Moosehead's crate of 1,461 beers — one-a-day for Trump's term — sells out within days
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Winnipeg Free Press
12 minutes ago
- Winnipeg Free Press
Japan's SoftBank to take $2 billion stake in computer chip maker Intel
BANGKOK (AP) — Japanese technology giant SoftBank Group plans to take a $2 billion stake in computer chip maker Intel as it deepens its involvement in U.S. semiconductor manufacturing and other advanced technology in the United States, the companies said Monday. Shares in both companies fell Tuesday after the announcement, which coincided with unconfirmed reports that President Donald Trump is considering having the U.S. government buy a stake in the chip maker. SoftBank invests in an array of companies that it sees as holding long-term potential. It has been stepping up investments in the United States since Trump returned to the White House. In February, its chairman Masayoshi Son joined Trump, Sam Altman of OpenAI and Larry Ellison of Oracle in announcing a major investment of up to $500 billion in a project to develop artificial intelligence called Stargate. SoftBank plans to buy $2 billion of Intel's common stock, paying $23 per share. 'Semiconductors are the foundation of every industry, Son said in a statement. 'This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expand in the United States, with Intel playing a critical role.' Intel helped launch Silicon Valley but has fallen behind rivals like Nvidia Corp. and Advanced Micro Devices Inc. and is shedding thousands of workers and slashing costs under its new CEO, Lip-Bu Tan. Intel plans to end the year with 75,000 'core' workers excluding subsidiaries, through layoffs and attrition, down from 99,500 core employees at the end of 2024. The company previously announced a 15% workforce reduction. Trump recently said Tan, who was made CEO in March, should resign but after meeting with him last week said he had an 'amazing story.' SoftBank's shares were down 2.2% Tuesday in Tokyo, while Intel's dropped 3.7% on Monday in New York.
Winnipeg Free Press
2 hours ago
- Winnipeg Free Press
Las Vegas tourism is down. Some blame Trump's tariffs and immigration crackdown
LAS VEGAS (AP) — Tourism in Las Vegas is slumping this summer, with resorts and convention centers reporting fewer visitors compared to last year, especially from abroad, and some officials are blaming the Trump administration's tariffs and immigration policies for the decline. The city known for lavish shows, endless buffets and around-the-clock gambling welcomed just under 3.1 million tourists in June, an 11% drop compared to the same time in 2024. There were 13% fewer international travelers, and hotel occupancy fell by about 15%, according to data from the Las Vegas Convention and Visitors Authority. Mayor Shelley Berkley said tourism from Canada — Nevada's largest international market — has dried up from a torrent 'to a drip.' Same with Mexico. 'We have a number of very high rollers that come in from Mexico that aren't so keen on coming in right now. And that seems to be the prevailing attitude internationally,' Berkley told reporters earlier this month. Ted Pappageorge, head of the powerful Culinary Workers Union, called it the 'Trump slump.' He said visits from Southern California, home to a large Latino population, were also drying up because people are afraid of the administration's immigration crackdown. 'If you if you tell the rest of the world they're not welcome, then they won't come,' Pappageorge said. Canadian airline data shows fewer passengers from north of the border are arriving at Harry Reid International Airport in Las Vegas. Air Canada saw its passenger numbers fall by 33% in June compared to the same time a year ago, while WestJet had a 31% drop. The low-cost carrier Flair reported a whopping 62% decline. Travel agents in Canada said there's been a significant downturn in clients wanting to visit the U.S. overall, and Las Vegas in particular. Wendy Hart, who books trips from Windsor, Ontario, said the reason was 'politics, for sure.' She speculated that it was a point of 'national pride' that people were staying away from the U.S. after President Donald Trump said he wanted to make Canada the 51st state. 'The tariffs are a big thing too. They seem to be contributing to the rising cost of everything,' Hart said. At downtown's Circa Resort and Casino, international visits have dipped, especially from Canada and Japan, according to owner and CEO Derek Stevens. But the downturn comes after a post-COVID spike, Stevens said. And while hotel room bookings are slack, gaming numbers, especially for sports betting, are still strong, he said. 