerful ever for personal computers, Urban Outfitters was selling out of Apple iPods. Urban Outfitters continues to make full use of the profitable industry of nostalgia. Revamping old tech with a fresh spin, Retrospekt, a design studio specializing in retro technology restoration, has brought the […]
