Bill Hwang Faces 21-Year Prison Recommendation for Market Manipulation Scheme

Bill Hwang Faces 21-Year Prison Recommendation for Market Manipulation Scheme

Federal prosecutors are seeking a 21-year prison sentence for Bill Hwang, the founder of Archegos Capital Management, after his conviction in July on charges of orchestrating a massive market manipulation scheme. The collapse of Hwang's firm in March 2021 erased...
Alaska Arctic

Debate Over Oil Drilling in Alaska’s Arctic National Wildlife Refuge: Economic Potential vs. Environmental Preservation

President-elect Donald Trump’s commitment to expanding oil drilling in the U.S. has reignited a decades-long debate surrounding the Arctic National Wildlife Refuge (ANWR) in Alaska. For Alaska’s leaders, Trump’s campaign promises bring optimism for revitalizing the state’s oil industry, which...
Elon Musk

Elon Musk and DOGE: A New Chapter in Government Efficiency or a Bureaucratic Farce?

In a dramatic turn of political theater, billionaire entrepreneur Elon Musk has been appointed to lead a new executive agency under the Trump administration’s second term: the Department of Government Efficiency (DOGE). Sharing the stage with Musk is Vivek Ramaswamy,...
TSMC

U.S. to Provide $6.6 Billion to TSMC to Build Semiconductor Plants in Arizona

The global semiconductor supply chain, the United States announced on Friday (Nov 15) that Taiwanese chip manufacturing giant Taiwan Semiconductor Manufacturing Company (TSMC) will receive up to $6.6 billion in direct funding to construct three state-of-the-art chip plants in Arizona. ...
Donald Trump

Trump’s Controversial Cabinet Picks Spark Political Firestorm

In the wake of a decisive electoral victory, President-elect Donald Trump, 78, has begun assembling his Cabinet, drawing both applause from his loyal base and sharp criticism from opponents. The announcements on Friday (Nov 15) signaled Trump’s intention to upend...
US Dollar - Chinese Yuan

China’s Yuan Faces Pressure Amid Xi’s Vision for a “Powerful Currency” and Trump’s Return

As Chinese President Xi Jinping strives to position the yuan as a stable and influential currency in global trade, the specter of Donald Trump’s potential return to the U.S. presidency looms large, threatening to derail these ambitions. With global trade...
T-Mobile network

Chinese Cyber-Espionage Operation Targets T-Mobile and Other U.S. Telecom Giants

In the growing threat of state-sponsored cyber-espionage, hackers linked to a Chinese intelligence agency successfully breached T-Mobile's network as part of a larger campaign targeting multiple U.S. and international telecommunications companies. This revelation, reported by The Wall Street Journal on...
PAC-3 MSE Missile

Lockheed Martin to Exceed PAC-3 MSE Missile Production Milestones Amid Rising Global Demand

Lockheed Martin, a global aerospace and defense leader, has announced a significant increase in the production of its PAC-3 Missile Segment Enhancement (MSE) interceptors. Production in 2024 has grown by more than 30%, with an additional 20% increase projected for...
U.S. Navy L3Harris Li-ion PPR Battery-Powered Iver4 900 AUVs

L3Harris and U.S. Navy Revolutionize Undersea Operations with Li-ion PPR Battery-Powered Iver4 900 AUVs

L3Harris Technologies and the U.S. Navy have integrated fault-tolerant Lithium-ion Passive Propagation Resistant (Li-ion PPR) battery technology into the Iver4 900 Autonomous Underwater Vehicles (AUVs). Inspired by NASA's spacesuit power systems, these advanced batteries mark a significant leap forward in...
F 16 Fighting Falcon Fighter Jet.

Greece Bolsters Defense Capabilities with F-16 Upgrades and Strategic Acquisitions

Greece, a key NATO ally in the Eastern Mediterranean, operates an advanced fleet of F-16 Fighting Falcons, one of the world's most versatile multirole fighter jets. Developed by Lockheed Martin in the 1970s, the F-16 remains a cornerstone of modern...
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