The Horn News

Proudly American, Fiercely Independent

Reddit set to make its stock-market debut

Reddit and its eclectic bazaar of online communities is ready to plumb high-stakes territory — the stock market. The company priced its IPO at $34 a share Wednesday and shares will begin trading Thursday on the New York Stock Exchange under the ticker symbol “RDDT.” The market debut is likely… Read More

Chipotle’s board has approved a 50-for-1 stock split, entailing…

In a rare move on Wall Street, Chipotle Mexican Grill’s board has approved a 50-for-1 stock split. In an announcement Tuesday, the burrito chain lauded the proposed split as one of the biggest in New York Stock Exchange history — while noting it believed the move would also boost accessibility… Read More

Bill Gates bets big on this A.I. guru

Microsoft has hired Mustafa Suleyman to head up its consumer artificial intelligence business, adding another influential figure to its pool of talent leading the charge to build a technology that Suleyman views as both as a boon and threat to humanity. Suleyman, co-founder of AI research lab DeepMind, said Tuesday… Read More

Trump Tower seized by Letitia James’ office!?

As Donald Trump stares down a Monday deadline to secure a $454 million bond related to the civil fraud penalty against him in New York, the former president and his team are said to be weighing an unconventional option – simply doing nothing and daring New York Attorney General Letitia… Read More

Hunter Biden business insiders come clean to Congress

The impeachment probe into President Joe Biden will escalate on Wednesday in a dramatic new way. Congressional Republicans are preparing for high-stakes public hearing featuring two former business associates of the president’s troubled son, Hunter Biden — including a current convict. The televised hearing before the House Oversight and Judiciary… Read More

JetBlue to drop some cities to focus on more profitable routes

JetBlue Airways will end service at several cities and reduce flying out of Los Angeles in a move to retrench and focus on stronger markets after years of losing money. The changes will also help the airline cope with the grounding of some of its planes for inspections of their… Read More

MacKenzie Scott donates $640 million, more than doubling her plans

Billionaire philanthropist and author MacKenzie Scott announced Tuesday she is giving $640 million to 361 small nonprofits that responded to an open call for applications. Yield Giving’s first round of donations is more than double what Scott had initially pledged to give away through the application process. Since she began… Read More

Joe Biden’s new Federal Reserve scandal

President Joe Biden has presided over a period of high inflation and, accordingly, a rapid rise in interest rates. Some past presidents — like Lyndon Johnson and Richard Nixon — bullied the Federal Reserve into keeping interest rates low during election years, but Biden has promised to “respect the Fed’s… Read More

This country just ended its negative interest rate policy

Japan’s central bank raised its benchmark interest rate Tuesday for the first time in 17 years, ending a longstanding policy of negative rates meant to boost the economy. The Bank of Japan’s lending rate for overnight borrowing by banks was raised to a range of 0 to 0.1% from minus… Read More