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BREAKING NEWS
EchoStar to Sell Spectrum to SpaceX in $17 Billion Deal to Resolve FCC Probe
By Mary Prenon EchoStar, a global technology, networking, and TV entertainment firm, has forged a $1.7 billion agreement with SpaceX, a worldwide space technology firm, to sell its AWS-4 and H-block spectrum licenses. A spectrum license is a legal authorization from the Federal Communications Commission (FCC) or other governmental agency that allows a company to…
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Nasdaq Seeks Rule Change to Allow Trading of Tokenized Securities
By Tom Ozimek Nasdaq has asked regulators to let investors trade tokenized versions of listed securities—such as common stocks—on its main market. In a Sept. 8 filing with the Securities and Exchange Commission (SEC), the exchange proposed allowing any listed stock or exchange-traded product to trade in either its usual digital form or as a…
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AI-backed Deepfake Impersonations Are Getting Harder to Detect, FBI Warns
By Naveen Athrappully Increasingly hard-to-detect deepfake content created with artificial intelligence is being exploited by criminals to impersonate trusted individuals, the FBI and the American Bankers Association (ABA) said in a report published on Sept. 3. In its “Deepfake Media Scams” infographic, the FBI said that scams targeting Americans are surging. Since 2020, the agency…
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How US Government Stake in Intel Will Affect Tech Race With China
By Terri Wu Some have suggested that the deal amounts to government meddling in the private sector or even signals that the nation is moving away from a free market to state capitalism. Trump administration officials have pushed back on characterizations likening the move to socialism, saying the agreement will boost U.S. leadership in semiconductors.…
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Trump Threatens Trade Probe to ‘Nullify’ EU Fines Against Apple, Google
By Andrew Moran President Donald Trump threatened to initiate a trade investigation to “nullify” fines imposed by the European Union against U.S. tech giants, including Apple and Google. In a Sept. 5 Truth Social post, Trump announced that he would initiate a Section 301 probe to eliminate what he calls “unfair penalties” on American companies.…
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475 Detained in Immigration Enforcement Operation at Hyundai’s Georgia Megasite
By Austin Alonzo Work at Hyundai’s Georgia complex that manufactures electric vehicles has been suspended after federal authorities detained hundreds of workers in a major immigration enforcement operation on Thursday, officials said. On Sept. 4, federal authorities entered a worksite in Bryan County, Georgia, where South Korean manufacturing companies Hyundai Motor Group and LG Energy…
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Pirates’ Rookie Manager Don Kelly Earning Contract Extension for 2026 as Club Stays Competitive
By Donald Laible With 23 regular season games left on the Pittsburgh Pirates’ 2025 schedule, management still has time to do the right thing. The club’s rookie manager Don Kelly has earned a contract extension for 2026. Forget that Pittsburgh is in the National League Central basement at 62–77. Disregard that the Pirates are 23…
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UAE Officials Say West Bank Annexation by Israel Would Threaten Abraham Accords
By Evgenia Filimianova The United Arab Emirates said on Sept. 3 that annexation of the West Bank would be a red line for Abu Dhabi and would seriously undermine the spirit of the Abraham Accords, which established full diplomatic relations with Israel. Anwar Gargash, a senior Emirati diplomat, said on X that the UAE was…
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Gold Could Near $5,000 if Investors Flee Treasuries, Goldman Sachs Says
By Tom Ozimek Goldman Sachs said gold prices are poised to extend their record-breaking rally through 2026, with the potential to climb far beyond current levels depending on how central banks, private investors, and U.S. monetary policy evolve. In its Sept. 3 note “Diversify Into Commodities, Especially Gold,” Goldman set out three potential paths for…
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US Weekly Jobless Claims Rise to Near 3-Month High
By Andrew Moran The number of Americans newly filing applications for unemployment benefits rose slightly higher than expected, signaling further cooling in the U.S. labor market. According to the Department of Labor, initial jobless claims increased by 8,000, to 237,000 for the week ended Aug. 30, the highest level since mid-June. This is up from…
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