News Gist .News

Articles | Politics | Finance | Stocks | Crypto | AI | Technology | Science | Gaming | PC Hardware | Laptops | Smartphones | Archive

Topic: Politics (3212)

US Faces Devastating Losses for Weather Forecasts, Federal Workers Say Δ1.57

The National Oceanic and Atmospheric Administration (NOAA) has canceled leases for research centers and slashed its staff, resulting in "devastating" effects on the agency's operations. The federal agency that produces weather forecasts and leads research on climate and the oceans has plans to lay off around 50 percent of its staff. Current employees are warning that these cuts will have a significant impact on the accuracy and reliability of weather forecasts.

Why Broadcom Stock Is Falling Today Δ1.51

Shares of semiconductor company Broadcom (NASDAQ: AVGO) plummeted after it was reported that the company is testing Intel's manufacturing chip process. Broadcom designs its chips but doesn't manufacture them, with most processors currently made by Taiwan Semiconductor Manufacturing (TSMC). The stock fell by as much as 4.2% today, largely due to investors' concerns about potential implications for chip production and AI development.

TSMC to Spend $100B to Expand Chip Manufacturing in US, Trump Announces. Δ1.56

TSMC, the world's biggest semiconductor manufacturer, plans to invest $100 billion in the United States, President Donald Trump said Monday, on top of $65 billion in investments the company had previously announced. The investment will be for three more chip manufacturing plants, along with two packaging facilities, in Arizona. This move aims to restore American dominance in the global semiconductor market and create thousands of high-paying jobs.

TSMC to Spend $100B to Expand Chip Manufacturing in US, Trump Announces Δ1.57

TSMC plans to invest $165 billion in the United States, including $100 billion for three new chip manufacturing plants and two packaging facilities, alongside its existing investment of $65 billion. The company's expansion aims to increase production capacity and create thousands of high-paying jobs, with President Donald Trump calling it a "tremendous move" for economic security. This significant investment reflects the growing importance of semiconductors in modern industries, including AI, automobiles, and advanced manufacturing.

The Future of AI-Powered Assistants Is Shaping Up Δ1.53

Panos Panay, Amazon's head of devices and services, has overseen the development of Alexa Plus, a new AI-powered version of the company's famous voice assistant. The new version aims to make Alexa more capable and intelligent through artificial intelligence, but the actual implementation requires significant changes in Amazon's structure and culture. According to Panay, this process involved "resetting" his team and shifting focus from hardware announcements to improving the service behind the scenes.

Nvidia (NVDA) Stock Is Sinking Today Δ1.52

Nvidia's stock is retreating after an analyst at Japanese bank Mizuho warned that the U.S. could eventually prevent the tech giant from selling any of its chips to Chinese entities. A Total Ban Could Be Imposed. The Biden administration has already prevented NVDA and its peers from shipping their most advanced chips to China, and the Trump administration is mulling over the idea of increasing the number of NVDA chips that cannot be shipped to China without licenses. What's more, the administration is also pressuring its allies to put curbs on the export of chip-making equipment to the Asian country.

OPEC's Oil Output Soars Ahead of Planned Revival Δ1.60

OPEC's crude production has reached its highest level in over a year, driven by gains from Iraq, Venezuela, and the United Arab Emirates. The organization is planning to revive its supply cuts, but delegates are considering delaying the restart due to faltering consumption in China and increased output from the US, Guyana, and Canada. As OPEC's production increases, the group's discipline has shown signs of weakening.

Tariffs Take a Toll on Tech Stocks Δ1.58

Nvidia's shares fell on Monday as concerns mounted over AI-related spending and the impact of new tariffs set to take effect. Shares of Palantir were up on Monday as Wedbush analyst said the company's unique software value proposition means it actually stands to benefit from initiatives by Elon Musk's Department of Government Efficiency. The chip manufacturer seems cautious about limitations on the export of AI chips.

