Monetary Elite

By Jonathan Stempel and Clark Mindock (Reuters) – Tesla has been sued by an environmental nonprofit that accused Elon Musk’s electric car company of violating the federal Clean Air Act hundreds of times by letting its Fremont, California, plant emit harmful pollutants. In a complaint filed on Monday, the Environmental Democracy Project said Tesla has…

By Rajesh Kumar Singh EVENDALE, Ohio (Reuters) – GE Aerospace is developing a hybrid electric engine with the hopes it will power next-generation narrow-body jets by the middle of the next decade. While the technology is still being tested, should GE be successful, it could produce hybrid-engine jets – like a Toyota Prius of the…

By David Shepardson WASHINGTON (Reuters) -Boeing is in talks with the U.S. Defense Department over how the planemaker’s planned guilty plea could affect its extensive government contracts, a person briefed on the matter said. Late on Sunday, the Justice Department said in a court filing that Boeing had agreed to plead guilty to a criminal…

By Helen Coster and Ted Hesson WASHINGTON/NEW YORK (Reuters) – One late afternoon in mid-May, a half dozen Hispanic day laborers were paid $20 each to parade in front of the White House on camera, holding signs with slogans like “I Love Biden” and “I Need Work Permit for My Family.” The stunt was orchestrated…

(Reuters) – OpenAI’s board on Thursday pushed back on allegations from its former members that concerns over artificial intelligence safety at the startup necessitated Sam Altman’s shocking ouster last year. OpenAI’s board members in an article published in the Economist said the review into the events found the previous board’s decision did not arise out…

By David Morgan WASHINGTON (Reuters) – Republican Sam Brown will try to walk away with his party’s nomination for the U.S. Senate on Tuesday in Nevada, one of four states where voters will make their party picks for the November general election. Brown, a former U.S. Army captain backed by Senate Republicans, including Senate Minority…

By Amanda Cooper LONDON (Reuters) -Global stocks hit record highs on Wednesday, driven by a rally in tech shares that has made AI chipmaker Nvidia the world’s most valuable company, while the dollar stalled as soft U.S. retail sales data suggested rates could fall this year. MSCI’s All-World index was up 0.15% at 805.12, having…

ZURICH (Reuters) – The merger of the Swiss units of UBS and Credit Suisse could be completed as early as July 1, a senior executive at UBS was quoted as saying on Tuesday. UBS, which acquired its former rival Credit Suisse last year after the bank’s collapse, had previously indicated the two units would be…

(Reuters) -TWFG disclosed a nearly 27% jump in annual net profit on Monday, as the insurer revealed the paperwork for its initial public offering in the United States. The U.S. IPO market has seen an uptick in 2024, after a nearly two-year dry spell, as expectations of a soft landing for the economy encourage companies…

By Jonathan Stempel (Reuters) – LinkedIn agreed to pay $6.625 million to settle a proposed class action accusing the Microsoft unit of overcharging advertisers by inflating how many people watched video ads on its platform. A preliminary settlement was filed late Thursday in San Jose, California federal court, and requires approval by U.S. Magistrate Judge…