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As the world grapples with a shortage of semiconductors, South Korea's chipmakers are spending huge amounts of money to shore up their production in the decade ahead.
Samsung (SSNLF) and SK Hynix on Thursday announced plans to expand their investments in semiconductors through 2030 by allocating tens billions of dollars of new money to the sector. READ MORE
As pandemic restrictions ease, and more people get vaccinated and start returning to offices, some restaurants are seeing lunchtime crowds pick up. But this time, things are a little different.
Among the changes restaurant owners have encountered: Boozy lunches getting boozier. Attire that's less buttoned up. And at least one pandemic-era addition — the partition between tables — that has actually grown on customers. READ MORE
Applebee’s is the latest restaurant chain that’s put out a call for new hires.
The American-style "neighborhood grill and bar" announced Monday that it is hosting a national hiring event in May.
According to a company news release, the one-day event will be hosted across 1,600 restaurants. The chain’s current recruitment goal is aiming to onboard 10,000 restaurant workers. READ MORE
Never before has so much power been held by so few. And never before has that power been so egregiously abused.
The censorship applied to American news consumers by Facebook, Twitter, Amazon, Google, and Apple must be broken up. They have evolved into massive monopolies that pose a grave danger to democracy by suppressing speech with which they disagree. READ MORE
Big Tech and top chipmakers have formed a new lobbying group that is seeking government chip manufacturing subsidies.
The Semiconductor in America Coalition, made up of chip buyers including Amazon Web Services, Apple, Google and Microsoft, and manufacturers like American Micro Devices, Intel, Nvidia and Texas Instruments, has asked Congress to provide funding for the CHIPS for America Act, which authorized domestic chip manufacturing incentives and research initiatives. READ MORE
On Wednesday, April 28th, the White House announced the American Families Plan, the “human capital” infrastructure proposal. The American Families Plan would spend $1.8 trillion, including $800 billion in tax cuts over ten years, offset by $1.5 billion in new taxes over the same period. This blog summarizes the tax provisions of the American Families Plan. READ MORE
Washingtonian magazine staffers launched a day-long protest on Friday in response to an op-ed written by their boss, who warned that continuing to work from home as the pandemic subsides could make employees less valuable and easier to "let go."
Cathy Merrill, chief executive of the District of Columbia-centered magazine, shared her concerns about the popularity of remote work in a Washington Post op-ed published Thursday, originally titled: "As a CEO, I want my employees to understand the risks of not returning to work in the office." READ MORE
Up until last week, even prior Big Pharma naysayers were touting the successful development of effective COVID-19 vaccines. Within 15 months of the pandemic, not one, but three pharmaceutical companies developed and made available vaccines to lead the United States toward immunity nirvana. Now, over 250 million doses have been delivered in under five months.
Rather than congratulating Big Pharma on their tremendous efforts during a time of peril, last week President Biden held true on a controversial campaign promise doing the opposite. READ MORE
In non-aerobatic fixed-wing aviation, spins are an emergency. If you don’t have spin recovery training, you can easily make things worse, dramatically increasing your chances of crashing. Despite the life-and-death consequences, licensed amateur pilots in the United States are not required to train for this. Uncontrolled spins don’t happen often enough to warrant the training.
Startups can enter the equivalent of a spin as well. My startup, Kolide, entered a dangerous spin in early 2018, only a year after our Series A fundraise. We had little traction and we were quickly burning through our sizable cash reserves. We were spinning out of control, certain to hit the ground in no time. READ MORE
The semiconductor industry's constant challenge is to make microchips that are smaller, faster, more powerful and more energy efficient — simultaneously.
On Thursday, IBM (IBM) announced it has created a 2-nanometer chip, the smallest, most powerful microchip yet developed. READ MORE
A bubble could be brewing in steel stocks.
The pandemic brought the American steel industry to its knees last spring, forcing manufacturers to shut down production as they struggled to survive the imploding economy. But as the recovery got underway, mills were slow to resume production, and that created a massive steel shortage. READ MORE
Inflation talk, after years of being dead in the water, is gaining momentum on Main and Wall Street as reports of higher prices at the grocery store and the pump, with gas averaging $2.91 a gallon per AAA, are fueling the conversation.
"Mentions of "inflation" are now up nearly 800%" compared to the year-ago first-quarter earnings season, noted the team at Bank of America led by Savita Subramanian. READ MORE
Before Netflix dropped in-app purchases on the iOS Store, Apple really tried to convince them to keep the option, according to internal emails revealed in the Epic vs. Apple court case. Spotted by 9to5 Mac, the documents show that Apple offered to advertise Netflix in its retail stores, pay for search ads and even bundle Netflix with its own services. READ MORE
Twitter just made a change to the way it displays images that has visual artists on the social network celebrating.
In March, Twitter rolled out a limited test of uncropped, larger images in users’ feeds. Now, it’s declared those tests a success and improved the image sharing experience for everybody. READ MORE
Shares of COVID-19 vaccine makers fell on Thursday as governments debated plans to waive patent protection for the shots, with analysts saying the move could rattle investor sentiment or weigh on longer-term business prospects. READ MORE
The number of Americans filing for first-time unemployment benefits fell to a new pandemic low last week, the latest evidence that layoffs are slowing as the economic rebound strengthens. READ MORE
Carmakers hoping for relief from the acute global chip shortage may have to wait until 2023 before things return to normal, German semiconductor supplier Infineon warned on Tuesday.
Infineon’s own inventories are depleted; downstream facilities responsible for final assembly are waiting on shipments of raw chips; and its factory in Austin would need four months to fully recover from February’s storm-related power outages in Texas. READ MORE
Is a company making profit or a loss? It’s undoubtedly an important question in the minds of managers, investors, bankers, and boards of directors (investors would like to buy shares of, and banks would prefer to lend money to, a profitable company). But surprisingly, this question is becoming increasingly difficult to answer. The bottom-line number in income statements, which shows a profit or a loss, is calculated after so many deductions and adjustments that it provides no assurance of a firm’s core profitability. Compounding this development is the fact that, along with earnings based on Generally Accepted Accounting Principles (GAAP), firms increasingly report a number called non-GAAP or pro-forma earnings. READ MORE
When Alice Fair flaunted north-facing views from the 48th floor of a skyscraper in Lower Manhattan, her audience was quiet. Most were on mute. READ MORE