A bipartisan bill by Abigail Spanberger and Brian Fitzpatrick would block members of Congress from getting paid if the U.S. enters debt default or if the government shuts down.

Reps. Abigail Spanberger (D-Va.) and Brian Fitzpatrick (R-Pa.) are set to introduce a bipartisan bill on Thursday called the No Pay for Congress During Default or Shutdown Act. This legislation aims to prohibit members of Congress from receiving their salaries in the event of a U.S. debt default or

$DIS, Disney, is closing its Star Wars Themed Hotel.

Disney has made the surprising decision to permanently close its Galactic Starcruiser hotel, just 15 months after its initial grand opening. The immersive hotel experience, set in the Star Wars universe, allowed guests to embark on a three-day, two-night voyage aboard the luxurious starcruiser named The Halcyon. However, Disney recently

household

Household debt reached $17.05 trillion in Q1 of 2023 despite a mortgage demand decrease

Per CNBC In the first quarter of 2023, the total household debt reached $17 trillion despite a demand for mortgages. New mortgages, including refinancing, reached just $323.6 billion, which brings it closer to its 2014 Q2 numbers. The NY Feds reported that from January to March, total borrowing for

japan

Japan's imports take its first plunge after over two years

Per Bloomberg Japan has recently experienced the effect of softening commodity prices as it has experienced the first time its imports have fallen. This came as the country's imports found a 2.3% decrease from a year earlier in April. The Finance Ministry recently reported that crude oil

amazon

Amazon plans to scale investments in India with a budget of $12.7 billion for cloud infrastructure by 2030

Per Reuters Amazon plans to further invest in India with a budget of $12.7 billion for cloud infrastructure. Specifically, this investment will be for the company's cloud computing unit. This isn't the only investment Amazon has made into the country, as it has already poured

netflix

Netflix's ad-supported tier reached around 5 million monthly active users in 6 months

Per MW When Netflix initially launched its ad-supported tier, it gained harsh criticism from a number of public users. Now, the company says it already has 5 million monthly active users, which happened after just six months of launching. Greg Peters, the co-CEO of Netflix, gave a virtual upfront presentation

tether

Tether wants to back USDT by buying Bitcoin

Per CNBC Tether, the crypto giant behind USDT, the most popular stablecoin, said that it would be buying Bitcoin to back its stablecoin. The amount that they would spend is roughly around $222 million. For those that don't know, USDT isn't just the most popular but

Deutsche Bank has agreed to pay $75 million to settle a proposed class-action lawsuit alleging the lender facilitated the late Jeffrey Epstein's sex-trafficking ring

Deutsche Bank has reached an agreement to pay $75 million in a settlement to the sexual abuse victims of Jeffrey Epstein, as disclosed by the victims' lawyers. The lawsuit, filed in Manhattan, accused the bank of enabling Epstein's sex trafficking of young women by failing to identify

Jeffrey Epstein moved $270,000 for Noam Chomsky, after Chomsky met multiple times with Epstein

Original reporting done by WSJ Noam Chomsky, a well-known political activist and professor, has acknowledged his involvement in financial transactions related to Jeffrey Epstein, the disgraced financier. Chomsky has confirmed that he received a transfer of approximately $270,000 in March 2018 from an account linked to Epstein. He explained

chatgpt

Knowing how to use ChatGPT is now a part of what over 90% of companies are looking for when they're hiring

Per BI Knowing how to use ChatGPT and having significant experience in an AI tool are now considered favorable by over 90% of companies. While previously thought of as a tool that would disrupt jobs, now, more companies are looking to hire people with experience in that tool. A recent

blackrock

BlackRock sends a memo to employees requiring them to go to the office for at least four days

Per BI BlackRock has sent out a memo to employees detailing a new mandate requiring them to be present in the office for at least four days a week. The return to in-office work comes as the company's CEO believes there is a correlation between a more productive

Elon Musk

Elon Musk: Feds raising interest rates would again happen too slow

Per CNBC Elon Musk has recently commented on the Feds in an interview with David Faber from CNBC. In their discussion, he shared how he believed they'd be too slow to lower rates. Musk said that this was because they were also slow to increase rates when needed,

richest

Henley & Partners listed the 50 richest cities in the world: 10 of them were from the US, while 5 were from China

