Author: potus

Palantir co-founder and CEO Alex Karp speaks during the Hill & Valley Forum at the US Capitol Visitor Center Auditorium in Washington, DC, on April 30, 2025.Brendan Smialowski | Afp | Getty ImagesPalantir CEO Alex Karp has sold more than $50 million worth of shares in the artificial intelligence software company, according to securities filings.The stock transactions, which occurred on Tuesday and Wednesday between $125.26 and $127.70 per share. Following the stock sales, Karp owned about 6.43 million shares of Palantir stock, worth about $787 million based on Thursday’s closing price. The sales were connected to a series of automatic…

WASHINGTON (AP) — House Republicans were jubilant after muscling through President Donald Trump’s “big, beautiful” tax and immigration package by a single vote. But across the Capitol, senators were more cautious. Senate Majority Leader John Thune can afford to lose three Republican senators and still pass the bill, and there are more than that, right now, who have problems with it. Like the House, he will have to balance the concerns from moderate and conservative members of his conference. Republicans’ aspirational deadline is July 4, ahead of a potential debt default. Thune said groups of senators had already been meeting…

FILE PHOTO: People walk on the Business School campus of Harvard University in Cambridge, Massachusetts, U.S., April 15, 2025. Faith Ninivaggi | ReutersHarvard University on Friday filed a lawsuit asking a judge to reverse the Trump administration’s ban on the private school enrolling international students for its purported tolerance of “anti-American, pro-terrorist agitators” on campus.The suit came a day after the Department of Homeland Security revoked Harvard’s ability to enroll foreign students under the F-1 visa program at the behest of Secretary Kristi Noem. DHS said Harvard is barred from enrolling future international students, and that current foreign students enrolled…

East African rights groups condemn Tanzania, saying human right activists ‘abandoned’ at border show signs of torture.A Ugandan human rights activist, arrested in Tanzania after travelling to the country to support an opposition politician at a trial for treason, has been tortured and dumped at the border, according to an NGO. Ugandan rights group Agora Discourse said on Friday that activist and journalist Agather Atuhaire had been “abandoned at the border by Tanzanian authorities” and showed signs of torture. The statement echoes reports regarding a Kenyan activist detained at the same time and released a day earlier, and supports complaints…

US President Donald Trump (r) and Apple CEO Tim Cook speak to the press during a tour of the Flextronics computer manufacturing facility where Apple’s Mac Pros are assembled in Austin, Texas, on November 20, 2019.Mandel Ngan | AFP | Getty ImagesPresident Donald Trump said in a social media post Friday morning that Apple will have to pay a tariff of 25% or more for iPhones made outside the United States.”I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in…

People stand in front of an Apple store in Beijing, China, on April 9, 2025.Tingshu Wang | ReutersApple on Friday raised the amount of money people can get off their next iPhone in China by trading in their old device, rolling out further incentives to spur demand in a crucial market.The iPhone 15 Pro Max now has a trade-in value of up to 5,700 Chinese yuan ($791), an increase from 5,625 yuan previously. For reference, a brand new iPhone 15 Pro Max starts at 7,999 yuan in China. The iPhone 15 Pro model can now be traded in for up…

Though the difference between the two brands’ monthly sales totals is relatively small, the implications of BYD beating out Tesla “are enormous,” says Felipe Munoz, global automotive analyst at JATO Dynamics.Jaap Arriens | Nurphoto | Getty ImagesBYD sold more pure battery electric vehicles in Europe than Tesla for the first time ever last month — a “watershed moment” for the region’s car market, according to a report from JATO Dynamics. New car registrations data from the automotive intelligence firm shows that BYD’s Europe volumes rose 359% in April from last year as the company continues its global expansion efforts.Over the same…

Amazon CEO Andy Jassy speaks during an unveiling event in New York on Feb. 26, 2025.Michael Nagle | Bloomberg | Getty ImagesAmazon shareholders rejected a proposal to adopt a policy that would require the company’s CEO and board chair roles to remain separate.Vote totals disclosed in a filing Thursday show about 82% of shareholders rejected the proposal. The independent proposal was submitted alongside seven others at Amazon’s annual meeting on Wednesday. Each of the independent proposals were rejected.Amazon split the roles of CEO and board chair when founder Jeff Bezos turned the helm over to Andy Jassy in 2021. As…

Security officers block entrance doors after pro-Palestinian protesters attempted to enter the Microsoft Build conference at the Seattle Convention Center Arch building in Seattle, Washington on May 19, 2025. Jason Redmond | Afp | Getty ImagesMicrosoft employees are concerned that the company has been blocking Outlook emails containing the words “Palestine,” “Gaza,” “genocide,” “apartheid” and “IOF off Azure,” even if they’re including those terms in an HR complaint, according to screenshots, recordings and documents viewed by CNBC.Employees said they started noticing the change Wednesday just before noon PST, batch-testing emails with the terms in question and emails without them. Only…

The U.S. Supreme Court building in Washington, July 19, 2024.Kevin Mohatt | ReutersThe Supreme Court on Thursday strongly suggested that Federal Reserve board members would have special protection against being fired by a president in a ruling that, for now, allows President Donald Trump to fire two members of other federal agencies’ boards.The Supreme Court in its ruling said, “We disagree” with arguments by Gwynne Wilcox of the National Labor Relations Board and Cathy Harris from Merit Systems Protection Board that their challenges to their terminations “necessarily implicate the constitutionality of for-cause removal protections for members of the Federal Reserve’s…