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Trade court rejects Trump’s 10% global tariffs in victory for small businesses
The US trade court on Thursday ruled against President Trump’s latest 10% global tariffs, finding across-the-board tariffs were not justified under a 1970s trade law. The US Court of International Trade ruled in favor of small businesses that challenged...
News Corp beats quarterly earnings expectations, driven by Dow Jones, real estate units
The Post’s parent company News Corp reported better-than-expected quarterly earnings on Thursday, driven by growth in its Dow Jones, digital real estate and book publishing divisions. The New York-based media giant reported $121 million from continuing...
Soon-to-be SpaceX billionaires are gearing up for a windfall
SpaceX’s looming IPO is set to mint more new billionaires than any liquidity event in history. Its Nasdaq listing in June could exceed $2 trillion, making it the largest company ever to go public. Analysts say the IPO will spur innovation, much like the PayPal...
Forget the naysayers — earnings surge means a ‘resilient’ Trump economy
Ken Griffin, the billionaire chief of the Citadel Investment empire, recently expressed his amazement at how President Donald Trump has had the fortitude to survive multiple assassination attempts while still bringing his A-game for the American people....
Shake Shack shares shook by sales shock, sliding 30%
Shake Shake’s shares tumbled 30% on Thursday after it blamed disappointing financial results on bad weather, high beef prices and tourism declines. The Big Apple-based burger chain missed Wall Street’s estimates for sales and profits in the quarter ended April...
Former OpenAI board members describe ‘extremely risky’ near-merger with Anthropic
OAKLAND, CALIF. — Former OpenAI board member Helen Toner shed new light on just how close the company came to a shotgun merger with arch-rival Anthropic in the chaotic aftermath of CEO Sam Altman’s firing in November 2023 – calling such a deal an “extremely...
California gas station chain offering 40 cents off gas for three hours only
California drivers battered by soaring gas prices are finally getting a small break at the pump — but only for a few hours. Circle K is bringing back its annual “Fuel Day” promotion Thursday, giving drivers up to 40 cents off per gallon of gas at participating...
Coinbase boss fires 700 workers in 6:55 a.m. email saying company must become ‘lean, fast, and AI-native’
Coinbase chief executive Brian Armstrong informed employees in an early morning message Tuesday that the cryptocurrency exchange would eliminate roughly 14% of its workforce — about 700 jobs — as the company restructures around artificial intelligence....
Tesla Model Y becomes first vehicle to pass new US driver assistance system tests
The National Highway Traffic Safety Administration said Thursday the 2026 Tesla Model Y is the first vehicle model to pass the agency’s new advanced driver assistance system tests. The tests have recently been added to the agency’s New Car Assessment Program....
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