Illustration of the China and U.S. flag on a central processing unit. Blackdovfx | Istock | Getty Images President-elect Donald Trump is unlikely to roll back the Biden administration’s CHIPS and Science Act, despite his campaign rhetoric on the bill, experts say. The legislation, which provides incentives for chipmakers to set up manufacturing in the … Read more
MELBOURNE, Australia — The Australian government announced on Thursday what it described as world-leading legislation that would institute an age limit of 16 years for children to start using social media, and hold platforms responsible for ensuring compliance. “Social media is doing harm to our kids and I’m calling time on it,” Prime Minister Anthony … Read more
NEW YORK — Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White House. Tesla stands to make significant gains under a Trump administration with the threat of diminished subsidies for alternative energy and electric vehicles doing the … Read more
TALLAHASSEE, Fla. — It’s no surprise that students are pushing back on cellphone bans in classrooms. But school administrators in one South Florida county working to pull students’ eyes away from their screens are facing some resistance from another group as well – parents. Since the beginning of the 2024 school year in August, students … Read more
TORONTO — Canada announced Wednesday it is ordering the dissolution of TikTok’s Canadian business after a national security review of the Chinese company behind the social media app but said it won’t block access. Industry Minister François-Philippe Champagne said it is meant to address risks related to ByteDance Ltd.’s establishment of TikTok Technology Canada Inc. … Read more
TAIPEI, Taiwan — The first time China faced Donald Trump in the White House, there was a trade war, a breach of protocol involving Taiwan’s former leader, and a president-to-president bromance that turned sour. As President-elect Trump prepares to start his second term in office, China is bracing for unpredictability in its ties with the … Read more
Australia’s government says it will introduce world-first legislation to ban children under 16 from social media. Prime Minister Anthony Albanese said the proposed laws, to be tabled in parliament next week, were aimed at mitigating the “harm” social media was inflicting on Australian children. “This one is for the mums and dads… They, like me, … Read more
SAN FRANCISCO — On election night, as Republican Donald Trump inched closer to reclaiming the U.S. presidency, some tech executives and venture capitalists rejoiced. “The people of America gave @realDonaldTrump a crystal clear mandate for change tonight,” Elon Musk posted on his social media platform X, formerly known as Twitter. The eccentric billionaire, who shared a … Read more
Brian Armstrong, co-founder and chief executive officer of Coinbase Inc., speaks during the Singapore Fintech Festival, in Singapore, on Friday, Nov. 4, 2022. Bryan van der Beek | Bloomberg | Getty Images Election Day proved hugely successful for the crypto industry. Nobody was a bigger winner than Coinbase CEO Brian Armstrong. Coinbase shares soared 31% … Read more
Qualcomm CEO Cristiano Amon speaks at the Computex forum in Taipei, Taiwan, June 3, 2024. Ann Wang | Reuters Qualcomm reported fourth-quarter earnings on Wednesday that beat Wall Street expectations for earnings and revenue, and the company guided to a strong December quarter. The shares rose 10% in extended trading. Here’s how the company did … Read more