WASHINGTON (AP) — A new report says China funneled billions in hidden loans to U.S. companies over the past quarter century, some targeting industries key to national security. The study by research lab AidData in Virginia said Chinese policy banks and state financiers channeled much of the $200 billion through offshore shell companies in the…… MORE
Stocks Drop After Another Jarring Day as Worries About Too-high Prices Keep Dogging Nvidia, Bitcoin
NEW YORK (AP) — U.S. stocks fell again following a sell-off that swept Europe and Asia. The S&P 500 sank 0.8% Tuesday after earlier dropping as much as 1.5%. The Dow Jones Industrial Average fell 1.1%, and the Nasdaq composite sank 1.2%. Nvidia was again the heaviest weight on the market as worries continue that…… MORE
Kroger Closing Automated Fulfillment Centers as It Tries to Make Delivery Faster and Cheaper
Kroger said Tuesday it’s closing three automated fulfillment centers as part of an effort to make its delivery operations faster and more profitable. The nation’s largest grocer will close facilities in Pleasant Prairie, Wisconsin; Frederick, Maryland; and Groveland, Florida, in January. Kroger partnered with British online grocer Ocado in 2018 to build warehouses where robots…… MORE
Ford Motor Shows Off New High-Tech HQ. It Has a ‘Crown Jewel’ Showroom and Room for 4,000 Employees
DEARBORN, Mich. (AP) — Ford Motor Company is showing off its new world headquarters building in Dearborn, Michigan. The new HQ is double the size of its old one with room for twice as many employees. It has seven restaurants, design studios and fabrication shops. And, of course, cars. According to Ford Land’s brand manager,…… MORE
Microsoft Partners With Anthropic and Nvidia in Cloud Infrastructure Deal
Microsoft has announced a partnership with AI company Anthropic and chipmaker Nvidia. Anthropic, known for its chatbot Claude, plans to buy $30 billion of computing capacity from Microsoft’s Azure cloud platform. Nvidia will invest up to $10 billion in Anthropic, and Microsoft will also invest up to $5 billion in the startup. The announcements were…… MORE