Christy Goldsmith Romero is nominated to be the next Chair of the FDIC

Christy Goldsmith Romero, a lawyer who spent more than a decade rooting out fraud and other misconduct at banks that received federal bailouts in the run-up to the 2008 financial crisis, has been tapped to be the next head of the Federal Reserve Bank of America. Deposits, the White House announced on Thursday. Her selection … Read more

Tesla shareholders are suing Musk for starting a competing AI company

Tesla shareholders are suing CEO Elon Musk and members of the automaker’s board of directors over Musk’s decision to start xAI, which they say is a competing AI company, and then divert talent and resources from Tesla in the new startup. The lawsuit is one of the most direct challenges to Musk’s decision to start … Read more

Student loan payments cut for millions as Biden prepares to cut bills in July

US President Joe Biden speaks at the Washington Hilton in Washington, DC on June 11, 2024. … [+] The Biden administration has directed student loan servicers to place millions of borrowers in a temporary forbearance while payments are recalculated. (Photo by SAUL LOEB/AFP) (Photo by SAUL LOEB/AFP via Getty Images) AFP via Getty Images Millions … Read more

Mario Gabelli’s legal threat influenced the doomed Paramount merger

A legal threat from investor Mario Gabelli was a “major factor” in this week’s unraveling of Shari Redstone’s $8 billion deal to merge Paramount Global with its “Mission: Impossible” production partner Skydance Media, The Post. When Redstone made a surprise move to pull the plug on the deal this week — just before a special … Read more

$20 minimum wage in California led to higher fast food prices, less traffic, study shows

CABIA President Tom Manzo joined Fox & Friends to discuss how the minimum wage increase has affected the fast food industry as thousands are forced out of a job. California’s new $20 minimum wage for fast food workers has already caused restaurant prices to rise and foot traffic to drop since it went into effect … Read more

NYC considers ending broker fees for renters, angering real estate industry

NEW YORK (AP) — It’s a familiar and painful experience for legions of New York City renters: Before moving into a new apartment, a tenant must first pay thousands of dollars in fees to a real estate broker. real estate, even if that person is employed. from the owner. Large one-time payments, known as broker … Read more

Artificial intelligence, used by NASA and neurosurgeons, can reinvent education

Artificial intelligence delivered advances in the US space program and in medicine decades before it made headlines. Now, AI is poised to bring major improvements to American education, tech entrepreneur Alex Galvagni said in an exclusive interview in New York City with Fox News Digital. Galvagni is the CEO of Age of Learning, the California-based … Read more

John Tyson, CFO of Tyson Foods, was arrested Thursday for DWI and reckless driving

LETS START WITH BREAKING NEWS JUST IN OUR NEWSROOM… UNIVERSITY OF ARKANSAS POLICE ARRESTED “JOHN RANDAL TYSON” OVERNIGHT. HE IS CHARGED WITH D-WI. Custody records show TYSON was BOOKED AFTER 1:30 this morning. HE HAS BEEN RELEASED– AND IS EXPECTED TO APPEAR IN COURT ON JULY 15. TYSON PLEAD GUILTY OF CRIMINAL VIOLATION AND CHARGES … Read more

Enthusiastic yes to unequivocal no as Musk awaits vote on his salary

On Thursday, Tesla ( TSLA ) shareholders will find out whether Elon Musk’s record $56 billion pay package will be reinstated after a Delaware judge struck down an earlier one. “I am voting yes without enthusiasm; I’m voting yes out of principle,” early investor Ibrahim AlHusseini told Yahoo Finance. Personal feelings aside, he said Tesla … Read more

Forget Nvidia: 3 Artificial Intelligence (AI) Stocks to Buy Instead

It’s time to start thinking about the winners of the next chapter of the artificial intelligence movement. It cannot be denied that the titan of technology Nvidia (NVDA 1.93%) has been the preferred way for many investors to get in on the artificial intelligence (AI) craze over the past 18 months. And rightfully so. Its … Read more