Grand jury looks into tech entrepreneur Singham for suspected fraud
Federal Investigation into Tech Tycoon’s Financial Activities A federal grand jury is probing alleged financial misconduct involving Neville Roy Singham, a tech magnate based in China. His financial contributions have reportedly supported a vast range of socialist, communist, and Marxist initiatives throughout the U.S. over the last decade. This inquiry, helmed by U.S. Attorney Jay […]
Many older tech employees are retiring at 55, but starting Social Security early results in smaller payments for life.
It seems many tech workers, especially those who’ve been in the game since before the dot-com bubble, are pondering retirement these days. Some are opting for it, while others… not so much. In fact, over 113,000 people in tech are expected to face layoffs in 2026. This wave of job cuts will affect 179 companies, […]
Trump warns that European nations taxing U.S. tech firms will face a full 100% tariff.
Trump Warns of Tariffs on European Digital Taxes President Donald Trump has indicated that European nations could impose 100% tariffs on U.S. businesses if they proceed with a digital services tax (DST). “Many European countries are discussing the impending implementation of a digital services tax on U.S. businesses,” Trump shared on TruthSocial. “Some of these […]
Global stocks slip as tech downturn weighs on markets
Global Markets and Oil Prices Experience Declines NEW YORK, June 26 (Reuters) – Global stock markets dipped on Friday, adding to a weekly decline as investors took profits from a surge in technology and semiconductor stocks. Oil prices also fell as more tankers departed the Strait of Hormuz, easing some supply concerns. On Wall Street, […]
Asian Stocks Fall as A.I. Doubts Impact Tech Shares
Oil Prices Decline Amid Ongoing Ship Traffic Oil prices saw a drop on Friday, as it became clear that vessels continued to navigate the Strait of Hormuz, even after Iran’s recent attack on a container ship the day before. Brent crude oil, a key global benchmark, decreased by over 3%, settling around $73 per barrel. […]
SoftBank drops 11% as Asian tech sector follows U.S. losses
SoftBank Group Faces Decline Amid AI Cost Concerns SoftBank Group, based in Japan, saw its stock fall over 11% on Friday. This decline reflects growing worries in the market regarding the escalating costs associated with artificial intelligence infrastructure. Japanese firms were particularly hard hit, contributing to a broader downturn in Asian technology stocks, which followed […]
Special Regulations for Tech Leaders in Washington Said to Exempt Mark Zuckerberg and Sundar Pichai
Senate Judiciary Chairman Chuck Grassley has reportedly decided to let Meta CEO Mark Zuckerberg and Google CEO Sundar Pichai avoid testifying in upcoming hearings after the White House stepped in on their behalf, according to a report by Politico. Instead of the high-profile leaders, Grassley has agreed to allow lower-profile executives to appear at a […]
Major tech companies increase data center investments to $850B, with Meta and Microsoft putting in billions.
Meta and Microsoft are at the forefront of tech firms investing heavily in leasing data centers for artificial intelligence, with each spending tens of billions of dollars in the last quarter, according to a report. This new agreement brings the overall future data center lease value among major cloud companies to over $850 billion. The […]
Elon Musk no longer holds trillionaire status as tech downturn affects Tesla and SpaceX.
Elon Musk’s Wealth Takes a Hit After SpaceX IPO At SpaceX’s recent IPO event, Elon Musk delivered a compelling speech. He talked about his early uncertainties regarding the company’s trajectory but underscored the significance of making life multiplanetary. His vision seemed to spark excitement about the future for everyone involved. In an unexpected turn, Musk’s […]
YouTube resolves lawsuit over Florida teen’s social media addiction before trial, marking another significant challenge for Big Tech.
Google Settles YouTube Lawsuit Over Social Media Addiction YouTube, owned by Google, has reached a settlement in a lawsuit filed by a teenager from Florida. The complaint claims that YouTube exacerbates a youth mental health crisis, leveraging features that keep children excessively engaged with their screens. This discreet settlement comes just weeks ahead of a […]