New York City Mayor Mayor Zohran Mamdani spotlighted Citadel CEO Ken Griffin’s Manhattan penthouse in a viral video announcing a new pied-à-terre tax. (Credit: NORGES BANK INVESTMENT MANAGEMENT) A threat from hedge fund Citadel to put a halt to its $6 billion Midtown Manhattan offices over a tax proposal from Mayor Zohran Mamdani threatens area…
Palantir (PLTR) stock fell more than 7% on Tuesday as the company’s Q1 earnings beat wasn’t enough to impress investors amid concerns of how AI may disrupt the software space. The company’s revenue jumped 85% in the first three months of this year to $1.63 billion, beating the consensus estimate of $1.53 billion. The majority…
German premium carmaker Audi is pushing ahead with plans to bring its Q9 SUV to the US market this summer despite another looming tariff hike, finance chief Juergen Rittersberger said on Tuesday. Source link
Wingstop CEO Michael Skipworth discusses how soaring gas prices strain household budgets and the affects on Wingstops growth on ‘The Claman Countdown.’ Several U.S. restaurant chains are reporting weaker than expected sales growth in the latest quarter as high gasoline prices squeeze consumers’ budgets. Gas prices have surged amid the war in Iran, with average…
Subscriber content preview May 5, 2026 Leave a board, buy a board Seattle builders and DIYers have a new source for reclaimed lumber, and a drop-off point for the wood they don’t need. A warehouse worker preps lumber for resale. A new hub for reclaimed lumber…
Check out what’s clicking on FoxBusiness.com. Officials are warning customers about banking spoof calls that could trick them into emptying their accounts, with scammers posing as banking or law enforcement officials who claim they are trying to protect the customer’s money. The FBI has described these calls as a growing problem in which customers are…
The battle for corporate AI dominance just got a $1.5 billion war chest, courtesy of some Wall Street heavy hitters. Anthropic is teaming up with Blackstone, Hellman & Friedman and Goldman Sachs to form a new AI services company targeting private equity-backed businesses. Blackstone, Hellman & Friedman and Anthropic are each investing around $300 million,…
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Chevron Chairman and CEO Mike Wirth said on Monday that physical shortages in oil supply would begin appearing around the world because of the closure of the Strait of Hormuz, through which 20% of global crude supply passes. Source link
The data analytics company now expects $7.65 billion to $7.66 billion in full-year revenue, up from its February forecast Source link
