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U.S. Department of Transportation Secretary Sean Duffy and the Trump administration debuted the nation’s first-ever Advanced Air Mobility (AAM) National Strategy on Wednesday.This comes on the heels of efforts to usher in a golden age of travel and to make travel more family friendly. According to DOT, AAM is “a rapidly-emerging aerospace sector focused on safely and efficiently integrating highly automated aircraft into U.S. airspace.””AAM is not a single technology but rather a range of innovations—particularly new aircraft types that typically operate below 5,000 feet—to transport people and packages more efficiently than ever before,” says DOT. “Beyond aircraft, AAM requires…

President Donald Trump’s social media company, Trump Media & Technology Group (TMTG), said on Thursday that it’s merging with TAE Technologies, a Southern California-based company that has been chasing the dream of fusion power for nearly 30 years. The all-stock transaction, valued at more than $6 billion, would expand Trump Media’s presence into the nascent fusion power space while data centers clamor for more electricity amid the ongoing AI boom. Fusion industry insiders expressed curiosity over the deal and voiced concerns about potential conflicts of interest with the U.S. Department of Energy. Last week, industry representatives met with Energy Department officials,…

Leaders in Antigua and Barbuda and Dominica have issued statements in response to the Trump administration’s expanded travel ban this week.Announced on Tuesday, the expansion bans travelers from five additional countries and imposes partial restrictions or entry limitations on travelers from 15 new countries, including a pair of Caribbean destinations, Antigua and Barbuda, and Dominica. The new restrictions would take effect on January 1, 2026.Antigua and Barbuda Prime Minister Gaston Browne said island officials are “deeply disappointed that Antigua and Barbuda has been included in this proclamation on the stated ground that our Citizenship by Investment Program has historically operated…

The last decade is filled with examples of fintechs that have reshaped how U.S. businesses manage money. Brex simplified corporate cards. Ramp automated spend controls. Mercury rebuilt startup banking. But this wave of financial innovation has largely skipped one major part of the economy: nonprofits. Givefront, a YC-backed startup founded by 21-year-old Harvard dropout Matt Tengtrakool and UC Berkeley’s Aidan Sunbury, aims to change that. The company is building a financial platform designed specifically for nonprofits, including food banks, animal rescues, non-governmental organizations, churches, and homeowner associations. Nonprofits generate roughly 6% of the U.S. GDP and contribute trillions of dollars…

A week after Martin University announced it would “pause operations” at the end of the semester, the university terminated all staff and is encouraging students to transfer to other local colleges.In a meeting with staff on Monday, interim president Felicia Brokaw told employees the university was terminating them because it could not pay them. She also said the university had not submitted payroll because it did not have the funds to pay staff for hours they had already worked.“The reason why we’re doing a termination letter is so that I’m not digging deeper in debt,” Brokaw told staff, according to…

BUCHAREST, Romania (AP) — American rapper Wiz Khalifa was sentenced by a court in Romania on Thursday to nine months in jail for drug possession, more than a year after he took part in a music festival in the Eastern European country.Khalifa was stopped by Romanian police in July 2024 after allegedly smoking cannabis on stage at the Beach, Please! Festival in Costinesti, a coastal resort in Constanta County. Prosecutors said the rapper, whose real name is Cameron Jibril Thomaz, was found in possession of more than 18 grams of cannabis, and that he consumed some on stage.The Constanta Court…

The Lululemon logo can be seen on a store in Manhattan.Sven Hoppe | Picture Alliance | Getty ImagesActivist investor Elliott Investment Management has built a stake of more than $1 billion in Lululemon Athletica and is bringing a potential CEO candidate to the table, a person familiar with the matter told CNBC.Lululemon’s stock rose 6% in early trading Thursday. Last week, Lululemon announced CEO Calvin McDonald would step down effective Jan. 31, following a year-long performance slump for Lululemon. Elliott has been working with former Ralph Lauren CFO and COO Jane Nielsen as a potential candidate, according to the person,…

Andrew Davis (Photo Credit: MAST Travel Network)MAST Travel Network tapped travel industry veteran Andrew Davis as president and chief operating officer, replacing John Werner, who served as the consortium’s president for 25 years. Effective Jan. 2, Davis will assume responsibilities for overseeing “day-to-day operations while working closely with the board of directors to advance MAST’s long-term strategy,” the consortium said.On a more granular level, Davis will be responsible for “enhancing member experience, strengthening operation infrastructure, expanding strategic partnerships and supporting MAST’s long-term growth objectives while honoring the organization’s strong legacy and culture,” MAST said. Davis, a former travel advisor, spent…

As online platforms grapple with how to establish trust at a global scale and address growing concerns about authenticity, the adoption of profile verification on LinkedIn is picking up pace in 2025. India is emerging as the fastest-growing market for profile verification, highlighting the country’s expanding influence on how digital work networks operate. LinkedIn members are adding around 30 million verifications to their profiles each year, with adoption up more than 38% year-over-year in 2025, according to Oscar Rodriguez, LinkedIn’s vice president of trust products. The increase follows the company’s announcement last week that more than 100 million users have…

A shopper carries Nike bags in San Francisco, California, US, on Wednesday, Dec. 17, 2025. David Paul Morris | Bloomberg | Getty ImagesNike is expected to report earnings after the bell Thursday as Wall Street eyes the company’s progress in reigniting its business. The sneaker company is just over a year into CEO Elliott Hill’s turnaround strategy, focusing on regaining its growth and market share, clearing out old inventory and investing in wholesale relationships.Here’s what analysts are expecting for Nike’s second fiscal quarter of 2026, according to consensus estimates from LSEG:Earnings per share: 38 cents expectedRevenue: $12.22 billion expectedThe company…