Business

A senior Trump administration official said Friday that Fed Chair Jerome Powell is “considering resigning” as pressure grows for an investigation into whether he lied to Congress about the central bank’s “Palace of Versailles” renovations to its headquarters in Washington, DC. Bill Pulte, the chair of US government-backed mortgage lenders Fannie Mae and Freddie Mac, posted on X that he …

Google has struck a licensing deal with coding startup Windsurf, upending OpenAI’s $3 billion offer to acquire the startup after the clock on the deal’s exclusivity period expired. The deal with Google means that Windsurf will continue to operate as an independent startup while key members of the team join Google, a source familiar with the matter told Fortune. “We’re …

Energy Secretary Chris Wright at the U.S. Capitol in Washington, D.C. (pictured in May), said, “Investing in American energy enables energy independence and truly unleashes America’s ability to serve as the world leader in global energy.” File File Photo by Bonnie Cash/UPI | License Photo July 11 (UPI) — The U.S. Department of Energy announced Friday it has approved an …

Bay Area politician eviscerates Musk’s ‘uniquely’ bad California robotaxi plans  SFGATE Tesla moves to expand Robotaxi to Phoenix, following rival Waymo  CNBC Tesla Hasn’t Even Applied For Permits Musk’s Robotaxis Need  Bloomberg.com Elon Musk’s Robotaxi Dream Could Be A Liability Nightmare For Tesla And Its Owners  Forbes Tesla has not yet applied for robotaxi permits in California, state regulators say  Reuters Source link

Elon Musk claims that Tesla Robotaxi is coming to California within the next 2 months, pending regulatory approval, but no one other than Tesla shareholders appears to believe him. Tesla has been moving the goalpost on self-driving for years. Moving away from its promise of unsupervised self-driving in all consumer vehicles built since 2016, to now a Robotaxi service in …

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Exclusive | Latest Tariff Threats Could Delay Rate Cuts, Chicago Fed’s Goolsbee Says  The Wall Street JournalView Full Coverage on Google News Source link

Fed Defends Renovations as White House Widens Attacks on Central Bank  The New York Times Trump’s increasingly aggressive attacks on Powell aren’t what you think  CNN Statement from Chairman of the Board of Fannie Mae and Freddie Mac William J. Pulte on Reports that Jerome Powell Is Considering Resigning  FHFA (.gov) ‘Huge deal’: White House probe fuels speculation Trump could oust Powell  Politico Trump …

Google hires Windsurf execs in $2.4 billion deal to advance AI coding ambitions  Reuters Google Hires A.I. Leaders From a Start-Up Courted by OpenAI  The New York Times OpenAI’s $3 Billion Deal to Buy AI Startup Windsurf Falls Apart  Bloomberg Google hires Windsurf CEO Varun Mohan, others in $2.4 billion AI talent deal  CNBC Exclusive | Google to Pay $2.4 Billion in Deal to …

A major nursing home chain with 175 senior living facilities across 17 states has filed for bankruptcy. The bankruptcy plunges a further 15,000 senior residents into the ongoing care crisis sweeping the United States.  Genesis Healthcare said it was shelling out $8 million a month on personal-injury and wrongful death claims, a situation that became financially untenable.  At its height …