Business

Oregon data centers face sharp electricity rate hike under new law

The state of Oregon’s utility regulator is implementing a new rule starting Wednesday that will raise the electricity bills of data centers and other large energy users to allow lower rates for other customers. The Oregon Public Utility Commission (PUC) approved updated electricity rates for data centers and other residential…

Apple to invest  billion in US chip manufacturing

Apple announced Wednesday it is investing more than $30 billion in chip manufacturing in the U.S.  The investment, in partnership with Broadcom, is set to produce 15 billion chips, creating hundreds of U.S. jobs. Broadcom’s facility in Fort Collins, Colorado, is expanding its capabilities to produce the chips. “This is another…

Trump admin launches its first major H-1B visa fraud investigation

The Trump administration is escalating its crackdown on immigration-related fraud, launching its first major investigation into alleged H-1B and PERM visa abuse, labor trafficking, and the displacement of American workers, Labor Department Inspector General Anthony D’Esposito told FOX Business on Wednesday. D’Esposito announced the probe exclusively on “Mornings with Maria,”…

Some Social Security recipients will receive 2 payments in July

Some Social Security beneficiaries will receive two checks this July as a quirk in the calendar shifted the payment timeline for an adjacent month. The Social Security Administration (SSA) ordinarily disburses payments for Supplemental Security Income (SSI) on the first day of a given month. The SSI program provides monthly…