Standard Chartered is planning to cut more than 15% of roles in its corporate functions as the bank targets higher returns and improved income per employee, according to recent reports. The reductions are expected to hit support and back-office areas within the lender’s corporate functions. Standard Chartered, which operates internationally and is headquartered in London,…
Former President Donald Trump has agreed to drop a lawsuit against the Internal Revenue Service as part of a deal that includes the Justice Department establishing a roughly $1.8 billion fund described as an “anti-weaponization” initiative, according to multiple news reports. The arrangement connects the dismissal of Trump’s suit with the creation of a new…
Former House Speaker Nancy Pelosi has endorsed San Francisco Supervisor Connie Chan to succeed her in Congress, wading into a competitive race to represent the city after Pelosi’s departure. Pelosi, a longtime Democratic powerbroker and the most prominent elected official in San Francisco’s modern political history, backed Chan for the open House seat based in…
PlayStation Plus will increase in price in the United Kingdom, with the monthly subscription rising by £1, according to multiple reports. The change affects PlayStation’s paid membership service, which provides online multiplayer access on PlayStation consoles along with other benefits tied to the subscription. The price adjustment applies in the UK and is being reported…
Apple is preparing a set of new features for iOS 27 that include AI-powered writing assistance, expanded app shortcuts, and new wallpapers, according to Bloomberg. The report describes Apple’s work as focused on practical additions aimed at everyday iPhone tasks. The planned features include tools designed to help users write and edit text, options intended…
A federal immigration agent has been charged in Minnesota in connection with the shooting of a Venezuelan immigrant during an enforcement operation known as Operation Metro Surge, according to published reports. The shooting was nonfatal, and the case is now moving through the state criminal justice system. The agent, identified in multiple reports as an…
Former President Donald Trump has agreed to drop a $10 billion lawsuit against the Internal Revenue Service as part of a settlement that creates a new $1.8 billion “Anti-Weaponization Fund,” according to multiple published reports. The deal resolves Trump’s suit targeting the IRS and ties his dismissal of the case to the federal government establishing…
Elon Musk has lost his lawsuit against OpenAI and its chief executive, Sam Altman, after a trial that drew national attention to the high-stakes fight over the direction and governance of artificial intelligence. A jury dismissed all claims brought by Musk in the case, delivering a clear defeat for the billionaire entrepreneur in a closely…
A federal immigration agent has been charged in Minnesota in connection with the shooting of a Venezuelan immigrant in Minneapolis, a case that prosecutors say stemmed from an encounter during an immigration enforcement operation. Minnesota prosecutors announced the charges against the U.S. Immigration and Customs Enforcement agent and said the shooting was non-fatal. The agent…
A jury has thrown out Elon Musk’s lawsuit against OpenAI and its chief executive, Sam Altman, rejecting Musk’s claims in the case. The decision disposes of all claims Musk brought in the suit, which named OpenAI and Altman as defendants. The case centered on Musk’s allegations against the organization behind the ChatGPT product and its…
A federal jury has rejected Elon Musk’s claims against OpenAI and its chief executive, Sam Altman, ending a closely watched case that tested how the courts would handle disputes over the direction and control of major artificial intelligence companies. The verdict came after a three-week trial in federal court, according to multiple published reports. Jurors…
Kevin Warsh will be sworn in as chair of the Federal Reserve on Friday, according to the White House. The ceremony is expected to take place at the White House, marking the formal start of Warsh’s tenure leading the nation’s central bank. Warsh’s swearing-in follows official steps taken ahead of the transition. The Federal Reserve…