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Delaware judge reassigns Elon Musk lawsuits amid bias allegations

A Delaware judge on Monday reassigned several lawsuits involving Elon Musk after lawyers for the Tesla CEO accused her of bias over a LinkedIn post that appeared to mock the billionaire.  In a filing, Delaware Court of Chancery Chancellor Kathaleen St. J. McCormick said that she will reassign a group…

Powell warns new energy supply shock threatens to push inflation higher

Federal Reserve Chair Jerome Powell said that the U.S. economy is facing a supply shock from the disruption of Middle East oil supplies after previous shocks like the COVID-19 pandemic and tariffs pushed prices higher. Powell spoke to an economics class at Harvard University on Monday and said that the series of supply shocks has kept inflation elevated above the central bank’s 2% long-run target despite progress in slowing the pace of price growth substantially from its…

Finance news

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Ukraine is developing interceptor drone swarms to defend against Russian attacks

Ukraine’s defense industry is developing interceptor drone swarms to better protect its territory from massive Russian aerial attacks.The development work marks a major next step for interceptor drones, which have emerged over the past year as a top defense priority for Ukraine, given their low cost and scalability.Brave1, a Ukrainian government-backed…

Business

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Bessent offers 30% reward to whistleblowers who report COVID relief fraud

Treasury Secretary Scott Bessent is offering what could be big money for potentially “hundreds of billions” recouped from fraudsters emboldened during a Biden administration that unwound guardrails under the guise of COVID relief urgency, he told Fox News on Monday. “We can pay up to a 30% reward for the…

Markets

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Investing

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