Month: March 2025
Elon Musk says xAI has acquired X in deal that values social media site at $33 billion
Tesla CEO Elon Musk boards Air Force One with U.S. President Donald Trump (not pictured) as they departs for Philadelphia, Pennsylvania, from Morristown Municipal Airport in Morristown, New Jersey, U.S., March 22, 2025. Nathan Howard | Reuters Elon Musk said on Friday that his startup xAI has merged with X, his social network, in an […]
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Judge orders CFPB to reinstate fired employees, preserve records and get back to work
FILE PHOTO: Office of Management and Budget (OMB) Acting Director Russell Vought testifies before House Budget Committee on 2020 Budget on Capitol Hill in Washington, U.S., March 12, 2019. Yuri Gripas | Reuters A federal judge on Friday ordered the Consumer Financial Protection Bureau’s leadership, appointed by President Donald Trump, to halt its campaign to […]
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Trump was supposed to unlock IPO market, but CoreWeave debut reflects ongoing skepticism
CoreWeave Inc. signage during the company’s initial public offering at the Nasdaq MarketSite in New York, US, on Friday, March 28, 2025. Michael Nagle | Bloomberg | Getty Images It wasn’t supposed to go down like this. The Trump presidency was set to usher in a rush of money to the markets, spurred by a […]
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Startup founder Charlie Javice found guilty of defrauding JPMorgan Chase in $175 million deal
Charlie Javice, who is charged with defrauding JPMorgan Chase & Co into buying her now-shuttered college financial aid startup Frank for $175 million in 2021, arrives at United States Court in Manhattan in New York City, June 6, 2023. Mike Segar | Reuters Charlie Javice, founder of a startup purchased by JPMorgan Chase in 2021, […]
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FCC investigating Disney, ABC for DEI initiatives
The main gate at The Walt Disney Studios in Burbank, California, on Sept. 25, 2023. Mario Anzuoni | Reuters The Federal Communications Commission has alerted the Walt Disney Company and its ABC unit that it will begin an investigation into the diversity, equity and inclusion efforts at the media giant. The FCC, the agency that regulates […]
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Intel announces three board members will retire following CEO shake-up
A sign is posted in front of Intel headquarters in Santa Clara, California, on Aug. 1, 2024. Justin Sullivan | Getty Images News | Getty Images Three members of Intel’s board of directors will not stand for reelection in May, the company said in a filing on Thursday. Omar Ishrak, former CEO of Medtronic; Risa Lavizzo-Mourey, […]
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Bitcoin and ether drop amid grim inflation outlook, tariff uncertainty: CNBC Crypto World
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email On today’s show, bitcoin and ether fall to end the week amid uncertainty over tariffs and a grim inflation outlook. Plus, Crypto.com CEO Kris Marszalek said that the SEC is closing its investigation into the crypto exchange, while Galaxy Digital agreed to […]
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Trump pardons three co-founders of BitMex crypto exchange
Trump pardons three co-founders of BitMex crypto exchange Source
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Amazon MGM Studios boss Jen Salke to step down. Read the internal memo
Jen Salke, the head of Amazon MGM Studios is stepping down from her role, the company confirmed. Mike Hopkins, Amazon’s head of Prime Video and MGM Studios, made the announcement in a Thursday memo to employees. Salke is exiting Amazon to move into film production, and her previous position will not be replaced, Hopkins said. […]
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Trump says Skadden, Arps law firm will provide $100 million in pro bono legal services, avoiding executive order
President Donald Trump said Friday that the large law firm Skadden, Arps, Slate, Meagher & Flom has agreed to provide at least $100 million in pro bono legal services to the federal government during the Trump administration. The agreement, which Trump called “essentially a settlement,” calls for other actions and allows Skadden, Arps to avoid […]
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