Bank of America’s Moynihan sees Trump’s tariffs starting to de-escalate
“To go from a 10% across-the-board to 15% for the broad base of countries — not a huge impact,” Moynihan said.
Business
Midair helicopter crash in New Jersey leaves one dead and another critically injured
The FAA described the crash as a midair collision between an Enstrom F-28A helicopter and Enstrom 280C helicopter over Hammonton Municipal Airport.
Louis Gerstner, CEO credited with turning around IBM, dies at 83
Gerstner’s nine-year tenure as chairman and CEO of the company known as “Big Blue” is often used as a case study in corporate leadership.
After U.S. debt soared to $38 trillion, the ‘easy times’ are now over as hedge funds jump into the bond market, former Treasury official warns
Hedge funds have doubled their presence in the Treasury market in the last four years.
At the edges of the AI data center boom, rural America is up against Silicon Valley billions
When a multibillion-dollar AI data center proposal pitted developers against a handful of rural Arizona residents, the locals were outgunned and outvoted.
Peter Thiel and Larry Page are preparing to flee California in case the state passes a billionaire wealth tax, report says
The proposal calls for California residents worth more than $1 billion to pay a one-time tax equivalent to 5% of their assets.
U.S. launches strikes against Islamic State group in Nigeria after attacks target Christians
A Defense Department official said the U.S. worked with Nigeria to carry out the strikes and that they'd been approved by Abuja.
Dominion Energy Virginia sues over Trump order to halt offshore wind project, calling it ‘arbitrary and capricious’
Dominion called this week's order “the latest in a series of irrational agency actions attacking offshore wind and then doubling down when those actions are found unlawful.”
Anduril founder Palmer Luckey is among the U.S. defense execs and companies sanctioned by China over arms sales to Taiwan
The sanctions entail freezing the companies’ assets in China and banning individuals and organizations from dealing with them, according to the Chinese foreign ministry.
