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BizNews Briefing – FT on how world sees SA; Arcelor Mittal’s CEO; Cornelius Zeeman; Big Tech stocks

Business new tamfitronics

This episode of the BizNews Briefing features a focus by the Financial Times on SA where political developments have turned positive; whipsawing of US Big Tech stocks – and studio guests Cornelius Zeeman (Fairtee) and Kobus Verster (Arcelor Mittal). The Briefing is hosted by BizNews editor Alec Hogg.

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Cyril Ramaphosa: The Audio Biography

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Boeing layoffs, Facebook firings, meat recalls, and Big Tech goes nuclear: Business news roundup

Business new tamfitronics

Hundreds of products sold in the nation’s top grocery chains, including Walmart (WMT), Hooks (KR), 7-Eleven (SVNDY), and Trader Joe’s, have been recalled over concerns of listeria contamination.

A pedestrian walks in front of a new logo and the name ‘Meta’ on the sign in front of Facebook headquarters on October 28, 2021 in Menlo Park, California.

Image: Justin Sullivan / Staff (Getty Images)

Meta (META), the parent company of Facebook, Instagram and WhatsApp, fired over 20 employees last week for abusing the company’s food credit system to buy household items.

business new tamfitronics A Boeing building — A Boeing building

Boeing (BA) is about to start the countdown clock on 10% of its workforce losing their jobs. Reuters reports that the company will begin sending 60-day notices to affected employees next month.

business new tamfitronics view of a walkway between racks and cables in a data center — AWS data center

Amazon (AMZN) is joining its artificial intelligence competitors in the race for nuclear energy.

The tech giant has signed three agreements “to support the development of nuclear energy projects,” it said Wednesday. The agreements include building “several” small modular reactors (SMRs). These “advanced” nuclear reactors have “a smaller physical footprint, allowing them to be built closer to the grid,” Amazon said. And compared with traditional reactors, SMRs can be put online faster because construction takes less time.

business new tamfitronics Jensen Huang sitting in a chair speaking with his hands up in front of a purple backdrop — Nvidia CEO Jensen Huang at the Bipartisan Policy Center on September 27, 2024 in Washington, D.C.

Shares of Nvidia (NVDA) fell over 5% Tuesday, a day after after closing at a record high.

The chipmaker’s stock was down less than 1% in pre-market trading, but had fallen by about 5% by midday. The drop occurred following a report that the U.S. could cap sales of advanced artificial intelligence chips from U.S.-based chipmakers to certain countries. Biden administration officials in recent weeks have discussed putting a ceiling on export licenses for advanced AI chips, including those from Nvidia and rival AMD (AMD), to countries in the Middle East, citing national security concerns, Bloomberg reported.

business new tamfitronics A vehicle is stranded on a water-flooded street after Hurricane Milton made landfall in Brandon, Florida — A vehicle is stranded on a water-flooded street after Hurricane Milton made landfall in Brandon, Florida

Hurricane Milton has blown through and the worst is over for Florida. But it’s not over for everyone. Meteorologists warn we’ll get stronger and more frequent tropical storms in the coming years, as the oceans warm and sea levels rise thanks to climate change.

The Apple Store on Nanjing Road Pedestrian Street in Shanghai, China, October 12, 2024.

Photo: CFOTO/Future Publishing (Getty Images)

Since releasing its Mate 60 Pro series last August, Chinese tech giant Huawei has made a comeback in China’s smartphone market, knocking Apple (AAPL) from its pedestal.

Google has a new nuclear partnership to power its AI ambitions

On Monday, Alphabet announced its commissioned several new small modular reactors from Alameda, California-based nuclear power startup Kairos Power

AI investing will take trillions from other funds, CEO says

How is AI changing investing? In the premiere episode of Quartz AI Factor, Doug Clinton, CEO of AI investment firm Intelligent Alpha, breaks it down

News

Tamunofiniarisa Boeing, Business News, layoffs

Boeing layoffs, Facebook firings, meat recalls, and Big Tech goes nuclear: Business news roundup

Business new tamfitronics

Hundreds of products sold in the nation’s top grocery chains, including Walmart (WMT), Hooks (KR), 7-Eleven (SVNDY), and Trader Joe’s, have been recalled over concerns of listeria contamination.

A pedestrian walks in front of a new logo and the name ‘Meta’ on the sign in front of Facebook headquarters on October 28, 2021 in Menlo Park, California.

Image: Justin Sullivan / Staff (Getty Images)

Meta (META), the parent company of Facebook, Instagram and WhatsApp, fired over 20 employees last week for abusing the company’s food credit system to buy household items.

Boeing (BA) is about to start the countdown clock on 10% of its workforce losing their jobs. Reuters reports that the company will begin sending 60-day notices to affected employees next month.

Amazon (AMZN) is joining its artificial intelligence competitors in the race for nuclear energy.

