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iPhone maker Foxconn plans $1.54 billion India plant

Foxconn is investing $1.54 billion in an iPhone manufacturing plant in India, doubling its investment. Foxconn has increased production in India since leaving a $19.5 billion processor manufacturing joint venture with Vedeanta. Foxconn invested $500 million in two Karnataka, southern India, plants in August 2023. Foxconn parent company Hon Hai …

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Homeowners and buyers panic after Fidelity National Financial ransomware catastrophe

Fidelity National Financial, the “leading provider of title insurance and escrow services and North America’s largest title insurance company,” announced a cyberattack on Tuesday. Since then, homeowners with mortgages and prospective buyers buying properties from FNF or one of its many subsidiaries have been confused and worried about what to …

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Reddit may consider an IPO again

Reddit is reportedly testing an IPO again. On Monday, Bloomberg reported that Reddit “is holding talks with potential investors for an initial public offering.” Bloomberg sources say the 2005 San Francisco company co-founded by Steve Huffman, Aaron Swartz, and Alexis Ohanian may go public in the first quarter. Reddit has …

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