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FSS News18 articles
Bezos Proposes Zero Federal Income Tax for Half of US Earners
Jeff Bezos has reignited debate by proposing zero federal income tax for the bottom half of U.S. earners, a move analysts say would most benefit middle-income households. Democratic legislation would cost $1.6 trillion over 10 years, funded by a surtax on high earners.
USA Rare Earth Secures $1.6B in Federal Funding, Stock Slides on Dilution Fears
USA Rare Earth completed agreements for up to $1.6 billion in U.S. government funding and loans for a $1.2 billion rare earth magnet plant in South Carolina, but shares dropped 3.5% amid concerns over dilution and long timelines.
White House Mandates 30-Day Federal Review for Advanced AI Systems
President Trump's executive order mandates a voluntary 30-day federal cybersecurity review for advanced AI models from OpenAI, Google, and Anthropic before wider release, potentially delaying product launches.
Rigetti Computing Shares Dip as $100M Federal Funding Awaits Final Terms
Rigetti shares fell 5.5% to $25.54 on Friday, paring gains from a Thursday rally tied to a $100M federal funding letter. Final terms could dilute shareholders, and new SEC filings reveal planned insider sales.
D-Wave Advances Toward $100M Federal Deal Amid Quantum Sector Rally
D-Wave Quantum Inc. trades at $29.28 premarket, down 0.4%, after a 44.5% rally last week on news of a proposed $100 million CHIPS Act funding deal. Q1 revenue fell 81% to $2.9 million, while bookings soared to $33.4 million.
Quantum Computing Stock Surges Amid Sector Rally, Despite Missing Federal Grant List
Quantum Computing Inc. (QUBT) shares jumped 7.89% to $12.31 on Friday, lifted by a sector-wide rally following the U.S. Commerce Department's $2.013 billion quantum funding announcement, though QUBT was not named among the award recipients.
IonQ Shares Surge 12% as Quantum Stocks Rally on $2B Federal Funding
IonQ shares rose 12.24% to $58.89 as quantum stocks rallied on $2.013B in federal incentives, though IonQ wasn't among direct awardees.
Bezos Calls for Eliminating Federal Income Tax for Bottom Half of Earners, Clashes with NYC Mayor
Jeff Bezos advocates for eliminating federal income taxes for the bottom half of U.S. earners, opposing NYC Mayor Mamdani's proposed tax on luxury second homes. The tax policy debate intensifies.
Rigetti Computing Surges on $2B Federal Quantum Grant Program
Rigetti Computing shares surged 13.2% premarket Thursday following reports of a $2 billion federal quantum computing grant program, with $100 million earmarked for the company. Q1 revenue hit $4.4 million but operating losses expanded.
White House Weighs Federal Gas Tax Suspension as Pump Prices Soar Past $4.50
The Trump administration is open to suspending the federal gasoline tax as U.S. average prices hit $4.52/gallon, up over $1 from last year, with supply constraints tied to the Iran war and Strait of Hormuz disruptions.
Canada Targets Crypto ATMs and Establishes Federal Financial Crimes Agency
Canada plans to ban cryptocurrency ATMs and establish a new Financial Crimes Agency with police powers, citing over C$704 million in fraud losses in 2025.
Spirit Airlines Faces Imminent Closure After $500M Federal Rescue Fails
Spirit Airlines is preparing to shut down after failing to secure a $500 million U.S. bailout, jeopardizing over 17,000 jobs and billions in claims.
KPMG Exits Federal Audit After Losing Pentagon Contract
KPMG will wind down its US federal audit unit after losing a $60 million Pentagon contract, reassigning over 450 employees. The Pentagon is consolidating audits to achieve a clean opinion by 2028.
Enbridge's C$4B Sunrise Pipeline Gets Federal Go-Ahead
Enbridge secures Canadian approval for its C$4 billion Sunrise Expansion, adding 300 million cubic feet per day of gas capacity and supporting LNG exports.
Spirit Airlines Seeks Federal Equity Stake to Avoid Liquidation
Spirit Airlines is negotiating a potential federal equity investment to secure emergency funding, with rising jet fuel expenses threatening its solvency. The budget carrier faces liquidation risk without immediate relief.
NuScale Volatile on Federal Nuclear Loan Signals, Space Reactor Initiative
NuScale Power shares experienced significant volatility Thursday, surging to $13.23 before retreating to $11.52, following policy developments supporting nuclear energy. The U.S. government signaled potential federal loan backing for initial reactor projects and initiated a space-reactor program.
Archer Aviation Shares Drop Despite Federal eVTOL Program Inclusion
Archer Aviation shares declined 4.3% to $5.76, with market concerns over its financial losses and capital requirements outweighing news of its inclusion in a federal advanced air mobility program.
CISA Mandates Federal Patch for Critical Broadcom VMware Flaw
U.S. cybersecurity authorities have mandated federal agencies patch a critical command-injection vulnerability in Broadcom's VMware Aria Operations software by March 24. Broadcom has released patches but cannot confirm reports of active exploitation.