Washington — Federal Reserve Governor Lisa Cook defended herself against allegations from the Trump administration that she made misrepresentations on mortgage documents, arguing in a new letter that she has “never committed mortgage fraud.” In the letter to the White House dated Wednesday, Abbe Lowell, Cook’s lawyer, said that attempting to fire Cook on the…
Washington — President Trump says White House staff secretary Will Scharf, his aide who oversees his flow of information, paperwork and executive orders, will be the next White House counsel. Scharf will replace current White House counsel, David Warrington, on Sept. 1, the president announced Sunday on Truth Social, as Warrington transitions to the private…
Shares of SpaceX tumbled on Wednesday despite reporting strong revenue growth in its first public quarterly earnings report, as investors questioned the rocket maker’s accelerating investment in artificial intelligence. SpaceX shares tumbled $10.06, or 8%, to $115.27 in early afternoon trading on Wednesday. Investors are worried that the company’s massive investments in artificial intelligence won’t be enough…
SpaceX is set to issue its first earnings report as a public company on Tuesday, offering a detailed look at how the rocket, satellite and AI provider is faring after its ballyhooed initial public offering in June. SpaceX shares have sputtered after initially soaring following the transaction, the largest IPO in U.S. history. The company’s…
