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President Donald Trump speaks to members of the media as he arrives at Joint Base Andrews in Maryland, May 20, 2026.Evelyn Hockstein | ReutersCongress will have the best chance in the courts to block a controversial $1.8 billion “lawfare” compensation fund set up by the Department of Justice to settle a lawsuit by President Donald Trump against the Internal Revenue Service, former federal prosecutors told CNBC on Wednesday.Those attorneys, both now in private practice, said members of Congress have good legal grounds to challenge the use of taxpayer money for the fund, which purportedly will pay people who were unfairly…
Trump to sign order on AI oversight as security fears mount among supporters Source link
“As a bonus, it captured Mars images from a rare perspective,” NASA said in a press release. The spacecraft approached Mars from a high phase angle, or from the side opposite the Sun, making the planet appear as a thin crescent as Psyche moved in for the encounter. The wispiness of the thin Martian atmosphere was on full display, with sunlight shining through diffuse clouds of dust suspended dozens of miles over the sharp edge of the planet’s rust-colored surface. This is the first view of a nearly “full Mars” as seen by NASA’s Psyche spacecraft shortly after its closest…
Fuel duty was initially cut by 5p in March 2022, under the Conservative government. Source link
Airplanes are seen on the runway at LaGuardia Airport amidst mass travel delays, on March 28, 2026 in New York, New York. Ryan Murphy | Getty ImagesA sinkhole at New York’s LaGuardia Airport shut down a runway on Wednesday and is set to delay flights, local officials said.The Port Authority of New York & New Jersey said it was conducting a daily inspection of the airfield earlier Wednesday when “crews identified a sinkhole near Runway 4/22.” “The runway was immediately shut down, and emergency construction and engineering crews are onsite to determine the cause and complete necessary repairs as quickly…
Bound for Mars, Elon Musk’s SpaceX unveils filing for blockbuster IPO Source link
Goldman Sachs is soaring after securing a key role in SpaceX’s historic IPO. Elon Musk ‘s rocket company has selected the bank for the record-setting public debut, according to a prospectus filed on Wednesday. The deal is a financial windfall that positions Goldman’s dealmaking division to potentially win lead roles in other major IPOs expected in the near future, including OpenAI and Anthropic. “This is a huge win for Goldman Sachs and a verification that this Investing Club stock is in pole position for all the big ones,” Jim Cramer said. Shares of Goldman rose nearly 6% on Wednesday. SpaceX’s…
Mayor Zohran Mamdani, left, and Amazon founder Jeff Bezos.Getty Images (L) | CNBC (R)New York City Mayor Zohran Mamdani fired back on Wednesday at Jeff Bezos after the Amazon founder and executive chairman questioned whether raising taxes on billionaires would do anything to help working-class New Yorkers.”You could double the taxes I pay, and it’s not gonna help that teacher in Queens. I promise you,” Bezos said in an interview on CNBC earlier Wednesday.Mamdani responded on X: “I know a few teachers in Queens who would beg to differ.”Bezos, meanwhile, pushed for tax cuts for low-income Americans.He called for eliminating federal income taxes on…
Musk controls 85% of SpaceX voting powerTesla and SpaceX CEO Elon Musk attends a state banquet for President Donald Trump and China’s President Xi Jinping at the Great Hall of the People in Beijing on May 14, 2026.Brendan Smialowski | Afp | Getty ImagesElon Musk controls 85% of SpaceX voting power, with 849.5 million Class A shares and 5.57 billion Class B shares, according to Wednesday’s prospectus. Other than Musk, no person or entity has a stake larger than 5%. — Jordan NovetSpaceX merger with xAI created a trillion-dollar plus companyElon Musk merged SpaceX with xAI in February, creating a…
Intuit misses quarterly revenue estimates, announces plans to cut 17% of workforce Source link