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US Invests $2 Billion in IBM, Other Firms to Boost Quantum Computing
IBM, GlobalFoundries, and several emerging firms are set to benefit from one of the government’s largest quantum-related investments to date.
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Record Default Rate Hits US Private Credit Market in April: Fitch
The so-called software scare—also known as the SaaSpocalypse—had generated consternation across financial markets
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Stellantis to Refocus on Ram, Jeep in $70 Billion Turnaround Push
To help cut costs and simplify production, Stellantis plans to launch a new ‘STLA One’ vehicle platform in 2027.
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US Labor Market Remains Resilient as Jobless Claims Dip
Continuing unemployment benefits came in below expectations, lifting optimism of renewed hiring momentum.
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Defending Yourself From the ‘Tax Torpedo’
Higher retirement income can trigger hidden taxes on Social Security and Medicare.
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Six Tax Tips You Should Start Thinking About Now
Tax planning doesn’t end in April, and the right questions year-round can help you keep more of your money.
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EasyJet Flags Uncertain Outlook as Fuel Costs Rise Amid Iran War
EasyJet CEO Kenton Jarvis said despite the conflict in Iran ‘creating near-term uncertainty,’ the airline ‘is well placed to manage the current environment.’
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Transportation Department Pumps Another $200 Million Into New York’s Penn Station Rebuild
The U.S. Transportation Department chooses Halmar, a construction company based in Nanuet, and Swedish corporation Skanska to build the new station.
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One Nation Unveils Gas and Oil Policy, Proposes 30 Percent Equity Stake in Energy Projects
One Nation would also replace the Petroleum Resource Rent Tax with a flat royalty.
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AI Data Centers Top of Mind for Voters as Midterms Approach—What to Know
Though midterms still lie six months out, lawmakers in some key midterm races are already hurrying to stake out a position on the issue.
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Mining Sector Relieved to See No New Taxes in Australian Budget
The Minerals Council of Australia also said the treasurer was ‘optimistic’ in his ability to control inflation.
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More Than 40 Young Tech Leaders Push Back on Labor’s Capital Gains Tax Overhaul
‘We work the hours, we carry the risk,’ the tech start-up founders said in the letter.
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China Confirms Purchase of 200 Boeing Jets in New US Trade Agreement
Beijing agreed to a major Boeing order and steps to ease farm trade barriers.
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Hyundai Recalls More Than 54,000 Elantra Vehicles Over Fire Risk in Power Control Unit
The company was aware of four incidents related to the issue, one of which resulted in a vehicle fire, but no injuries were reported.
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Musk Takes SpaceX Public in Massive IPO Filing
Elon Musk is taking SpaceX public, filing paperwork for an initial public offering that would put the company on the stock market.
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James Murdoch Buys New York Magazine, Vox.com
The deal brings New York Magazine back into the Murdoch family orbit, decades after Rupert Murdoch sold the publication.
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Federal Reserve Expects Rate Hike if Inflation Remains Elevated
‘Policy firming’ could be ahead if inflation continually runs above Fed’s 2 percent target, according to a summary of meeting minutes.
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UN Warns Strait of Hormuz Disruption Could Lead to Global Food Price Crisis
The U.N. Food and Agriculture Organization urged governments and international organizations to take action before conditions worsen.
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EVs Will Be Nearly One-Third of Global New Car Sales This Year: IEA
The International Energy Agency says electric vehicle sales are expected to reach 23 million this year despite a slump in the first quarter.
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