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“It’s kind of like legalization of weed, right? If people want it, we should find a way to regulate it and do it safely.”

Hilton is the contrarian in a travel and hospitality sector that has been leaning into luxury as its primary growth engine.

Steyer, 68, founded Farallon Capital Management in 1986 in San Francisco. Much of his political giving has focused on climate change.

The Nord, a 466-foot vessel connected to Russian steel magnate Alexei Mordashov, is the 12th largest superyacht in the world.

Both Washington and Beijing now seek to maintain control of strategic technologies and prevent them from leaking to the other. 

With a fragile ceasefire in place, the U.S. and Iran are locked in a standoff over the strait, through which a fifth of the world’s traded oil and gas passes in peacetime.

Surging prices due to memory chip shortages have led to billions more in capital expenditures from Magnificent 7 companies—and many investors don’t like it.

CEO Mark Zuckerberg is planning to spend more on infrastructure in 2026 than Meta did in all of 2024 and 2025. Meta’s stock fell 6% in after-hours trading.

Rep. Jared Huffman of California said the administration is going to “light a lot of federal taxpayer money on fire if we let them.”