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Tech titan Sergey Brin pours 500K into revolt against SF ‘Overpaid CEO Tax’
Google co-founder Sergey Brin — who has been leading the campaign against California’s billionaire’s tax — has turned his vast fortune to to San Francisco politics. Brin has already shifted himself from Silicon Valley’s liberal bubble for a sprawling Nevada...
Nvidia’s Profit Hits $58.3 Billion as A.I. Boom Gathers More Steam
Another huge quarterly profit announced by the chip maker Nvidia on Wednesday provided solid evidence that Silicon Valley’s artificial intelligence spending spree is still gathering steam.Nvidia said that profit in its most recent quarter was $58.3 billion, up...
Feds probe suspicious oil trades worth $800M made just before major Iran war news: report
Wall Street regulators are investigating a batch of suspiciously well-timed oil trades worth more than $800 million amid mounting accusations of insider trading connected to the Iran war, according to a report. A flurry of US and international oil futures...
Gavin Newsom’s unemployment debt ripped by California congressman
A California Republican congressman is trying to hold the state government accountable for not picking up the tab on a $20 billion debt that Gov. Gavin Newsom and Democratic lawmakers have so far refused to pay. Rep. Vince Fong introduced the Creating...
Trump buys huge stake in popular Los Angeles conveyor sushi chain
President Donald Trump has added an unexpected company to his investment portfolio — an Irvine-based sushi chain known for serving dishes on conveyor belts, for robot servers and anime-themed prizes. Financial disclosures released this week show Trump purchased...
Doritos maker PepsiCo to hike prices on small chip bags: report
PepsiCo is preparing to raise prices on some of its smaller bags of chips due to higher expenses in the US, Bloomberg News reported on Wednesday. The planned increases were prompted by higher production, distribution and retail expenses in the US, and are not a...
Fed minutes from divisive meeting show officials prepping for possible rate hike as inflation fears intensify
Federal Reserve officials’ concerns about inflation being stoked by the Iran war intensified last month, with a growing number of them saying the central bank should lay the groundwork for a possible rate hike, a sign that incoming Chair Kevin Warsh will...
Ex-Meta worker warns of more firings to come — despite Zuckerberg pledge that bloodbath is over: ‘need therapy’
A freshly axed Meta employee warned yet another round of cuts will follow Wednesday’s brutal layoffs in the months ahead — despite assurances from CEO Mark Zuckerberg that this year’s bloodbath is over. Brittany Pierson, a Dallas-based content designer who...
Iconic American beer brand fizzling out after nearly 200 years of brews
One of America’s once-dominant beer brands is being discontinued after more than 175 years. Schlitz Premium, a beer brand that traces its roots to Milwaukee in the 1840s and was once among the largest breweries in the country, is being put “on hiatus,” parent...
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