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Tech and auto execs tackle global chip shortage at White House summit

A collection of tech and auto industry executives met with the White House to discuss solutions for the worldwide chip shortage Monday. CEOs from Google, Intel, HP, Dell, Ford and General Motors attended the virtual summit on semiconductors and resilience in supply chains. National Security Adviser Jake Sullivan, Secretary of Commerce Gina Raimondo and National Economic Council Director Brian Deese hosted the meeting, which President Biden also attended briefly. Ahead of the summit, Intel CEO Pa...
Tags: Government, TC, Biden administration, Microchips


Biden is trying to derail China's effort to build the world's fastest supercomputer needed for unstoppable missiles

Military vehicles carry DF-17 missiles, a weapon armed with a hypersonic glide vehicle, during an October 1, 2019 military parade in Beijing. Thomas Peter/Reuters The US added seven China supercomputer entities to its economic blacklist. China is using supercomputers to speed up the development of hypersonic (unstoppable) missiles. The US is in a global arms race with China and Russia to build the most advanced hypersonic missile. See more stories on Insider's business page. The Biden...
Tags: Post, Politics, News, Washington Post, China, Russia, US, International, Trends, Joe Biden, Infrastructure, Nuclear Weapons, Supercomputer, Biden, Commerce Department, Department of Commerce


Biden starts selling major corporate tax hikes while opening the door to a compromise

President Joe Biden meets with Treasury Secretary Janet Yellen in the Oval Office at the White House in Washington, January 29, 2021. Kevin Lamarque/Reuters The Biden administration just released a sales pitch for its proposed corporate tax hikes. They project raising $2.5 trillion over 15 years to finance the entire proposed infrastructure package. Administration officials are already saying they could compromise on raising the corporate tax rate to 28%. See more stories on Insider's ...
Tags: Amazon, Congress, Washington, Senate, White House, US, Trends, Joe Biden, Cnn, Commerce, Treasury, Janet Yellen, Jeff Bezos, Biden, Donald Trump, Chamber of Commerce


Biden open to compromise but rejects infrastructure inaction

By Josh Boak | Associated Press President Joe Biden drew a red line on his $2.3 trillion infrastructure plan Wednesday, saying he is open to compromise on how to pay for the package but inaction is unacceptable. The president turned fiery in an afternoon speech, saying that the United States is failing to build, invest and research for the future and adding that failure to do so amounts to giving up on “leading the world.” “Compromise is inevitable,” Biden said. “We’ll be open to good ideas in g...
Tags: White House, West Virginia, Sport, Joe Biden, Soccer, United States, Commerce, Janet Yellen, Republican, Biden, Donald Trump, Trump, Yellen, U S Chamber of Commerce, American Enterprise Institute, Joe Manchin


Biden says he’s ‘not open to doing nothing’ on infrastructure amid Republican criticisms of plan – live

President says jobs plan is ‘largest investment’ since second world warUK Covid variant now dominant in US, says CDC directorBiden to make gun policy announcement Thursday – White HouseHalf of US adults on track to receive at least one vaccination by weekendTrump breaks silence on Matt Gaetz allegationsSign up to receive First Thing – our daily briefing by email 8.15pm BST New York City mayor Bill de Blasio had some great news this morning for Covid 19-weary residents: the city’s pools and b...
Tags: Republicans, Cdc, White House, New York City, US, Joe Biden, US news, Democrats, US politics, Bill De Blasio, Biden, De Blasio, Raimondo, Gina Raimondo, Matt Gaetz, Biden Administration


Commerce Chief Raimondo Says There Is Room for Compromise on Biden Tax Proposal

WASHINGTON (Reuters) - U.S. Commerce Secretary Gina Raimondo said on Wednesday there is room for compromise on the White House's proposal to raise...
Tags: Washington, White House, Gina Raimondo, Reuters U S Commerce


Transportation secretary Pete Buttigieg backs Biden's infrastructure bill, says 'we're still coasting on infrastructure choices' from the 1950s

