A rotation away from Big Tech and into smaller stocks was a big drag on the Nasdaq Composite on Wednesday. The tech-heavy index fell 1.2%, while the S&P 500 was down 0.7%. The Dow was down just 100 points, or 0.2%.
A rotation away from Big Tech and into smaller stocks was a big drag on the Nasdaq Composite on Wednesday. The tech-heavy index fell 1.2%, while the S&P 500 was down 0.7%. The Dow was down just 100 points, or 0.2%.
Need To Escape Socialism? Come To Florida! Authored by Jeffrey Folks via American Thinker , The difference between red and blue states is not just a matter of degree; it is a qualitative difference based on the loss of freedom in blue states and an entirely different attitude in the red states. The best example is the contrast between what now exists in New York and Florida. Whereas New York, espe...
Need To Escape Socialism? Come To Florida! Authored by Jeffrey Folks via American Thinker , The difference between red and blue states is not just a matter of degree; it is a qualitative difference based on the loss of freedom in blue states and an entirely different attitude in the red states. The best example is the contrast between what now exists in New York and Florida. Whereas New York, especially New York City, is slipping into a socialist nightmare, Floridians are living the dream. In New York, freedom is constrained by high taxes and regulations, and things are only getting worse. In Florida, taxes are low and getting lower, and the sun almost always shines. Image: Donkey Hotey via Flickr , CC BY 2.0 . Florida voters understand the importance of limited government , and they have created a well governed, fiscally sound state. Eliminating the state income tax in its entirety was only the beginning: Now there is movement toward lowering property taxes or eliminating them altogether, which would benefit nearly everyone in the state. Gov. Ron DeSantis is perhaps the biggest supporter of property tax reform. The governor proposed eliminating property taxes for all Floridians in his 2025 State of the State address, in which he said forcing citizens to pay property taxes for life is like “ renting one’s property from the government.” T he governor’s proposal would apply to all property, including commercial and rental property. There is widespread support for some form of property tax relief, but the devil is in the details. An interim plan to rebate approximately $1,000 to owners of primary residences was proposed in March 2025. In response, Senate Bill 7034 was introduced to create a legislative commission to study the feasibility of eliminating all or part of the state’s property taxes and with the likelihood of a state constitutional amendment to appear on the 2026 ballot. Other legislative proposals include an increase in the state’s homestead exemption (curr...
After weeks of sexualized images of women and children being generated with Grok with very limited interventions from Elon Musk's xAI, California Attorney General Rob Bonta plans to investigate whether Grok's outputs break any US laws. In a press release Wednesday, Bonta said that "xAI appears to be facilitating the large-scale production of deepfake nonconsensual intimate images that are being us...
After weeks of sexualized images of women and children being generated with Grok with very limited interventions from Elon Musk's xAI, California Attorney General Rob Bonta plans to investigate whether Grok's outputs break any US laws. In a press release Wednesday, Bonta said that "xAI appears to be facilitating the large-scale production of deepfake nonconsensual intimate images that are being used to harass women and girls across the Internet, including via the social media platform X." Notably, Bonta appears to be as concerned about Grok's standalone app and website being used to generate harmful images without consent as he is about the outputs on X. Read full article Comments
Yao Qian, who previously led the technology supervision division at the China Securities Regulatory Commission (CSRC), appeared in an anti-graft documentary aired Wednesday by state broadcaster CCTV A former senior Chinese financial official who once championed the country’s push into digital currency concealed millions of yuan worth of illicit cryptocurrency in cold wallets tucked inside an offic...
Yao Qian, who previously led the technology supervision division at the China Securities Regulatory Commission (CSRC), appeared in an anti-graft documentary aired Wednesday by state broadcaster CCTV A former senior Chinese financial official who once championed the country’s push into digital currency concealed millions of yuan worth of illicit cryptocurrency in cold wallets tucked inside an office drawer, according to a state television exposé. Yao Qian, who previously led the technology supervision department and the IT service center of the China Securities Regulatory Commission (CSRC), appeared in an anti-graft documentary aired Wednesday by state broadcaster CCTV, where he admitted to stockpiling the funds and believing the technological complexity of cryptocurrencies would obscure his wrongdoing.
BBC Persian has received dozens of accounts from inside Iran. Defiant despite potential repercussions, the witnesses said they wanted to ensure the rest of the world knew of the violence against the protesters.
BBC Persian has received dozens of accounts from inside Iran. Defiant despite potential repercussions, the witnesses said they wanted to ensure the rest of the world knew of the violence against the protesters.
The merger between Netflix Inc (NASDAQ:NFLX) and Warner Bros. Discovery (NASDAQ:WBD), which has seen Paramount Skydance (NASDAQ:PSKY) try to play spoiler, could have a new wrinkle with President Donald Trump sharing a piece on social media in opposition to the tie-up. Trump's Social Media Post Could Worry Netflix Netflix is the current winning bidder for Warner Bros. Discovery, with the streaming ...
