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The company said it received a requisition notice from Ropemaker Nominees, on behalf of LBV Actio, over 8,566,432 shares, or about 11.854% of its issued stock. The notice seeks resolutions to remove Dame Dianne Thompson as a director and appoint Stephen Brooke as a director.
House Speaker Mike Johnson (R-La.) accused Democrats of opposing Republican-backed tax cuts and causing prolonged government shutdowns that disrupted pay for federal workers. Johnson Slams Democrats Over Tax Cuts On Monday, in an X post, Johnson criticized Democrats over taxes, federal pay and government shutdowns. "De
Bank of America Corp. (NYSE: BAC) economists Stephen Juneau and Aditya Bhave have linked the stock market boom to a sharp decline in labor-force participation among workers age 55 and older, saying the surge in equity wealth is helping accelerate retirements. In a research note, Juneau and Bhave wrote, "Labor force par
Tesla Inc. (NASDAQ: TSLA ) and Space Exploration Technologies Corp. ‘s (NASDAQ: SPCX ) CEO Elon Musk has reaffirmed his support for artificial intelligence (AI) and robotics, enabling a universal high income for the masses. Welfare State Could Bankrupt Countries In a post on X on Monday, the billionaire quoted a post b
On Monday, Senate Minority Leader Chuck Schumer (D-N.Y.) and Sen. Bernie Sanders (I-Vt.) pushed back against President Donald Trump’s dismissal of AI safety concerns. Schumer, Sanders Push Back On Trump’s AI Stance Schumer said on X that the U.S. cannot ignore growing concerns surrounding AI. “Even if we did have a hig
House Minority Leader Hakeem Jeffries (D-N.Y) said Americans who work hard should be able to achieve economic security through good-paying jobs, affordable housing, healthcare, education and retirement. Jeffries Pushes Jobs, Housing and Healthcare On Sunday, Jeffries made the remarks in an X post shared during Labor Da
Investor and television personality Kevin O’Leary said the U.S. economy is showing strength through strong corporate earnings and stock market gains, but warned that persistent inflation and high energy costs are preventing many Americans from feeling the benefits. O’Leary Warns Inflation Still Hurts Voters On Wednesda
Sen. Bernie Sanders (I-Vt.) on Tuesday challenged Elon Musk to support a 5% tax on billionaires’ wealth if the Tesla Inc. (NASDAQ: TSLA ) and Space Exploration Technologies Corp (NASDAQ: SPCX ) CEO truly believed “money won’t matter” in 2036. Sanders Says Musk Should Back Billionaire Wealth Tax In a post on X, Sanders
As the week wraps up, let’s take a look at the top stories that made headlines. From the U.S. debt surpassing 100% of GDP to the warning issued by a top European venture capitalist, here’s a quick round-up of the week’s key events. Palantir CEO Alex Karp Warns AI Could Become America’s Biggest Driver Of Wealth Inequali
Intel Corp (NASDAQ: INTC ) stock rebounded during Thursday’s premarket session after plunging over 9% on Wednesday as the chipmaker continues to ride a strong longer-term uptrend and traders lean into a firmer overnight risk tone. Nasdaq futures are up 0.63% while S&P 500 futures have gained 0.44%. With no single techn
The former White House communications director Anthony Scaramucci warned that rising wealth inequality in the United States could spark intense political and social backlash if the ultra-wealthy do not take steps to share economic gains more broadly. Scaramucci Warns Of Rising Inequality Backlash On Wednesday, in a pos
OpenAI is reportedly considering offering the U.S. government a 5% equity stake as part of a broader effort to deepen ties with the Trump administration and secure financial backing. CEO Sam Altman has reportedly held preliminary discussions with the Trump administration about a proposal to distribute AI-driven financi
Warren Buffett, the chairman of Berkshire Hathaway Inc. (NYSE: BRK ), has reportedly chosen to delay his usual midyear donation to the Gates Foundation, the philanthropic organization founded by Microsoft Corporation (NASDAQ: MSFT ) co-founder Bill Gates and his ex-wife, Melinda French Gates. This marks the first time
Tech investor Dan Niles is scaling back his investments in hyperscalers and chip stocks due to concerns over AI infrastructure expenses
Bernie Sanders says AI wealth belongs to the public, not tech 'oligarchs'
The top 20% of US earners account for nearly 60% of spending, while the bottom 80% are falling behind inflation, according to Moody's Analytics chief economist Mark Zandi
Rep. Ro Khanna and former Google executive David Friedberg exchange criticism on economic policies and wealth distribution
Vice President JD Vance said that President Donald Trump supports the U.S. government taking ownership stakes in major artificial intelligence companies, likening the idea to a sovereign wealth fund-style approach, while Elon Musk countered that direct cash payments to Americans would work better. Trump Backs AI Owners
Sen. Elizabeth Warren (D-Mass) ramped up attacks against Space Exploration Technologies Corp. (NASDAQ: SPCX ) and Tesla Inc. (NASDAQ: TSLA ) CEO Elon Musk, renewing calls for her "ultra-millionaire tax." Ultra-Millionaire Tax To Fund Education In a post on social media platform X, Warren stated that if Musk paid her
SpaceX's record-setting IPO was followed by several days of wild trading and hard-to-fathom numbers. Musk became the world's first trillionaire, with more than quadruple the wealth of Google co-founder Larry Page, the second-richest person. SpaceX's $60 billion acquisition is one of the biggest tech deals ever. Since S
SpaceX's record-setting IPO was followed by several days of wild trading and hard-to-fathom numbers. Musk became the world's first trillionaire, with more than quadruple the wealth of Google co-founder Larry Page, the second-richest person. SpaceX's $60 billion acquisition is one of the biggest tech deals ever. Since S
SpaceX's record-setting IPO was followed by several days of wild trading and hard-to-fathom numbers. Musk became the world's first trillionaire, with more than quadruple the wealth of Google co-founder Larry Page, the second-richest person. SpaceX's $60 billion acquisition is one of the biggest tech deals ever. Since S
Sen. Elizabeth Warren says a wealth tax on Elon Musk could fund healthcare for all 4-year-olds in America