Plane maker Bombardier expands in the United States under investment deal touted by Trump
Cheryl Cassoni reports on President Trump’s threat to suspend Canadian aircraft manufacturer Bombardier’s sales to the United States. Samir Kapadia of the Vogel Group analyzes the trade pressure campaign and its political implications in…
U.S. Treasury Proposes Rule to Crack Down on High-Tech Investment in China and Other Adversaries
WASHINGTON (AP) — The U.S. Treasury Department proposed a rule Thursday aimed at cracking down on U.S. investments in high technology, such as supercomputers and artificial intelligence, in China, Russia, North Korea and other “countries of concern.” The…
Zuckerberg strikes deal with Meta to help pay billionaires’ tax if deal passes
SACRAMENTO, Calif. — SACRAMENTO, Calif. (AP) — Mark Zuckerberg has reached a deal with Meta’s board to help pay for a proposed California billionaire tax without losing his stake in the company he founded, according to regulatory filings…
Budget Rules May Hide the True Cost of Fixing the Social Security Trust Fund
Kent Smetters, director of the Penn Wharton Budget Model, on the looming Social Security funding crisis. Social Security is expected to become insolvent within a decade, and with the main safety net program facing the prospect of automatic benefit cuts…
Trump humiliated in explosive crypto lawsuit
Donald Trump was sued Thursday by a cryptocurrency company that claims he violated the Constitution by profiting from deals with a United Arab Emirates official while he was in office. Filed in the U.S. District Court for the District of Columbia, the…
Cloudflare and Vercel warn of AI cyber panic
A few weeks ago, I heard a strange story about a friend who works at one of the big tech companies in Silicon Valley. She had recently ripped out smart devices from her house, ordered paper bank statements, and stocked up on canned goods in her basement.…
SpaceX could be about to buy 80,000 cell towers in an effort to compete with Verizon, AT&T and T-Mobile.
Elon Musk’s SpaceX (SPCX) may be about to send another message to telecom giants: We’re seriously coming to your rescue. The company plans to buy 80,000 cell sites across the United States, Bloomberg reported Friday. SpaceX is reportedly in…
Meta Benefits: Why Meta Stock Reversed Downward
Shares of Meta Platforms (META) fell Thursday as AI stocks fell while parent company Facebook’s earnings and capital spending forecasts reignited concerns about massive spending on artificial intelligence development. With its third-quarter results…
Trump launches manufactured housing task force, orders affordability reforms
President Donald Trump signed an executive order aimed at making housing affordable a few days before the midterm elections. The multi-part executive order issued Thursday aims to reduce the costs of title and mortgage insurance and promote more…
‘Everyone was screaming’: United Flight suddenly crashes near LAX, injuring 4 people
The plane, a Boeing 777 carrying 190 passengers and 10 crew, landed safely at LAX at 9:44 p.m., about 20 minutes late. After landing, the plane remained on the tarmac for at least 30 minutes while the injured flight attendants received treatment and the…