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Google offers buyouts to more workers amid AI-driven tech upheaval and antitrust uncertainty
MOUNTAIN VIEW, Calif. (AP) — Google has offered buyouts to another swath of its workforce across several key divisions in a fresh round of cost cutting coming ahead of a court decision that could order a breakup of its internet empire. The Mountain View, California, company confirmed the streamlining that was reported by several news[...]
U.S. jobless claims steady amid trade war uncertainty
WASHINGTON (AP) — U.S. filings for jobless benefits were unchanged last week, remaining at the higher end of recent ranges as uncertainty over the impact of trade wars lingers. New applications for jobless benefits numbered 248,000 for the week ending June 7, the Labor Department said Thursday. Analysts had forecast 244,000 new ap[...]
Apple unveils software redesign while reeling from AI missteps, tech upheaval and Trump’s trade war
CUPERTINO, Calif. (AP) — After stumbling out of the starting gate in Big Tech’s pivotal race to capitalize on artificial intelligence, Apple tried to regain its footing Monday during an annual developers conference that focused mostly on incremental advances and cosmetic changes in its technology. The presummer rite, which attract[...]
AI startup boom ‘here to stay’ in Virginia
The introduction of OpenAI — and disruption of DeepSeek — have fundamentally changed how existing businesses operate. Indeed, nearly half of chief information officers, chief technology officers and other tech leaders report artificial intelligence was fully integrated into their companies’ core business strategies — an[...]
Commentary: Startups are winning in Virginia
Virginia is competing to win — and startups are winning in Virginia. Through Gov. Glenn Youngkin’s Compete to Win strategy, Virginia has fostered a strong, dynamic, opportunity-driven business environment — unleashing innovation and entrepreneurship, attracting early stage investment capital, and expanding startup ecosystems through[...]
Fusion power plant seeks zoning permit in Chesterfield
Commonwealth Fusion Systems has filed an application with Chesterfield County for a permit to build the world’s first grid-scale commercial fusion power plant in the county. The Massachusetts-based fusion energy company announced plans to build the 400-megawatt fusion facility, dubbed ARC, in December 2024. The power plant would l[...]
Wall Street dips as GOP spending bill shakes markets
NEW YORK (AP) — Stocks are drifting on Wall Street Thursday following a rocky week so far because of worries coming out of the bond market about the U.S. government’s debt. The S&P 500 rose 0.3% in afternoon trading, coming off a sharp loss that has it potentially heading for its worst week in the last seven. The Dow[...]
US stocks drift lower as mixed profit reports from retailers and higher Treasury yields weigh
NEW YORK (AP) — Most U.S. stocks are falling on Wednesday after some of the country’s biggest retailers gave mixed forecasts for where they see their profits heading under the uncertainty caused by President Donald Trump’s trade war. The S&P 500 was down 0.2% in afternoon trading and on track for a second straight drop after b[...]
Wall Street gains ground as China shores up its economy ahead of trade talks with the US
NEW YORK (AP) — Stocks wavered on Wall Street Wednesday as China steps up measures to shore up its economy and gears up for trade talks with the U.S. The S&P 500 index was mostly unchanged in morning trading Wednesday. The Dow Jones Industrial Average rose 147 points, or 0.4%, as of 11:07 a.m. Eastern. The Nasdaq composite fel[...]
Wall Street’s rally fades as more CEOs talk about uncertainty because of Trump’s trade war
NEW YORK (AP) — Wall Street's big three-day rally is running out of steam, and U.S. stocks are drifting in mixed trading Friday as they near the end of another roller-coaster week. The S&P 500 was 0.4% higher in afternoon trading, though the majority of stocks were falling within the index. The Dow Jones Industrial Average was[...]
Big Tech’s ‘Magnificent Seven’ heads into earnings season reeling from Trump turbulence
SAN FRANCISCO (AP) — As Big Tech kicks off its quarterly earnings season this week, the industry's bellwether companies have been thrust into a cauldron of uncertainty and turmoil that they didn't anticipate when Donald Trump re-entered the White House nearly 100 days ago. Since President Trump's Jan. 20 inauguration, Big Tech sto[...]
Google faces off with US government in attempt to break up company in search monopoly case
Google confronts an existential threat Monday as the U.S. government tries to break up the company as punishment for turning its revolutionary search engine into a ruthless monopoly. The drama will unfold in a Washington courtroom during the next three weeks during hearings that will determine how the company should be penalized f[...]
Google’s digital ad network declared an illegal monopoly, joining its search engine in penalty box
SAN FRANCISCO (AP) — Google has been branded an abusive monopolist by a federal judge for the second time in less than a year, this time for illegally exploiting some of its online marketing technology to boost the profits fueling an internet empire currently worth $1.8 trillion. The ruling issued Thursday by U.S. District Judge L[...]
Meta CEO Mark Zuckerberg takes the stand in historic antitrust trial
WASHINGTON (AP) — A historic antitrust trial began Monday for Meta Platforms Inc. in a case that could force the tech giant to break off Instagram and WhatsApp, startups it bought more than a decade ago that have since grown into social media powerhouses. The trial is bringing Meta CEO Mark Zuckerberg into federal court in Washing[...]
The Latest: El Salvador’s president says he won’t release Kilmar Abrego Garcia back to the US
President Donald Trump ’s top advisers and Nayib Bukele, the president of El Salvador, said Monday that they had no basis for the small Central American nation to return Kilmar Abrego Garcia, a Maryland man who was wrongly deported there last month. Trump administration officials emphasized Abrego Garcia, who was sent to a notorio[...]
Trump’s commerce secretary says new electronics tariff exemptions are temporary, chip tariffs coming
NASHVILLE, Tenn. (AP) — Tariff exemptions announced Friday on electronics like smartphones and laptops are only a temporary reprieve until the Trump administration develops a new tariff approach specific to the semiconductor industry, U.S. Commerce Secretary Howard Lutnick said Sunday. “They’re exempt from the reciprocal tariffs b[...]
Microsoft says it’s ‘slowing or pausing’ some AI data center projects, including $1B plan for Ohio
Microsoft said it is “slowing or pausing” some of its data center construction, including a $1 billion project in Ohio, the latest sign that the demand for artificial intelligence technology that drove a massive infrastructure expansion might not need quite as many powerful computers as expected. The tech giant confirmed this week[...]
As markets implode, US trading partners puzzle over whether there’s room for negotiations
BRUSSELS (AP) — America’s trading partners wrestled with responses to U.S. President Donald Trump's blast of tariff hikes and some planned to send negotiators to Washington, while the head of the European Union’s executive commission offered mutual reduction of tariffs - while warning that retaliation was an option too. “We stand[...]
Digital tools improve workflow, efficiency for CPAs
When David Chase started working as a certified public accountant 25 years ago, he and his colleagues kept documents in big paper binders, the kind high school students commonly used in the 1970s and 1980s. “The client would give you their paperwork, you’d make copies, put them in three-ring binders and work with pencils,” says Ch[...]
Lawmakers grapple with Virginia’s increasing energy demand
Virginia faces a dilemma. Data center developers are clamoring to build in Virginia with the sort of zeal typically reserved for hipsters attempting to win admittance into secret speakeasies. Residents of some Virginia localities have fought mightily against data center growth, citing environmental concerns and increased demand fo[...]
