Amazon, Google, Microsoft, and Oracle have been awarded lucrative cloud contracts valued at up to $9 billion in total, the U.S. Department of Defense (DoD) announced on Dec. 7. The contracts were awarded to the four tech companies to help build the Joint Warfighting Cloud Capability (JWCC), which will replace the Joint Enterprise Defense Infrastructure (JEDI) and effectively streamline…
Google, Oracle, Amazon, and Microsoft Awarded $9 Billion Cloud Deals: Pentagon
December 8, 2022
admin
AmazonBusiness & MarketsCompaniesDepartment of DefenseeconomyExecutive BranchGoogleInvestmentMedia & Big TechmicrosoftNational SecurityPoliticsUSUS News
0 Comment
Where Does Wall Street See US and Global Stocks in 2023?
It was a year that investors will not look back on with great nostalgia, as all three leading benchmark indexes touched bear market territory before paring some of their losses. Year to date, the Dow Jones Industrial Average tumbled about 8 percent, the Nasdaq Composite Index cratered roughly 30 percent, and the S&P 500 Index…
National Security Concerns Prompt Bill to Modernize Foreign Investment Screening
The Liberal government says it will make the most significant updates to the federal investment screening law in more than a decade to address evolving national security concerns. Industry Minister François-Philippe Champagne plans to table the proposed changes to the Investment Canada Act later today. Champagne’s ministerial mandate letter directs him to promote economic security…
European Tech Industry Loses $400 Billion Market Value, Report Says
December 7, 2022
admin
Business & Marketseconomic policieseconomyEuropeinflationInvestmentmarketMarketsreportTechTech NewsWorld
0 Comment
LONDON/STOCKHOLM—The European tech industry saw $400 billion in value wiped out this year and an 18 percent decline in venture capital funding, according to a report from venture capital firm Atomico. The combined value of public and private tech firms in Europe fell to $2.7 trillion, down from $3.1 trillion in late 2021. High interest…
South Carolina Incentivizes Electric Vehicle and Battery Production
December 6, 2022
admin
Business & MarketscobaltCompanieseconomyElectric VehiclesenergyInflation Reduction ActInvestmentSouth CarolinaUSUS News
0 Comment
South Carolina has joined the growing list of states that are incentivizing the production of electric vehicles and their batteries. On Dec. 6, Republican Gov. Henry McMaster and Envision Automotive Energy Supply Company—a Japanese electric vehicle battery technology company—announced an $810 million investment in Florence County to build a battery cell plant that McMaster said…
Will a Dollar Decline Be Good for Stocks?—Part 1
Commentary Will a dollar decline be good for stocks? It is an interesting question, given that during 2022 there was a significant non-correlation between the dollar and the stock market. The strong dollar rally was something I suggested could be a problem for stocks, given what happened in 2020. It was a running debate with…
‘The Mother of All Economic Crises Looms,’ Warns Economist Nouriel Roubini
December 6, 2022
admin
Business & Marketsdebt burdenseconomic crisiseconomic policieseconomic recessioneconomyglobal economic crisisInvestmentNouriel RoubinirecessionUSUS News
0 Comment
Economist Nouriel Roubini has warned about an impending economic crisis in the global economy that policymakers will likely not be able to handle. Following the explosion of leverage, borrowing, and deficits in recent decades, the world economy is now moving towards an “unprecedented confluence” of financial, debt, and economic crises, Roubini warned in a Dec….
‘Like We Just Split the Atom’: ChatGPT AI Shakes Up Tech
December 5, 2022
admin
AIBusiness & MarketsChatGPTChinaChina Human RightsCompanieseconomyEducation & Family NewsElon MuskInvestmentMedia & Big TechOpenAIOrgan Harvesting in ChinaScienceScience NewsTechTech NewsThreat from Communist ChinaUSUS FeaturesUS NewsUS-China relations
0 Comment
The artificial intelligence (AI) hub OpenAI may have made a significant advance in the drive to supplement or replace human wit and wisdom with the machine. Its conversational chatbot “ChatGPT,” launched on Nov. 30, has taken the tech world by storm. By Dec. 5, it had reached 1 million users, as claimed by OpenAI CEO…
Industry Group Calls for More US Investment in Chip Design
December 5, 2022
admin
boston consulting groupBusiness & MarketsCHIPS and Science ActCompaniesInvestmentMarketsSemiconductor Industry AssociationsemiconductorsTech
0 Comment
The U.S. government enacted a massive bill earlier this year directing more than $52 billion in federal investment into semiconductor research and manufacturing, with the goal of strengthening local supply chains and countering China’s rising clout in the important high-tech sector. But an industry group is calling for tens of billions in additional funding, saying…
BofA Warns of Looming Unemployment Shock, Recommends Selling Stock Rallies
Bank of America (BofA) analysts are warning of a collapsing U.S. labor market and a potential rise in unemployment next year. They also recommended selling a stock market rally ahead of the likely surge in job losses. “Bears (like us) worry unemployment in 2023 will be as shocking to Main Street consumer sentiment as inflation…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`