Bolt CEO Ryan Breslow explains his troubled $30M personal loan, announces new ‘super app’

Bolt’s controversial co-founder Ryan Breslow, who returned as CEO earlier this month, spoke on Monday about the $30 million personal loan he took out of his company that sparked legal battles and contributed to his (temporary) ouster. Breslow also announced that Bolt will launch an “everything app” that will integrate one-click checkouts for everything from … Read more

Major US airlines warn demand is slowing

The major U.S. airlines thought they were going to have a strong first quarter, but things are not going as well as expected. Each of the major U.S. airlines has put out guidance pointing to significant economic uncertainty that is directly affecting their domestic bookings this spring. For its part, Delta was sure this would … Read more

Did a top Trump administration official lie about mass firings? A federal judge wants to know

A federal judge is requiring the head of the Office of Personnel Management (OPM) to testify on Thursday about the mass firing of probationary employees, setting up a legal standoff that could potentially result in the reinstatement of thousands of government workers. A group of federal unions has alleged that OPM Acting Director Charles Ezell … Read more

Perkins Coie files suit to block Trump executive order aimed at punishing firm

The law firm Perkins Coie has filed suit against the Trump administration over an executive order signed by President Donald Trump last week that targeted the firm for its work representing Hillary Clinton’s 2016 campaign. Attorneys representing Perkins Coie filed the lawsuit on Tuesday in the U.S. District Court for the District of Columbia, along … Read more

Tariffs could impact longstanding electricity trade between US and Canada

The tariffs the Trump administration is imposing on Canada could disrupt the longstanding trade of electricity between the United States and its northern neighbor, effectively raising energy bills in multiple U.S. states. President Donald Trump ignited a trade war on Canada and Mexico immediately upon taking office, announcing on Inauguration Day that he expected to … Read more