Author: staff

People drink outdoors March 31, 2021, on the patio of Big Dean’s Ocean Front Cafe in Santa Monica, California. The $28.6 billion Restaurant Revitalization Fund has only been processing and funding requests from businesses owned by women; veterans; or socially and economically disadvantaged individuals. As of May 12, the Small Business Administration said those businesses had already applied for $29 billion, more than the fund’s total amount. (Damian Dovarganes/AP)

“I think we’ve become too dependent on Taiwan and Korea, that’s the point, we need a more balanced global supply chain,” Pat Gelsinger, chief executive officer of Silicon Valley’s Intel Corp., the world’s biggest chipmaker, said in an interview. The U.S. and Europe should act “more aggressively” to counter the “imbalance” of Asia’s lead in manufacturing semiconductors that are mostly consumed in the west, he said.

“A witness told police they had been at a party at a home that apparently was rented as an Airbnb, heard gunshots in the rear and left,” village spokesman David Powers said. “A vehicle leaving the vicinity of the gunshots was stopped, its three occupants detained and two handguns discovered.”

A Peloton logo is seen Nov. 19, 2019, on the company’s stationary bicycle in San Francisco. Peloton plans to break ground on its first U.S. factory in Troy Township, Ohio, over the summer. The exercise equipment maker said the Peloton Output Park will make the Peloton Bike, Bike+ and Peloton Tread starting in 2023. (Jeff Chiu/AP)

A Peloton logo is seen Nov. 19, 2019, on the company’s stationary bicycle in San Francisco. Peloton plans to break ground on its first U.S. factory in Troy Township, Ohio, over the summer. The exercise equipment maker said the Peloton Output Park will make the Peloton Bike, Bike+ and Peloton Tread starting in 2023. (Jeff Chiu/AP)