Tag: economy

Federal Reserve Chairman Jerome Powell returns to Capitol Hill on Wednesday for the second of two days of testimony. He will sit before the Senate Banking Committee, where he’s expected to face tough questions from Republican and Democratic senators.  The appearance follows Powell’s testimony Tuesday before the House Financial Services Committee, where he addressed inflation, […] ...

Nvidia CEO Jensen Huang disclosed the sale of 100,000 shares of the company’s stock on Friday and Monday, according to filings with the Securities and Exchange Commission (SEC). Huang’s stock sales were valued at roughly $15 million, with shares trading in a range of $142.50 to $145.63 during the trading sessions on Friday and Monday. The […] ...

General Motors CEO Mary Barra has publicly cozied up to the Trump administration in recent months, including promoting a major investment in the United States last week, but her tenure at the company has included several examples of the company shipping production and jobs overseas.  “I’m actually looking forward to working with the president and […] ...

E-commerce giant Amazon is investing more than $4 billion to triple the size of its delivery network by 2026 with a focus on expanding delivery services across rural America. Tens of millions of U.S. customers in more than 4,000 smaller cities, towns and rural communities will get access to same-day and next-day delivery by the […] ...

Shopping for a home can be challenging, but looking for one in a real estate market that’s more favorable to buyers can help ease that pain.  Realtor.com reported Monday that a handful of cities stood out in May as being the most “buyer-friendly,” offering ample inventory and plenty of homes with reduced prices.  Cities in […] ...

New York City mayoral candidate Zohran Mamdani’s plan to create a network of city-owned grocery stores to drive down food costs is facing pushback from the industry, with the head of a Manhattan-based grocery chain threatening to sell or close the business if Mamdani is elected.  John Catsimatidis, the CEO of grocery chain Gristedes, found […] ...

Krispy Kreme said on Tuesday that it will no longer sell its doughnuts at McDonald’s restaurants after the partnership failed to deliver cost-effective results for the doughnut maker. “Ultimately, efforts to bring our costs in line with unit demand were unsuccessful, making the partnership unsustainable for us,” Krispy Kreme CEO Josh Charlesworth said in a […] ...

As President Donald Trump’s July 4 deadline to pass his “big, beautiful bill” ticks closer, it doesn’t look like Congress will be leaving Capitol Hill anytime soon in the midst of a high-stakes workplace environment. Via a Truth Social post Tuesday morning, the president announced that not a single lawmaker is permitted to take their […] ...

The House of Representatives voted along bipartisan lines to quash a lone progressive lawmaker’s bid to impeach President Donald Trump Tuesday afternoon. Lawmakers agreed to table the measure in a 344–79 vote. A vote to table is a procedural mechanism allowing House members to vote against consideration of a bill without having to vote on […] ...

President Donald Trump pressured Congress to pass the “BIG, BEAUTIFUL BILL” as soon as possible on Tuesday, while also continuing to lob broadsides against Rep. Thomas Massie, R-Ky. “Now that we have made PEACE abroad, we must finish the job here at home by passing “THE GREAT, BIG, BEAUTIFUL BILL,” and getting the Bill to […] ...

The U.S. Navy used its munitions at an “alarming rate” to defend Israel from recent Iranian strikes, a military official said Tuesday, raising questions from lawmakers about how it intends to replace and maintain stockpiles amid global threats. Admiral James Kilby, Naval Operations acting chief, made the remark in his testimony during a Senate Appropriations […] ...

EXCLUSIVE: At least five more Iranian nationals were arrested on Monday in addition to the 11 announced by the Department of Homeland Security on Tuesday morning. On Monday, 45-year-old Mohammad Hassanpoor was arrested by officers in Baltimore and given a “Third County Notice.” He was previously criminally convicted of “assault with a deadly weapon or […] ...

