A Bank of America survey of 335 family offices finds most wealth hasn’t yet been handed down — and big changes loom when it is. With 59% planning transfers within a decade, heirs are expected to reshape missions, boost alternatives, lean into AI, and in some cases even shutter offices,...
Tesla's AI leaders told staff to brace for their hardest year yet, with 2026 cast as a key test. At a nearly two hour all hands for Autopilot and Optimus, VP of AI software Ashok Elluswamy outlined aggressive timelines for Robotaxi rollout and Optimus production. Elon Musk said Tesla aims...
Disney’s dispute with Google’s YouTube TV is reshaping the TV news leaderboard. With ABC channels blacked out since Oct. 30 for roughly 10 million subscribers, ABC retitled World News Tonight and Good Morning America episodes, blunting their Nielsen counts. NBC Nightly News led adults 25–54 for the week ending Nov....
Just weeks after raising $350 million at a $10 billion valuation, San Francisco AI startup Mercor abruptly shut down an AI training project known as Musen, contractors told Forbes. Thousands of workers said they were locked out of Slack and later received an email offering roles on a new project,...
The nation’s longest shutdown may soon lift, reopening museums, monuments, and SNAP, but the skies won’t quickly clear. Unpaid for six weeks, air traffic controllers have called out, crippling half of the Core 30 airports; on Halloween, nearly 80 percent were absent at New York airspace facilities. A federal order...
President Trump will host a 7:30 p.m. private White House dinner Wednesday with a roster of Wall Street heavyweights, seeking deeper ties and fresh U.S. investment in manufacturing. Attendees include JPMorgan’s Jamie Dimon, Nasdaq’s Adena Friedman, Blackstone’s Stephen Schwarzman, Morgan Stanley’s Ted Pick, BlackRock’s Larry Fink, Goldman Sachs’ David Solomon,...
Treasury Secretary Scott Bessent said “substantial” tariff relief on everyday imports is coming soon, targeting items the U.S. does not grow, such as coffee, bananas and other fruit. He said the move should lower prices quickly. President Donald Trump also pledged to cut coffee duties and signaled a fast resolution...
Visa and Mastercard unveiled a proposed settlement in their nearly 20 year fight with merchants over interchange fees, reshaping the honor all cards rule. If approved, retailers could refuse higher tier rewards cards or add surcharges, while receiving a 10 basis point fee cut for five years and 1.25% processing...
U.S. stocks were mixed midday: the S&P 500 slipped 0.1%, the Dow rose 309 points and the Nasdaq fell 0.5%. AMD jumped 9.6% on a revenue outlook tied to accelerating AI momentum, while Nvidia swung on lingering valuation worries. IBM climbed on quantum progress; On Holdings surged after a profit...
Waymo will start offering freeway-capable robotaxi rides across San Francisco, Phoenix, and Los Angeles, aiming to cut travel times by up to 50%. Initial access will go to riders who opt in through the app, with trips matched when available. The expansion extends service to San Jose, creating a unified...
