Elon Musk email to X staff: ‘we’re barely breaking even’
Elon Musk told X employees that user growth is stagnant while banks prepare to sell off some of the billions in debt they hold from financing his Twitter purchase.
The Verge (www.theverge.com)
• Published 5 months ago
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Trump FDA officially withdraws long-delayed menthol cigarette ban
The Food and Drug Administration (FDA) has withdrawn a rule that would have banned menthol cigarettes and flavored cigars, putting a formal end to a policy that had been indefinitely delayed under the Biden administration. A regulatory filing showed the rule…
The Hill (thehill.com)
• Published 5 months ago
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Bridgestone announces a tire plant closure in Tennessee with 700 layoffs and other reductions.
Tire manufacturer Bridgestone Americas is closing its LaVergne, Tennessee, plant and laying off 700 workers there
ABC News (abcnews.go.com)
• Published 5 months ago
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Spirit Airlines bans ‘lewd’ clothing, tattoos
Spirit Airlines said its passengers may not be allowed to board the aircraft or can be forced to leave if they are sporting “lewd” clothing and/or have not covered “offensive” tattoos, according to updated rules. The low-budget airline outlined in its contra…
The Hill (thehill.com)
• Published 5 months ago
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Did Trump's Crypto Order Deliver On His Promise Of A Bitcoin Strategic Reserve?
President Donald Trump this week signed an executive order to establish U.S. dominance in the digital asset market and make the country the global center of crypto. But does that order deliver on what Trump said he'd accomplish?
Investopedia (www.investopedia.com)
• Published 5 months ago
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Costco Shareholders Overwhelmingly Support Company’s DEI Policies As Other Major Retailers Retreat
As the Trump administration takes aim at diversity, equity and inclusion, major retailers are dialing it back. However, Costco swam against the tide at its shareholder meeting.
Forbes (www.forbes.com)
• Published 5 months ago
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CMS withdraws appeal of UnitedHealth Medicare Advantage star ratings case
The decision comes as Trump paused some federal work and could help UnitedHealth generate bigger profits from the taxpayer-funded program.
STAT (www.statnews.com)
• Published 5 months ago
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5 economic forces that could shape the first year of Trump’s presidency
Like most presidents, Donald Trump faces an economy that seldom bends to political ambitions. The Republican has promised strong growth, high tariffs, income tax cuts and booming oilfields. But despite the solid job market and low 4.1% unemployment rate, he h…
Associated Press (apnews.com)
• Published 5 months ago
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Firefighters continue battling LA fires as rain expected to come soon: Live updates
Firefighters continue to battle fires across Southern California as the area prepares for a presidential visit Friday and rain in the weekend forecast.
USA Today (www.usatoday.com)
• Published 5 months ago
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SEC paves way for Wall Street banks to hold crypto
The move to rescind SAB 121 comes as Wall Street prepares for a changing regulatory landscape in crypto under President Trump.
Axios (www.axios.com)
• Published 5 months ago
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NextEra Energy Is Today’s Top S&P 500 Stock After Revenue Miss. Here’s Why.
Barron's (www.barrons.com)
• Published 5 months ago
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Bridgestone announces a tire plant closure in Tennessee with 700 layoffs and other reductions.
Tire manufacturer Bridgestone Americas is closing its LaVergne, Tennessee, truck and bus radial tire plant and laying off 700 workers there, the company...
Yahoo Entertainment (finance.yahoo.com)
• Published 5 months ago
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Meta Stock Gains. Investors Shrug Off Bigger-Than-Expected $65 Billion AI Spending Plan.
Meta stock gained after Mark Zuckerberg pledged to commit between $60 billion and $65 billion this year to capital expenditures.
Investor's Business Daily (www.investors.com)
• Published 5 months ago
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Trump’s executive order a ’game-changer’ for institutional crypto adoption
Trump’s CBDC ban could bolster crypto payment adoption among large financial institutions in the US.
Cointelegraph (cointelegraph.com)
• Published 5 months ago
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Zuckerberg sets Meta's AI targets for the year, expects to spend $60 billion on growth
Meta CEO Mark Zuckerberg announced the company plans to invest around $60 billion to $65 billion in capital expenditures this year
CNBC (www.cnbc.com)
• Published 5 months ago
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Trump plans to use emergency powers to fast-track generation co-located with AI
President Donald Trump’s comments on building power plants for data centers appears to align with the views of FERC Chairman Mark Christie, ClearView Energy Partners said.
Utilitydive.com (www.utilitydive.com)
• Published 5 months ago
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Ford recalls more than 270,000 Broncos and Mavericks due to loss of power problem
Ford Motor Co. is recalling more than 270,000 Broncos and Mavericks due to a power problem that can cause vehicles to stop unexpectedly or fail to start. Information from the National Highway and Transportation Safety Administration says the problem is relate…
Associated Press (apnews.com)
• Published 5 months ago
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US securities regulator opens door for Wall Street banks to hold crypto
Securities and Exchange Commission overturns guidance that made it costly to hold digital assets for clients
Financial Times (www.ft.com)
• Published 5 months ago
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Walmart bets on the stressed-out, fading middle manager’s future, bumping pay to $620,000
Meanwhile, Amazon and other tech companies are shirking the middle manager
Fortune (fortune.com)
• Published 5 months ago
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Trump vs. the Fed 2.0
As in his first term, Trump rejects the modern norm of presidents not publicly commenting on or recommending interest rate policy.
Axios (www.axios.com)
• Published 5 months ago
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