Business
Treasury Secretary Scott Bessent called for Nvidia to hire its next CEO from outside the company following Jensen Huang’s resignation, arguing that questions surrounding the chipmaker’s compliance with U.S. export restrictions warrant a major leadership shake-up on “Sunday Morning Futures.” Bessent questioned whether Nvidia’s alleged export compliance failures were isolated…
Across the country, Americans earning six-figure salaries, carrying no debt and sitting on healthy savings accounts are increasingly hitting an unexpected wall when applying for everyday credit cards or loans: instant denial from automated bank algorithms. The rejections highlight a growing rift between kitchen-table financial discipline and corporate underwriting models.…
For many people, BlackBerry still brings to mind the signature smartphone that was once a staple of corporate America. But the BlackBerry that CEO John Giamatteo leads today looks very different.The devices that made the brand a household name are gone. In their place is a software business whose technology…
The IRS has increased the amount workers can contribute to their 401(k), up $1,000 from last year. The government inflation-adjusted the 2027 limit to $25,500, a boost from 2026’s $24,500 limit, according to a recent IRS release. “Along with the Working Families Tax Cuts, this increase in the pension limitations will…
Tesla is now taking orders from select customers for its Cybercab, as the automaker pushes to bring fully autonomous vehicles to the consumer market. Tesla announced Friday on X that “select customers are now being invited to purchase Cybercab for personal use” at a price of $29,990, with a required…
The Port of New Orleans is seeking more than $1 million in damages after an asphalt tanker struck a docked river cruise ship on the Mississippi River, with a federal judge authorizing the tanker’s seizure. The lawsuit, filed Friday in the U.S. District Court for the Eastern District of Louisiana…
Elon Musk’s SpaceX made history Saturday after its Starship spacecraft returned from orbit and was caught by giant mechanical arms at the company’s Texas launch facility for the first time. The milestone came roughly 22 hours after Starship launched Friday from SpaceX’s Starbase facility, although the company fell short of…
New York City Mayor Zohran Mamdani on Friday announced a deal with President Donald Trump that would give small business owners who accept SNAP benefits an extension of a new rule that requires certain items to be stocked. “I have spoken to President Trump and [United States Secretary of Agriculture…
During a Saturday news conference explaining why the Federal Aviation Administration instituted a nationwide ground stop for all flights Friday, Transportation Secretary Sean Duffy claimed a technical issue may have occurred while federal telecommunications contractor L3Harris was doing work on an FAA telecommunications line. “At least one of our remote…
Workday, a business software that handles payroll and human resources management for thousands of prominent companies, suffered a major outage Friday, joining Microsoft in experiencing a shutdown this week. The platform manages services for 11,500 companies.”Workday is currently unavailable,” the platform signaled when users tried to gain access. “We are…