Wall Street felt the ripple effects of Elon Musk’s latest expansion on Friday as shares of AT&T, Verizon, and T-Mobile plummeted following an announcement that SpaceX intends to become a major mobile carrier in the United States. The move wiped out over 50 billion dollars in combined market value before noon, with T-Mobile seeing the
President Donald Trump has escalated his efforts to remove Federal Reserve Governor Lisa Cook by signing an executive order to create a special committee tasked with investigating her conduct. According to a presidential memorandum released on Friday, the probe focuses on allegations that Cook made false statements concerning mortgage instruments. The resulting findings will be
The United States government has launched a sweeping crackdown on the pathways to permanent residency for skilled foreign workers, effectively blocking several global tech giants from sponsoring employee green cards. Vice President JD Vance announced the suspension of certain companies from the Permanent Labour Certification program, claiming that the system has been manipulated to replace
Three former safety researchers at OpenAI are fighting back against their sudden dismissals, claiming that accusations of misconduct are a facade for a shifting corporate culture that now penalizes transparency. In an open letter addressed to the company’s leadership councils, Jasmine Wang, Tomek Korbak, and Mikita Balesni deny allegations that they mishandled sensitive data and
With the midterm elections fast approaching, President Donald Trump is racing against time to lower gasoline and diesel prices that have surged following conflicts involving Iran and Russia. For many American voters, the pain felt at the pump has become a central campaign issue, tying Republican candidates to broader anxieties over inflation and the cost
A sudden shift in U.S. immigration policy has sent shockwaves through the global technology sector after the Trump administration suspended several major firms from the Permanent Labor Certification program. Vice President JD Vance announced the move during a recent press conference, specifically targeting Microsoft and Adobe along with six prominent IT services companies heavily linked
The ambitious plans for Firmus to make one of the biggest entrances in Australian financial history have come to an abrupt halt. The AI data center operator, which enjoys significant backing from industry titan Nvidia, officially withdrew its massive initial public offering this week. In a statement sent to CNBC, the company pointed toward current
A sudden decision by the Trump administration to suspend Microsoft and Adobe, along with several major outsourcing firms, from a federal visa sponsorship program has sent shockwaves through the technology sector. The move targets the Permanent Labor Certification process, known as PERM, which serves as a critical first step for companies seeking to sponsor foreign
Shoppers may soon notice a slight uptick in the cost of their favorite party snacks and sodas. PepsiCo has announced plans to implement single digit price increases across several of its most popular brands, including Doritos, Ruffles, and SunChips. The move comes after a lackluster third quarter in North America, where the company struggled to
Wall Street spent Thursday speculating about an unlikely pairing of coffee and burritos after reports surfaced that Starbucks may have eyed a takeover of Chipotle Mexican Grill. The buzz began when the Financial Times suggested that Starbucks had brought in advisors to explore a potential acquisition, a move that would represent one of the most