Tariffs Imposed on Canada and Mexico Sink US Stocks Δ1.62

US stocks plummeted on Monday afternoon, with selling accelerating in the last hour of trading after President Trump indicated there was "no room left" for tariff negotiations with Canada and Mexico, indicating that new levies against both countries will go into effect tomorrow. The S&P 500 fell 1.7%, posting its worst day of 2025, while the tech-heavy Nasdaq Composite dropped 2.6%. The Dow Jones Industrial Average fell nearly 650 points, or almost 1.5%, as the major US indexes came off a volatile week and a losing February.

Tariffs Due to Take Effect at 12:01 A.m. Tuesday. Δ1.61

The U.S. government's decision to impose 25% tariffs on goods from Canada and Mexico has sent shockwaves through financial markets, with stocks tumbling sharply in late afternoon trading. The move is expected to deal a serious setback to the highly integrated North American economy, which relies heavily on trade between its southern and northern neighbors. The tariffs are scheduled to take effect at 12:01 a.m. EST on Tuesday.

Kroger CEO Ousted in Stunning Shake-Up--What Really Happened Behind Closed Doors? Δ1.59

Kroger's sudden leadership change has sent shockwaves through the retail industry, leaving investors to wonder about the true reasons behind Rodney McMullen's resignation. The company maintains that the issue was unrelated to financial performance or operations, but its seriousness prompted a violation of ethics policies. As Kroger navigates this transition, it must also address ongoing legal disputes and the lingering impact of its failed merger attempt.

More Reports Claim 2024 Was the Worst Year for Ransomware Attacks Yet. Δ1.52

2024 has been marked as a record-breaking year for ransomware attacks, with a 65% increase in detected groups and 44 new malware variants contributing to almost a third of undisclosed attacks. The healthcare, government, and education sectors were disproportionately affected, while emerging groups like LockBit and RansomHub accounted for a significant number of incidents, highlighting the growing sophistication of cybercriminals. As organizations face escalating financial and reputational risks, the need for proactive cybersecurity measures has never been more urgent.

Illinois Man Pleads Guilty to Deadly Parade Shooting Δ1.54

Robert Crimo III entered the guilty plea moments before opening arguments in his trial. An Illinois man has pleaded guilty to a deadly shooting at a 2022 Independence Day parade in a Chicago suburb that killed seven and injured dozens. The suspect, 23, had previously pleaded not guilty to first degree murder and attempted murder charges.

Ray Dalio: Debt Crisis Could Cause 'Economic Heart Attack' For Us Economy in the Next 3 Years Δ1.58

Billionaire hedge fund manager Ray Dalio has warned that the US economy is at a critical inflection point due to the escalating debt crisis, which could lead to an "economic heart attack" within the next three years if left unchecked. The national debt has more than tripled since 2000 to an estimated $36.2 trillion, and if not addressed, it could lead to a spike in interest rates and depreciation of fiat currencies. Dalio believes that reducing the deficit to 3% of GDP through tax adjustments and spending cuts is crucial to preventing such consequences.

Top Stock Movers Now: Nvidia, Broadcom, Intel, and More. Δ1.59

U.S. equities experienced a midday decline driven by disappointing economic reports and apprehensions regarding potential new tariffs from the Trump administration. Shares of Nvidia and Broadcom fell as both companies tested Intel's chip manufacturing process, while Kroger's stock declined following the resignation of its CEO amid an internal investigation. In contrast, Tesla's stock rose after being named Morgan Stanley's "Top Pick" in the U.S. auto sector, highlighting the varied performance of stocks influenced by broader market concerns.

Cozy Cats Live in a Raspberry Pi-Powered Luxury Automated Smart House Δ1.55

This amazing project is the ultimate expression of love for our feline friends, showcasing a luxurious smart home designed specifically for cats. The maker's use of Raspberry Pi and ESP32 sub-systems has created an automated haven with advanced features like temperature control, motion detection, and even night vision. This incredible setup provides a comfortable and safe environment for the pets, allowing their owners to pamper them in style.

Belkin Announces New Power Banks, Headphones, Dock, and More at MWC. Δ1.58

Belkin has unveiled a range of mobile and computer accessories including portable power banks, headphones, a travel charger, and a GaN dock during the Mobile World Congress 2025. The new products, featuring innovative designs and varying capacities, will be available in select markets over the coming months, with a focus on sustainability through the use of recycled materials. This expansion highlights Belkin's ongoing commitment to enhancing user experience while pursuing its goal of 100% carbon neutrality by 2030.

