Business News [UP]

President Joe Biden said that the CHIPS Act, which would provide $52 billion in subsidies to domestic semiconductor manufacturers, is “really important” to national and economic security....Read More

The NFL launched the league’s first streaming service, NFL+, on Monday and the new service will begin broadcasting live games next week....Read More

South Korea’s LG Energy Solution announced plans to strengthen its business alliance with Ford Motor and supply more batteries to the U.S. automaker....Read More

Jay Carney, the former White House press secretary under President Barack Obama, will leave Amazon for Airbnb, the vacation rental company announced Friday....Read More

T-Mobile on Friday agreed to a $350 million settlement of a class-action lawsuit stemming from the 2021 cyberattack in which data relating to 76 million people was stolen....Read More

The three major stock indexes in the United States ended the week with gains despite a tech sell-off Friday led by Snap, the company behind the app Snapchat....Read More

Herbert Diess, who took over European auto giant Volkswagen after a catastrophic emissions device scandal that stretched to the United States, will step down as chairman at the end of August....Read More

Twitter surprised Wall Street Friday when it reported a loss of $270 million in the second quarter of 2022, a period that saw billionaire Elon Musk agree to buy the social platform and then back out...

Trucker protests shut down the Port of Oakland in California’s Bay Area on Thursday, the major cargo hub announced....Read More

The company that develops gaming software “Minecraft” has announced that it will not allow users to integrate NFTs into the game in an effort to allow everyone access to the same content....Read More