Barbara Res, the Trump Organization’s former executive vice president of construction and development, recently disputed former President Donald Trump’s account of riding with former San Francisco Mayor Willie Brown in a helicopter that had to make an emergency landing in the 1990s. According to Res, the incident actually took place while they were working on
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Senator Elizabeth Warren, D-Mass., has raised serious concerns about the Tesla board’s oversight of CEO Elon Musk’s use of company resources to benefit his other ventures, such as SpaceX and xAI. In a letter to Tesla Chairwoman Robyn Denholm, Warren highlighted potential conflicts of interest that may be harming Tesla’s shareholders. This comes after previous
The statistics surrounding credit card debt in America are alarming. According to the Federal Reserve Bank of New York, Americans collectively owe a staggering $1.14 trillion on their credit cards. This figure represents a significant increase, with the average balance per consumer now standing at $6,329 – up 4.8% year over year, as reported by
In a potential Harris administration, there would be a significant shift in the approach to small business growth and competition within large industries. Maryland’s Democratic Gov. Wes Moore highlighted the importance Vice President Kamala Harris places on supporting small businesses and fostering a competitive environment for large industries. This pro-growth, pro-competition stance would represent a
The recent announcement of John Schulman’s departure from the Microsoft-backed company, OpenAI, to join Anthropic, an AI startup funded by Amazon, has stirred up discussions within the tech community. Schulman, who had been a key figure in OpenAI’s AI alignment efforts, cited his desire to deepen his focus on AI alignment and return to hands-on
Delta Air Lines faced a massive outage last month, leading to thousands of flight cancellations that cost the company an estimated $500 million in losses. Despite the severity of the situation, Delta CEO Ed Bastian revealed that the airline had rejected onsite help from CrowdStrike, a cybersecurity company. This decision could have potentially prevented or
In a recent report to investors, Walgreens revealed its plans to close a significant number of its stores in the United States. The CEO, Tim Wentworth, stated that only 75% of the chain’s locations were profitable, leading to the decision to shut down the remaining one-quarter of stores by 2027. This move comes in the
The recent decision by Defense Secretary Lloyd Austin to withdraw the plea deal for the three men accused of planning the 9/11 attacks has sparked controversy and debate. In a surprising move, Secretary Austin signed a memo reserving for himself the authority to enter into pre-trial agreements with the accused in the 9/11 military commission
The 2024 Olympics in Paris have brought extreme weather conditions, with temperatures soaring as high as 36 degrees Celsius (97 degrees Fahrenheit). While spectators may be enjoying the sunny weather, athletes like U.S. gymnast Simone Biles and British tennis player Jack Draper are feeling the heat in a different way. Despite their best efforts, the
As the Federal Reserve begins to discuss the possibility of reducing interest rates, there is a growing impatience in some sectors of the market. Chief economist Claudia Sahm from New Century Advisors believes that the Fed needs to gradually reduce interest rates to steer the economy back to normal. However, she notes that the expectations