Trump Media posts $405 million loss driven by crypto holdings
The Trump family media group posted a net drop of $405.9 million in the first quarter, largely driven by unrealized losses in cryptocurrencies held by the company. Trump Media &…
The federal government must issue more debt than it expected as cash flow weakens, and ‘the bond market is shouting’
The Treasury Department announced this week that it expects to borrow more than anticipated in the current quarter as incoming cash flow has been weaker than initially projected. The $189…
A federal judge weighing the future of a D.C. golf course doesn’t want to be Amy Poehler, but Trump might be interested as he remakes parks
A federal judge weighing the future of an expansive Washington park insisted this week she had no intention of becoming Amy Poehler, the actress who spent seven seasons memorably playing…
Asia’s ultra-luxury Capella Hotels brand plans to double its portfolio by 2030, starting with Florence and Riyadh
Capella Hotel Group, the ultra-luxury hotel group that once played host to the leaders of two nuclear powers, is pursuing more aggressive growth with plans to double its portfolio by…
You’re probably safe from the Hantavirus outbreak, but here’s what you absolutely must not do, experts say
The deaths of three passengers aboard the expedition cruise ship MV Hondius have triggered an international scramble to trace passengers and crew exposed to the rare Andes strain of hantavirus.…
Driving less, canceling vacations, and tightening budgets: All the ways Americans are coping with soaring gas prices
The war in Iran has done what once seemed impossible: forced Americans to rethink the idea of driving everywhere. The conflict in the Middle East itself might be teetering on…
Goldman Sachs’ tech boss says tracking individual AI usage isn’t useful. He just watches how fast his 12,000 engineers move from idea to production
Goldman Sachs chief information officer Marco Argenti thinks monitoring every employees’ AI use is the wrong way to measure whether it’s actually making people more productive. As companies increasingly push…
Brian Schimpf has been quietly running Anduril since its earliest days. And once he’s talking, he has a lot to say
In 2017, Brian Schimpf was in the California desert with an engineering problem to solve. The place was Apple Valley, expansive, sandy, and surreal. Schimpf—CEO and cofounder of Anduril, then…
Oil developer Sentinel just got the U.S. and Japan to fund a deepwater terminal near Texas—but it won’t put a dent in spiraling prices until 2028
U.S. petroleum exports are rising to record highs amid the Iran war, and now a little-known developer will build a large oil-shipping hub deep in the middle of the Gulf…
$96 billion giant ServiceNow doesn’t see a ‘SaaSpocalypse.’ It sees the ‘hard lift, heavy lifting’ phase just beginning
For the past four years, enterprise software conferences have been defined by a kind of competitive breathlessness: which company could announce the most AI agents, the boldest automation claims, the…