Business

Omar Fateh Faces Scrutiny Over HSS Conflict Tied to Wife’s Business

Minnesota State Senator Omar Fateh is facing ethics concerns over legislation he introduced that could have benefited a company owned by his wife, Kaltum Mohamed. The controversy comes as Fateh, who is campaigning as a socialist for Minneapolis mayor, pushes a platform focused on housing and social services.

Microsoft AI Chief Issues Stark Rights Warning

Mustafa Suleyman, the recently appointed CEO of Microsoft AI and co-founder of DeepMind and Inflection, has issued a stark warning against treating artificial intelligence like sentient beings. In a candid interview with Wired, Suleyman said giving AI any kind of legal or moral rights would be not only premature—but dangerous.

Georgia Paper Mill Closures Trigger $2.9B Economic Crisis

The shutdown of five paper mills in southeast Georgia is expected to slash $2.9 billion annually from the state’s economy, lawmakers were told during a House Rural Development Committee hearing on Wednesday.

Erewhon NYC Tonic Bar Opens in $36K Private Club

Luxury grocery chain Erewhon is bringing its celebrity-backed juices and $20 smoothies to New York City—but only for the ultra-wealthy. The Los Angeles-based brand announced it will open a members-only tonic bar inside the new Kith Ivy padel and wellness club in Manhattan’s West Village, where access requires a staggering $36,000 initiation fee and $7,000 in annual dues.

Trump Admin Revives Offshore Drilling With Massive Lease Sales

The Trump administration is charging forward with a major expansion of offshore oil and gas leasing, reversing Biden-era restrictions and signaling a renewed push for American energy dominance. The Interior Department’s Bureau of Ocean Energy Management (BOEM) announced a detailed lease sale schedule covering the Gulf of America and Alaska’s Cook Inlet.

Historic Small Modular Reactor Deal Sparks U.S. Nuclear Surge

The Tennessee Valley Authority (TVA) and ENTRA1 Energy have signed a landmark agreement to develop a 6-gigawatt nuclear portfolio, the largest deployment of small modular reactors (SMRs) in American history. The deal, signed on September 2, will see six SMR plants built using NuScale Power technology across TVA’s seven-state service region.

Ford Brake Fluid Recall Hits 500,000 Vehicles

Ford Motor Company announced a massive recall of nearly 500,000 vehicles across the U.S. due to a potentially dangerous brake fluid issue. The National Highway Traffic Safety Administration (NHTSA) confirmed Thursday that a ruptured brake hose could lead to leaks, increasing stopping distances and raising the risk of crashes.

Stephen Moore Rips Intel CHIPS Deal as Government Overreach

Former Trump economic adviser Stephen Moore warned Monday that the Biden administration’s decision to take a 10% stake in Intel Corporation is a dangerous step toward government overreach. Appearing on Fox Business Network’s Varney & Co., Moore said the CHIPS Act represents “privatization in reverse” and called on President Biden to repeal all subsidies to the semiconductor industry.

Cracker Barrel Admits Misstep in Rebranding After Conservative Backlash

Cracker Barrel admits it mishandled its recent rebranding after removing its classic logo, prompting backlash from conservative customers.

New-Home Sales Dip in July But Surpass Forecasts as Builders Slash Prices

New single-family home sales declined slightly in July, but still exceeded economist forecasts thanks to aggressive builder incentives and price reductions. The Commerce Department reported a seasonally adjusted annual rate of 652,000 units sold, down 0.6% from June and 8.2% year-over-year. Economists surveyed by Bloomberg had anticipated a slower pace of 630,000.

Latest news

- Advertisement -spot_img