Author: potus

WASHINGTON (AP) — As Washington prepares for a military parade this weekend to honor the 250th anniversary of the U.S. Army, a new survey finds that U.S. adults are more likely to approve than disapprove of President Donald Trump’s decision to hold the festivities, which officials have said will cost tens of millions of taxpayer dollars.But about 6 in 10 Americans also say that Saturday’s parade is “not a good use” of government money, including the vast majority of people, 78%, who neither approve nor disapprove of the parade overall, according to the poll from The Associated Press-NORC Center for…

WASHINGTON (AP) — As President Donald Trump spars with California’s governor over immigration enforcement, Republicans in Congress are calling other Democratic governors to the Capitol on Thursday to question them over policies limiting cooperation with federal immigration authorities. The House Committee on Oversight and Government Reform posted a video ahead of the hearing highlighting crimes allegedly committed by immigrants in the U.S. illegally and pledging that “sanctuary state governors will answer to the American people.” The hearing is to include testimony from Govs. JB Pritzker of Illinois, Tim Walz of Minnesota and Kathy Hochul of New York. There’s no legal…

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., left, and Emmanuel Macron, France’s president at the 2025 VivaTech conference in Paris, France, on Wednesday, June 11, 2025. Nathan Laine | Bloomberg | Getty ImagesFrench President Emmanuel Macron on Wednesday made a pitch for his country to manufacture the most advanced chips in the world, in a bid to position itself as a critical tech hub in Europe.The comments come as European tech companies and countries are reassessing their reliance on foreign technology firms for critical technology and infrastructure.Chipmaking in particular arose as a topic after Nvidia CEO Jensen…

WASHINGTON (AP) — House Republicans are moving to cut about $9.4 billion in spending already approved by Congress as President Donald Trump’s administration looks to follow through on work by the Department of Government Efficiency when it was overseen by Elon Musk.The package to be voted on Thursday targets foreign aid programs and the Corporation for Public Broadcasting, which provides money for National Public Radio and the Public Broadcasting Service, as well as thousands of public radio and television stations around the country.Republicans are characterizing the spending as wasteful and unnecessary, but Democrats say the rescissions are hurting the United…

Chip engineer handling a wafer. Compared to Nvidia’s export-restricted chips, the performance gap between Huawei and the H20 is less than a full generation,” said Dylan Patel, founder, CEO and chief analyst of SemiAnalysis.Sinology | Moment | Getty ImagesWith the U.S. restricting China from buying advanced semiconductors used in artificial intelligence development, Beijing is placing hopes on domestic alternatives such as Huawei. The task has been made more challenging by the fact that U.S. curbs not only inhibit China’s access to the world’s most advanced chips, but also restrict availing technology vital for creating an AI chip ecosystem. Those constraints span the entire semiconductor…

Ali Ghodsi, co-founder and CEO of Databricks, speaks at the company’s Data and AI Summit in San Francisco on June 11, 2025.Jordan Novet | CNBCDatabricks, a data analytics software vendor, said on Wednesday that it expects to generate $3.7 billion in annualized revenue by July, with year-over-year growth of 50%.CFO Dave Conte delivered the numbers at a briefing for investors and analysts tied to the company’s Data and AI Summit in San Francisco on Wednesday. Growth in the October quarter was 60%, Databricks said in late 2024.Databricks is one of the most highly valued tech startups, announcing in December that…

Elon Musk, during a news conference with President Donald Trump on May 30, 2025 inside the Oval Office at the White House in Washington. Tom Brenner | The Washington Post | Getty ImagesElon Musk’s official role in the Trump administration recently came to an end. Many Republicans won’t be sad to see less of him, according to the results of Quinnipiac University’s latest public opinion survey.While a majority of Republicans still hold a favorable view of Musk, the number fell to 62% in the poll out Wednesday, down from 78% in March, Quinnipiac said.Overall, the Quinnipiac poll found that 30%…

WASHINGTON (AP) — House Democrats are quietly engaged in a behind-the-scenes race for a key committee position, the second time in as many months that the party has had to fill one of the most prized positions in Congress.Four Democrats are running to be the ranking member on the House Oversight Committee, an investigative panel with public clout, subpoena power and an expansive portfolio. The position is open due to the death last month of Rep. Gerry Connolly of Virginia.While Democrats in the minority have little power to shape the committee’s work, the ranking member position comes with an enormous…

Chime Visa Credit CardSource: ChimeChime priced its IPO at $27 per share on Wednesday, above the expected range, in an offering that values the provider of online banking services at $11.6 billionThe company raised roughly $700 million in the IPO, with another $165 million worth of shares being sold by existing investors. The stock is expected to begin trading Thursday under ticker symbol CHYM.The offering comes after a years-long freeze in the fintech IPO pipeline, as rising interest rates and valuation resets kept many late-stage companies on the sidelines. The market has started to loosen. Trading platform eToro jumped 29%…

(The Center Square) – Amidst widespread speculation and local pushback, northern Nevada has taken another step toward realizing its lithium potential with an estimated $87 billion Elko County mine.Nevada has the largest lithium deposits and mines in the United States. As the rare earth mineral swells in demand for its use in batteries, mines like Surge Battery Metals’ recently announced $87 billion could come to dominate the Silver State.“The Nevada North Lithium Project is poised to play a significant role in securing America’s supply of critical minerals, particularly lithium, which is essential for the burgeoning electric vehicle and battery energy…