Senator Elizabeth Warren from Massachusetts has raised concerns about Tesla CEO Elon Musk’s use of company resources to benefit his other ventures, including SpaceX and xAI. In a 10-page letter addressed to Tesla Chairwoman Robyn Denholm, Warren accuses the Tesla board of failing to meet its fiduciary duties to Tesla shareholders by neglecting to address
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Credit card debt in the United States has reached an all-time high, with Americans now owing an astonishing $1.14 trillion on their credit cards. The situation is becoming increasingly alarming as the average balance per consumer has surged to $6,329, marking a 4.8% increase year over year. Data from both the Federal Reserve Bank of
If Vice President Kamala Harris were to become the president, Maryland’s Democratic Gov. Wes Moore believes that she would prioritize the growth of small businesses and promote healthy competition within large industries. Moore suggests that Harris would support policies that make it easier for small businesses to thrive while also ensuring that large corporations can
In a surprising announcement, OpenAI co-founder John Schulman declared his departure from the Microsoft-backed company to join Anthropic, an artificial intelligence startup funded by Amazon. Schulman, who had been a key figure at OpenAI, contributed to refining AI models for the ChatGPT chatbot and developing a programming interface for third-party developers. His decision to leave
Recently, CrowdStrike disclosed that Delta Air Lines declined onsite assistance during a major outage that resulted in numerous flight cancellations. Delta CEO Ed Bastian revealed that the outage cost the company around $500 million in losses, including compensation for affected customers. In response to this crisis, Delta has made the decision to pursue legal action
Walgreens, a well-known pharmacy chain, recently disclosed plans to shut down a significant number of its 8,600 stores in the U.S. The decision came as a result of only 75% of the stores being profitable, leaving the remaining one-quarter facing closure by 2027. This move reflects a broader trend of struggles within the retail pharmacy
Defense Secretary Lloyd Austin made a bold move on Friday by withdrawing the controversial plea deal for the three men accused of planning the 9/11 attacks. This decision was made by Austin himself, as he signed a memo reserving the specific authority to enter into pre-trial agreements with the accused in the 9/11 military commission
The 2024 Paris Olympics have kicked off with a bang, but not without facing extreme challenges due to the scorching heat. With temperatures soaring as high as 36 degrees Celsius (97 degrees Fahrenheit), athletes from different countries have been struggling to cope with the intense heatwave. U.S. gymnast Simone Biles took to Instagram to address
As the Federal Reserve hints at the possibility of interest rate reductions, various sectors of the market are eagerly awaiting these changes. Chief economist Claudia Sahm has expressed concerns about the Fed’s delay in normalizing interest rates, citing the potential risks to the economy. According to Sahm, the Fed needs to gradually reduce interest rates
Donald Trump is set to participate in a question-and-answer session at the National Association of Black Journalists Annual Convention in Chicago, where he will be addressing key issues affecting the Black community. This event is crucial for Trump as he aims to appeal directly to voters of color, especially after winning just 12% of Black