The venture capital round values the ChatGPT maker at $300 billion, and underscores the fierceness of the A.I. money race.
Month: August 2025
Ahead of Trump’s Trade Deadline, Firms Rushed Goods Out of Duty-Free Warehouses
By keeping inventory in bonded warehouses or foreign trade zones, importers were able to hedge the tariff rate they ultimately paid.
Michael Cardozo, 84, New York City’s Longest-Serving Chief Lawyer, Dies
As the city’s corporation counsel under Mayor Michael Bloomberg, he defended stop-and-frisk policing and a ban on smoking in bars and restaurants.
Corporation for Public Broadcasting Will Shut Down
The company is among the first casualties of a vote to strip roughly $500 million in federal funding from NPR, PBS and local stations across […]
Stock Market Posts Worst Week in Months on Renewed Economic Fears
Data showing cracks in the U.S. labor market and President Trump’s newest barrage of tariffs shook investors around the world, weighing on stocks, the dollar […]
Trump, Claiming Weak Jobs Numbers Were ‘Rigged,’ Moves to Fire Labor Official
Economists said ousting the head of the Bureau of Labor Statistics could undermine confidence in government economic data.
A Fed governor plans to resign, giving Trump an opportunity to shape central bank.
The resignation comes as President Trump has openly pressured the central bank to lower interest rates and called for Jerome H. Powell, the chair, to […]
Fed Governor Steps Down Early, Giving Trump Opportunity to Appoint New Official
The resignation comes as President Trump has been openly pressuring the central bank to lower interest rates and calling for Jerome H. Powell, the chair, […]
Trump, Claiming Weak Jobs Numbers Were ‘Rigged,’ Moves to Fire Labor Official
Economists said ousting the head of the Bureau of Labor Statistics could undermine confidence in government economic data.
Stock Market Posts Worst Week in Months on Renewed Economic Fears
Data showing cracks in the U.S. labor market and President Trump’s newest barrage of tariffs shook investors around the world, weighing on stocks, the dollar […]