Treasury Proposes Rules to Limit Large Investors in Home Purchases
The U.S. Department of the Treasury has proposed new regulations to implement the 21st Century ROAD to Housing Act, aiming...
Markets
Barclays Cuts 5,000 Jobs as AI Seen as ‘Icing on the Cake’
Barclays CEO C.S. Venkatakrishnan described artificial intelligence as the “icing on the cake” during a Thursday announcement revealing plans to...
SpaceX Posts $4.4B Profit, Musk Hints at Tesla Merger
SpaceX has reported a significant quarterly profit of $4.4 billion, surpassing Wall Street expectations, as its satellite communications and artificial...
Bond Market Adjusts as AI Drives Interest Rate Shift
The bond market is already responding to the surge in artificial intelligence (AI) investment, with long-term interest rates rising independently...
Eric Schmidt’s Anthropic Stake Could Boost Net Worth by $10 Billion
Eric Schmidt, the former Google chief executive and prominent Democrat donor, holds a one percent stake in Anthropic, which could...
Young Americans Drive Credit Card Spending Surge Amid Rising Costs
Young Americans are increasingly relying on credit cards to manage rising living costs, with Gen Z and millennial customers recording...
Homebuilder Confidence Hits 14-Year Low Amid Rising Mortgage Rates
U.S. homebuilder confidence fell to its lowest level in 14 years in October, according to the National Association of Home...
Anthropic to Allocate 5% of Shares to Public Benefit Fund Ahead of IPO
Anthropic, the AI research company, has announced plans to allocate 5% of its shares to a newly created 'Public Benefit...
Musk Pledges SpaceX Shares to Every Child in America
Elon Musk has pledged to give one share of his company SpaceX to every child in America next year, marking...
Diesel Prices Blamed on Middle East, Not Zelensky, Says Kellogg
Former Trump National Security Adviser and former Trump Envoy Keith Kellogg recently appeared on the Fox Business Network’s “Kudlow” to...