'It's not as if the sky is falling,' he said. Wealthier visitors are still coming, he said, and Circa has introduced cheaper package deals to lure those with less money to spend. 'There have been many stories written about how the 'end is near' in Vegas,' he said. 'But Vegas continues to reinvent itself as a destination worth visiting.' On AAA's annual top ten list of top Labor Day destinations, Las Vegas slipped this year to the last spot, from number six in 2024. Seattle and Orlando, Florida — home to Disneyworld — hold steady in the top two spots, with New York City moving up to third for 2025. Reports of declining tourism were news to Alison Ferry, who arrived from Donegal, Ireland, to find big crowds at casinos and the Vegas Strip. 'It's very busy. It has been busy everywhere that we've gone. And really, really hot,' Ferry said. She added that she doesn't pay much attention to U.S. politics. Just off the strip, there's been no slowdown at the Pinball Museum, which showcases games from the 1930s through today. Manager Jim Arnold said the two-decade-old attraction is recession-proof because it's one of the few places to offer free parking and free admission. 'We've decided that our plan is just to ignore inflation and pretend it doesn't exist,' Arnold said. 'So you still take a quarter out of your pocket and put it in a game, and you don't pay a resort fee or a cancelation fee or any of that jazz.' But Arnold said he's not surprised that overall tourism might be slowing because of skyrocketing prices at high-end restaurants and resorts, which 'squeezes out the low end tourist.' Monday Mornings The latest local business news and a lookahead to the coming week. The mayor said the rising cost of food, hotel rooms and attractions also keeps visitors away. 'People are feeling that they're getting nickeled and dimed, and they're not getting value for their dollar,' Berkley said. She called on business owners to 'see if we can't make it more affordable' for tourists. 'And that's all we want. We want them to come and have good time, spend their money, go home,' the mayor said. 'Then come back in six months.' ___ Weber reported from Los Angeles.
Vancouver Sun
2 hours ago
- Vancouver Sun
Venezuelan President deploying millions of militia members in response to $50M U.S. bounty
Venezuela's Nicolas Maduro on Monday said he would deploy 4.5 million militia members in response to US 'threats,' after Washington raised the bounty for his arrest and launched anti-drug operations in the Caribbean. 'This week, I will activate a special plan with more than 4.5 million militiamen to ensure coverage of the entire national territory — militias that are prepared, activated and armed,' Maduro announced on state television. Official figures say the Venezuelan militia, founded by Maduro's predecessor Hugo Chavez, contains about 5 million people — though the actual number is believed to be smaller. Start your day with a roundup of B.C.-focused news and opinion. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Sunrise will soon be in your inbox. Please try again Interested in more newsletters? Browse here. Venezuela's total population is around 30 million. Maduro lambasted 'the renewal of extravagant, bizarre, and outlandish threats' from the United States. The administration of U.S. President Donald Trump earlier this month doubled its bounty to $50 million for the arrest of Maduro, who faces drug trafficking charges. Washington, which does not recognize Maduro's past two election victories, accuses the Venezuelan of leading a cocaine trafficking gang called Cartel de los Soles. The Trump administration announced sanctions against the group and Maduro's administration last month. The US military has also reportedly deployed several vessels to the southern Caribbean, as part of Trump's crackdown on Latin American drug cartels. 'We are also deployed throughout the Caribbean…in our sea, our property, Venezuelan territory,' Interior Minister Diosdado Cabello said. Although he did not mention the recent US actions specifically, Maduro thanked those who expressed their support in the face of what he called 'rotten refrain' of threats. Maduro called on his government's political base to move forward with the formation of peasant and worker militias 'in all industries.' 'Rifles and missiles for the peasant force! To defend the territory, sovereignty, and peace of Venezuela,' declared Maduro. © 2025 AFP Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark and sign up for our daily newsletter, Posted, here .
