Business

Treasury Secretary Scott Bessent on Monday said at an investor conference that President Donald Trump's policies will drive economic growth.Bessent delivered remarks at the Milken Institute Global Conference and participated in a question-and-answer session with Chairman Michael Milken, in which he touted the administration's progress in the more than three months since the inauguration."America deserves a golden age economy, so for the past 100 days, we've been preparing the soil," Bessent said. […]

OpenAI announced on Monday that the artificial intelligence (AI) giant is scuttling its plan to move the company away from a nonprofit structure to becoming a for-profit company.The ChatGPT-maker created a for-profit limited liability company (LLC), which it will now convert into a public benefit corporation that considers the interests of shareholders as well as OpenAI's mission. OpenAI's nonprofit will have operational control over the public benefit corporation and will […]

Sen. Bill Hagerty, R-Tenn., recently got the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act regulating stablecoin "hotlined" for a quicker Senate vote process, just as Democrats began raising both political and policy concerns about the legislation they previously supported."The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) creates a strong, forward-looking regulatory framework to modernize our payment systems and affirms the dominance of the U.S. […]

President Donald Trump on Sunday announced that he's directing federal agencies to reopen the prison at Alcatraz after rebuilding and expanding the prison that was shuttered over 60 years ago and currently serves as a museum and tourist destination in the San Francisco Bay Area.The maximum-security federal penitentiary at Alcatraz Island opened in 1934, located 1.25 miles from the coast, where it was thought to be escape-proof because of the San […]

Berkshire Hathaway’s Warren Buffett over the weekend announced plans to step down as chief executive starting next year.Greg Abel, the vice chairman of non-insurance operations at Berkshire, received unanimous approval from the board to succeed Buffett, who, after more than half a century, plans to relinquish the top job. Abel will start his tenure as Berkshire’s new CEO on Jan. 1, 2026.Buffett’s planned successor has held his current position at Berkshire […]

Former Commerce Secretary Wilbur Ross helped launch President Donald Trump’s trade wars in the first term – now he says the White House is moving faster, hitting harder and taking a more unilateral approach to trade policy.In an interview with Fox News Digital, Ross – who served in the Trump Cabinet from 2017 to 2021 – said Trump is cutting red tape by using the International Emergency Economic Powers Act […]

Skype is no more, as Microsoft is retiring the once-popular video calling service on Monday. Shutting down Skype will help the software giant focus on its homegrown Teams service by simplifying its communication offerings, Microsoft announced back in February. To ease the transition from the platform, its users will be able to log into the free version of Teams using their existing credentials, with chats and contacts migrating automatically. "Skype has been an […]

Chevron CEO Mike Wirth issued a stark warning about the firm's possible departure from Venezuela as a Biden-era license allowing the company to operate in the country is set to expire. Chevron, which is only allowed to export Venezuelan oil to the United States, has been under pressure from the Trump administration to halt drilling in the politically turbulent nation. But Wirth, who is currently negotiating with the administration, argued against the […]

Things are about to get a lot ‘suite’er for passengers aboard some international American Airlines flights.This summer, the airline is debuting its Flagship Suite seats aboard its newest Boeing 787-9 aircraft.The 51 Flagship Suite seats at the front of the aircraft will feature "privacy doors, more personal storage space with a wireless charging pad and a one-of-a-kind chaise lounge seating option with an adjustable headrest pillow," American said in a […]