Threats at Transportation Hubs Pose National Security Concerns. Δ1.53

Police evacuated Vienna's main train station on Monday over an unspecified threat, halting rail traffic before giving the all clear around 90 minutes later. The police did not describe the threat, but some Austrian media said it was a bomb threat, echoing a series of empty bomb threats in Austria last year that prompted the clearing of larger stations and delays to train traffic. National rail company OBB warned continued delays and cancellations were expected as the station reopened.

Google Upgrades Gemini AI Capabilities for All Users Δ1.51

Google is upgrading its AI capabilities for all users through its Gemini chatbot, including the ability to remember user preferences and interests. The feature, previously exclusive to paid users, allows Gemini to see the world around it, making it more conversational and context-aware. This upgrade aims to make Gemini a more engaging and personalized experience for all users.

Crypto Stocks Rally, Bitcoin Jumps as Trump Touts US Crypto Reserve Δ1.61

Crypto stocks rallied Monday after Trump said in a post on Truth Social that his administration will create a US crypto reserve. President Donald Trump's announcement sparked a $300 billion global crypto rally Sunday that has continued to start the trading week. The jump comes after bitcoin saw its worst month in February since June 2022, dropping roughly 17% as the so-called "Trump trade" lost steam.

Consumer Watchdog Payouts in Limbo as Agency Defanged by Trump Administration. Δ1.61

The Trump administration's decision to put the U.S. Consumer Financial Protection Bureau on ice has left a $100 million pot of money intended for borrowers allegedly harmed by the student loan servicer Navient sitting in limbo, according to an advocacy organization. Compensation payouts to be made amount to hundreds of millions of dollars, but idled agency staff unable to review and approve payments have brought these payments into question. Without authorization from the agency, these payouts cannot go forward, leaving borrowers without a clear path to receive the compensation they are entitled to.

Palantir (PLTR) Shares Skyrocket, What You Need To Know Δ1.55

Shares of data-mining and analytics company Palantir (NYSE:PLTR) jumped 5.6% in the morning session after Wedbush analysts reaffirmed their Buy rating, suggesting they are unshaken in their resolve, despite the company surrendering most of its post-earnings (Q4 2024) stock gains amid worries about government budget cuts. The analysts highlighted Palantir's ability to win a bigger share of the remaining pie, citing its AI capabilities and involvement in key military projects. However, this move may be short-lived as concerns surrounding the company's financials and CEO Alex Karp's new stock plan continue to cast a shadow over the stock.

Intel (INTC) Stock Trades Up, Here Is Why. Δ1.51

Shares of Intel (NASDAQ: INTC) surged 6.6% in pre-market trading following reports that Broadcom and Nvidia are testing Intel's 18A manufacturing process, signaling strong interest from high-profile clients. Despite the positive movement, Intel's stock remains volatile, having experienced numerous significant fluctuations over the past year, with a current price still significantly lower than its 52-week high. Market reactions suggest that while this news is encouraging, it may not fundamentally alter investor perceptions of Intel's long-term value.

Samsung Unveils New Tri-Fold Smartphone Concept with Galaxy Z Flip Design. Δ1.51

The new concept, called the Asymmetric Flip, builds on the Galaxy Z Flip form factor and theoretically removes the centre crease from a clamshell foldable. The device would leave a gap when closed, which could be a durability concern in a retail unit, but its taller design would defeat one of the major reasons for the form factor's existence. Samsung Display is developing tri-fold panels for both clamshell and book-style form factors.

Trump Administration's Deportation Policies Under Fire in Federal Court Δ1.63

The Trump administration's decision to end temporary protections against deportation for thousands of Haitian and Venezuelan migrants living in the United States has been challenged in a federal court lawsuit, citing racial bias and discriminatory policies. The lawsuit argues that the administration lacked authority under the statute governing Temporary Protected Status (TPS) to reverse the extension granted by Democratic former President Joe Biden's administration last year. The decision will have far-reaching consequences for hundreds of thousands of migrants who could face deportation and loss of work permits.

