Congress is best chance to stop Trump ‘lawfare’ fund, attorneys say
The Department of Justice has set up a $1.8 billion fund that will purportedly compensate victims of prosecutorial overreach under the Biden administration.
SpaceX live updates: IPO filing sets stage for record offering
SpaceX filed for an IPO and plans to list on Nasdaq under ticker SPCX, according to its SEC prospectus.
Intuit plans to cut workforce by about 17% as tax software maker reckons with slowing growth
Intuit’s stock has been hammered this year as investors worry that generative artificial intelligence models could threaten software companies.
Mamdani fires back at Bezos over Queens teacher tax remark
Amazon founder Jeff Bezos called for eliminating federal income taxes on the bottom half of earners as Mamdani pushes a luxury second-home tax in New York City.
OpenAI takes the lead in AI IPO horse race: ‘Getting to public markets first is very important’
It comes after reports that the AI giant and ChatGPT owner is set to file confidentially for an IPO as soon as this week.
UAE says new pipeline that will bypass Strait of Hormuz is nearly 50% complete
The UAE has redirected some oil exports through an existing pipeline to Fujairah, which has a maximum capacity of 1.8 million barrels per day.
Bezos defends billionaires, hypes AI, talks taxes and praises Trump in major CNBC interview
Jeff Bezos rejected accusations that Amazon’s decision to release a documentary on first lady Melania Trump was an effort to curry favor with the president.
House approves breakthrough housing bill in a win for investors
The U.S. House approved an updated housing affordability bill after removing industry-opposed requirements on selling build-to-rent homes.
Fed officials see rate hike ahead if inflation stays elevated, minutes show
A majority of officials anticipated that interest rate increases would be necessary if the Iran war continued to aggravate inflation.
Airbnb adds hotels, car rentals. Chesky says app can become an ‘Amazon for services’
Airbnb on Wednesday added new services and independent hotels to its platform in its latest expansion move in the travel industry.