California faces Paramount threat to relocate headquarters

 

LOS ANGELES, California – California faces a high-stakes clash with one of its most prominent entertainment companies as Paramount Global considers relocating its corporate headquarters and shifting up to $30 billion in planned annual spending out of the state. People familiar with internal discussions say close confidantes and advisers to...

U.S. funds ReElement expansion, joins NSF critical consortium

 

Marion, Indiana — ReElement Technologies, a minority-held affiliate of American Resources Corp, this week received a $25 million award from the U.S. Department of War’s Industrial Base Fund to expand rare-earth and critical mineral refining capacity at its Marion campus, financing equipment, production-line installation and working capital to scale commercial...

Cheyenne Annexes 3,500 Acres for Microsoft Data Campus

 

Cheyenne, Wyo. — The Cheyenne City Council approved a roughly 3,460–3,500-acre annexation this week after multi-hour hearings held Tuesday evening into Wednesday morning, expanding the city by about 20% to accommodate a Microsoft data center campus; Microsoft closed on the property June 26 after purchasing the land from the family...

Toronto-based Thomson Reuters cuts 500 engineering jobs

 

Canada-based Thomson Reuters has announced plans to cut up to 500 engineering roles as it accelerates the use of artificial intelligence across its products and internal workflows. The reductions, which amount to just over 5% of the company’s operations and technology division, were communicated to staff during an internal all-hands...

United States pressures Nvidia to tighten Asian chip sales

 

Nvidia has sharply reduced the number of Asian customers allowed to buy its advanced artificial intelligence chips, cutting more than half of buyers in Singapore, Malaysia and Japan from an approved list after stricter compliance checks. Reported on Tuesday, 14 July, the move follows months of enhanced due diligence aimed...

Strait of Hormuz tensions push oil prices higher

 

Global oil prices climbed to a one‑month high on Tuesday, July 14, as escalating military conflict in the Strait of Hormuz disrupted maritime traffic through the key energy chokepoint. Brent crude rose 9.6% from the previous session to $84.98 a barrel after the United States reinstated a blockade on Iranian...

United States HR chiefs regret AI-driven layoffs

 

A new survey released on Monday, July 13, 2026, by outplacement and talent transition firm Careerminds finds that more than 90% of U.S. human resources leaders regret implementing artificial intelligence-driven layoffs. The survey of 600 HR leaders who managed restructurings over the past year shows 78.8% of their organizations directly...

United States chip stocks stumble amid AI questions

 

U.S. semiconductor shares have come under pressure at the start of July after a powerful rally driven by artificial intelligence demand. The Philadelphia Semiconductor Index has dropped more than 11% since hitting a record high in June, though it remains up about 83% for the year. Large chipmakers including Nvidia,...

States sue to block Paramount–Warner $81B merger

 

San Francisco — Twelve states sued to block Paramount's $81 billion takeover of Warner Bros. Discovery on Monday, arguing the deal would extinguish competition in Hollywood. California Attorney General Rob Bonta is leading the coalition that filed the complaint and asked the companies not to close the transaction while courts...

Germany’s Volkswagen warns of further global job cuts

 

Volkswagen Group CEO Oliver Blume has warned staff that the carmaker may need to cut up to 50,000 additional jobs worldwide, according to an internal memo dated July 13, 2026 and seen by multiple media outlets. The potential reductions would come on top of a previously agreed plan to eliminate...