Reason Magazine reports President Donald Trump’s tariffs and his war with Iran appears to have personally played a role in killing a profitable North Carolina tire factory. “The Goodyear Rubber and Tire Co. announced this week that it would be shuttering its Fayetteville, North Carolina, plant that currently employs more than 1,700 workers,” reports Reason,…
On Feb. 10, an AI founder named Matt Shumer published a 5,000-word essay arguing that most of the world was sleepwalking into a crisis akin to coronavirus, but only tech people knew what was coming. The essay would be viewed nearly 87 million times and crystallized a fear that would engulf Wall Street by the…
When Volkswagen introduced the first Golf GTI in Europe in 1976, it might not have been the first hot hatchback, but it quickly became the gold standard version. Unlike in America, where big cars were cheap and fuel even cheaper, small European streets and even smaller car-buying budgets necessitated vehicles a little more economical in…
ADVERTISEMENT Earlier in the week, I got a chance to see the new Swatch x Audemars Piguet Royal Pop collaboration in person, the hottest (and most hotly debated) thing since, well, Swatch did their first collaboration with Omega. There were some restrictions, like the fact that I couldn’t handle some of them without gloves, but…
CHICAGO — Sam Sianis, the longtime owner and patriarch of the legendary Billy Goat Tavern, has died. He was 91. Sianis died peacefully Friday morning in his sleep while surrounded by family, according to a statement from the Billy Goat Tavern. “It is with great sadness and heavy hearts that we announce the passing of…
WEST LAWN — Ford City Mall, a Southwest Side fixture recently labeled a “death trap” by local officials, will close June 22, officials said Friday. The decision comes one month after city officials filed an emergency motion asking a Cook County judge to force all tenants and occupants to evacuate the mall, 7601 S. Cicero…
Residents of a quiet residential neighborhood are going spare at the number of driverless Waymo cars invading their area. Locals on Battleview Drive in Buckhead, Atlanta, Georgia, say their cul-de-sacs are being clogged by dozens of cars every day after appearing two months ago. WSB-TV 2 spoke to incensed residents who are now pleading with…
OAKLAND, Calif. — Six tech billionaires walk into a courthouse … Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. It’s not the setup to a joke. It’s the extraordinary spectacle that played out at a federal court complex over three weeks, as a mass concentration of tech wealth…
Construction on the Marriner S. Eccles Federal Reserve building in Washington, DC, US, on Monday, Dec. 15, 2025. Al Drago | Bloomberg | Getty Images Markets for the first time in the current cycle now think the Federal Reserve‘s next move will be an interest rate hike. Following a week of surprisingly high inflation readings,…
Here’s a hint: it’s not 11. Here’s a hint: it’s not 11. May 15, 2026, 4:47 PM UTC Dominic Preston is a news editor with over a decade’s experience in journalism. He previously worked at Android Police and Tech Advisor. Where’s the Trump phone? We’re going to keep talking about it every week. We’ve reached…
Friendship breakups are never easy, but few are as messy and expensive as the collapse of Elon Musk and Sam Altman’s once thriving tech bromance. On Thursday, closing arguments wrapped up in Musk’s lawsuit against OpenAI, leaving a jury to deliberate next week whether Altman and other executives “stole a charity” (as one of Musk’s…
LOS ANGELES (KABC) — L.A.’s legendary Original Tommy’s burger chain on Friday kicked off a celebration of its 80th anniversary by offering 80-cent chili cheeseburgers in a one-day-only deal. The signature burgers — which normally cost $5.50 — will be available for 80 cents from 12 p.m. to 8 p.m. at all of the chain’s…
The electrical fire that knocked out LIRR and NJ Transit service to New York Penn Station on Thursday was likely caused when a loose panel on an Amtrak Acela train made contact with the third rail just inside the East River Tunnel, the Daily News has learned. The panel, which came loose from the side…
Topline President Donald Trump’s son Eric defended his father Friday as the president faces scrutiny for making millions of dollars worth of stock trades over the last few months—as his administration had dealings with many of those companies—with Eric Trump claiming it’s “blatantly false” to suggest any of the family’s securities trades pose a conflict….
SpaceX is seeking to file publicly for its long-awaited IPO as soon as Wednesday, according to people familiar with the matter. Elon Musk’s rocket, satellite and artificial intelligence company aims to kick off formal marketing as soon as June 4, price its initial public offering as early as June 11 and list on June 12,…
The Associated Press laid off 20 U.S.-based journalists on Friday, the union representing them said, part of a restructuring announced last month that is turning the news organization’s focus away from print journalism and toward visual journalism and other revenue sources. “This is part of the restructuring we announced last month to align our operations…
When she appealed to management, Hatch Trick allegedly told the employee that it was not possible for her to maintain her managerial role if she did not work on Saturdays. Instead, they told her that she had to accept a delivery driver position, which entailed lower pay, reduced benefits and hours, the EEOC said.
