Day: April 11, 2025
Peter Thiel’s Founders Fund closes $4.6 billion growth fund
Peter Thiel, co-founder of PayPal, Palantir Technologies, and Founders Fund, holds hundred dollar bills as he speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida. Marco Bello | Getty Images Founders Fund, the venture capital firm run by billionaire Peter Thiel, has closed a $4.6 billion […]
Read More
Meta adds former Trump advisor to its board
From left, U.S. President Donald Trump, Senator Dave McCormick, his wife Dina Powell McCormick and Elon Musk watch the men’s NCAA wrestling competition at the Wells Fargo Center in Philadelphia, Pennsylvania, on March 22, 2025. Brendan Smialowski | Afp | Getty Images Meta on Friday announced that it was expanding its board of directors with […]
Read More
Ex-OpenAI staffers support Musk’s case against startup’s effort to transform into for-profit company
Sam Altman, left, and Elon Musk. Muhammed Selim Korkutata | Anadolu | Getty Images A group of 12 ex-OpenAI staffers, in support of Elon Musk’s lawsuit against the artificial intelligence startup, asked a court’s permission on Friday to share their concerns about the company’s transformation into a for-profit entity. The individuals collectively worked at OpenAI […]
Read More
DOJ fires longtime spokesman who worked on Trump investigations
FILE PHOTO: Former Special Counsel Robert Mueller stands before the House Judiciary Committee as he prepares to testify at a hearing on the Office of Special Counsel’s investigation into Russian Interference in the 2016 Presidential Election” on Capitol Hill in Washington, U.S., July 24, 2019. Jonathan Ernst | Reuters The Department of Justice on Friday […]
Read More
Luigi Mangione defense asks judge to block death penalty in CEO murder case
Luigi Mangione, the suspect in the killing of UnitedHealth Group chief executive Brian Thompson, appears in Manhattan Supreme Court on New York state murder and terrorism charges in New York City, U.S., Feb. 21, 2025. Steven Hirsch | Via Reuters Lawyer for Luigi Mangione on Friday asked a federal judge in New York to block […]
Read More
Earnings season ramps up next week with no certainty for Wall Street on trade
The roller-coaster ride the stock market has been on is unlikely to end next week, with earnings ramping up in an environment where investors, companies and consumers have absolutely no certainty as to what will happen next with trade. Wall Street is about to wrap up one of its wildest weeks of trading ever, that […]
Read More
Mortgage rates surge over 7% as tariffs hit bond market
The average rate on the popular 30-year fixed mortgage surged 13 basis points Friday to 7.1%, according to Mortgage News Daily. That’s the highest rate since mid-February. Mortgage rates have been on a roller coaster ride all week, as bond yields spiked higher mid-week when President Donald Trump’s new tariffs on dozens of countries went […]
Read More
GM cutting jobs, idling Canadian electric van plant due to ‘market demand’
Brightdrop EV600 van Source: Brightdrop DETROIT — General Motors is cutting production of its all-electric BrightDrop delivery vans at a plant in Canada and will idle the facility through much of this year. The plant will be reduced from two shifts to one shift — eliminating 500 jobs — after being idled beginning next month […]
Read More
10-year Treasury yield tops 4.5% after surge this week that’s worrying Wall Street and the White House
The 10-year Treasury yield climbed higher Friday, adding to its steep weekly rise, as dizzying trade moves by President Donald Trump caused investors to dump U.S. assets in favor of other global safe havens. The benchmark 10-year Treasury yield advanced more 10 basis points to 4.495%. It earlier jumped to its highest level since Feb. 13. The 2-year […]
Read More
Trump tariff collection for freight shipments delayed by Customs ‘glitch’
An alert from U.S. Customs and Border Protection on Friday notified users of a glitch in the system that is used to exempt freight from tariffs, including shipments from China that were already on the water at the time of this week’s whipsaw in tariffs policy, and any trade from nations now under the 90-day […]
Read More