The Senate Banking Committee voted 13-11 along party lines Wednesday to advance Kevin Warsh’s nomination as the next chair of the Federal Reserve, the first fully partisan committee vote on a Fed chair in the panel’s history, according to Sen.…
Apple’s incoming CEO introduced himself to Wall Street on Thursday, in a brief earnings-call debut in which John Ternus emphasized his commitment to continuity at the $4 trillion company. Ternus, who will officially replace CEO Tim Cook in September, promised…
New Mexico Attorney General Raúl Torrez filed for injunctive relief against Meta today, seeking sweeping court-ordered changes to how the company operates its platforms for children. Meta responded by threatening to pull Facebook, Instagram, and WhatsApp from the state entirely.…
The Senate has approved a bipartisan resolution to prevent its own members from using prediction markets, banning senators who are often privy to sensitive information from making bets on upcoming events. The measure that passed unanimously by voice vote Thursday was…
As the Trump administration considers shelling out billions to shutter offshore wind projects, energy executives are facing the uncomfortable reality that renewable energy may no longer be a viable business in the U.S. Earlier this week, Trump’s Department of the…
After weeks of delay, the House voted Thursday to fund much of the Department of Homeland Security, but not its immigration enforcement operations, and send the bipartisan package to President Donald Trump to sign, ending the longest agency shutdown in history. The White House…
Welcome to Eye on AI, with AI reporter Sharon Goldman. In this edition: SoftBank plans to list a new AI and robotics company in the US…AI model’s goblin habit, explained…Putting Google’s AI to the test as a trip planner. If…
Earlier this month, a balloon coated in aluminum foil—the kind normally seen at a child’s birthday party—drifted into the path of a transmission line, kindling an electrical spark that ignited dry vegetation nearby. Around the same time, a stray flicker…
Elon Musk’s relationship with Sam Altman and OpenAI has famously soured. In testimony during his lawsuit against the artificial intelligence giant, it became apparent that Musk’s relationship with cryptocurrency has soured, too. When asked to explain crypto inside an Oakland…
The United States has crossed a grim threshold: the national debt now exceeds the size of the entire American economy. As of March 31, debt held by the public stood at $31.27 trillion, while nominal GDP over the prior 12-month…