Newsletter Nov 4, 2024
Quick Six
  • US fines chipmaker for using blacklisted Chinese company

    The U.S. fined a chipmaker $500,000 for selling $17.1 million in microchips to a blacklisted Chinese company. GlobalFoundries sent 74 shipments to SJ Semiconductor, which is partly owned by the Chinese government and has been accused by the U.S. of ties to China's military industrial complex. In February, it signed a $1.5 billion deal in funding under Biden's CHIPS and Science Act.

    HOW THE NEWS IMPACTED GLOBALFOUNDRIES STOCK?

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Harris makes body-double showing on 'SNL'

"Saturday Night Live's" audience went wild when long-time Kamala Harris character Maya Rudolph met the real Harris as she gave herself a pep talk three days before the Big Day. The big surprise occurred as Rudolph was confiding to herself in a mirror that she wished she could speak with someone "who has been in my shoes, a Black, South Asian woman running for president, preferably from the Bay Area." The real Harris responded from the other side of the mirror. "It is nice to see you Kamala. I'm just here to remind you, you got this." The first lines were nearly drowned out by the cheers and applause of the audience.

WATCH HARRIS' SURPRISE DEBUT ON 'SATURDAY NIGHT LIVE'



US announces $425M in Ukraine military aid

The US announced that it will provide an additional $425 million in military aid to Ukraine, a day after Washington said thousands of North Korean troops were ready to enter combat against Kyiv's forces. The assistance "will provide Ukraine additional capabilities to meet its most urgent needs, including: air defense interceptors; munitions for rocket systems and artillery; armored vehicles; and anti-tank weapons." The package, which comes from US stockpiles, also includes air-to-ground munitions, medical equipment, demolition munitions and spare parts.

SEE HOW UKRAINE HOPES FOR A LATE PUSH IN PEACE TALKS


TGI Friday's is latest fast-casual casualty

TGI Friday's became the latest fast-casual restaurant chain to go belly-up, and blamed its misfortunes on the COVID-19 pandemic and the company's "capital structure." In a statement, TGI Fridays Inc. said it filed voluntary bankruptcy petitions that cover the 39 fast-casual restaurants it owns and operates in the U.S. Another 56 franchise outlets and 40 outside the U.S. aren't affected and remain open for business. The brand and intellectual property aren't part of the deal.

THE LONG LIST OF FAST-CASUALS TO CLOSE SINCE COVID


Extra point

Who opened the original TGI Friday's? When and where was it located?

Friday's answer: The international coffee shop's moniker "Starbucks" was inspired by the first mate's name in the popular novel "Moby Dick."

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