Barbara Res, the Trump Organization’s former executive vice president of construction and development, recently came forward to challenge former President Donald Trump’s narrative about a helicopter ride incident involving former San Francisco Mayor Willie Brown in the 1990s. Res provided a different perspective on the event, shedding light on the details surrounding the controversial helicopter
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Sen. Elizabeth Warren, D-Mass., has raised questions regarding Tesla CEO Elon Musk’s utilization of company resources for his other ventures, such as SpaceX and xAI. These concerns were outlined in a detailed 10-page letter addressed to Tesla Chairwoman Robyn Denholm. Warren asserts that the Tesla Board of Directors may be neglecting their fiduciary duties to
The Federal Reserve Bank of New York recently reported that Americans now collectively owe a staggering $1.14 trillion on their credit cards. This figure represents a significant increase from previous years, with the average balance per consumer standing at $6,329 – a 4.8% year-over-year rise. The data from a TransUnion report also indicates that credit
If Vice President Kamala Harris were to become president, she would prioritize small business growth and large industry competition when shaping her antitrust and regulatory policy, according to Maryland’s Democratic Governor, Wes Moore. Moore believes that Harris’s administration would focus on supporting small businesses to make it easier for them to grow. Additionally, he suggests
John Schulman, co-founder of OpenAI, recently announced his departure from the Microsoft-backed company to join Anthropic, an artificial intelligence startup funded by Amazon. This move comes shortly after OpenAI disbanded its superalignment team, which was focused on ensuring control over AI systems exceeding human capability. Schulman, who had been leading OpenAI’s post-training team, is known
Delta Air Lines faced significant backlash after rejecting onsite assistance from CrowdStrike during a massive outage that led to thousands of flight cancellations last month. The airline’s CEO, Ed Bastian, announced that the outage cost the company approximately $500 million, including customer compensation, and stated that they had no choice but to seek damages. This
In a recent report to investors, Walgreens revealed plans to shut down a significant number of its 8,600 stores in the United States. CEO Tim Wentworth stated that only 75% of the chain’s stores were currently profitable, leaving the remaining 25% at risk of closure by 2027. This move comes amidst a series of closures
Defense Secretary Lloyd Austin made a significant decision on Friday by withdrawing the controversial plea deal for the three men accused of planning the 9/11 attacks. In a press release, the Defense Department stated that Austin signed a memo reserving the authority to enter into pre-trial agreements with the accused in the 9/11 military commission
The 2024 Olympics in Paris have been hit by an unexpected heatwave, leading to extreme temperatures that are taking a toll on the athletes. The French capital has seen temperatures soaring as high as 36 degrees Celsius (97 degrees Fahrenheit), causing discomfort and difficulties for participants across various sports. Numerous athletes have voiced their concerns
As the Federal Reserve signals a potential shift towards interest rate reductions, some parts of the market are growing impatient for action. Chief economist Claudia Sahm, known for creating the Sahm Rule to gauge recession indicators, has been advocating for the central bank to start easing monetary policy gradually. However, the market seems to be