WASHINGTON — Elon Musk’s super PAC spent around $200 million to help elect Donald Trump, according to a person familiar with the group’s spending, funding an effort that set a new standard for how billionaires can influence elections. The billionaire Tesla and SpaceX CEO provided the vast majority of the money to America PAC, which … Read more
The price of a bitcoin soared to a record high of more than $87,000 on Monday, continuing its surge in value since Donald Trump’s decisive victory in the presidential election spurred excitement about the digital currency. Unlike President Biden, whose administration has sought to rein in cryptocurrency, Trump has done an about-face from earlier skepticism … Read more
ALBANY, N.Y. — New York Gov. Kathy Hochul is considering ways to revive a program that would have charged drivers a new $15 toll to enter certain Manhattan neighborhoods — before President-elect Donald Trump takes office and can block it. In the days since Trump’s election, Hochul and her staff have been reaching out to … Read more
The billionaire owner of the NFL’s Atlanta Falcons hired a woman half his age to work on his private jet while the pair were “in a romantic relationship” — but she wasn’t qualified for the job, and he allegedly forced two other stewardesses to work unpaid overtime to pick up the slack, according to an … Read more
Most U.S. stocks rose on Wall Street, but drops for Nvidia and some other heavyweight Big Tech companies kept indexes in check. The S&P 500 added 0.1% Monday, coming off last week’s spurt spurred by Donald Trump’s presidential victory and the Federal Reserve’s cut to interest rates. The Dow Jones Industrial Average jumped 0.7%, and … Read more
NEW YORK — As money continues to pour into crypto following Donald Trump’s victory last week, bitcoin has climbed to yet another record high. The world’s largest cryptocurrency topped $87,000 for the first time on Monday. As of around 3:45 p.m. ET, bitcoin’s price stood at $87,083, per CoinDesk, up over 28% in the last … Read more
Hedge funds betting against Elon Musk’s Tesla have lost billions of dollars after Donald Trump’s White House win last week, according to a report. Investment firms with short positions on the electric car maker’s stock between Election Day and Friday’s close suffered an on-paper hit of at least $5.2 billion, according to Bloomberg calculations based … Read more
A group of left-leaning Hachette employees slammed the launch of a new conservative imprint, dubbed “Basic LIberty” — as well as the hiring of a conservative publisher to run it. Hachette Books Group and Hachette UK boss David Shelley announced on Nov. 7 — two days after Donald Trump won the presidential election — that … Read more
California drivers may soon see a hike in gas prices after state regulators approved tougher standards for reining in climate emissions. The California Air Resources Board (CARB), which comprises board members appointed by Gov. Gavin Newsom and the Democrat-controlled legislature, voted Friday to update the Golden State’s Low Carbon Fuel Standards (LCFS). The board says the updates are … Read more
Still from the film “Wicked” Source: Universal Studios Thousands of Mattel’s “Wicked”-branded fashion dolls are flying off shelves, but not because of consumer demand. The toy company has been forced to pull its line of character dolls after a package misprint. Instead of listing the website for Universal’s “Wicked” movie, boxes featured a link to … Read more