More Americans say they oppose rather than support this past weekend’s U.S. military strike on Iran’s nuclear facilities, according to a new national poll. However, the Reuters/Ipsos survey points to a wide partisan divide, with most Republicans supporting President Donald Trump’s decision to launch aerial attacks against Iran in order to prevent the Islamic State […] ...

Attorney General Pam Bondi spoke about the Department of Justice’s (DOJ) efforts to protect religious freedom rights during a House hearing Monday and indicated to lawmakers that she was focused on a range of religions, from Judaism to Islam.  “It’s not only Catholics, it’s every religion, and even mosques that were slow-walked under the Biden […] ...

A longtime family farm in Cranbury, New Jersey, is at risk of being seized by the town through eminent domain.  The situation with the farm owned by brothers Christopher and Andy Henry, which has been in their family for 175 years, recently drew notice from U.S. Department of Agriculture Secretary Brooke Rollins.  Rollins said on […] ...

EXCLUSIVE – With the Iran situation intensifying, senators will put forward a bill Tuesday that creates the “Golden Dome” missile defense system modeled off Israel’s Iron Dome that President Donald Trump asked for at the beginning of his term. Sens. Dan Sullivan, R-Alaska, and Kevin Cramer, R-N.D., came together to craft the Ground & Orbital […] ...

Online job listing company CareerBuilder + Monster filed for Chapter 11 bankruptcy protection on Tuesday. The Chicago-based company, formed by the September merger of CareerBuilding and Monster,  said it agreed to sell its job board operations, its most recognizable business, to JobGet, which has an app for so-called gig workers. Monster, the older of the […] ...

President Donald Trump dared progressive “Squad” member Rep. Alexandria Ocasio-Cortez, D-N.Y., to try and impeach him over the U.S. strikes on Iranian nuclear facilities, after she had suggested such a measure. “Stupid AOC, Alexandria Ocasio-Cortez, one of the ‘dumbest’ people in Congress, is now calling for my Impeachment, despite the fact that the Crooked and […] ...

South Carolina Attorney General Alan Wilson, an adopted son of U.S. Rep. Joe Wilson, R-S.C., has announced a Palmetto State gubernatorial bid. “As your governor, we’ll deliver meaningful relief to hard-working people. We’re going to finally eliminate the state income tax,” Wilson, who has served as the state’s attorney general since 2011, said during a […] ...

Andrew Cuomo is aiming to pull off the biggest political comeback since President Donald Trump won back the White House last November. Cuomo, the former three-term New York State governor who resigned from office in 2021 amid multiple scandals, is the frontrunner of an 11-candidate field vying for heavily blue New York City’s Democratic Party […] ...

Electricity prices have surged over the past year, nearly doubling the overall inflation rate due to rising demand and increased investment in aging grid infrastructure.  Prices rose 4.5% in May on an annual basis, according to the Bureau of Labor Statistics’ consumer price index (CPI), a broad measure of the cost of everyday goods like […] ...

Federal Reserve Chair Jerome Powell said that the economy is in a “solid position” as the central bank monitors inflation and labor market data for signs that it needs to adjust monetary policy. “Despite elevated uncertainty, the economy is in a solid position. The unemployment rate remains low, and the labor market is at or near […] ...

Markets are beginning to feel some degree of relief as conflict in the Middle East leans in the direction of resolution, according to the chairman and CEO of one of America’s biggest banks. “I think it was a pretty quick back and forth over the last couple weeks, but I think the market loves resolution,” […] ...

President Donald Trump cleared China to purchase Iranian oil on Tuesday, eliminating longstanding sanctions limiting the trade relationship. Trump announced the move in a social media post while flying to Europe on Air Force One, adding that he hopes China will also purchase “plenty” of oil from the U.S. “China can now continue to purchase […] ...

One of the largest U.S. residential real estate brokerage firms is taking on real estate giant Zillow over “consumer choice.” On Monday, real estate brokerage Compass filed a 60-page complaint in Manhattan federal court, claiming that Zillow is improperly refusing to list homes on its site that were first listed elsewhere. “The Zillow Ban seeks […] ...