business news
Elon Musk’s xAI faces tougher road building out data centers after EPA rule update
Elon musk and the xAI logo. Vincent Feuray | Afp | Getty Images The Environmental Protection Agency closed a loophole this week that Elon Musk’s xAI had exploited to rapidly stand up its first data center in Memphis, Tennessee. Musk’s artificial intelligence startup created a kind of off-grid power plant for its Colossus facility by […]
Read More
DOJ probing Minnesota officials over alleged conspiracy to impede immigration agents: Report
Minnesota Governor Tim Walz speaks at a press conference at the State Emergency Operations Center in Blaine, Minn. on Thursday, Jan. 8, 2026. Alex Kormann | The Minnesota Star Tribune | Getty Images The U.S. Justice Department is investigating Minnesota officials including Governor Tim Walz and Minneapolis Mayor Jacob Frey over an alleged conspiracy to […]
Read More
Google files to appeal search monopoly case
Google CEO Sundar Pichai during the press conference after his meeting with Polish PM Donald Tusk at Google for Startups Campus In Warsaw in Warsaw, Poland, on Feb. 13, 2025. Jakub Porzycki | Nurphoto | Getty Images Google on Friday filed to appeal a federal judge’s ruling that the company held an illegal monopoly in […]
Read More
Labor Dept. accused of echoing Nazi slogan in social media post
A sign is displayed at the U.S. Department of Labor Frances Perkins Building on June, 2025 in Washington, DC. Kevin Carter | Getty Images A controversial social media post from the Department of Labor has poured gasoline on already-smoldering accusations that the Trump administration is amplifying rhetoric and imagery linked to extreme right-wing ideologies. The […]
Read More
Big earnings reports and worries around the interest rate outlook could sway markets next week
Company earnings and what happens with the interest rate outlook will unlock what’s next for a broadening stock market. Stocks are headed for a down week following an uneven start to the fourth-quarter earnings season. Of the big banks that kick off the reporting period, the retail banking players — JPMorgan, Citigroup, Bank of America, […]
Read More
Trump to pardon ex-Puerto Rico governor Vázquez in campaign finance case, official says
Puerto Rico Governor Wanda Vazquez speaks at a news conference in San Juan, Puerto Rico Jan. 19, 2020. Ricardo Arduengo | Reuters President Donald Trump plans to pardon former Puerto Rico Gov. Wanda Vázquez, a White House official said Friday. Vázquez pleaded guilty last August to a campaign finance violation in a federal case that authorities say […]
Read More
OpenAI has committed billions to recent chip deals. Some big names have been left out
Open AI CEO Sam Altman speaks during a talk session with SoftBank Group CEO Masayoshi Son at an event titled “Transforming Business through AI” in Tokyo, on Feb. 3, 2025. Tomohiro Ohsumi | Getty Images In November, following Nvidia’s latest earnings beat, CEO Jensen Huang boasted to investors about his company’s position in artificial intelligence […]
Read More
Kevin Hassett pivots to possible ‘Trump cards’ amid credit card battle with banks
Key Points Kevin Hassett told Fox Business that U.S. banks could voluntarily provide credit cards to underserved Americans. President Donald Trump called for banks to cap credit card interest rates at 10%, an idea that has been roundly rejected by industry executives and their lobbyists this week. At least one major credit card issuer and […]
Read More
OpenAI to begin testing ads on ChatGPT in the U.S.
OpenAI CEO Sam Altman visits “Making Money With Charles Payne” at Fox Business Network Studios in New York on Dec. 4, 2024. Mike Coppola | Getty Images OpenAI on Friday announced it will begin testing ads within ChatGPT in the coming weeks, a highly anticipated decision that could kickstart a lucrative new revenue stream for […]
Read More
Micron stock climbs as CEO highlights AI demand for memory
Micron stock rose 6% Friday as investors looked to buy AI chip supply chain stocks after Taiwan Semiconductor Manufacturing Company reported robust earnings on Thursday, signaling continued AI infrastructure spending. Shares of Micron, one of the makers of memory and storage for artificial intelligence systems, are up 52% over the last month, as memory is […]
Read More