Author: Daniel snow

[ad_1] A view of the Consumer Financial Protection Bureau headquarters in Washington. Saul Loeb | Afp | Getty ImagesA massive tax and spending law that President Donald Trump signed last week slashes the Consumer Financial Protection Bureau’s annual budget — and critics of the move say they fear it may lead to less oversight of financial firms and bring more harm to consumers.”There’s no way to paint a positive picture about it,” said Adam Rust, director of financial services at the Consumer Federation of America, a consumer advocacy group.The CFPB was created in the wake of the 2008 financial crisis…

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[ad_1] A bust of Elon Musk that was recently vandalized is seen near the SpaceX projects in Brownsville, Texas, on May 3, 2025. Gabriel Cardenas | Afp | Getty ImagesGrok is pretending yesterday didn’t happen.The artificial intelligence chatbot built by Elon Musk’s xAI and integrated with his social media site X has deleted its comments praising Adolf Hitler and attacking Jewish people but denied that it made such posts and said it can’t “confirm or deny” making the statements.Grok repeatedly made antisemitic comments on Tuesday and referenced Hitler in response to posts about the Texas flooding.The chatbot insisted it “never…

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[ad_1] The silhouette of a pedestrian is seen walking past the Marriner S. Eccles Federal Reserve building in Washington, D.CAndrew Harrer | Bloomberg | Getty ImagesIf leading the Federal Reserve isn’t challenging enough, the next central bank chair faces an additional burden: credibility issues now that President Donald Trump has stepped up efforts to exert a heavy hand on monetary policy.Whoever the successful candidate is could carry the specter of being there simply to do Trump’s bidding on interest rates, violating the Fed’s traditionally apolitical veneer.To exert more influence in the near term, Trump reportedly is considering naming a “shadow…

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[ad_1] Nvidia CEO Jensen Huang attends a roundtable discussion at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris on June 11, 2025.Sarah Meyssonnier | ReutersNvidia shares jumped more than 2% on Wednesday, topping a $4 trillion market cap for the first time as investors scooped stock in the tech giant building the hardware for the generative artificial intelligence boom.The chipmaker is the first company to ever achieve this market value.Nvidia is the world’s most valuable company, surpassing Microsoft and Apple, both of which hit the $3 trillion mark before Nvidia. Microsoft…

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