A key Cabinet official in the Trump administration on Monday hit back at former President Barack Obama’s criticisms of White House renovations by having lunch at the restaurant that was caught up in the ex-president’s critique. Obama spoke at a rally in Ohio on Saturday while campaigning for Democratic candidates…

Tens of millions of tax-advantaged Trump Accounts have been created for American children, with many created automatically, which will require parents and guardians to claim the account for a given child. Trump Accounts are investment accounts created for children under the age of 18, which include a one-time $1,000 contribution…

Microsoft on Monday announced a new voluntary buyout program that will cover about 60,000 eligible employees who can choose to leave the company with financial support and other career planning resources. The buyout program covers more than a quarter of Microsoft’s global workforce, as the company said it had about…

Treasury Secretary Scott Bessent says the Trump administration is intensifying its financial pressure on Iran, targeting foreign banking channels and isolating the country’s economy as Washington weighs its next steps against Tehran. “I think that the Iranians are panicked. I think the economy is collapsing,” Bessent said.During an appearance on…

A historic Los Angeles diner that served customers for more than a century is preparing to reopen after closing last year, with a new nonprofit business model that will direct all of its profits toward homelessness programs. The Original Pantry Cafe, which first opened in 1924, is expected to reopen…

A group of senior creditors to JetBlue Airways has reportedly hired financial and legal advisors as the airline faces mounting financial pressure, falling bond prices and rising fuel costs that have complicated turnaround efforts. The creditors are working with investment bank PJT Partners and law firm Akin, according to The…

Anthropic on Monday released the prospectus for its highly anticipated initial public offering (IPO) as the tech giant looks to raise capital to help further its AI ambitions. The company’s prospectus shows Anthropic has seen rapid growth over the last year, as well as mounting costs amid deep investment in…

Elon Musk said SpaceX has closed $40 billion in debt financing to purchase graphics processing units for its artificial intelligence operations, highlighting the enormous sums being spent in the race to build AI computing capacity. Musk announced the financing on Sunday, saying SpaceX was able to secure the money because…

Anthropic’s Claude AI model accessed publicly available voter data through Georgia’s data hub, state officials and the company confirmed to FOX Business on Sunday. The Georgia Secretary of State’s office stressed that the bot did not access a voter file or the state’s voter registration system.”This was publicly available data…

General Motors is expanding its autonomous driving technology to more of its vehicles as the automaker invests in AI and software that could become a growing source of revenue. The automaker said Wednesday at its “GM Forward” event that it plans to expand “eyes-off” autonomous driving to pickup trucks, crossovers…