The tech giant has signed three agreements “to support the development of nuclear energy projects,” it said Wednesday. The agreements include building “several” small modular reactors (SMRs). These “advanced” nuclear reactors have “a smaller physical footprint, allowing them to be built closer to the grid,” Amazon said. And compared with traditional reactors, SMRs can be put online faster because construction takes less time.

Shares of Nvidia (NVDA) fell over 5% Tuesday, a day after after closing at a record high.

The chipmaker’s stock was down less than 1% in pre-market trading, but had fallen by about 5% by midday. The drop occurred following a report that the U.S. could cap sales of advanced artificial intelligence chips from U.S.-based chipmakers to certain countries. Biden administration officials in recent weeks have discussed putting a ceiling on export licenses for advanced AI chips, including those from Nvidia and rival AMD (AMD), to countries in the Middle East, citing national security concerns, Bloomberg reported.

Hurricane Milton has blown through and the worst is over for Florida. But it’s not over for everyone. Meteorologists warn we’ll get stronger and more frequent tropical storms in the coming years, as the oceans warm and sea levels rise thanks to climate change.

The Apple Store on Nanjing Road Pedestrian Street in Shanghai, China, October 12, 2024.

Photo: CFOTO/Future Publishing (Getty Images)

Since releasing its Mate 60 Pro series last August, Chinese tech giant Huawei has made a comeback in China’s smartphone market, knocking Apple (AAPL) from its pedestal.

Google has a new nuclear partnership to power its AI ambitions

On Monday, Alphabet announced its commissioned several new small modular reactors from Alameda, California-based nuclear power startup Kairos Power

AI investing will take trillions from other funds, CEO says

How is AI changing investing? In the premiere episode of Quartz AI Factor, Doug Clinton, CEO of AI investment firm Intelligent Alpha, breaks it down

McDonald’s sues Tyson, AOC vs. Mark Cuban, and Domino’s emergency pizza: Business news roundup

Business new tamfitronics

McDonald’s has filed a lawsuit against Tyson Foods (TSN), JBS, and other major meat processing companies, accusing them of colluding for years to limit beef supplies.

business new tamfitronics Entrepreneur Mark Cuban listens as Vice President and Democratic presidential nominee Kamala Harris speaks at Carnegie Mellon University in Pittsburgh, Pennsylvania. — Entrepreneur Mark Cuban listens as Vice President and Democratic presidential nominee Kamala Harris speaks at Carnegie Mellon University in Pittsburgh, Pennsylvania.

Congresswoman Alexandria Ocasio-Cortez is hitting back at the slew of Democratic billionaires calling for a potential Kamala Harris Administration to fire the sitting chair of the Federal Trade Commission (FTC).

Pizza is an emergency. At least, Domino’s thinks so.

On Oct. 8, the chain announced the return of its popular “Emergency Pizza” promotion, which originally launched in 2023. Any customer can score a free, medium, two-topping pizza “to use whenever they need it most,” when they order online or via digital carryout and spend $7.99 or more. The offer is valid until Jan. 19, 2025, and must be redeemed within 30 days via a customer’s Domino’s rewards account.

business new tamfitronics A 2022 photo of Tampa International Airport — A 2022 photo of Tampa International Airport

business new tamfitronics Former President Donald Trump — Former President Donald Trump

If former President Donald Trump returns to the White House, he says he will end the “double taxation” of American citizens living abroad, his latest bid to win over voters.

Lyft says it plans to attract more drivers to its ride-hailing platform by unveiling new payment measures for longer-than-estimated rides. These measures from the company come as Lyft (LYFT) is looking to entice new drivers and retain current drivers on its platform.

Image: Richard Drew (AP)

business new tamfitronics OpenAI — OpenAI CEO Sam Altman.

In the startup world, a ‘unicorn’ is a private company valued at $1 billion or more — and it’s a status all aspiring firms dream of achieving.

This year so far, 38 companies have joined the list of unicorns, according to TechCrunch. These firms span across industries, from supply chain management to financial technology and health tech.

California’s new $20 minimum wage for fast food workers didn’t cost jobs, study says

The average hourly wage for fast food workers rose 18% while employment was stable, a study found

The Airbus logo

Photo: Johanes P. Christo/NurPhoto (Getty Images)

Tag Archives: Business News

BizNews Briefing – FT on how world sees SA; Arcelor Mittal’s CEO; Cornelius Zeeman; Big Tech stocks

Cyril Ramaphosa: The Audio Biography

Boeing layoffs, Facebook firings, meat recalls, and Big Tech goes nuclear: Business news roundup

Boeing layoffs, Facebook firings, meat recalls, and Big Tech goes nuclear: Business news roundup

McDonald’s sues Tyson, AOC vs. Mark Cuban, and Domino’s emergency pizza: Business news roundup