International news
News from wire services and other publishers.
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California rejects billionaire tax proposal in win for executives, Newsom
California voters are rejecting a proposal to impose a wealth tax on billionaire residents, marking a major win for tech and business executives, who spent hundreds of millions against the measure, according to a…
From misery walk to mass layoffs: Inside Canva’s hardest month
Insiders say Canva’s billionaire co-founders agonised over layoffs for weeks. They now have to try and turn the company around.
Tesla winding down Cybertruck production
Elon Musk announced Friday that Tesla will wind down production of its Cybertruck next year after years of poor sales for the electric truck. In a post on the social platform X, the Tesla CEO said Cybertruck production…
Fed's Williams says inflation too high, targets 2 percent
John Williams, the president of the Federal Reserve Bank of New York, said Friday inflation remains too high amid multiple price shocks. "Inflation is absolutely too high. It's been too high for too long," Williams…
Hinojosa vows to protect Texas citizens from data centers
Texas Gov.-elect Gina Hinojosa (D) vowed to protect Texans from data center projects after she is sworn into office in January. “Well, we have always been a pro-business state in Texas, but what changes now with me as…
Meta, TikTok, Google sue California over child online safety restrictions
Meta, TikTok and Google filed separate lawsuits against California over a new law seeking to tighten restrictions on child social media usage, arguing the legislation violates the companies’ First Amendment rights…
Markets tank after post-Election Day surge
Stocks nosedived Thursday, one day after rallying on the heels of Democrats’ resounding midterm victories. The Dow Jones Industrial Average tumbled by more than 2,100 points from the opening bell and closed down by…
Top GOP House lawmakers want Nvidia's Jensen Huang to come to Congress
Republican Reps. John Moolenaar (Mich.), Brian Mast (Fla.) and Rick Crawford (Ark.) sent a letter to Nvidia CEO Jensen Huang on Wednesday, following reports he sent intelligence to China. The GOP lawmakers requested…
Lawsuit claims Google AI chatbot on school Chromebook helped teen prepare suicide plan
Parents are suing technology giant Google, alleging the AI Gemini chatbot offered on school Chromebooks helped a young teen prepare plans for a suicide attempt and her funeral. The lawsuit was filed Wednesday in…
OpenAI rebrands data centers as 'compute campuses,' unveils new framework
OpenAI unveiled a new framework Thursday for building data centers, which it appears to be rebranding as "compute campuses" following the recent groundswell of opposition to the server warehouses powering the AI boom…