The merger between Netflix Inc (NASDAQ:NFLX) and Warner Bros. Discovery (NASDAQ:WBD), which has seen Paramount Skydance (NASDAQ:PSKY) try to play spoiler, could have a new wrinkle with President Donald Trump sharing a piece on social media in opposition to the tie-up. Trump's Social Media Post Could Worry Netflix Netflix is the current winning bidder for Warner Bros. Discovery, with the streaming giant acquiring the film and television studio and streaming assets from the media giant. That deal
The US imposed a 25% tariff on imports of certain semiconductors, a key step in an agreement blessed by President Donald Trump allowing Nvidia Corp. to ship Taiwan-made H200 artificial intelligence processors to China. Under an order Trump signed on Wednesday, the government would collect the duty on the chips as they’re brought to the US before final shipment to Chinese customers and other foreig...
The US imposed a 25% tariff on imports of certain semiconductors, a key step in an agreement blessed by President Donald Trump allowing Nvidia Corp. to ship Taiwan-made H200 artificial intelligence processors to China. Under an order Trump signed on Wednesday, the government would collect the duty on the chips as they’re brought to the US before final shipment to Chinese customers and other foreign markets. Nvidia relies on Taiwan Semiconductor Manufacturing Co. to produce the chips it designs, including the H200 that was cleared for sale to China by Trump in December. “It’s not the highest level, but it’s a very good level. And China wants them, and other people want them, and we’re going to be making 25% of the sale of those chips, basically,” Trump told reporters Wednesday during a signing ceremony. The full text of the directive was not immediately available, and the scope could apply to chips other than the H200. Trump signed the measure a day after the Commerce Department’s Bureau of Industry and Security eased its criteria for securing licenses to export H200 chips to China. The president didn’t refer to Nvidia by name but cited two of its platforms, the Blackwell and the Rubin, saying “those are the two top but it’s a very good chip, and people want it, and we think it’s in our best interest to do it.” The duty would apply to chips “transshipped through the United States to other foreign countries” and not those used domestically, White House staff secretary Will Scharf said. That surcharge is a condition Trump required in exchange for allowing Nvidia to sell in China. The US must still take additional actions before Nvidia can send the chips to China, including the approval of export licenses by BIS. That process can take weeks or months and it’s unclear when it will conclude. Nvidia Wins Trump’s Approval to Sell H200 AI Chips in China Trump’s Reprieve for Nvidia’s H200 Spurred by Huawei’s AI Gains Trump’s Nvidia Shift Hands Xi an Opening on Security Curbs ...
Chips imported to the U.S. but not used for the domestic artificial-intelligence industry will be subjected to 25% tariffs following a tariff investigation, President Trump said. Trump recently said he is letting chip titan Nvidia sell its H200 chip to China in exchange for a 25% cut for the government that will be taken in the form of the tariff. “We’re going to make 25% on the sale of those chip...
Chips imported to the U.S. but not used for the domestic artificial-intelligence industry will be subjected to 25% tariffs following a tariff investigation, President Trump said. Trump recently said he is letting chip titan Nvidia sell its H200 chip to China in exchange for a 25% cut for the government that will be taken in the form of the tariff. “We’re going to make 25% on the sale of those chips,” Trump said Wednesday, adding that he expects to take in billions of dollars and that the H200 isn't nearly as good as Nvidia's top chips.
OpenAI signed a multiyear deal to use hardware from Cerebras Systems Inc. for 750 megawatts’ worth of computing power, an alliance that will support the company’s rapid build-out of AI infrastructure. OpenAI will integrate Cerebras into its computing network to provide faster response times, according to statement Wednesday. Though terms weren’t disclosed, people familiar with the matter put the s...
OpenAI signed a multiyear deal to use hardware from Cerebras Systems Inc. for 750 megawatts’ worth of computing power, an alliance that will support the company’s rapid build-out of AI infrastructure. OpenAI will integrate Cerebras into its computing network to provide faster response times, according to statement Wednesday. Though terms weren’t disclosed, people familiar with the matter put the size of the deal at more than $10 billion. “This partnership will make ChatGPT not just the most capable but also the fastest AI platform in the world,” said Greg Brockman , OpenAI co-founder and president. This speed will help unlock “the next generation of use cases and onboard the next billion users to AI,” he said. Cerebras, a semiconductor startup, has pioneered a unique approach to processing information using huge chips. It’s seeking widespread adoption of its technology in a bid to challenge market leader Nvidia Corp. That would allow it to tap into the tens of billions of dollars that’s being poured into new infrastructure for artificial intelligence computing. OpenAI, the maker of ChatGPT, is one of the biggest buyers of this new capacity and is working with a range of chip providers — including Nvidia — as well as building its own in-house components.