Corporate America’s warnings of a financial catastrophe if Congress fails to raise the debt ceiling are falling on deaf ears among former GOP allies.

Fyre Festival creator Billy McFarland, who served time for the failed festival, is now promoting his new venture. NBC’s Steven Romo has more as some of McFarland’s former employees are already sounding the alarm over his latest project. 

Tesla CEO Elon Musk took the witness stand again Monday in a trial over whether he purposefully misled investors when he tweeted that he had “secured” funding to take the electric car maker private.

Microsoft says it is making a “multiyear, multibillion dollar investment” in the artificial intelligence startup OpenAI, maker of ChatGPT and other tools that can write readable text and generate new images.

From looking over your year-end credit card statements to reevaluating your budget, these financial strategies can help reboot your wallet in the new year.

Spotify said on Monday it plans to cut 6% of its workforce and would take a related charge of up to nearly $50 million, that would add to the massive layoffs in the technology sector in preparation for a possible recession.

Disney’s “Avatar: The Way of Water” has topped $2 billion at the global box office, making it the third James Cameron film to reach this benchmark.

It came off as a rare moment of candor for the airline industry on Wednesday, when United Airlines CEO Scott Kirby told analysts and reporters that after a year of constant disruptions, including canceled and delayed flights, lost luggage and worse, passengers could expect more of that in 2023.

Abbott Laboratories is under investigation by the U.S. Department of Justice over baby formula.

Elizabeth Holmes, the founder of disgraced biotech firm Theranos, was still in possession of a one-way ticket to Mexico shortly after she was convicted of fraud last January, prosecutors said Thursday.