The world's largest asset manager, BlackRock, is pushing back on Texas' decision to withdraw roughly $8.5 billion in assets belonging to the Texas Permanent School Fund (PSF) over what the state says is a boycott of energy companies. Texas State Board of Education Chairman Aaron Kinsey on Tuesday announced that the PSF would withdraw funds to comply with a 2021 state law that seeks to prevent the state's public funds from being managed by financial institutions that boycott the oil and gas sector. Kinsey sa ...

Semiconductor giant Intel announced Wednesday that it will receive about $20 billion in federal subsidies under the CHIPS and Science Act to advance semiconductor manufacturing projects in four U.S. states. The Commerce Department has proposed up to $8.5 billion in direct funding for semiconductor projects in Arizona, New Mexico, Ohio and Oregon. The Treasury Department also awarded up to $11 billion in federal loans and provided Intel with an investment tax credit (ITC) of up to 25% on up to $100 billion i ...

This story discusses suicide. If you or someone you know is having thoughts of suicide, please contact the Suicide & Crisis Lifeline at 988 or 1-800-273-TALK (8255). The Boeing whistleblower who was found dead earlier this month claimed a manager at his former company spied on him, and he was "harassed, denigrated, [and] humiliated" for raising concerns about quality control issues, according to documents released by his attorneys. The Charleston County Coroner's Office told Fox News Digital that John Barne ...

Amazon and other retailers are under investigation by the Federal Communications Commission (FCC) for allegedly marketing and selling banned equipment. The investigation concerns the marketing and selling of illegal electronic devices, including radio frequency jammers, according to a report by NBC News that said it found nine independent sellers on Amazon recently selling jammers.The outlet previously reported that several online retailers and drone technology companies were marketing radio frequency jamme ...

Chipotle's board of directors approved a 50-for-1 split of its common stock, following a similar move by Walmart earlier this year.    "This is the first stock split in Chipotle's 30-year history, and we believe this will make our stock more accessible to employees as well as a broader range of investors," CFO Jack Hartung said. The stock is currently trading above $2,966 per share. Ticker Security Last Change Change % CMG CHIPOTLE MEXICAN GRILL INC. 2,979.00 +181.43 +6.49% If the split, which is one of th ...

Netflix will offer a documentary series on NFL wide receivers as the streaming giant continues to move forward with its sports strategy. The company unveiled the latest addition to its wide-ranging roster of sports shoulder content on Tuesday, saying the eight-episode "Receiver" series will debut over the summer.It is expected to offer NFL fans a window into the on- and off-field lives of four professional wide receivers and one tight-end once it goes live, Netflix said.  Wide receivers who participated in ...

The head of the Federal Aviation Administration (FAA) told aerospace giant Boeing that it needs to refocus on ensuring the safety and quality of its aircraft following recent incidents. FAA Administrator Michael Whitaker said in an interview with NBC Nightly News set to air on Tuesday that his recent trip to Boeing manufacturing facilities left him with the belief that "there are issues around the safety culture at Boeing," according to an excerpt released by the network.Whitaker went on to say that Boeing' ...

Nvidia CEO Jensen Huang kicked off the artificial intelligence (AI) giant's GTC 2024 conference with a keynote address on Monday in which he unveiled the company's next-generation AI chip that the company hopes will keep Nvidia at the forefront of the AI race. The new Blackwell G200 is the successor to its Grace Hopper line of graphics processing units (GPUs), which are used in data centers and supercomputers as well as speeding up tasks. Nvidia said the new chip can enable AI models with a trillion paramet ...

Legendary filmmaker George Lucas is backing Disney and CEO Bob Iger in the company's proxy fight with activist investor Nelson Peltz. "No one knows Disney better" than CEO Bob Iger, Lucas said in a statement seen by Reuters."I remain a significant shareholder because I have full faith and confidence in the power of Disney and Bob’s track record of driving long-term value," he reportedly said. "I have voted all my shares for Disney’s 12 directors and urge other shareholders to do the same." Lucas has been a ...

Despite one airline’s attempt to reassure Americans that the skies remain safe, one Republican lawmaker is expressing concerns over globalization practices at the expense of consumers. "As a congressman who sits on the Transportation Committee, I am not confident," Rep. Jeff Van Drew, R-N.J., said on "Mornings with Maria" Tuesday."China is getting now, as you know, into the airline industry. China isn't worried about being a giant social experiment. They want to have the best planes, the fastest planes, the ...