business News

Chocolate bars voluntarily recalled for possible salmonella contamination - ABC News

The $1 trillion reason Elon Musk ended Tesla FSD purchases - Business Insider

Never underestimate the power of financial incentives. Even for tech billionaires.

Saks Global Files for Chapter 11 Bankruptcy - WWD

Former Neiman Marcus Group chief Geoffroy van Raemdonck has been named CEO to steer the process, stepping in for Richard Baker, who stepped down.

OpenAI partners with Cerebras - OpenAI

OpenAI is partnering with Cerebras to add 750MW of ultra low-latency AI compute to our platform.

FDA upgrades voluntary cheese recall to highest risk level: What to know about the products - ABC News

Exclusive | OpenAI Forges Multibillion-Dollar Computing Partnership With Cerebras - The Wall Street Journal

Widespread Verizon outage prompts emergency alerts in Washington, New York City - NBC News

Verizon said on Wednesday that its wireless service was suffering an outage impacting cellular data and voice services

As President Trump Tackles Housing Affordability, Progress Emerges — and More Relief Is on the Horizon - The White House (.gov)

As President Donald J. Trump advances bold action to address the housing challenges facing American families following years of rising costs under Biden,

Bilt Unveils Credit Cards Capped at 10% After Trump’s Demands - Bloomberg.com

Bilt is unveiling three new credit cards with interest rates capped at 10%, days after President Donald Trump threatened lenders that failed to do so.

Don’t believe the banks lobbying against stablecoins - Financial Times

Issuers should be allowed to pay interest on stablecoins — just as lenders can on dollars

Committing $9B Annual Payout; Strengthening Stewardship of Funds - Gates Foundation

Foundation is planning operating expenditures at approximately 14% annually to ensure more funds are directed to the programs and people we serve

Here are the 46 Colorado gas stations that received diesel instead of regular unleaded - The Colorado Sun

Colorado’s Division of Oil and Public Safety has received more than 600 complaints from drivers who experienced engine issues, and complaints are still coming in

Wall Street hits back at Trump’s plan to limit interest on credit cards - Financial Times

Banks such as Citigroup and Wells Fargo say capping rates would limit credit and hurt economic growth

Meta Lays Off 1,500 People in Metaverse Division - The Wall Street Journal

'We're in a bad spot': Fed leaders push back on Trump's attacks on Powell - Politico

The rebukes from regional Fed officials are landing as the White House faces a cascade of criticism over the criminal inquiry into the central bank chair.

Banks Say U.S. Consumers Remain Resilient Despite Economic Pressures - The Wall Street Journal

Executives warn Trump’s effort to address affordability with 10% cap on credit-card interest rates would hurt economy

Trump’s Credit Card Threat Casts Shadow Over Wall Street’s Profit Parade - Bloomberg.com

Donald Trump’s return to the White House unleashed a market rally, dealmaking went into overdrive, and bankers embraced all things Trump to rake in the big money.

Peter Thiel makes his biggest donation in years to help defeat California’s billionaire wealth tax - Fortune

Peter Thiel and Gavin Newsom are united in opposition to the billionaire tax.

S&P 500 falls 1%, under pressure by tech; Bank of America, Wells Fargo slip after earnings: Live updates - CNBC

Traders digested a fresh batch of earnings and monitored geopolitical developments.

2025 home sales stuck at 30-year low with prices high and mortgages onerous - AP News

The U.S. housing market slump dragged into its fourth year in 2025, as sales remained stuck at a 30-year low with rising home prices and elevated mortgage rates keeping many prospective home shoppers shut out of the market. The National Association of Realtor…