Wednesday, October 28, 2026
14 stories
A grand jury has declined to indict Cassidy Hutchinson, a former White House aide. The decision is another setback for the Justice Department's efforts to prosecute people President Trump believes have wronged him. Hutchinson had been a prominent witness in investigations into the former president's circle.
The Justice Department has charged former FBI director James Comey for a third time. This prosecution alleges that Comey leaked national-defense information ten years ago. The case continues the department's repeated attempts to bring charges against the former director.
Tal and Oren Alexander, once high-flying luxury real-estate brokers, have been sentenced to 30 years in prison along with their brother Alon. The three were convicted of sex trafficking. The sentences mark a dramatic fall for brothers who once dominated the luxury property market.
Senator Elizabeth Warren is pressing Anthropic for answers about risks the AI company raised in its IPO paperwork. The Democratic senator said she is deeply troubled by the risks described and has sent the company a long list of questions. She wants answers before the AI giant goes public.
Anthropic has put its estimated market opportunity at $40 trillion, tied to the economic value of work produced by knowledge workers. That figure tops even SpaceX's enormous estimate from earlier this year. The number reflects the AI company's sweeping ambitions as it prepares to go public.
Upcoming midterm elections could shape the future of the data-center industry in four key places. New moratoriums and restrictions on data centers are on the table, threatening the sector that is powering the AI boom. The outcomes will matter well beyond local politics.
Microsoft is offering buyouts to 60,000 employees in the United States, the United Kingdom, Canada and India. The software giant is shrinking its workforce through voluntary exits rather than layoffs. The move comes as other major companies also seek volunteers to leave.
Weil Gotshal, one of Wall Street's most storied law firms, is in turmoil as partners leave and its situation worsens. The firm has tapped Davis Polk to advise on potential options after a marathon partners' meeting. It cannot afford to keep losing partners, but may still find ways to avoid bankruptcy.
GE Vernova is buying a high-voltage grid equipment manufacturer for $9 billion. The energy company, formed from the breakup of General Electric, says the acquisition will create scale across its electrification portfolio. The deal reflects surging demand for grid infrastructure.
The Trump administration is moving to weaken rules on methane emissions from oil and gas operations. Small fossil-fuel producers have opposed regulations to curb releases of the potent greenhouse gas. The move would roll back curbs on a major driver of warming.
China's car industry is impressing global buyers, but domestic sales have plunged. The state-supported sector has not yet gone through the shakeout many expect, with GM chief executive Mary Barra warning that a lot of sorting is still to come. The contrast between global success and a home-market slump defines the industry's moment.
DoorDash is in advanced talks to acquire delivery rival Instacart in a deal that could be completed as soon as this week. The deal would value Instacart at around $17 billion. A combination would reshape the food and grocery delivery market.
A strike vote by 250 watchmen threatens the nation's busiest port complex, the ports of Los Angeles and Long Beach. A walkout could begin Sunday, just as retailers rush in final holiday goods. The threat adds fresh uncertainty to supply chains heading into the holiday season.
Shares of Jio Platforms jumped in their trading debut after India's largest telecom operator raised over $3 billion. It was the country's biggest initial public offering ever. The strong debut underlines investor appetite for India's telecom and digital growth story.