Four partners – Karen Dunn, Jeannie Rhee, Bill Isaacson, and Jessica Phillips – have resigned from Paul Weiss Rifkind Wharton & Garrison to establish their own firm. Their departure follows Paul Weiss's controversial deal with the Trump administration, which involved dropping diversity initiatives and providing pro bono services. The...
BMW unveiled the Concept Speedtop, a limited-production wagon, at the 2025 Concorso d'Eleganza Villa d'Este. Building on last year's Skytop concept, the Speedtop boasts a powerful V8 engine (likely the 617-hp 4.4-liter twin-turbo), luxurious two-tone leather interior, and a unique design. Only 70 units will be produced, exclusively...
The Justice Department has reached a deal with Boeing to avoid criminal prosecution for misleading regulators about the 737 Max, which crashed twice killing 346 people. Boeing will pay over $1.1 billion, including $445 million to victims' families. In return, the fraud charge will be dropped. While the DOJ...
President Trump threatened Apple and other smartphone manufacturers with at least a 25% tariff on iPhones and similar devices sold in the US unless production shifts to the US. This follows reports of Apple's plans to increase iPhone production in India. Trump stated the tariff, effective late June, would...
Booz Allen Hamilton, a major US government consultant, announced 2,500 layoffs and lower-than-expected profits due to President Trump's administration cost-cutting measures. The company's non-defense work will shrink significantly, impacting its 36,000-strong workforce by 7%. This follows a federal government review aimed at saving billions in consulting contracts. ...
Fintech startup Monarch secured $75 million in Series B funding, valuing the company at $850 million. This follows a significant subscriber surge after Mint's shutdown. The funding round, led by Forerunner Ventures and FPV Ventures, will fuel Monarch's growth in the personal finance app market. Monarch distinguishes...
RedBird Capital, a US firm, has agreed to acquire the Daily and Sunday Telegraph newspapers from Lloyds Bank. This follows a two-year ownership void after the Barclay family defaulted on debts. An earlier bid involving RedBird and Sheikh Mansour was blocked due to government regulations preventing foreign government...
Concerns are rising about US public finances due to Trump's tax bill and trade war, prompting investors to diversify their bond portfolios. The US's growing deficit and the weakening dollar are eroding the appeal of US debt markets, pushing investors towards European, Japanese, and Australian markets offering strong yields....
YouTube has hired former ESPN executive Justin Connolly as its global head of sports and media. Disney, Connolly's previous employer, is suing YouTube, alleging Connolly breached his contract while negotiating key distribution deals, including with YouTube itself. The move comes as YouTube strengthens its position in the streaming...
Bitcoin surged to a new all-time high of $110,788.98 on May 21st, a 3% increase in 24 hours. This surpasses its previous high from January and marks a 17.5% year-to-date gain. While Google Trends shows declining retail interest, experts attribute the rise to institutional investment and regulatory clarity....
