Month: July 2025
Trump-backed crypto regulation bills fail to clear key hurdle in Congress
Storm clouds hover over the U.S. Capitol on July 1, 2025 in Washington, DC. Chip Somodevilla | Getty Images Several cryptocurrency-related bills backed by President Donald Trump failed to clear a key procedural hurdle in the House of Representatives on Tuesday, dealing a major blow to the crypto industry. The final vote on the rule […]
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GM expands production of gas-powered SUV, trucks in Michigan
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht for Chevrolet General Motors said Tuesday it will move production of a gas-powered SUV to an assembly plant in Michigan and add manufacturing of […]
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WNBA’s Portland Fire unveils name and logo ahead of 2026 tipoff
Portland Fire’s new logo and the return of its original team name. Courtesy: Portland Fire | WNBA Portland’s WNBA expansion team on Tuesday unveiled its new branding and name — the Portland Fire — a rekindling of the city’s previous WNBA team that played from 2000 to 2002. The new logo features a rose on […]
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Rolls-Royce invests $75 million to expand South Carolina plant
A Rolls-Royce aircraft engine on view during the Hannover Messe industrial trade fair on March 31, 2025. Ronny Hartmann | Afp | Getty Images British aerospace and defense company Rolls-Royce announced it is investing $75 million to expand its engine manufacturing facility in Aiken, South Carolina. The investment will boost output of mtu Series 4000 […]
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Joby Aviation says it is doubling production at its air taxi manufacturing hub
JoeBen Bevirt, founder and CEO of Joby Aviation, stands near an electric air taxi by Joby Aviation at the Downtown Manhattan Heliport in Manhattan, New York City, U.S., November 12, 2023. Roselle Chen | Reuters Joby Aviation is ramping up its manufacturing capabilities in the U.S. as it races to roll out air taxi service […]
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Commerce Secretary Lutnick says China is only getting Nvidia’s ‘4th best’ AI chip
Howard Lutnick, U.S. Secretary of Commerce speaks during the Pennsylvania Energy And Innovation Summit 2025 at Carnegie Mellon University in Pittsburgh on July 15, 2025. David A. Grogan | CNBC Commerce Secretary Howard Lutnick on Tuesday said the Trump administration reversed course on allowing Nvidia to sell its AI chips to China because the U.S. […]
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Crypto super PAC Fairshake reports $141 million war chest
Jakub Porzycki | Nurphoto | Getty Images Fairshake, the cryptocurrency industry’s most powerful political action committee, announced Tuesday that it now holds more than $141 million in cash on hand, underscoring the sector’s growing influence as Congress takes up landmark legislation this week. The total, which includes liquid assets like crypto, stock, and cash, reflects […]
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Citigroup beats second-quarter estimates as markets and banking revenues jump
Jane Fraser, CEO, Citigroup, speaks at the 28th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 5, 2025. Patrick T. Fallon | AFP | Getty Images Citigroup reported second-quarter results on Tuesday that topped analyst expectations, helping to boost a stock that has already been outperforming the broader […]
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AMD to resume MI308 AI chip exports to China
Lisa Su, chair and CEO of Advanced Micro Devices Inc., during the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023. David Paul Morris | Bloomberg | Getty Images Advanced Micro Devices said Tuesday that it will soon restart shipments of its MI308 artificial intelligence chips to China. The stock climbed 7% […]
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Jeff Bezos taps former Amazon Alexa head to lead $10 billion Earth fund
Jeff Bezos gestures as he leaves Aman Venice hotel, ahead of his expected wedding, in Venice, Italy, on June 25, 2025. Guglielmo Mangiapane | Reuters Jeff Bezos is bringing in a veteran Amazon executive to oversee his $10 billion climate and biodiversity fund. Tom Taylor, who previously ran Amazon’s Alexa voice assistant division, will serve […]
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