US stocks fell on Wednesday, snapping a seven-day winning streak, while bond prices rose as Treasury yields slipped. The S&P 500 dropped 0.38%, while the Dow Jones Industrial Average slid 0.31%. Inflation in October ticked up 2.3% on a 12-month basis, according to the U.S. Commerce Department. Core inflation rose 0.3% on the month, higher … Read more
The US has imposed new chip sanctions on China, set to deal a significant blow to its self-reliance push in the semiconductor industry. Major domestic suppliers could be blacklisted under these measures, according to sources. The US Commerce Department declined to comment on the sanctions, while China’s foreign ministry spokeswoman Mao Ning condemned the move, … Read more
The US government has finalized nearly $8 billion in funding for Intel under the CHIPS and Science Act. The semiconductor manufacturer will receive approximately $7.86 billion to build new manufacturing facilities across four states – Arizona, New Mexico, Ohio, and Oregon. This is slightly less than the initial $8.5 billion announced in March. As part … Read more
A new class of infections has emerged in the Linux world, mirroring the notorious UEFI bootkits that target Windows machines. The malware, dubbed Bootkitty, infects firmware that runs before the operating system loads, allowing it to persist even after a hard drive replacement or format. Researchers at ESET have detected Bootkitty on VirusTotal and believe … Read more
Larian Studios’ publishing director Michael Douse has shared his thoughts on Stalker 2: Heart of Chernobyl’s commercial success, stating that it represents a significant shift in what players want from games. The game’s publisher, GSC World, recently announced that over a million copies had been sold since launch, with many more playing on Game Pass. … Read more
A luxury oceanfront condo in Surfside, Florida is listed for sale at a record-breaking $28 million. The 5,185-square-foot unit, part of the exclusive Arte Surfside development, boasts stunning views of the ocean and features high-end finishes throughout. Designed by Italian architect Antonio Citterio, the building offers an “Italian feeling” that captivates buyers. The condo’s living … Read more
Nvidia (NVDA) remains on the IBD Leaderboard list of top growth stocks despite facing increased pressure. However, its stock price has recently declined after a string of record highs and another earnings beat. Apple (AAPL) has surpassed Nvidia in terms of market capitalization weighting on the Nasdaq. The decline is attributed to increased volatility and … Read more
A luxurious home in Pacific Palisades, designed by local developer Ardie Tavangarian, has been listed for $24.5 million. The 11,095-square-foot house, built in 2008, boasts stunning coastal modern architecture and expansive views of the city, coastline, Catalina Island, and Santa Monica Mountains. The property, located on a double lot, features seven bedrooms, 11 bathrooms, and … Read more
The Biden administration has announced that it will award up to $7.86 billion in direct funding to Intel, with the company set to receive at least $1 billion by the end of the year. The funds are part of the CHIPS Act, a bipartisan bill passed in 2022, which aims to reduce the US’s reliance … Read more
US President Donald Trump has appointed retired US Army General Keith Kellogg as his special envoy to Ukraine, with a focus on negotiating an end to fighting between Ukrainian government forces and Russian-backed separatists. General Kellogg’s plan involves freezing the battle lines, allowing for negotiations between Ukrainian officials and their Russian counterparts. However, some critics … Read more