Business

New York City has taken another step away from its longstanding financial relationship with Israel, as Comptroller Mark Levine declined to restore a nearly 50-year investment tradition involving Israel Bonds.City Comptroller Mark Levine is facing questions over his decision not to restore purchases of Israel Bonds, reportedly reversing a campaign pledge as the organization's CEO challenged his financial justification, saying his office only learned of the decision through news reports.The […]

eBay is cutting approximately 1,000 jobs, or about 9% of its workforce, marking the online marketplace's second round of layoffs this year as it looks to streamline operations and focus on key areas of growth.The job cuts were outlined in an internal memo from CEO Jamie Iannone obtained by Reuters, which first reported the move Wednesday. An eBay spokesperson also confirmed the layoffs to the news agency."Our strategy is working," […]

Mark Zuckerberg has reached an agreement with Meta to remain in California after raising the possibility of leaving the state amid concerns over a proposed billionaire wealth tax.Zuckerberg, Meta's CEO, previously told the company he was considering moving his primary residence outside California because of Proposition 40, a ballot initiative that would impose a one-time tax equal to 5% of net worth on billionaires who were California residents on Jan. […]

Tesla CEO Elon Musk said demand for the company's electric vehicles is significantly outpacing production, pointing to growing interest in Full Self-Driving technology as the automaker prepares to expand its Cybercab service to Dallas next month.Musk touted what he described as a "very strong" third quarter during Tesla's earnings call, saying the company is ramping up production to meet growing demand."Demand is growing rapidly for our vehicles. It's exceeding our […]

Sen. Bernie Moreno, R-Ohio, said he plans to introduce legislation that would expand eligibility for Trump Accounts, currently available to children under 18, to Americans under the age of 40.Trump Accounts can be established for eligible children under 18, while U.S. citizen children born between 2025 and 2028 are eligible for a one-time $1,000 federal contribution. Individuals and employers can generally contribute up to a combined $5,000 annually.Moreno said on […]

United Airlines CEO Scott Kirby is facing criticism over his support for a national wealth tax and inheritance taxes approaching 100%, with a senior Justice Department official joining the backlash by taking a jab at the airline's service.Harmeet K. Dhillon, assistant attorney general for the Justice Department's Civil Rights Division, weighed in on the controversy with a post on X about her recent experience flying United."The WiFi didn’t work on […]

Boeing's largest 737 MAX aircraft has received Federal Aviation Administration certification, clearing the way for deliveries of a jet with 1,555 orders that represent a third of the company's outstanding 737 MAX order book.The FAA announced Tuesday that it had certified the 737 MAX 10 after years of regulatory and safety reviews, removing a major hurdle for Boeing as it prepares to begin deliveries to airlines in the coming months.Boeing […]

A family-run American food importer sued the Trump administration on Tuesday over its 50% tariffs on certain Canadian goods, arguing that the duties are unlawful and which the company estimates could cost it roughly $40 million annually on Canadian cheese imports alone.Gellert Global Group, a New Jersey-based food importer, filed the lawsuit in the U.S. Court of International Trade with representation from the Liberty Justice Center, the latest legal challenge […]

Elon Musk said Tuesday that merging his two companies, Tesla and SpaceX, would be "a good idea," revealing that both companies have formed special committees of independent directors to explore a potential deal.Musk, who leads both companies, has previously entertained the idea of combining the businesses, pointing to growing overlap between them.Following SpaceX's quarterly earnings report and Musk's comments during a conference call with investors Tuesday, shares of SpaceX jumped […]