Some of America’s biggest companies are receiving hundreds of millions of dollars in tariff refunds, or booking even larger financial benefits. However, many consumers are wondering if those refunds will find their way back into their wallets. After the Supreme Court ruled that the International Emergency Economic Powers Act did not give the president authority
Washington and Tokyo’s unprecedented step to bolster the yen already appears to be unraveling. On July 30, Japan’s finance ministry reportedly sold as much as $59 billion to buy the Japanese currency, then at 40-year-lows. Tokyo and Washington later confirmed they had acted together to bolster a weak yen. It was the first time they
Cost and scheduling challenges have pushed the US Air Force’s B-52 Stratofortress modernization program billions over budget, according to a new report. The aging B-52 has long been a workhorse of the Air Force, which is replacing the bomber’s decades-old engines to keep the aircraft flying into the 2050s. But the upgrades have run into
Meta founder and CEO Mark Zuckerberg is trying to convince investors of his prediction for the future, in which billions of people will have their own personal AI agents within the next five years. (Let’s hope the future also comes with data centers efficient enough to power all those agents, without triggering a new wave
Some Amazon cloud customers woke up Friday to a surprise bill estimate that said they owed billions of dollars for cloud services they had never used. Amazon confirmed Friday that it is trying to resolve an error in its Amazon Web Services (AWS) billing portal that showed some customers were owed millions or billions in
India on Wednesday unveiled billions of dollars in new incentives for smartphone manufacturing and an expanded semiconductor push, seeking to build on its success in assembling Apple’s iPhones and shift more of the global electronics supply chain away from China. Called the Mobile Phone Manufacturing Scheme, the ₹625 billion (around $6.5 billion) program will run