Energy

Chips Are the New Oil and America Is Spending Billions to Safeguard Its Supply

Chips Are the New Oil and America Is Spending Billions to Safeguard Its Supply

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Only in the past two years has the U.S. fully grasped that semiconductors are now as central to modern economies as oil. In the digitizing world, power tools commonly come with Bluetooth chips that track their locations. Appliances have added chips to manage electricity use. In 2021, the average car contained about 1,200 chips worth …

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These 15 Dividend Aristocrat stocks have been the best income builders

These 15 Dividend Aristocrat stocks have been the best income builders

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The S&P Dividend Aristocrats deserve more coverage. Those are companies that have raised their dividend payouts consistently over the years — they’re dividend royalty, as it were. As a group, they have performed well in the long term. And they held up well in 2022, a year in which broad indexes fell into a bear …

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How Sam Bankman-Fried swindled $8 billion in customer money, according to federal prosecutors

How Sam Bankman-Fried swindled $8 billion in customer money, according to federal prosecutors

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Before his surprise Monday night arrest, Sam Bankman-Fried had apologized for everything he could think of, to everyone who would listen. In a leaked draft of his aborted House testimony, he wrote that he was truly, for his entire adult life, “sad.” He “f—– up,” he tweeted, and wrote, and said. He told Bahamas regulators …

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Super Nintendo World Opens in February at Universal Studios Hollywood

Super Nintendo World Opens in February at Universal Studios Hollywood

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Image: universal studios hollywood Get ready to level up in universal studios hollywood in 2023 with the opening of Super Nintendo World on February 17. The videogame-The inspired land finally makes its debut in the United States. after the opening of the first Super Nintendo World at Universal Studios Japan in 2021, and before the …

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From $32 billion to criminal investigations: How Sam Bankman-Fried's empire vanished overnight

From $32 billion to criminal investigations: How Sam Bankman-Fried’s empire vanished overnight

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Samuel Bankman-Fried’s poster in downtown San Francisco. MacKenzie Sigalos | CNBC The Kimchi Swap put Sam Bankman-Fried on the map. The year was 2017, and the ex-Jane Street Capital quant trader noticed something funny when he looked at the page on CoinMarketCap.com listing the price of bitcoin on exchanges around the world. Today, that price …

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In bankrupt Lebanon, locals mine bitcoin and buy groceries with tether, as $1 is now worth 15 cents

In bankrupt Lebanon, locals mine bitcoin and buy groceries with tether, as $1 is now worth 15 cents

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Aerial view of the seafront Manara district near downtown Beirut. Bilwander | Getty Images When Georgio Abou Gebrael first heard about bitcoin in 2016, it sounded like a scam. But by 2019, as Lebanon plunged into a financial crisis following decades of expensive wars and bad spending decisions, a decentralized and borderless digital currency operating …

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These 20 stocks have short interest of 19% or more, and AMC and GameStop are not even in the top half

These 20 stocks have short interest of 19% or more, and AMC and GameStop are not even in the top half

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Short selling is a trading technique that gets especially popular during bear markets in stocks. Short selling — or betting on a decline in prices — can come to the fore if investors suspect a company is entering a difficult period, during a period of stress on financial markets, or when a group of traders …

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Here are the worst (and best) performing stocks of August and for 2022

Here are the worst (and best) performing stocks of August and for 2022

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After a strong showing in July, when stock indexes rebounded from their 2022 lows of June, U.S. equities abruptly reversed course in August. Here’s the damage: Index Price change – July 29 through Aug. 30 Price change – 2022 through Aug. 30 Price change – 2021 S&P 500 SPX -3.5% -16.4% 26.9% Dow Jones Industrial …

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