U.S. Economy Archives

3 Minutes

Technology

‘I am a fan of Modi’: Elon Musk on his friendship with Indian Prime Minister Modi

Sources June 21, 2023

Indian Prime Minister Narendra Modi (R) meets with Elon Musk (L) in New York, United States on June 20, 2023. (Photo by Indian Press Information Bureau (PIB) / Handout/Anadolu Agency via Getty Images) Indian...

3 Minutes

Technology

‘It’s not a bubble yet’: Wharton’s Jeremy Siegel predicts Big Tech boom fueled by A.I.

Sources May 29, 2023

Wharton professor and renowned economist Jeremy Siegel is bullish on a Big Tech boom fueled by artificial intelligence despite concerns of a bubble. An AI chip craze, driven by demand for AI-powered chatbots and high-powered graphics...

6 Minutes

Technology

Temu accused of data risks after sister app was suspended for malware

Sources May 17, 2023

In just 17 days after launch, Temu surpassed Instagram, WhatsApp, Snapchat and Shein on the Apple App Store in the U.S., according to Apptopia data shared with CNBC. Stefani Reynolds | Afp | Getty...

3 Minutes

Technology

Hyundai explains how it plans to become one of the world’s top three EV makers by 2030

Sources May 10, 2023

A presenter stand next to Hyundai’s all-electric SUV ‘IONIQ 5’ during its launch at the Auto Expo 2023 on January 11, 2023 in Greater Noida, India. Ajay Aggarwal | Hindustan Times | Getty Images...

3 Minutes

Technology

DOJ announces seizure of cybercrime marketplace Genesis while Treasury issues sanctions

Sources April 5, 2023

U.S. Secretary of the Treasury Janet Yellen delivers opening remarks during an event highlighting “anti-corruption work as a cornerstone of a fair, accountable, and democratic economy” as part of the 2023 Summit for Democracy...

5 Minutes

Technology

TikTok wants to distance itself from China — but Beijing is getting involved

Sources March 24, 2023

China and U.S. flags are seen near a TikTok logo in this illustration picture taken July 16, 2020. Florence Lo | Reuters BEIJING — China says it would “strongly oppose” a forced sale of...

4 Minutes

Technology

These tech giants are still making money, but layoffs are coming hard and fast

Sources March 24, 2023

Google and Facebook parent Meta are some of the companies that have laid off workers in recent months. Beata Zawrzel | Nurphoto | Getty Images From the U.S. to Europe and Asia, global tech...

4 Minutes

Technology

Bitcoin is already up 50% this year — beating stocks and gold

Sources March 15, 2023

Bitcoin is up 50% so far in 2023, beating major commodities and stock indexes. Industry insiders said the bank collapses have sent investors looking for alternatives to the traditional banking system and there is...

4 Minutes

Technology

Elon Musk apologizes after calling disabled Twitter employee who was laid off ‘the worst’

Sources March 8, 2023

Elon Musk speaking at Tesla Investor Day. Courtesy: Tesla Elon Musk on Tuesday backed down from his attacks on a disabled Twitter employee who was laid off by the company and apologized for what...

2 Minutes

Technology

Vietnamese EV maker VinFast remains optimistic despite challenging entry to U.S. auto market

Sources March 8, 2023

A VinFast VF8 electric car on display in a showroom. Yu Ruidong | China News Service | Getty Images It has been a challenge for Vietnamese electric vehicle maker VinFast to crack the U.S....