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When interest on national debt overtook military spending, it triggered a limit where the U.S. may ‘cease to be a great power’, warns Hoover historian – Fortune
Interest payments on the U.S. national debt are set to surpass $1 trillion in 2026, some $88 billion a month—equal to spending on defense and education combined. The economy has tripped past this point before: That is, there have been brief periods in history when service payments on the debt have outweighed military spending, for…
Snap’s stock jumps 11% on plans to axe 16% of its workforce citing AI efficiencies – CNBC
In this article SNAP XYZ UBER Follow your favorite stocksCREATE FREE ACCOUNT Omar Marques | SOPA Images | Lightrocket | Getty Images Snap‘s shares jumped about 7% on Wednesday after the company announced plans to slash up to 16% of its global workforce, citing AI-driven efficiencies. CEO Evan Spiegel said in a letter to staff…
590,000 buyers paid $59 million for Trump’s gold phone — not 1 has shipped and refunds look unlikely – Yahoo Finance
More than a half million people paid $100 each for a gold smartphone featuring an American flag that Trump Mobile promised would be “Made in the USA.” The problem is, one year later, they don’t seem to have been made at all. President Trump’s sons Donald Trump Jr. and Eric Trump announced the Trump Mobile…
Delta CIO Rahul Samant to retire after leading technology transformation – Delta News Hub
Amala Duggirala will join Delta as Chief Digital & Technology Officer, taking responsibility for a combined technology and digital function. Delta CEO Ed Bastian sent the following memo to employees, announcing the retirement of Rahul Samant, E.V.P. and Chief Information Officer, after 10 years of service. He also announced Amala Duggirala will join the airline…
Live markets: Bitcoin continues holding pattern near $77,000 ahead of Kevin Warsh taking over at Fed – CoinDesk
As has been the case all week, bitcoin (BTC) is trading in a tight range around the $77,000 level in U.S. morning action. There was some economic news on Friday morning, and it wasn’t pretty. The University of Michigan Consumer Sentiment Index for May fell to a record low 44.8 from 48.2 previously and versus…
Yemenis Turn to Risky Energy Alternatives Amid Growing Desperation
In the bustling city of Taiz, Yemen, residents are increasingly turning to alternative energy solutions for their power needs, as the public electricity grid remains largely unreliable. However, a recent tragic incident involving battery explosions highlights the potential hazards of these innovative energy sources, emphasizing the urgent need for improved safety measures and public education….