Secretary of Transportation Pete Buttigieg at a press conference in February. John McDonnell/The Washington Post via Getty Images Transportation secretary Pete Buttigieg is helping rally support for Biden's infrastructure plan. Buttigieg said on Sunday the American Jobs Plan represented "a generational investment." The plan aims for upgrades in everything from roads and bridges to public schools and airports. See more stories on Insider's business page. US Transportation secretary ...
Tags: Transportation, Politics, Nbc, Labor, Congress, Abc, California, Washington Post, Kentucky, Senate, Environment, US, America, Trends, Roads, Joe Biden


Cecilia Rouse confirmed to head Council of Economic Advisers

By Andrea Shalal | Reuters WASHINGTON – A majority of the U.S. Senate on Tuesday voted to confirm Cecilia Rouse as chair of the White House Council of Economic Advisers, making her the first Black economist to serve in the post. Rouse was confirmed in an overwhelmingly bipartisan vote of 95-4, with one senator not voting. Rouse, 57, a labor economist and former dean of the Princeton School of Public and International Affairs, has pledged to work for a more equitable and just economy that serves ...
Tags: Obama, Washington, White House, Sport, Soccer, Commerce, Treasury, Janet Yellen, Biden, Clinton, Reuters, U S Senate, Rouse, Council of Economic Advisers, Gina Raimondo, Andrea Shalal


10 Things in Politics: Kamala Harris under pressure

Vice President Kamala Harris. Nicholas Kamm/AFP via Getty Images Good morning! Welcome back to 10 Things in Politics. I'm Brent Griffiths. Sign up here to get this newsletter in your inbox each day.Send your tips and thoughts to [email protected] or tweet me @BrentGriffiths.Here's what you need to know:Progressives want to turn the screws on Vice President Kamala Harris.New York lawmakers are calling on Gov. Andrew Cuomo to resign.Biden has a second chance at passing gun-control legisl...
Tags: Amazon, Politics, New York, Obama, Congress, Senate, White House, China, Time, US, America, Newsletter, Trends, Nike, Joe Biden, Commerce


Huawei files suit over security threat designation

Earlier this week, Huawei CEO Ren Zhengfei spoke rather diplomatically about the company’s hopes of holding talks with the new U.S. administration. The hardware giant is also taking a less conciliatory route, challenging its FCC designation as a national security threat. The company this week filed a suit with the U.S. Court of Appeals for the Fifth Circuit, calling the FCC ruling, “arbitrary, capricious, and an abuse of discretion and not supported by substantial evidence.” Questions have swirl...
Tags: Hardware, Fcc, White House, China, Tech, Policy, Commerce, Republican, Biden, Huawei, Wall Street Journal, Trump, Ren, Department of Commerce, U S Court of Appeals for the Fifth Circuit, Raimondo


Huawei smartphone shipments fell by more than 40% after being hit by US sanctions, according to researchers

People wearing protective face masks walk next to a Huawei advertisement and an Apple store in Shanghai. Aly Song/Reuters Hit by US sanctions, Huawei smartphone shipments fell more than 40% in Q4, according to IDC.  The Chinese company dropped to the world's sixth biggest smartphone shipper, said Counterpoint.  Apple climbed to the top spot with more than 90 million iPhone shipments, according to IDC.  Visit Business Insider's homepage for more stories. With US sanctions pressuring sales, ...
Tags: Apple, Google, White House, China, US, Samsung, America, Trends, Joe Biden, Smartphones, Silicon Valley, Chinese communist party, Biden, Sanctions, Donald Trump, Huawei


Facebook hides the branded hoodies as 2021 brings the first cataclysm of Marc Andreessen's tech prophecy

Good day, and welcome to this Wednesday's edition of the Insider Tech newsletter, where we break down the biggest news in tech. Did someone forward this newsletter to you? Get Insider Tech straight in your inbox by subscribing here. Soundtrack: For maximum enjoyment of this newsletter, we recommend A Tribe Called Quest's "Midnight." This week: Facebook hides the hoodies as 2021 brings the first cataclysm of Marc Andreessen's tech prophecy Mark Zuckerberg and Marc Andreessen. Reuters Face...
Tags: Google, Facebook, Mark Zuckerberg, Twitter, Politics, Enterprise, Media, New York City, US, Trends, Earth, Andreessen, Commerce, Aclu, Donald Trump, Rhode Island