Per Henley & Partners A new list from Henley & Partners named the 50 richest cities in the world. Out of that list, it was found that 10 cities were from the US, while 5 of them were from China. Here's the list of the top 10 richest

college

Over 90% of colleges don't give accurate student expense estimates

Per Bloomberg A new report by Bloomberg details how over 90% of colleges fail to give inquirers an accurate estimate of how much students would have to pay. This results in potential college applicants missing their estimates, which could land them even more in debt. The report shares the story

OpenAI CEO says not making a lot of money

Sam Altman, CEO of OpenAI, states he has zero equity in OpenAI. Senator Kennedy: "You make a lot of money, do you?" Altman: "No." “We think that regulatory intervention by governments will be critical to mitigate the risks of increasingly powerful models,” Altman said. “There will

I’ll say what I want to say, and if the consequence of that is losing money, so be it

On Tuesday, Elon Musk expressed indifference towards the potential loss of prospective Tesla customers or Twitter advertisers due to his contentious tweets during a conversation with David Faber from CNBC. "I’ll say what I want to say, and if the consequence of that is losing money, so be

onlyfans

OnlyFans reaches over 3 million creators on its Adult Subscription Platform after 40% growth

Per Business Insider The CEO of OnlyFans has described how the platform grew to over 3 million content creators after a huge 40% surge in 2022 alone. Ami Gan, who joined the company in 2020, started out as the chief marketing officer before becoming the CEO in late 2021. During

irs

IRS free e-filing system could compete with TurboTax and H&R block

Per The Washington Post The Internal Revenue Service is testing a new e-filing system that does what TurboTax and H&R Block do. The only difference is that IRS plans to launch their system for free. The new IRS tool would allow Americans to do the same as they

wells fargo

Wells Fargo pays $1 billion in settlement to accusations of it defrauding shareholders regarding scandals on customer treatment

Per CNN Wells Fargo was previously the target of a class action lawsuit that alleged that the firm had defrauded its shareholders regarding how it was recovering from customer treatment scandals. The settlement was worth $1 billion because the firm reportedly lied about its progress. The preliminary settlement for the

digital yuan

Chinese city Changshu starts paying public employees in digital yuan

Per Nikkei Starting this month, Changshu, a city in the Jiangsu province of China, will start paying its public sector employees in digital yuan compared to the conventional bank notes. This comes as the country is trying to promote the digital currency. Per the report, this move comes as the

chatgpt

ChatGPT lets users access up-to-date info with a new feature

Per BI ChatGPT users will get a new feature allowing them to use the AI tool to access up-to-date info. This would only be available for ChatGPT Plus (its premium service) users. The new feature would break the AI tool's previous limits, which only provided users with access

Elon Musk said that that "cretin never advised me on anything," in response to Epstein trial

Elon Musk has said, responding to Unusual Whales reporting on CNBC story about being subpoenaed in US Virgi This is idiotic on so many levels: 1. That cretin never advised me on anything whatsoever. 2. The notion that I would need or listen to financial advice from a dumb crook

Elon Musk has said "that cretin never advised me on anything whatsoever"

Elon Musk has said, responding to Unusual Whales reporting on CNBC story about being subpoenaed in US Virgi This is idiotic on so many levels: 1. That cretin never advised me on anything whatsoever. 2. The notion that I would need or listen to financial advice from a dumb crook

Yellen warns of US default June 1st

On Monday, the U.S. Treasury Department emphasized once again its projection that, barring a hike in the debt limit, it will only be able to honor the U.S. government's financial obligations until June 1. This statement further intensifies the pressure on congressional Republicans and the White

Elon Musk subpoenaed in Jeffrey Epstein trial in the U.S. Virgin Islands

In connection with a lawsuit involving JPMorgan Chase & Co  and its potential role in Jeffrey Epstein's activities, Elon Musk, CEO of Tesla Inc (TSLA.O), has been subpoenaed by the U.S. Virgin Islands, as stated in a recent court document filed on Monday. The subpoena was