Elon Musk has sold social media site X to his own xAI artificial intelligence company in a $33 billion all-stock deal, the billionaire announced on Friday. Both companies are privately held, which means they are not required to disclose their finances to the public. Musk said in a post on X that the move will…… MORE
Voice Of America Wins In Court, For Now, As Judge Blocks Trump Administration From Firing Staff
NEW YORK (AP) — A federal judge has halted the Trump administration’s efforts to dismantle the Voice of America, the eight-decade-old U.S. government-funded international news service. The judge calls the move a “classic case of arbitrary and capricious decision making.” Judge James Paul Oetken blocked the U.S. Agency for Global Media, which runs Voice of…… MORE
US Consumers Remained Cautious About Spending Last Month As Inflation Ticked Higher
WASHINGTON (AP) — An inflation gauge closely watched by the Federal Reserve remained high last month even before the impact of most tariffs has been felt. Americans’ spending rebounded in February after a fall last month and incomes increased. Friday’s report from the Commerce Department showed that consumer prices increased 2.5% in February from a…… MORE
Charlie Javice Convicted Of Defrauding JPMorgan During $175 Million Sale Of Financial Aid Startup
NEW YORK (AP) — The founder of a startup company that claimed to be revolutionizing the way college students apply for financial aid has been convicted of defrauding JPMorgan Chase out of $175 million. Prosecutors said Charlie Javice tricked the bank by saying her company, Frank, had more than 4 million customers when it actually…… MORE
DOGE Axes $4.7B in Contracts, Including Peru Climate and Mexico Gender Programs
Terry Schilling, GOP strategist and president of the American Principles Project, discusses DOGE’s $4.7B spending cuts, including programs for climate change in Peru and gender equity in Mexico. … MORE