Economy

Economy
Economy

Bill Gates is deeply worried about AI, and he’s no longer staying quiet

Bill Gates is stepping out of the shadows and breaking his recent silence on artificial intelligence, but he isn’t returning with the same optimism that defined his earlier outlook. In a sweeping new essay, the Microsoft cofounder warns that the world is entering one of the most turbulent eras in human history. While he once

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Economy

SpaceX Is Building A $100 Billion ‘Starbase’ Launch Site In Louisiana

SpaceX is planning a staggering expansion of its orbital capabilities with the announcement of a new 100 billion dollar launch site on the southern coast of Louisiana. Known as Starbase Louisiana, the massive facility will span roughly 195 square miles in an area called Pecan Island. Governor Jeff Landry and SpaceX executives confirmed that the

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Economy

Billionaire investor says he used AI to write critique of former mentee Scott Bessent

Billionaire investor Stanley Druckenmiller has sparked a conversation about the intersection of finance and technology after admitting he used artificial intelligence to draft a scathing critique of his former mentee, Treasury Secretary Scott Bessent. The debate began when readers noticed unusual phrasing in Druckenmiller’s recent Wall Street Journal op-ed, where he voiced strong opposition to

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Economy

Scott Bessent’s bond intervention puts US Treasury on collision course with Fed

The financial world is bracing for a high stakes showdown between the United States Treasury and the Federal Reserve following recent signals that Scott Bessent intends to intervene directly in the bond market. The proposal suggests a strategic shift where the Treasury would take an active role in managing yields to keep borrowing costs sustainable,

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Economy

Instagram CEO denies company hid low use of teen safety feature in Meta trial

Adam Mosseri, the CEO of Instagram, took the stand in a California courtroom on Tuesday to defend his company against claims that it intentionally concealed poor performance data regarding teen safety features. Appearing as the first top Meta executive to testify in a landmark lawsuit brought by 29 U.S. states, Mosseri pushed back against assertions

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Economy

HHS plans new FDA deputy commissioner roles for technology and drugs, sources say

The Department of Health and Human Services is preparing to expand the leadership structure at the Food and Drug Administration by creating two new deputy commissioner positions. According to sources familiar with the plan, these roles will focus specifically on drugs and technology, with the latter tasked with managing the complex intersection of healthcare and

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Economy

Musk’s SpaceX to build $100bn launch facility in Louisiana

Elon Musk is doubling down on his vision for interplanetary travel with the announcement that SpaceX will construct a massive new launch facility in Louisiana. The project, which carries a staggering price tag of 100 billion dollars, will be known as Starbase Louisiana. Spanning roughly 125,000 acres, this site is designed to become the largest

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Economy

Instagram head Adam Mosseri testifies in defense of Meta in child safety trial

Adam Mosseri, the head of Instagram, faced intense questioning in an Oakland courtroom on Tuesday as part of a sweeping trial against Meta. Attorneys representing California, Colorado, Kentucky, and New Jersey allege that Meta intentionally designed its platforms to hook children and harvest their data while concealing the psychological risks involved. Throughout his testimony, Mosseri

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Economy

Instagram head expected to testify in Meta trial

Adam Mosseri, the head of Instagram, is expected to take the witness stand on Tuesday in a high stakes federal trial in Oakland, California. The proceedings center on allegations from several state attorneys general who claim that Meta deliberately engineered its platforms, including Facebook and WhatsApp, to hook children and foster addiction. These officials argue

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Economy

Starbase Louisiana: SpaceX announces enormous $100 billion Starbase launch site

Louisiana is poised to become the epicenter of humanity’s journey into deep space following an announcement from SpaceX and Governor Jeff Landry regarding a staggering 100 billion dollar investment. Known as Starbase Louisiana, this massive manufacturing and launch complex will be situated in Vermilion Parish along the Gulf Coast. The project represents one of the

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