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Justice Department drops criminal investigation into
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Federal prosecutors are closing their criminal investigation into Federal Reserve Chairman Jerome Powell, U.S. Attorney Jeanine Pirro announced Thursday. The probe, which centered on cost overruns in the Fed's D.C. headquarters renovation, will now be handed to the Fed's inspector general. Pirro left the door
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American Airlines slashes its 2026 earnings forecast as jet fuel costs soar.
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</strong>
The U.S. carrier projected adjusted earnings per share between a loss of $0.40 and a profit of $1.10, down from its January forecast of $1.70 to $2.70 per share. The quarter also produced a $382 million loss.
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<a data-linktext="Anthropic is now worth $1 trillion on private markets, surpassing OpenAI's $880 billion." data-linktype="Normal" style="color:#105C8E" target="_blank">
Anthropic is now worth $1 trillion on private markets, surpassing OpenAI's $880 billion.
</a>
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On Forge Global pegged Anthropic's value at more than double the $380
billion its most recent primary round implied. Anthropic shareholders, inundated with offers, show little inclination to sell.
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Avis Budget Group stock falls more than 70% over two days.
</a>
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The car rental company had surged about 600% in an epic short squeeze before reversing. Short sellers generated $2.8 billion in gains. Volume over the two days exceeded 10 million shares against 36 million outstanding.
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