SEC Dangles $50,000 Incentive for Employees to Resign or Retire. Δ1.55

The US Securities and Exchange Commission is offering a voluntary separation incentive of $50,000 to eligible employees who resign or retire by April 4, in an effort to reduce the agency's workforce as part of the Trump administration's plans to slash the size of the federal government. The offer comes amidst reports of thousands of potential job cuts, with some staff members already being instructed to return to the office starting April 14. However, eligible employees must be willing to forfeit their retirement benefits if they accept a voluntary separation agreement and return to work within five years.

Droplets of Less Volatile Liquids Can Bounce Off Any Surface Δ1.52

Hot droplets of less volatile liquids like soybean oil and silicone oil have lower saturation pressures than water, allowing them to bounce off any surface. The Hong Kong physicists discovered that by using these hot droplets on various cold surfaces, they could achieve enhanced bouncing due to the faster cooling rate at the bottom of the droplet compared to its top. This phenomenon, dubbed "self-lubricated bouncing," has significant implications for improving combustion efficiency and fire-retardant coatings.

TikTok's Uncertain Future in the US and the People Who Want to Buy It Δ1.57

TikTok, owned by the Chinese company ByteDance, has been at the center of controversy in the U.S. for four years now due to concerns about user data potentially being accessed by the Chinese government. The platform's U.S. business could have its valuation soar to upward of $60 billion, as estimated by CFRA Research’s senior vice president, Angelo Zino. TikTok returned to the App Store and Google Play Store last month, but its future remains uncertain.

Samsung Display Unveils Flexible Briefcase Concept. Δ1.51

The Samsung Flexible Briefcase is the latest example of Samsung Display's large form-factor foldable display. Based around a huge 18.1-inch OLED display, the Foldable Briefcase also provides a respectable 184 PPI thanks to a QHD+ resolution. The briefcase element serves as the device's housing, given its integrated power and volume buttons.

Trump Send Crypto Prices Soaring After Surprise Announcement of Strategic Government Reserve Δ1.61

Cryptocurrency prices jumped after President Donald Trump's surprise announcement he wants the U.S. government to purchase and hold a variety of digital assets in a strategic reserve fund, an announcement that highlights Trump's growing attempts to use volatile cryptocurrency prices as a barometer of his public support. The announcement helped crypto prices rebound, at least temporarily, after recent sell-offs. Trump said on social media Sunday that his administration is working toward creating a “Crypto Strategic Reserve” that will include lesser-known cryptocurrencies XRP, solana, and cardano.

Cloud Giants Bet Big on AI as Data Center Spending Soars Δ1.51

The cloud giants Amazon, Microsoft, and Alphabet are significantly increasing their investments in artificial intelligence (AI) driven data centers, with capital expenditures expected to rise 34% year-over-year to $257 billion by 2025, according to Bank of America. The companies' commitment to expanding AI capabilities is driven by strong demand for generative AI (GenAI) and existing capacity constraints. As a result, the cloud providers are ramping up their spending on chip supply chain resilience and data center infrastructure.

A Shocking AI Chip Scandal Just Rocked the Market--And Nvidia Could Be Caught in the Crossfire Δ1.51

Singapore's recent fraud case has unveiled a potential smuggling network involving AI chips, raising concerns for Nvidia, Dell, and regulatory bodies worldwide. Three individuals have been charged in connection with the case, which is not tied to U.S. actions but coincides with heightened scrutiny over AI chip exports to China. The investigation's implications extend beyond Singapore, potentially affecting the entire semiconductor supply chain and increasing pressure on major companies like Nvidia and Dell.

The Market Seesaws Amid Manufacturing Data — Dow Falls 400 Points in Turbulent Session Δ1.60

U.S. stocks experienced a dramatic turnabout on Monday as the ISM manufacturing index came in lower than expected at 50.3, resulting in new orders contracting and prices surging. The Dow Jones Industrial Average fell 403 points, or about 0.9%, while the S&P 500 was off 1% and the Nasdaq Composite dropped almost 1.6%. Investors are now cautious ahead of planned tariffs on Mexico and Canada set to come into effect on Tuesday.

