CEOs are secretly angry at the Trump administrationBusiness leaders may show fealty to the president in public but when they talk off the record, the truth comes out: “They’re being extorted and bullied individually, but in private discourse, they’re really upset,” Jeffrey Sonnenfeld, a professor at the Yale School of Management,
told the WSJ. When polled, 71% of CEOs gathered at the Yale event said Trump’s tariff regime was “harmful.”
Fed cuts ratesThe Federal Reserve
cut rates by a quarter of a point on Wednesday amid sluggish hiring and consistent attacks from President Donald Trump. During the meeting, Fed Chair Jerome Powell noted that there is “no risk-free path” to steer clear of stagflation as depressed job growth and inflation concerns pull the Fed in different directions.
Sardar Biglari’s 14-year war against Cracker BarrelIt’s not just the logo. Activist investor Sardar Biglari has spent
more than a decade trying to get onto the board of the restaurant chain in order to stop it expanding and optimize its current operations. His proxy battles are among the longest and most contentious activist campaigns in restaurant industry history. They have also earned him more than $1 billion.
Jimmy Kimmel suspended for Kirk commentsABC has
suspended Jimmy Kimmel’s late-night show indefinitely after comments that he made about Charlie Kirk’s killing led a group of ABC-affiliated stations to say it would not air the show
Trump designates Antifa as a terrorist group“I am pleased to inform our many U.S.A. Patriots that I am designating ANTIFA, A SICK, DANGEROUS, RADICAL LEFT DISASTER, AS A MAJOR TERRORIST ORGANIZATION. I will also be strongly recommending that those funding ANTIFA be thoroughly investigated,” the president
said on Truth Social. Background on Antifa
here. Irony alert: Two hours earlier, the president
complained on the same platform that Democrats “Weaponized the Justice Department against Sleepy Joe Biden’s Political Opponents, including ME!”
Meta launches Ray-Ban glasses in race for “superintelligence”Mark Zuckerberg
unveiled the new smart spectacles yesterday. The glasses have a digital display in the right lens showing notifications, and will be priced at $799.
China bans Nvidia chipsBeijing has ordered Chinese companies not to buy Nvidia’s RTX Pro 6000D, a chip made for the Chinese market. CEO Jensen Huang took the long view: “We probably contributed more to the China market than most countries have. And I’m disappointed with what I see,”
he told the FT. “But they have larger agendas to work out between China and the United States, and I’m understanding of that.”
25% chance AI will go “really, really badly,” Anthropic CEO saysWhen asked for his “(p)doom” number—a term that expresses an estimate of AI triggering a catastrophic event for humanity—Anthropic CEO
Dario Amodei said there was a 25% chance things will go "really, really badly.” Context: Elon Musk puts (p)doom at 20% and Alphabet CEO Sundar Pichai has said “the underlying risk is actually pretty high.”
Amazon CEO says “no bureaucracy” inquiry brought 1,000+ reportsAmazon CEO Andy Jassy
says that a “no bureaucracy email alias” the company set up for employees to report unnecessarily slow and obstructive operations received more than 1,500 reports and led to hundreds of process changes. The words came during an appearance at the company’s conference for third-party sellers, per
CNBC.
Potential future U.K. prime minister will say anything for $95Reform Party leader and Trump ally Nigel Farage, whose lead in the polls suggests he has a strong chance of becoming Britain’s next leader, earns $180,000 a year making videos on Cameo for $95 a pop. Many of the videos have gone viral on TikTok, earning him a new audience of younger voters who are delighted that he will say almost anything you ask him to. “Well, a very happy wedding day to the simp Leon, an incel no more,”
he says in one uncovered by the WSJ.
