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SpaceX hit by surging AI costs as insiders prepare to sell their shares

SpaceX hit by surging AI costs as insiders prepare to sell their shares

For a rocket company, SpaceX is spending a lot of money to build out its AI capacities. Too much, according to investors. The company reported revenue in its first quarterly update as a public company

Business
New York sues Kalshi, says its prediction markets are illegal gambling

New York sues Kalshi, says its prediction markets are illegal gambling

New York’s attorney general sued prediction market operator Kalshi on Friday, claiming that its platform violates state laws against illegal gambling. In a petition filed in a state court in Manhattan, Attorney General Letitia James

Business
A new media ecosystem is taking root on the left, reshaping Democratic politics

A new media ecosystem is taking root on the left, reshaping Democratic politics

Farah Berent, a teacher in Michigan, used to learn about politics from channels like ABC, CBS and CNN. But that changed as she decided that coverage of the war in Gaza was irreparably biased. “I

Business
U.S.-Canada bridge opens in Detroit even as trade disputes test the neighbors’ ties

U.S.-Canada bridge opens in Detroit even as trade disputes test the neighbors’ ties

A major new bridge linking Canada and the U.S. at Detroit opened Monday to trucks, cars and other vehicles, the climax of a yearslong project that lately had been bruised a bit by international politics.

Business
God and bitcoin: Why some Christians are going all in on cryptocurrency

God and bitcoin: Why some Christians are going all in on cryptocurrency

Todd and Janet Gatewood launched their Nashville-based radio show “God, Freedom and Bitcoin” in January, blending their passion for cryptocurrency with their strong faith. Then the market crashed. At roughly $69,000 on Thursday, the price

Business
Markets plunge and U.S. oil hits $100 as Trump’s ability to reassure Wall Street hits its limit

Markets plunge and U.S. oil hits $100 as Trump’s ability to reassure Wall Street hits its limit

President Donald Trump is used to bending financial markets to his will. But with the war in Iran, he may have reached the limit of his ability to do so. On Friday, the S&P 500

Business
Senate agrees to fund DHS, except ICE and CBP, in bid to end extreme airport delays

Senate agrees to fund DHS, except ICE and CBP, in bid to end extreme airport delays

WASHINGTON — The Senate agreed unanimously early Friday to fund the Department of Homeland Security, but without funding for immigration enforcement and deportation operations. Senators approved the package at 2:20 a.m. by voice vote following

Business
Nasdaq moves into correction territory as Iran war weighs on markets

Nasdaq moves into correction territory as Iran war weighs on markets

U.S. stocks and bonds sold off Thursday and oil continued its weekslong upward trajectory, as optimism faded about possible peace talks or a U.S.-Iran ceasefire. The price of U.S. crude oil rose near $95 per

Business
At least 40% of Russia’s oil export capacity halted, Reuters calculations show

At least 40% of Russia’s oil export capacity halted, Reuters calculations show

At least 40% of Russia‘s oil export capacity is at a halt following Ukrainian drone attacks, a disputed attack on a major pipeline and the seizure of tankers, according to Reuters calculations based on market

Business
United Airlines says it will boot passengers who refuse to use headphones on planes

United Airlines says it will boot passengers who refuse to use headphones on planes

Listen up, flyers: United Airlines said it will start removing passengers from flights who refuse to wear headphones while listening to content on their personal devices, and such behavior could lead to a permanent ban.