Treasury’s Bessent hires Trump’s controversial former Fed board pick, Judy Shelton, as advisor
Shelton’s controversial economic ideas led the Senate to block her nomination to the Fed. Now she’s going to be a counselor to the Treasury secretary.
Delta CEO: ‘Safety is going to make the call’ on launching Saudi Arabia flight
Delta is weighing whether to continue with its Riyadh, Saudi Arabia flight debut as planned.
OpenAI and Anthropic poach Trump officials as industry fights for Washington’s trust
AI labs have been looking to people with political experience as frontier tech is increasingly viewed as a national security issue.
Major League Baseball proposes shortening its regular season as it pushes for a salary cap
Major League Baseball proposed a return to a shorter 154-game regular season schedule as it attempts to convince players to approve a salary cap.
Treasury sanctions 17 tankers linked to Iran’s ‘shadow fleet’ in economic pressure campaign
The additional sanctions are part of the Trump administration’s military and economic campaign against Iran.
Amazon overhauls aging devices lineup with higher-priced Alexa tablet, dumping the budget Fire
The company said the Alexa tablet’s improved speed and performance, artificial intelligence features, and upgraded design warrant a higher price tag.
Why REITs aren’t getting killed by rising interest rates this time around
REITs have been seen as a low interest rate play. But some experts are making the case that real estate fundamentals today are outweighing even rising rates.
PepsiCo cuts earnings forecast as North American turnaround takes longer than expected
Pepsi’s North American business continues to lag behind its international markets.
Trump awarding medals to Musk, Dell, Nadella and other tech execs at science summit
President Trump is giving awards to a number of top tech executives at a summit on Thursday.
FCC to vote on auctioning 25MHz of ‘prime spectrum’ in move that could benefit Amazon, SpaceX
SpaceX and Amazon have moved to expand providing direct-to-device services with networks of satellites.
