Wednesday, March 11, 2026

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Business

Texas Invests $15M to Boost Semiconductor Manufacturing & Jobs

Texas invests $15.2M in Tekscend's photomask expansion as part of broader semiconductor strategy, boosting manufacturing capacity by 40% while creating new jobs and strengthening critical supply chains.

BMW Recalls 851 Cars for Airbag Defect: See Affected 2014-2015 Models

BMW recalls 851 vehicles from 2014-2015 models due to defective Autoliv airbag inflators that could rupture during crashes, with free replacements available by February 2026.

Meta Lays Off 1,000 Reality Labs Staff as Focus Shifts to Wearables

Meta slashes 1,000 Reality Labs jobs, pivoting from metaverse ambitions to wearables after accumulating $70 billion in losses since 2021, signaling a major strategy shift for Zuckerberg.

US, South Korea Tackle Won Depreciation and Critical Minerals Supply Chain

US Treasury Secretary Bessent voices concerns over Korean won depreciation while strengthening critical minerals partnership with South Korea amid global supply chain vulnerabilities.

US-UK Launch Taskforce to Boost Trade, Tackle China, and Shape Digital Finance

US Treasury Secretary Bessent and UK's Reeves launch economic taskforce to strengthen trade ties, address critical minerals supply chains, and explore potential trade agreements.

Escrow Costs Surge: Rising Taxes & Insurance Threaten 2026 Housing Recovery

Skyrocketing escrow costs threaten housing market recovery with 30% nationwide increases in property taxes and insurance premiums, jeopardizing homebuyers' dreams despite projected 7% sales growth.

Pentagon Invests $1B in L3Harris for Missile Supply Chain Security

"US Department of War invests $1B in L3Harris missile division, pioneering a direct-to-supplier equity model to expand production capacity for critical defense systems."

Pentagon Invests $1B in L3Harris Missile Unit to Secure US Supply Chain

Pentagon invests $1B in L3Harris rocket motor business, revolutionizing defense supply chain strategy while shares soar 11% ahead of planned IPO for critical missile production capacity.

Pentagon Invests $1B in L3Harris to Boost Missile Supply Chain

Defense Department makes unprecedented $1B equity investment in L3Harris to expand missile production capacity, marking a revolutionary shift in defense industrial policy and procurement.

Pentagon Invests $1B in L3Harris Missile Unit to Secure US Defense Supply Chain

Department of War invests $1 billion in L3Harris' missile production, signaling a strategic shift to secure critical munitions supply chains amid global tensions and defense concerns.

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