Posts by Nathan Pine
Polestar barred from future US sales under Chinese tech rules
The rules are designed to block connected vehicles with Chinese software, hardware or ownership ties on national security grounds Published Fri, Jun 26, 2026 · 10:02 PM POLESTAR Automotive Holding UK has been denied authorisation to sell future models in the US from next year under connected-vehicle rules aimed at limiting Chinese technology. Polestar, which…
Read MoreApple Raises Prices on Macs and iPads Amid the A.I. Boom
Apple raised the prices of its Macs and iPads on Thursday, citing the soaring costs of memory and storage chips as the artificial intelligence boom has created a frenzy for the components. Apple increased prices on some laptop and tablet models $200 or more. A base model of the MacBook Pro, for example, now costs…
Read MoreWall St opens higher after Micron revives AI optimism, upbeat economic data
Published Thu, Jun 25, 2026 · 09:50 PM [NEW YORK] Wall Street’s main indexes advanced on Thursday (Jun 25) as strong forecasts from Micron and Qualcomm renewed AI optimism, while upbeat economic data aided sentiment. The Dow Jones Industrial Average rose 160.1 points, or 0.31 per cent, to 52,009.02. The S&P 500 rose 46.7 points,…
Read MoreAnother Spirit of ’76: George Washington’s Whiskey
When George Washington left the presidency in 1797, he may have brought his political career to a close, but he didn’t stop working. He returned to his Virginia estate, Mount Vernon, where he opened what would become his final legacy: a distillery. At the encouragement of his Scottish-born farm manager, James Anderson, Washington bought a…
Read MoreOpenAI, Broadcom unveil chip to run models faster, cheaper
The finalised chips will be integrated into large data centres later this year. Published Wed, Jun 24, 2026 · 11:07 PM OpenAI unveiled its first custom artificial intelligence chip developed in partnership with Broadcom, part of a bid by the ChatGPT maker to gain an edge by tailoring hardware to better run its AI products. …
Read MoreCBS News’s Independent Watchdog Stays Quiet Amid ‘60 Minutes’ Turmoil
When news organizations around the world have faced criticism, they have historically turned to specialists: ombudsmen, in-house critics empowered to investigate their employers’ coverage and report their findings to the public. But when CBS News appointed one last year, under an agreement with the Federal Communications Commission, it took a different tack. It tapped Kenneth…
Read MoreBOE’s Taylor backs extended hold for interest rates
It’s the right response to the increase in price pressures spurred by conflict in the Middle East Published Tue, Jun 23, 2026 · 11:13 PM [LONDON] Bank of England policymaker Alan Taylor said on Tuesday (Jun 23) that an “extended hold” for interest rates was the right response to the increase in price pressures spurred…
Read MoreLagarde sees no need for more forceful ECB response to war
Published Mon, Jun 22, 2026 · 11:14 PM [BRUSSELS) The European Central Bank doesn’t need to react more forcefully to the fallout from the Middle East conflict because inflation is set to return to target over the medium term, President Christine Lagarde said. While households anticipate quicker consumer-price gains in the short term, they see…
Read MoreOil glut bets back in play as crude sinks after US-Iran deal
But the market could turn around and rally again if the agreement were to fall apart Published Sun, Jun 21, 2026 · 10:31 PM A SLEW of all-but-forgotten niche option positions betting on an oil glut are coming back into play as crude futures slump following a peace deal between the US and Iran. Before…
Read MoreChina’s rare earths curbs extend pressure on supply to Japan
Published Sat, Jun 20, 2026 · 03:06 PM [SINGAPORE] China’s exports to Japan of several rare earths used for powerful magnets were negligible in May, data showed on Saturday (Jun 20), extending a months-long supply squeeze caused by a diplomatic dispute with Beijing over Taiwan. Japan’s rare earth magnet makers are the world’s biggest outside…
Read MoreBrent falls as Israel, Hizbollah agree to ceasefire
Published Fri, Jun 19, 2026 · 10:17 PM [BENGALURU/LONDON] Brent crude fell on Friday (Jun 19) after Israel and Hizbollah agreed to a ceasefire, easing concerns over disruptions to Middle East oil supplies and raising hopes of broader de-escalation involving the US and Iran. Brent crude futures were down US$0.85, or 1.1 per cent, at…
Read MoreEducation Department Lowers Student Loan Interest Rates for Two Years
The Education Department will temporarily lower interest rates on outstanding federal student loans by up to one percentage point starting July 1, it said on Thursday. The reduction will end on June 30, 2028. Just over a third of federal student loan borrowers are current on their loans, Nicholas Kent, the under secretary of education,…
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