Yahoo Finance's Pras Subramanian drives the uber station wagon - the 2021 Mercedes-AMG E 63 S Wagon.
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Pras Subramanian is a reporter for Yahoo Finance. You can follow him on Twitter and on Instagram.
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U.S. President Joe Biden will travel to Syracuse, New York, on Thursday to announce a preliminary agreement with memory chip maker Micron Technology for up to $6.14 billion in subsidies for two chip factories, the White House said. The agreement signed by the U.S. Commerce Department will fund facilities in New York and Idaho under the 2022 CHIPS and Science Act, which aims to boost domestic manufacturing of chips and reduce reliance on supplies from China and Taiwan. The Commerce Department said the federal grants would support the construction of a fabrication plant, or fab, in Clay, New York, a first step toward Micron's plans to invest about $100 billion in New York and create 13,500 jobs.
President Joe Biden has a great economic story to tell voters a decade from now, less so in 2024. On Thursday, the Democratic president will head to upstate New York to celebrate Micron Technology's plans to build a campus of computer chip factories made possible in part with government support. Staring down a rematch with Republican Donald Trump, Biden is asking voters to believe in a vision for the U.S. economy that is still largely a promise.
Investors appear to be losing patience with Big Tech's prodigious artificial intelligence investments this week after Meta Platforms signaled deeper spending and a long road to profitability. The concession from Meta in its quarterly report late on Wednesday cast a cloud over Microsoft and Alphabet, which will both report quarterly earnings on Thursday. Meta's stock sank 15% in extended trade after it forecast higher AI spending next year, while Microsoft was down 2%, Alphabet fell 3% and Nvidia dropped 1.4% in reaction.
Half of voters in a new POLITICO-Morning Consult poll support states making their own laws about abortion access, compared with just 35 percent who oppose that.
Visiting chipmakers has become one of President Biden's most common reasons for getting on the road. He will do so again Thursday as he travels to Syracuse to award Micron $6 billion in federal money.
A ship traveling in the Gulf of Aden came under attack Thursday, officials said, the latest assault likely carried out by Yemen's Houthi rebels over Israel's ongoing war on Hamas in the Gaza Strip. The attack comes after the U.S. military said early Thursday an allied warship shot down a Houthi missile targeting a vessel the day before near the same area. The Houthis claimed that Wednesday assault, which comes after a period of relatively few rebel attacks on shipping in the region over Israel’s ongoing war on Hamas in the Gaza Strip.
French President Emmanuel Macron is expected to outline his vision for Europe to become a more assertive global power against a backdrop of war in Ukraine and other security and economic challenges, in a speech on Thursday ahead of pivotal European Parliament elections in June. The French president plans to focus on strategic and geopolitical issues in Europe, including defense, the economy, protecting the environment and safeguarding democracy, his advisers said. Russia’s war in Ukraine, now in its third year, is expected to be the main theme of the speech Macron will deliver at Paris’ Sorbonne University on Thursday.
Former Malaysian Prime Minister Mahathir Mohamad is among individuals being investigated in connection with a graft probe involving his sons, the head of Malaysia's Anti-Corruption Commission said on Thursday. The Malaysian Anti-Corruption Commission (MACC) in January served Mahathir's businessmen sons, Mirzan and Mokhzani, with notices to declare their wealth, as part of investigations into offshore financial and business records revealed by a group of news organisations. The MACC's chief commissioner Azam Baki on Thursday declined to elaborate on the investigations facing Mahathir or his sons.
Green NGOs have accused the Asian Development Bank of indirectly financing coal plants in Indonesia through a $600 million loan despite promises to no longer fund projects tied to the fossil fuel, according to a new report."Publicly funded institutions like the Asian Development Bank must include robust coal exclusions in contracts... in order to end coal finance for good," said Daniel Willis, finance campaigner at NGO Recourse.
