Musk says he’ll spend less time in Washington, more running Tesla after profit plunges
The electric vehicle maker reported a 71% drop in profit and a 9% decline in revenue for the first quarter.
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FDA to phase out 8 artificial dyes from food supply
It would be a sweeping change for U.S. food producers, who would likely replace the dyes with natural substitutes.
Most adults in the US give to charity. Here’s where they donated.
The results of a new poll suggest most Americans gave at least a little to some charities in the past year but offer mixed signals for those hoping to improve giving trends.
Walgreens to pay up to $350M in opioid settlement
The U.S. Department of Justice accused the pharmacy of illegally filling millions of prescriptions in the last decade for opioids and other controlled substances.
NCAA passes series of rules that sets table for schools to pay players directly
The nine proposals passed by the NCAA board were largely expected but still mark a defining day in the history of college sports.
Student loans in default to be referred to debt collection, Education Department says
The announcement marks an end to a period of leniency that began during the COVID-19 pandemic. No federal student loans have been referred for collection since March 2020, including those in default.
Wall Street, dollar tumbling again as investors retreat further
Hanging over the market are worries about President Trump’s anger at Federal Reserve Chair Jerome Powell for not cutting interest rates to help give the economy more juice.
Google faces off with government in attempt to break up company in search monopoly case
The drama will unfold in a Washington, D.C., courtroom during the next three weeks during hearings that will determine how the company should be penalized for operating an illegal monopoly in search.
Secondhand retailers poised to benefit if tariffs drive up new clothing costs
Price hikes may drive cost-conscious shoppers to online resale sites, consignment boutiques and thrift stores in search of bargains or a way to turn their wardrobes into cash.
Trump administration reverses guidance on ‘road diets’ for traffic safety
Removing lanes has been a tool numerous cities—including Indianapolis—have used for years to calm traffic, despite resistance from some Republican governors.
Federal judge pauses plans for mass layoffs at Consumer Financial Protection Bureau
The decision leaves in limbo a bureau created after the Great Recession to safeguard against fraud, abuse and deceptive practices.
Capital One $35B purchase of Discover Financial gets regulatory approvals
The Federal Reserve and the Office of the Comptroller of the Currency signed off on the deal, which was first announced in February 2024.
Kentucky auditor announces probe of state’s medical cannabis program
Auditor Allison Ball says her office received complaints about the lottery system used to award highly-sought-after licenses to businesses that will grow, process and sell the products.
USA Football certified as national governing body by U.S. Olympic Committee
The designation further cements the group’s role in roster development for the U.S. men’s and women’s teams in tackle and flag football starting with the 2028 Games, where flag will make its Olympic debut.
Nearly 90% of Consumer Financial Protection Bureau cut as Trump’s government downsizing continues
Roughly 1,500 employees are slated to be cut, leaving around 200 people, according to an administration official who spoke on condition of anonymity.
Google’s digital ad network ruled an illegal monopoly, joining its search engine in penalty box
Google has been branded an abusive monopolist by a federal judge for the second time in less than a year, this time for illegally exploiting some of its online marketing technology.
Trump administration to end IRS Direct File program for free tax filing, sources say
The program developed during Joe Biden’s presidency was credited by some with making tax filing easy, fast and economical, while others said it was frequently difficult to use.
E-commerce sites Temu, Shein say they’re raising prices due to tariffs
Temu, which is owned by the Chinese e-commerce company PDD Holdings, and Shein, which is now based in Singapore, said in separate but nearly identical notices that their operating expenses have gone up “due to recent changes in global trade rules and tariffs.”
Meta CEO Zuckerberg defends acquisitions as he wraps up his testimony in antitrust case
Meta CEO Mark Zuckerberg testified in federal court on Wednesday that he bought Instagram and WhatsApp because he saw value in the companies—not to take out competitors, as the FCC alleges.
Rob Gronkowski taking on entertainment role in ‘Snake Pit’ during Indy 500
The former NFL tight end will serve as the grand marshal for the “Snake Pit,” the infield party that takes place during “The Greatest Spectacle in Racing.”