Banning the Enemy: Russia's Permanent Exclusion of Japanese Citizens Δ1.57

Russia has permanently banned nine Japanese citizens from entering the country, including Foreign Minister Takeshi Iwaya, in response to Japan's sanctions against Russia over the Ukraine conflict. The decision is part of a long-standing retaliation strategy employed by Moscow, targeting individuals and companies deemed enemies or opponents. This move reinforces the pattern of diplomatic exclusion used by Russia to counter opposition.

Alibaba Launches RISC-V-Based XuanTie C930 Server CPU — AI/HPC Chip Ships This Month, More Designs T Δ1.51

The launch of Alibaba's XuanTie C930 marks a significant milestone in the company's push for dominance in the emerging RISC-V CPU market. As the global landscape becomes increasingly hostile to Chinese tech companies due to U.S. export laws and trade tensions, Alibaba is seeking to capitalize on its expertise in cloud-server CPU design. With the C930, Alibaba aims to strengthen its position as a leader in AI and HPC computing.

US Tariffs on Canada and Mexico Will Go Ahead, Says Commerce Chief Δ1.59

The US commerce chief, Howard Lutnick, has confirmed that the president's threat of blanket import taxes on Canada and Mexico will proceed as planned, despite concerns from both countries about the potential economic impact. The tariffs, which are expected to be announced on Tuesday, will likely lead to a significant escalation in trade tensions between the two nations and could have far-reaching consequences for global markets. The exact details of the tariffs will depend on negotiations with Canadian and Mexican officials.

Hulu’s Streaming Headaches Derail Oscars Simulcast Effort Δ1.50

This year’s Academy Awards presentation was plagued by issues from the word go, with many would-be viewers unable to log in to Hulu just as the broadcast was starting. The problems persisted throughout the evening, including sporadic stream freezes and image issues, which culminated in Hulu cutting off the stream prematurely. Users were left frustrated and disappointed, with some vowing never to watch a live event on Hulu again.

Tesla's AI and Robotics Efforts Get Top Pick Status From Morgan Stanley, Boosting Shares. Δ1.57

Tesla shares rose 2% on Monday after Morgan Stanley reinstated the electric-vehicle maker as its top U.S. auto pick, saying the company's artificial intelligence and robotics efforts could power growth even as the mainstay car business stumbles. The note dated Sunday was the latest from analyst Adam Jonas, a longtime Tesla bull who has praised the company's push beyond autos as sales face pressure from high U.S. borrowing costs and fierce Chinese competition. Industry data showed Tesla sales fell 45% in Europe in January while overall EV sales jumped 37% in the region.

Dogecoin, Shiba Inu, and Cardano Experience Extreme Volatility Following Trump's Comments on U.S. Strategic Crypto Reserve Δ1.61

The recent comments from President Donald Trump about a potential U.S. strategic crypto reserve have sent shockwaves through the cryptocurrency market, with meme tokens Dogecoin and Shiba Inu experiencing significant price swings in response to the news. Meanwhile, Cardano has seen its price surge by over 51% in the last 24 hours, leading to extreme volatility in the sector. The lack of clarity on which cryptocurrencies will be included in the reserve has left investors uncertain about the potential impact of a U.S. strategic crypto reserve.

How Do the Post Office Scandal Compensation Schemes Work? Δ1.54

The UK government has taken over responsibility for the Overturned Convictions Scheme, which compensates victims of the Horizon IT scandal, previously managed by the Post Office. This change comes after criticisms that the Post Office should not control compensation decisions for those affected by its own failures, with over 4,000 individuals now eligible for various compensation schemes. The complexity and length of these processes have drawn scrutiny, as many victims continue to wait for adequate redress for their suffering.

Intel's Divisions in Spotlight as TSMC, Broadcom Circle Δ1.55

Intel is under scrutiny as its rival chipmakers, Taiwan Semiconductor Manufacturing Co and Broadcom, explore potential deals that could split the American chip giant. Intel's three main segments - products division, foundry, and others - are being examined by these companies, which design their own chips or offer custom chipmaking services to external customers. The divisions face challenges from fierce competition and shifting spending priorities in the cloud industry.

