Business

President Donald Trump has said he will immediately remove Federal Reserve official Lisa Cook from her position, a major escalation in his battle against the US central bank. In an announcement made on his social media platform Truth Social, Trump posted a letter addressed to Cook in which he informed her of his decision to remove her from the bank’s …

Elon Musk’s xAI sues Apple and OpenAI in expanding fight over competition  The Washington Post Elon Musk accuses Apple and OpenAI of stifling AI competition in antitrust lawsuit  AP News Inside Elon Musk’s suit against Apple and OpenAI: ‘This is a tale of two monopolists’  Yahoo Finance Musk’s xAI sues Apple, OpenAI alleging anticompetitive scheme harmed X, Grok  CNBC Elon Musk’s xAI sues Apple, …

WASHINGTON (AP) — President Donald Trump said Monday night that he’s firing Federal Reserve Governor Lisa Cook, an unprecedented move that would constitute a sharp escalation in his battle to exert greater control over what has long been considered an institution independent from day-to-day politics. Trump said in a letter posted on his Truth Social platform that he is removing …

SpaceX called off the planned 10th test flight of its Starship megarocket for the second day in a row on Monday (Aug. 25), this time because Mother Nature wouldn’t cooperate. SpaceX originally aimed to launch Starship Flight 10 from its Starbase site in South Texas on Sunday evening, during an hourlong window that opened at 7:30 p.m. EDT (2330 GMT), …

The latest Powerball jackpot has become the 10th largest ever, with an estimated prize of $750 million and a cash value of $338.6 million. The next drawing is Monday night and will be the 37th drawing since the jackpot was last won May 31 in California, according to a Powerball news release. The odds of winning the jackpot are 1 …

Facebook Tweet Email Link New York  —  Cracker Barrel, the struggling country-themed restaurant chain and road trip staple, is backtracking on a new logo that drew a right-wing backlash and tanked the chain’s stock. “If the last few days have shown us anything, it’s how deeply people care about Cracker Barrel,” the company posted on its website Monday. “You’ve also …

When Federal Reserve Chair Jerome Powell on Friday opened the door to cutting interest rates for the first time in nearly a year, he noted the tremors beginning to shake a main pillar of the U.S. economy: the labor market.  Concerns about the pace of job growth were heightened earlier this month after government data showed a sharp slowdown in hiring in …

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After suffering a week of online backlash to its new streamlined logo design — and a 9% drop in its stock price — the Cracker Barrel restaurant chain finally responded to critics Monday in a statement admitting it “could’ve done a better job sharing who we are and who we’ll always be.” “If the last few days have shown us …

The winner chose to remain anonymous FILE – A display panel advertises tickets for a Powerball drawing at a convenience store, Nov. 7, 2022, in Renfrew, Pa. There is an $865 million Powerball jackpot up for grabs Wednesday night, March 27, 2024. (AP Photo/Keith Srakocic, File) (Keith Srakocic, Copyright 2022 The Associated Press. All rights reserved) SAN ANTONIO – A …