Twitter is warning of more DC violence as tech giants move to suspend Trump and calls for the president's removal grow

Hello everyone! Welcome to this weekly roundup of stories from Insider from Business co-Editor in Chief Matt Turner. Subscribe here to get this newsletter in your inbox every Sunday.Read on for a breakdown of the biggest stories of the past week, the inside track on a COVID vaccine loophole, and insight into Instagram's mysterious algorithm. Read time: 5 minutes.  Drew Angerer/Getty Images Hello!It's hard to find words to describe the past week.I watched with horror as pro-Trump supporte...
Tags: Apple, Amazon, Facebook, Politics, News, Instagram, Congress, Youtube, Senate, US, America, San Francisco, Trends, Georgia, Bank Of America, Joe Biden


Here's who Biden has chosen for his heads of labor, commerce, and small business agencies

President-elect Joe Biden. Susan Walsh/AP President-elect Joe Biden named his nominations for three top economic roles in his administration. Biden nominated Rhode Island Gov. Gina Raimondo as his commerce secretary, Boston mayor Marty Walsh his labor secretary, and former Obama administration official Isabel Guzman his head of the Small Business Administration. If confirmed, Walsh would be the first union member to serve as labor secretary in nearly half a century. Visit Business Insider'...
Tags: Politics, Labor, Obama, Congress, California, Senate, Boston, US, Trends, Joe Biden, Commerce, New York Times, Biden, PPP, Rhode Island, Reuters


Biden to nominate Pete Buttigieg as transportation secretary

Pete Buttigieg. Reuters President-elect Joe Biden will select Pete Buttigieg to lead the Department of Transportation, according to Reuters. If confirmed, Buttigieg would become the first openly gay Cabinet secretary in US history to be approved by the Senate.  In nominating Buttigieg to the role, Biden aims to put the 38-year-old former South Bend, Indiana, mayor and and 2020 Democratic presidential candidate in charge of a sprawling federal agency with roughly 58,000 employees. Buttigieg...
Tags: Politics, California, Washington Post, Kentucky, Senate, White House, Massachusetts, Elizabeth Warren, US, Los Angeles, Trends, Joe Biden, Indiana, Cnn, Chicago, Afghanistan


Pete Buttigieg has emerged as the frontrunner to become Biden's secretary of transportation, new report says

Pete Buttigieg and Joe Biden after the Ohio Democratic presidential debate in October 2019. Win McNamee/Getty Images Pete Buttigieg has emerged as a leading candidate to become President-elect Joe Biden's secretary of transportation, according to a CNN report. Buttigieg's nomination would elevate the profile of the former South Bend, Indiana, mayor and 2020 Democratic presidential hopeful. Buttigieg is widely expected to run for president again. An opportunity in the federal government wou...
Tags: Politics, Senate, White House, US, Los Angeles, Trends, Joe Biden, Indiana, Cnn, Chicago, United Nations, Mitch McConnell, Ohio, Biden, Eric Garcetti, Rhode Island


Report: Biden Is Considering New Mexico Governor, Obama Surgeon General For HHS Secretary

New Mexico Gov. Michelle Lujan Grisham (D) and former Obama-era surgeon general Vivek Murthy have emerged as top picks for Health and Human Services Secretary in the incoming Biden administration, Politico reported late Tuesday. The role will arguably be among the most important that Biden will fill as the federal government prepares to roll out distribution of COVID-19 vaccines amid surging cases of the virus. The HHS secretary will play a key role in managing how the nation conducts pande...
Tags: News, Obama, White House, Politico, Joe Biden, New Mexico, Louisiana, Biden, North Carolina, Donald Trump, Rhode Island, Health And Human Services, HHS, Obama White House, Rebekah Gee, Vivek Murthy


