Business News

Business News

U.S. preps China chip curbs that stop short of early proposals

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The Biden administration is weighing additional curbs on sales of semiconductor equipment and AI memory chips to China that would escalate the U.S. crackdown on Beijing’s tech ambitions but stop short of some stricter measures previously considered, according to people familiar with the matter. The restrictions could be unveiled as soon as next week, said … Read more

This is the next catalyst that could push Nvidia stock up to 27% higher by January, according to Citi

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SAM YEH/Getty, Tyler Le/BI Citi analysts put Nvidia on ‘positive catalyst watch’ for the next 90 days. Nvidia’s stock could rise as much as 27% as CEO Jensen Huang prepares to deliver the opening keynote at CES 2025. Nvidia’s GPU chips are central to AI workloads and, increasingly, humanoid robotics. Analysts at Citi put Nvidia … Read more

Feds seize more than $18M in phony Gibson guitars

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Check out what’s clicking on FoxBusiness.com. U.S. Customs and Border Protection (CBP) officials in Los Angeles seized more than $18 million in fake Gibson guitars in the largest counterfeit musical instrument seizure in history.   Working with local and federal agencies at the LA/Long Beach Seaport, agents intercepted the suspected cargo arriving in ocean containers … Read more

Rakovina Therapeutics Announces Private Placement Offering By Investing.com

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VANCOUVER, British Columbia, Nov. 27, 2024 (GLOBE NEWSWIRE) — Rakovina Therapeutics Inc. (TSX-V: RKV, the Company or Rakovina Therapeutics) a biopharmaceutical company committed to advancing new cancer therapies based on novel DNA-damage response technologies is pleased to announce a non-brokered private placement offering (the Offering) of up to $1.25 million. The Company has received initial … Read more

Donald Trump considers tough antitrust advocate for justice department unit

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Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump is considering naming an aggressive enforcer to lead the Department of Justice’s trustbusting team, as top Republicans set their sights on alleged anti-competitive conduct by Big Tech. Gail Slater, a top … Read more

How to watch, stream the 2024 Macy’s Thanksgiving Parade live online free without cable: NBC

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Thanksgiving is a day of tradition. The menu for dinner doesn’t change dramatically from year to year. The Detroit Lions will play football somewhere (and likely lose, if history is any indicator). And the day, in many households, will start with the Macy’s Thanksgiving Day Parade. The retailer has been a major part of this … Read more

Intel’s $7.86 billion subsidy deal restricts sale of its manufacturing unit

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By Stephen Nellis (Reuters) – Intel said on Wednesday its deal for $7.86 billion in U.S. government subsidies restricts the company’s ability to sell stakes in its chipmaking unit if it becomes an independent entity. The U.S. Commerce Department announced the subsidy to Intel on Tuesday, part of $39 billion for the sector including Taiwan … Read more