Intel's Divisions in Spotlight as TSMC, Broadcom Circle. Δ1.55

Intel is facing potential deals from its biggest rivals Taiwan Semiconductor Manufacturing Co and Broadcom that could split the company into separate divisions. Intel has three main segments: PRODUCTS DIVISION, which designs chips and faces fierce competition; INTEL FOUNDRY, a manufacturing business that offers custom chip-making services to both products and external customers; and ALL OTHER, which includes standalone businesses such as Altera and Mobileye Global.

Zapier Data Breach Raises Concerns Over Customer Information Security. Δ1.52

Zapier, a popular automation tool, has suffered a cyberattack that resulted in the loss of sensitive customer information. The company's Head of Security sent a breach notification letter to affected customers, stating that an unnamed threat actor accessed some customer data "inadvertently copied to the repositories" for debugging purposes. Zapier assures that the incident was isolated and did not affect any databases, infrastructure, or production systems.

US Said to Halt Offensive Cyber Operations Against Russia Δ1.61

The United States has reportedly ceased its offensive cyber operations against Russia as part of a strategic shift by the Trump administration to facilitate negotiations aimed at ending the war in Ukraine. This decision, authorized by Defense Secretary Pete Hegseth, marks a significant change in the U.S. government's approach to perceived cyber threats from Russia, despite earlier assessments labeling Russia as an enduring cyber threat. The halt in operations, which does not extend to espionage efforts by the NSA, reflects broader tensions regarding cybersecurity priorities and the administration's evolving threat assessment.

US Said to Halt Offensive Cyber Operations Against Russia Δ1.61

The United States has suspended its offensive cyber operations against Russia, according to reports, amid efforts by the Trump administration to grant Moscow concessions to end the war in Ukraine. The reported order to halt U.S.-launched hacking operations against Russia was authorized by U.S. Defense Secretary Pete Hegseth. The new guidance affects operations carried out by U.S. Cyber Command, a division of the Department of Defense focused on hacking and operations in cyberspace.

The 7 Best Toys We Saw at Toy Fair 2025, From a Lego Boat to a Hatching, Robotic Dinosaur. Δ1.52

The New York Toy Fair 2025 showcased an impressive array of innovative toys, highlighting brands like Crayola, Spin Master, and Lego, among others. Featured products included Spin Master's Primal Hatch, a robotic dinosaur that hatches from an egg, and Crayola's Colourwhirls, which combines art with playful mechanics. The event not only sets the stage for upcoming toy trends but also offers a glimpse into how technology and creativity continue to redefine play experiences for children.

Market Shift Around the Corner? Δ1.54

The freight market's recent volatility may signal an impending change as small carriers navigate declining demand and fluctuating rates. The industry is experiencing a shift in power dynamics, with smaller carriers struggling to keep up with demand while larger carriers capitalize on the situation. As the market continues to adjust, it's essential for carriers to adopt strategic decision-making.

Backup Powerhouse with a Steep Learning Curve Δ1.54

Iperius Backup 8.5 is an extremely powerful backup program that offers a broad feature set, including VM backup and imaging, and supports multiple destinations per job. The program's flexibility makes it an attractive option for IT types, but its complexity may intimidate end users. The free version of Iperius offers limited functionality, while the paid version provides a comprehensive set of features.

UN Food Agency Shuts Southern Africa Bureau During Drought, Citing Low Funding Δ1.57

The United Nations World Food Programme is closing its Southern Africa bureau due to funding constraints, the agency said on Monday as the region struggles to withstand a severe drought. The closure will affect operations in countries such as Lesotho, Malawi, Zambia, Zimbabwe, and Namibia, which have declared national disasters. The agency's funding has been severely impacted by US aid cuts, including a reduction of 90% of foreign aid contracts.

Shipping Giant Sees Uncertainty Ahead Despite Record Year Δ1.54

CMA CGM, the world's third-largest liner operator, reported a strong financial performance in 2024, with revenue and earnings improving due to geopolitical stresses such as Red Sea diversions and tariff fears. The company's full-year revenue reached $55.5 billion, up 18% year-over-year, while its net income grew by 2.07%. CMA CGM's logistics business also performed well, driven by strategic investments made in recent years.