Rhode Islanders voted to strip the word 'plantations' from their official state name

Pamela Hughes casts her ballot inside City Hall as early voting begins for the general election in Rhode Island, Wednesday, Oct. 14, 2020, in Providence, R.I. AP Photo/David Goldman Rhode Island approved a ballot measure to change the state's name to just "Rhode Island" from "Rhode Island and Providence Plantations." It's a success after numerous legislative and ballot measure attempts to change the name since the 1970s. The tide shifted earlier this year, amid Black Lives Matter protests ...
Tags: Politics, England, News, Brown University, US, Trends, Charles, Rhode Island, Puerto Rico, City Hall, Providence, Providence Journal, Gina Raimondo, Rhode Islanders, David Goldman, Jacob Shamsian


Rhode Island will change its name to 'Rhode Island,' stripping away the word 'Plantations' from its official name

Pamela Hughes casts her ballot inside City Hall as early voting begins for the general election in Rhode Island, Wednesday, Oct. 14, 2020, in Providence, R.I. AP Photo/David Goldman Rhode Island approved a ballot measure to change the state's name to just "Rhode Island" from "Rhode Island and Providence Plantations." It's a success after numerous legislative and ballot measure attempts to change the name since the 1970s. The tide shifted earlier this year, amid Black Lives Matter protests ...
Tags: Politics, England, News, Brown University, US, Trends, Charles, Rhode Island, Puerto Rico, City Hall, Providence, Providence Journal, Gina Raimondo, David Goldman, Jacob Shamsian, 2020 Election


Infosys commits to 1,000 tech jobs in Rhode Island, adding to the state's $45 million plan to retrain and reskill workers in partnership with Salesforce, Microsoft, and others

Rhode Island Gov. Gina Raimondo. Steven Senne/AP Rhode Island has a plan to use CARES Act funding to bring jobs back to the state.  A private-public partnership called "Back to Work RI" will support displaced workers with critical training to help them navigate a job market upended by the coronavirus.  The state is partnering on the $45 million plan with companies including Bank of America, Microsoft, Salesforce, and Twitter, as well as major unions and nonprofits. The state's most recent ...
Tags: Facebook, Politics, New York, Microsoft, Boston, Employment, Trends, Strategy, Job Market, Unemployment, Governance, Rhode Island, Private sector, Marc Benioff, Business Insider, Infosys


Ron DeSantis Previews the Trumpist Line on Who’s to Blame for COVID-19

The future is Gov. Ron DeSantis (R) of Florida. Today the governor who resolutely refused to close the state’s beaches or much of any of its commerce while the coronavirus spread like wildfire across the country has now decided to blame New York and New Yorkers. De Santis was the first to order anyone arriving from New York City area airports to enter a 14 day quarantine. That was on Monday. He told reporters he was pursuing the travel ban approach rather than a statewide lockdown because, he cl...
Tags: Post, Florida, New York, News, White House, China, New York City, Donald Trump, Rhode Island, Jacksonville, Trump, Josh Marshall, Raimondo, Gina Raimondo, Ron DeSantis, DeSantis


SAF Adds Plaintiffs to N.J. Federal Court Action; Plans Other 2A Lawsuits

Gun shops across the country are open for business, or closed by gubernatorial edict, depending on the state. The Second Amendment Foundation is planning legal actions challenging such shut downs. (Dave Workman photo) U.S.A. –-(Ammoland.com)- The Second Amendment Foundation’s federal action against New Jersey Gov. Phil Murphy just expanded as several new plaintiffs have been added to an amended complaint, and their attorneys have filed a show cause motion for a temporary restraining order and...
Tags: Guns, California, Washington, White House, New Jersey, Washington State, Department Of Homeland Security, Rhode Island, Nra, U S District Court, National Shooting Sports Foundation, Murphy, Los Angeles County, Callahan, The U S Supreme Court, Gottlieb