In this article BRK.B UAL AAL AON POOL DPZ CHTR Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett and Greg Abel during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBC Berkshire Hathaway added a sizeable stake in Delta Air Lines, marking the conglomerate’s return to the airline industry after…
By Amanda Cooper, Karen Brettell, Laura Matthews and Gertrude Chavez-Dreyfuss LONDON/NEW YORK, May 15 (Reuters) – Bond markets are bracing for interest-rate pain in a way they have not in decades, as investors assess the economic costs of the war with Iran and how the global economy will bear those burdens. Benchmark 10-year U.S. Treasury…
This week’s summit between President Trump and Chinese President Xi Jinping could ease economic tensions between the countries in the short term, but failed to deliver any breakthrough trade deals, according to some experts. “I was expecting that China would announce mega purchases of U.S. agriculture, energy and airplanes,” Wendy Cutler, a former negotiator in…
Rivian has opened the online configurator for the R2, its critical mid-size electric SUV, giving reservation holders their first chance to spec out the vehicle ahead of deliveries. The Performance trim starts at $57,990 — just under Tesla’s Model Y Performance at $58,880. The configurator launch comes ahead of Rivian’s previously communicated June timeline, signaling…
Bonds sold off sharply around the world on Friday as investors brace for persistently elevated inflation amid the ongoing energy crisis. Oil jumped after the U.S.-China summit wrapped up without any signs that Beijing will lean on ally Iran to reopen the Strait of Hormuz. That followed a series of U.S. debt auctions this past…
If you’re at all an aviation geek or interested in the airline industry, I implore you to find 47 minutes over the weekend to enjoy this… In this post: Cockpit Casual documents Spirit Airlines repo operation I’ve written in the past about the “Cockpit Casual” channel on YouTube, which is run by Steve Giordano. He…
This article first appeared on GuruFocus. Microsoft (NASDAQ:MSFT) stock surged 2% on Friday after a report said billionaire investor Bill Ackman (Trades, Portfolio) added the software giant to Pershing Square’s portfolio. Microsoft has lost more than 15% this year, even after closing at $409.43 in the previous session. Investors have been weighing heavy competition from…
OpenAI is reportedly exploring legal options after Apple’s ChatGPT integration into its products didn’t live up to the AI firm’s expectations. When the deal was announced, Apple likened features linking Siri to ChatGPT to its now-infamous deal embedding Google search in the Safari browser, insiders granted anonymity to discuss the “strained” partnership told Bloomberg. And…
After steering the Federal Reserve through a series of major economic shocks, from the pandemic to the highest inflation in 40 years, Jerome Powell will leave a legacy defined by managing crisis and an unwavering defense of the central bank’s historical independence. As Powell steps down on Friday after eight years as Fed chair, more…
In this article US2Y US30Y US10Y @CL.1 @LCO.1 Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the floor at the New York Stock Exchange, April 23, 2026. Jeenah Moon | Reuters U.S. Treasury yields spiked on Friday following a week of messy inflation data and as traders looked to price interest rate policy under…
The rain in Windsor, North Carolina, is way behind schedule. Despite the seat of Bertie County being crisscrossed with rivers and creeks and lying on the estuary of the Albemarle Sound, local farmer Charles Harden reckons the area is suffering from a 12-inch rain shortfall in the first five months of 2026. “It’s been terrible…
Pershing Square Capital Management, the hedge fund run by the billionaire investor, has built a new position in the software giant. And in typical Ackman fashion, he disclosed the stake in his trademark style: a lengthy post on X on Friday ahead of his firm’s quarterly 13F filing (a required filing for institutional investment managers…
President Donald Trump‘s first quarter financial disclosure report showed thousands of transactions that include purchases and sales of securities across big tech and major media companies. The filings, released by the Office of Government Ethics this week, showed that the president purchased between $15,001 and $50,000 in Paramount Skydance securities on March 25, and the…
WASHINGTON (AP) — When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs. Now, as Powell steps down from the post after eight tumultuous years, the U.S. economy is transformed: Inflation soared after…
TechTechFrom lines like “the good of humanity” to the “directionally very bad,” Altman’s defense was decent work—if you can trust it Getty Images/Ringer illustration By Katie BakerMay 15, 10:30 am UTC • 11 min This week, OpenAI cofounder and CEO Sam Altman sat on the witness stand in a federal courtroom in Oakland, California, and…
Long Island Rail Road and NJ Transit service to Penn Station remained severely strained Friday morning due to an ongoing transit meltdown caused by an East River tunnel fire a day earlier, officials said. The MTA reported the LIRR was running “extremely limited” service into the station during the morning rush, and cancelled all eastbound…