Semafor business

The fresh GDP and consumer expenditure figures come as US President-elect Donald Trump finalized his top economic team.

A Gen-Z trader in a legal spat with billionaire David Einhorn is raising $25 million for a new investment firm and launching an index fund that targets companies with diversity quotas.

The luxury clothing brand will use the AI model to detect fraudulent returns in its warehouses.

The order, which is separate from a US Department of Justice case filed last week, would likely require the Indian government’s intervention.

Bessent edged out Apollo CEO Marc Rowan, former Fed Governor Kevin Warsh, and others, ending a Wall Street waiting game.

The country almost plunged into recession this year, as its famed manufacturing sector dwindles.

The list of possible candidates to run the financial regulatory agencies under Trump has expanded, with some names closely aligned to the GOP’s agenda.

The charges come just weeks after the Adani Group pledged billions in new US energy and infrastructure projects.

The university’s AI center has developed a tool that measures the strength of AI ecosystems based on a country’s economy, infrastructure, governance, and other factors.

SpaceX and the rest of the commercial space industry could have a lot to gain from President-elect Donald Trump’s incoming administration.

The next administration could rollback some consumer protections, redo big bank capital rules, and overhaul the nation’s mortgage system.

Documents show Bessent’s firm, Key Square, losing money five of the past seven years. But they leave out strong returns in 2016, 2017, and 2024, people familiar with the matter say.