Why it matters: For the first time in seven years, Wells Fargo is free to expand its business — take in more deposits, lend more to businesses and make acquisitions — in ways that might help it better compete on Wall Street.
Elon Musk's brutal attacks Tuesday on President Trump's "One Big, Beautiful Bill" instantly became a centerpiece of Democratic messaging.
Why it matters: The recently departed Trump lieutenant blasted the bill as a "disgusting abomination" as Trump and GOP leaders are struggling to get it across the finish line in the Senate.
Customers spent more per trip at Dollar General last quarter, a sign that higher-income shoppers may be looking to save — and possibly stocking up ahead of expected tariffs.
Why it matters: Dollar stores have been struggling as Americans turned to budding alternatives such as same-day delivery from the likes of Amazon and Walmart.
Elon Musk unloaded on President Trump's signature tax-and-spending bill Tuesday, declaring that he could no longer stay silent on what he called a "disgusting abomination."
"Shame on those who voted for it: you know you did wrong. You know it," Musk wrote on X.
Why it matters: Musk's scathing criticism of the "One, Big, Beautiful Bill," passed by the House last month, comes just days after the former head of DOGE departed the Trump administration.
Elon Musk blasted President Trump's legacy legislation Tuesday, casting it as a bloated mess. But two sources who have spoken to Musk say he was frustrated at failing to win favorable treatment in the bill and the administration at large.
Why it matters: Musk's post on X calling Trump's "big, beautiful bill" a "disgusting abomination" of pork spending blindsided Trump's team when it was posted during a White House press briefing — and signaled the escalating tension that shadowed Musk's departure from government last week.
The group responsible for overseeing Democratic Party state efforts is strongly encouraging all its state campaigns to use a single digital ad tech platform from a company called TargetSmart.
Why it matters: The move aims to help Democrats streamline their ad buys and save money, but some critics say the one-vendor mandate is anticompetitive and limits innovation.
Why it matters: Digital asset treasury companies (DATs) are on the rise, giving investors an easy way to take leveraged bets on an inflection point for cryptocurrencies. The giant risk they pack just may be hard to see now when times are good.
California, New York and Texas have the greatest shares of the approximately 1.1 million international college students nationwide, per data from NAFSA, an international education nonprofit.
Venture capital's distribution blockade may be breaking down, at least a bit, thanks to some unicorns finally accepting that their ZIRP-era valuations were inflated.
Driving the news: Circle is expected to price IPOs this week, at a valuation below where it previously was valued by venture capitalists. Omada is expected to price just slightly higher.
Keysight Technologies will receive U.S. antitrust approval for its $1.5 billion purchase of British telecom testing firm Spirent Communications, after agreeing to divest three of Spirent's businesses.
Why it matters: Remedies appear to be back, after a Biden-era antitrust regime that focused more on injunctions.
The number of women running Fortune 500 companies hit a new high this year, per the latest tally by Fortune magazine.
Why it matters: It's still a shockingly low number, considering that women make up half the population, and are now outpacing men in education and other spheres.
Facebook parent Meta on Tuesday inked a 20-year deal with power giant Constellation Energy to keep a large Illinois nuclear plant running until mid-century.
Why it matters: It's a big addition to a hot power trend — big tech looking to reactors big and small to meet AI's electricity thirst with zero-carbon energy.
It's a buyer's market in real estate — if you can afford it: There are nearly 500,000 more home sellers than buyers in the U.S. housing market, Redfin estimates.
Why it matters: That's the widest gap on record — and a big reversal from just a few years ago, when home buyers were desperate to find a place to live, sending prices into the stratosphere.
Machine learning pioneer Yoshua Bengio is launching a new nonprofit lab backed by roughly $30 million in funding to make AI systems act less like humans.
Why it matters: The move bucks a trend toward AI that acts independently, which Bengio and others fear might create systems that place their own interests over humanity's.
Bill Gates will spend most of his wealth on improving health and education services in Africa over the next 20 years, the billionaire Microsoft co-founder pledged Monday.
The big picture: He announced last month plans to spend more than $200 billion through the Gates Foundation that he established with ex-wife, Melinda French Gates, 25 years ago. Once "virtually all" of the fortune of the former world's richest man is gone, he said the Seattle-based philanthropic organization would close on Dec. 31, 2045.
