In response to recent US tariffs on Canadian goods, Ontario imposed a 25% levy on electricity exports to New York, Michigan, and Minnesota. This proposal is expected to increase daily revenue by $208,000 to $277,000, with monies going to help Ontario’s workers, families, and companies. On February 1, 2025, President Donald Trump issued executive orders imposing a 25% tariff on all imports from Mexico and Canada, with a reduced 10% tariff targeting Canadian energy exports, including electricity. These tariffs, which were originally scheduled to go into effect on February 4, were momentarily delayed due to talks but were eventually implemented…
Author: Staff.Contributor4
Major US market indices fell significantly, with the S&P 500 reaching a six-month low. This slump coincides with growing concerns about a probable US economic recession. President Donald Trump addressed these developments, warning the public not to place too much emphasis on stock market volatility. The S&P 500 plummeted by around 2.7%, its largest weekly loss in half a year. The Dow Jones Industrial Average fell by more than 2%, falling almost 890 points. The Nasdaq Composite fell 4%, the most since 2022, owing primarily to a sell-off in key technology stocks, including Tesla, which fell 15%. Several factors contributed…
On March 10, 2025, X, formerly known as Twitter, suffered a series of outages that impacted tens of thousands of users worldwide. Elon Musk, the platform’s owner, ascribed the outages to a “massive cyberattack,” implying the involvement of a huge coordinated group or possibly a nation-state. The first signs of trouble appeared around 5:30 a.m. Eastern Time, when users reported difficulty accessing the platform. According to Downdetector, a service monitoring website for outages, complaints peaked at around 6:00 a.m., with over 22,000 incidents. Although the platform appeared to settle shortly thereafter, problems reappeared later in the morning. At 9:58…
President Donald Trump has declared that his administration is in active talks with four different parties who are interested in purchasing TikTok from ByteDance, its parent firm in China. This comes as the company’s 75-day deadline to complete a sale draws near, and there are hints that an extension would be taken into consideration. Present Discussions and Possible Extension Speaking from Air Force One, President Trump said he was hopeful that a deal will be reached soon and that “there could be” a deal to sell TikTok soon. He emphasized that “a lot of people” are interested in buying the…
Joe Biden had other plans for his address. Under the current conditions, at least not this year. Tragedies and hardships have left their mark on this president’s personal and professional life, so he knows firsthand how fast fortunes may change. During his passionate defense of his presidency, which he revisited during his campaigns in 2020 and this year, Mr. Biden addressed a crowded Chicago arena on the first night of the Democratic National Convention. He had previously abandoned his re-election bid in mid-July, just weeks after a disastrous debate performance. “Like many of you, I devoted my heart and…
Things may have been different for Intel, the computer age sweetheart that struggled in the AI era. Four people with firsthand knowledge of the negotiations told Reuters that the corporation had the option to buy a stake in OpenAI, then a budding non-profit research organization in generative artificial intelligence, seven years ago. Three people claimed executives at the two firms explored Intel buying a 15% interest in $1 billion in cash over several months in 2017 and 2018. Two insiders suggested Intel may acquire a 15% interest in OpenAI if it makes hardware at cost. Three sources, who requested anonymity…
This week, AT&T informed millions of customers that their data was likely taken in an April incident it announced earlier this month. AT&T and its rivals have pushed back against and substantially impacted a patchwork of data rules, alleging that it has failed to reign in the problem. Cybercriminals valued AT&T customers’ stolen data so much that the FBI encouraged the corporation to delay filing a report with the SEC due to national security and public safety concerns. Data from “nearly all” AT&T cellular customers and wireless providers that used its network between May 1 and October 31, 2022, was…
After Biden failed to fend off Trump’s accusations and bogus allegations, his aides rushed to control the repercussions. Trump Media & Technology Group which owns Truth Social, up 5.5% to $38.62, while Phunware which worked on Trump’s 2020 election campaign app, rose 1.6% to $6.4. Conservative-favored video-sharing site Rumble rose 1.4% to $5.80. “We will see these movements linked increasingly to how election expectations evolve around Trump… markets are happy to have one indicator to price in all this,” said Swissquote Bank senior analyst Ipek Ozkardeskaya. “Trump Media & Technology Group has little foundation. We observe largely speculative movements.” The…
