Commerce Secretary Gina Raimondo said in an interview airing Sunday she's focused on preventing the governments of China and Russia from obtaining U.S.-designed advanced microchips due to national security concerns.
The big picture: "If you think about national security today in 2024, it's not just tanks and missiles; it's technology. It's semiconductors. It's AI. It's drones," she told CBS' "60 Minutes." "And the Commerce Department is at the red-hot center of technology."
In what is being called a "monumental" and "historic" win for local news, New York lawmakers have approved $90 million worth of payroll tax credits to hire local journalists in the state's fiscal year 2025 budget.
Why it matters: It's the largest sum any state has devoted to local news.
Why it matters: The holiday, which is about freedom, will be a particularly emotional one for many Jews, because of the ongoing war in Gaza and record antisemitism.
Former SoftBank exec Marcelo Claureand tech veteran Paul Judge want to redefine how the investing world thinks about diversity.
Why it matters: As corporate America's embrace of diversity and inclusion — ignited by racial tensions laid bare in 2020 — is being quietly walked back, venture capital support for startups founded by people of color has waned notably.
CHATTANOOGA, Tenn. — Union supporters have renewed hopes of organizing in the South after the United Auto Workers scored a breakthrough victory Friday night.
Why it matters: The South has historically been a no-go zone for unions at major private companies due to political, legal, cultural and business opposition.
CHATTANOOGA, Tenn.—The United Auto Workers secured a landmark victory Friday night, as Volkswagen workers at the automaker's plant in Chattanooga voted to unionize.
Why it matters: The VW factory becomes the only unionized automotive assembly plant in the U.S. not owned by the Detroit Three automakers: General Motors, Ford and Stellantis.