A third man has been detained in a bribery case involving a Russian deputy defense minister, Moscow's court service said Thursday. It said businessman Alexander Fomin is suspected of paying bribes to Deputy Defense Minister Timur Ivanov, who was detained on Wednesday, as well as Ivanov's associate, Sergei Borodin. Ivanov, an ally of Defense Minister Sergei Shoigu, was jailed pending an investigation and trial on charges of bribery, court officials said in a statement.
Some of the 10 women and teenage girls who recently came to a medical clinic in eastern Venezuela for free contraceptives fidgeted a bit when a community health worker taught them how to use an IUD, condoms and birth control pills correctly. The health worker also asked what they knew about HPV, the most common sexually transmitted infection in the world and the cause of nearly all cervical cancer. Of the 10, ages 16 to 33 — two of whom had traveled to Putucual by boat and bus — only one had learned about human papillomavirus in middle school.
US-led coalition forces shot down four drones and an anti-ship missile launched by Yemen's Huthi rebels, American authorities said Thursday, as the Iran-backed group announced strikes against US and Israeli ships.A Greek vessel deployed in the Gulf of Aden as part of an EU naval coalition also shot down a drone off Yemen's coast early on Thursday, the Greece general staff said in a statement.
Australian mining giant BHP confirmed on Thursday a $38.8 billion takeover bid for British rival Anglo American, a colossal deal with the potential to fundamentally reshape the sector.Its longtime rival Anglo American has a market value of about $36 billion.
Venice launched a new scheme Thursday to charge day-trippers for entering the historic Italian city, a world first intended to ease the pressure of mass tourism -- but many residents are opposed.Venturini hopes the initiative will persuade Italians living in the region not to come on busy days such as Thursday, when Italy marks its World War II Liberation Day.
Venice became the first city in the world on Thursday to introduce a payment system for visitors in an experiment aimed at dissuading tourists from arriving during peak periods. However, it isn't the only place in Italy that has recently introduced new measures aimed at slowing tourist flows. The experiment came into force on April 25, a national holiday in Italy.
Equities were mixed Thursday as investors turned cautious after the past three days' sizeable gains, with Meta's warning that it will spend far more than expected this year fuelling worries that the latest tech-led rally may have gone too far.Tech titans Microsoft and Alphabet are due to report later in the day.
The blades of the windmill on top of the Moulin Rouge cabaret, one of the most famous landmarks in Paris, collapsed during the night, firefighters said Thursday, just months before the French capital hosts the Olympics."I hope they repair it soon," he added. - 600,000 visitors annually - The Moulin Rouge cabaret, with its distinctive red windmill blades, is located in northern Paris and is one of the most visited landmarks in the city.
India's Election Commission said on Thursday it has sought responses from the ruling Bharatiya Janata Party (BJP) and the opposition Congress on alleged violations of poll rules by Prime Minister Narendra Modi and opposition leader Rahul Gandhi. India is holding the world's largest election over seven phases, with votes due to be counted on June 4. In their complaints to the commission, the BJP accused Gandhi and Congress accused Modi of making divisive speeches on religion, caste and linguistic issues, notices from the panel said.
Indian engineer B. Ramachandran now prefers living in the smaller cities than the major tech hubs of Bengaluru and Chennai. Some are already finding it easier to hire staff in tier 2 cities, in contrast to before the pandemic when workers largely went from smaller cities into the country's major IT hubs for jobs. "The HR and I used to drive down to Bengaluru and Chennai to interview experienced talent and convince them to move to Madurai," said Selvaganesh M.P, founder of IT firm SMI that was bought by mid-cap IT company Happiest Minds in 2023.
Palestinian hospital officials said Israeli airstrikes on the southern city of Rafah in the Gaza Strip killed at least five people. Among those killed in the strikes overnight and into Thursday were two children, identified in hospital records as Sham Najjar, 6, and Jamal Nabahan, 8. More than half of the territory’s population of 2.3 million have sought refuge in Rafah, where Israel has conducted near-daily raids as it prepares for an offensive in the city.
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