Business Archives - Page 97 of 117

GM plans to invest $6.5 billion and create 4,000 jobs at its EV factories in Michigan

Posted on January 22, 2022 by Priyanka Patil |

GM is to announce big electric-vehicle investments in Michigan next week, with plans to invest $6.5 billion and generate up to 4,000 new jobs at two sites. According to a meeting agenda posted online, the state’s economic development board is…

Elon Musk’s brain chip company ‘Neuralink’ is planning human clinical trials

Posted on January 21, 2022 by Priyanka Patil |

The brain chip company founded by billionaire entrepreneur Elon Musk is prepared to begin human clinical trials. Musk, who co-founded Neuralink in 2016, claims that the technology will “will enable someone with paralysis to use a smartphone with their mind…

Intel is planning to invest at least $20 billion in new chip manufacturing site in Ohio

Posted on January 21, 2022 by Priyanka Patil |

According to people briefed on the topic, Intel is expected to announce on Friday that it will invest $20 billion (approximately Rs. 1,48,850 crore) in a vast new production plant outside Columbus, Ohio, to develop and produce sophisticated semiconductor chips.…

China’s central bank has reduced key lending rates for the first time in nearly two years

Posted on January 20, 2022 by Priyanka Patil |

Concerns over an economic slowdown in the world’s second-largest economy prompted China’s central bank to slash its benchmark lending rates again on Thursday. The People’s Bank of China cut the one-year loan prime rate from 3.8 percent to 3.7 percent…

White Castle will not offer ‘fine dining’ on Valentine’s Day

Posted on January 19, 2022 by Priyanka Patil |

White Castle’s Love has been cancelled. Thank you very much, Omicron. A special dining-in experience for lovesick couples who wish to commemorate their special day with $1 burgers and french fries has long been offered at the burger chain’s locations…

Biden administration plan to give free 400 million masks as Omicron grows

Posted on January 19, 2022 by Priyanka Patil |

According to a White House official, the Biden administration plans to distribute hundreds of millions of free, high-quality masks through pharmacies and health centers. The 400 million new masks will be non-surgical N95s acquired from the government’s Strategic National Stockpile,…

BigONE Exchange Tells You “What Is Liquidity Mining and AMM?”

Posted on January 19, 2022 by Brand Buzz |

Liquidity mining is a method that allows users to earn commission dividends by staking cryptocurrencies in a liquid capital pool through smart contracts. It is a new trend of DeFi, which enables cryptocurrency investors to maximize the use of their…

Wayve, a UK self-driving car company increases $200 million scale up technology

Posted on January 18, 2022 by Priyanka Patil |

British self-driving technology firm Wayve said on Tuesday it has raised $200 million from investors to build out its autonomous driving technology globally and undertake further pilot projects with commercial fleet partners. The $258 million Series B funding round includes…

Ford declares a five-year payment agreement with Stripe for e-commerce drive

Posted on January 18, 2022 by Priyanka Patil |

Stripe, an online payment processor, has secured a five-year partnership with Ford Motor Company to help the automaker improve its e-commerce strategy. According to a statement released Monday by the firms, Ford Motor Credit Company, the automaker’s financial services arm,…

Netflix is increasing the cost of its subscription tiers in the United States and Canada

Posted on January 15, 2022 by Priyanka Patil |

Your Netflix bill is set to increase once more. The streaming media company announced on Friday that its plans in the United States and Canada will be priced more. The regular plan subscription price in the United States increased by…