The House passed a ban on congressional stock trading with bipartisan support on July 22, but Nancy Pelosi, whose household has racked up tens of millions in trades, voted no. The Stop Insider Trading Act cleared the chamber 232-198, with 13 Democrats breaking ranks to join every Republican in favor. The bill bars sitting members […] The post House passes congressional stock trading ban 232-198 as Pelosi votes to protect her own portfolio appeared first on American Almanac .
The House passed a ban on congressional stock trading with bipartisan support on July 22, but Nancy Pelosi, whose household has racked up tens of millions in trades, voted no. The Stop Insider Trading Act cleared the chamber 232-198, with 13 Democrats breaking ranks to join every Republican in favor. The bill bars sitting members of Congress, their spouses, and dependent children from purchasing individual stocks in publicly traded companies while in office. Pelosi, the former Speaker whose name has become synonymous with congressional trading, was not among the Democrats who crossed the aisle. Her no vote landed weeks after she disclosed up to $6 million in Intel and Uber call options purchased on May 29, bets that don't expire until…Open
Data: Financial Modeling Prep ; Chart: Emily Peck/Axios Investors seem to be hitting pause on the AI run-up. Chip stocks in particular are slumping from their record highs. Why it matters: We're in a bit of a reality-check moment in the AI buildout — both for the businesses blowing their budgets on compute and for the investors bidding up stock prices for any company engaged in the new technology. The big picture: AI is moving faster than ever before, and the cost of some compute , or the price to rent the processing power needed to run models, is going down. - But prices to run the flagship frontier models from OpenAI and Anthropic are far more costly. - At the same time, demand for AI technology is still growing. State of play:…
A new investigation from Consumer Reports found discrepancies in pricing and discounts for users who booked the same ride at the same time, raising data collection questions. Uber and Lyft deny the claims. NewsNation’s Rich Bodee explains.
The previous record was set over six years ago. But SpaceX, whose stock begins trading on Friday, is on track to raise tens of billions of dollars more.
The AI bubble debate has lurched through at least three frenzied phases in the span of three years: - Suspicion: Historic sums of capital poured into AI before anyone proved it could reliably automate work. A violent market correction felt inevitable. - Mania: Claude Code and autonomous agents made the early skepticism look outdated, fueling a corporate scramble to embed AI everywhere and maximize usage. - Reckoning: Companies discovered that AI can be extraordinary when aimed precisely — and ruinously expensive when treated as a universal productivity machine. Why it matters: The first phase doubted the technology. The second phase worshipped it. The third phase — currently gaining steam across Corporate America — questions…
Soccer lovers frustrated by public transportation will have another option to return to Boston, Dallas, Miami and New York from hard-to-reach stadiums.
AI's most powerful CEOs are splitting into warring camps over whether their own technology will gut white-collar work or supercharge it — but the truth probably lies somewhere in the middle. Why it matters: The two leading AI labs are trading in hype and doom, making it nearly impossible for companies, policymakers, and the public to know what's coming. The big picture: A pair of public appearances this week highlighted how far apart Anthropic and OpenAI are. - Anthropic co-founder Chris Olah , speaking Sunday at the Vatican's AI ethics conference, doubled down on rhetoric CEO Dario Amodei has used about the dangers of AI. "There is a real possibility that AI will displace human labor at very large scale," Olah said. - OpenAI CEO Sam…
Self-driving robotaxi company Waymo has paused operations in multiple cities across the U.S. due to difficulties navigating puddles.
PULSE POINTS WHAT HAPPENED: Waymo has temporarily halted its robotaxi services in four major cities in the United States due to puddles. DETAIL: Waymo is the branch of Alphabet, parent company of Google, building self-driving robotaxis. The firm has temporarily halted robotaxi services in Atlanta, Dallas, Houston, and San Antonio due to puddles created by rain and flooding . The weather conditions posed challenges for the vehicles’ navigation systems. The decision to halt robotaxi services follows a nationwide recall of approximately 3,800 Waymo vehicles due to their inability to handle flooded roads. The company issued the recall on Thursday and announced it would review the capabilities and limitations of the technology. The recall…Open