Rhode Island governor becomes chair of Democratic group

NEW ORLEANS (AP) — Rhode Island Gov. Gina Raimondo is the new chairwoman of the Democratic Governors Association. She was elected Saturday at the group’s meeting in New Orleans, putting her in a key fundraising role for 14 gubernatorial elections across the country over the next two years. New Jersey’s Phil Murphy was elected vice […]
Tags: News, Ap, New Jersey, New Orleans, Rhode Island, Gina Raimondo, Phil Murphy, Democratic Governors Association, Nation & World, Nation & World Politics


Democratic Gov. Gina Raimondo of Rhode Island wins second term, defeating Republican Allan Fung

WASHINGTON (AP) — Democratic Gov. Gina Raimondo of Rhode Island wins second term, defeating Republican Allan Fung.
Tags: News, Washington, Ap, Rhode Island, Allan Fung, Gina Raimondo, Nation & World Politics


Candidates for Rhode Island governor snipe in 1st debate

PROVIDENCE, R.I. (AP) — Rhode Island’s Democratic Gov Gina Raimondo went after Republican Cranston Mayor Allan Fung for what she called “public corruption” in his police department during their first gubernatorial debate Thursday, while he fired back that she is a Statehouse insider whose leadership has failed. The debate on WPRI-TV also included independent Joe […]
Tags: News, Ap, Rhode Island, Joe, Providence, Cranston, Allan Fung, Statehouse, Gina Raimondo, Nation & World, Nation & World Politics


Governor’s new ad shows the wrong city to criticize opponent

PROVIDENCE, R.I. (AP) — Rhode Island’s Democratic governor released a new campaign ad the day after winning the primary that shows the wrong city while criticizing her Republican opponent. The ad , posted online Thursday, says Cranston is a distressed community, while showing storefronts in Providence’s Silver Lake section near Cranston. Gov. Gina Raimondo and […]
Tags: News, Ap, Rhode Island, Silver Lake, Providence, Cranston, Gina Raimondo, Nation & World, Nation & World Politics


Rhode Island rematch: Dem. Raimondo to face GOP’s Fung again

PROVIDENCE, R.I. (AP) — Rhode Island’s Democratic governor cruised to victory Wednesday following a bitter primary, while her 2014 Republican opponent won the right to a rematch. Gov. Gina Raimondo then previewed what is likely to be a major theme as she tries to beat back the challenge from Cranston Mayor Allan Fung: telling supporters […]
Tags: News, Ap, Gop, Rhode Island, Providence, Cranston, Allan Fung, Gina Raimondo, Fung, Nation & World Politics, Dem Raimondo


Rhode Island governor to hold office hours at the beach

PROVIDENCE, R.I. (AP) — Rhode Island’s governor says she’s holding summer office hours at the beach. Democratic Gov. Gina Raimondo (ray-MAHN’-doh) will hold the first event Monday at Scarborough State Beach in Narragansett. She’ll be joined by members of her Office of Constituent Services to help connect residents with various services. While there, she plans […]
Tags: News, Ap, Rhode Island, Oddities, Providence, Gina Raimondo, Nation & World Politics, Scarborough State Beach, Office of Constituent Services


Governor, senate president supportive of House budget plan

PROVIDENCE, R.I. (AP) — Gov. Gina Raimondo has lent her support to the recently unveiled House budget plan. The Democratic governor told WLNE-TV the proposal looks like a “good budget.” Democratic Senate President Dominick Ruggerio also voiced support for the plan. The House released its budget Friday. It is expected to vote on it this […]
Tags: News, Ap, House, Providence, Democratic, Democratic Senate, Gina Raimondo, Nation & World, Nation & World Politics, WLNE, Dominick Ruggerio


Rhode Island lawmakers pass bill banning revenge porn

PROVIDENCE, R.I. (AP) — Rhode Island’s General Assembly has passed legislation banning so-called revenge porn. The House passed the bill Thursday and the Senate passed it Tuesday. Democratic Gov. Gina Raimondo supports the measure. The law criminalizes the posting of nude images online without the consent of the person in the photo. Lawmakers say hackers […]
Tags: News, Senate, House, Rhode Island, General Assembly, Providence, Gina Raimondo, Nation & World, Nation & World Politics



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