U.S. Federal Housing Finance Agency Director William Pulte is calling for Federal Reserve System board of governors chair Jerome Powell to resign. “Because President Trump has crushed inflation, Fed Chairman Jerome Powell needs to lower interest rates today, and if not Chairman Powell needs to resign, immediately. Fannie Mae and Freddie Mac can help so […] ...
Tag: financial news
Trump’s top tech expert warns US can’t get complacent in AI competition with ChinaTrump’s top tech expert warns US can’t get complacent in AI competition with China
Providing an update on where the U.S. stands in an infrastructure race with China, Trump administration artificial intelligence (AI) and crypto czar David Sacks cautioned that America isn’t guaranteed to win. “The competition with China is fierce. China is a significant competitor in AI,” Sacks said on “Mornings with Maria” Friday. “But China is doing […] ...
Meta partners with Oakley to launch AI-powered performance glassesMeta partners with Oakley to launch AI-powered performance glasses
Tech giant Meta on Friday announced it is partnering with Oakley to launch new performance glasses powered by artificial intelligence (AI). Meta and Oakley are developing a new category of sports performance AI glasses called Oakley Meta glasses, which combines Oakley’s design with Meta’s technology to give people wearing the glasses more insight into their physical […] ...
Social media app leverages AI to help users make real-world friendsSocial media app leverages AI to help users make real-world friends
If someone is having trouble making friends, a new social media app leveraging artifical intelligence may be able to help with that. It is called Pie, a platform designed by entrepreneur and one of the co-founders of Bonobos, Andy Dunn, to foster real-world friendships through curated group experiences and smart matching technology. It developed from […] ...
Billionaire Telegram CEO reveals plans to divide wealth among more than 100 childrenBillionaire Telegram CEO reveals plans to divide wealth among more than 100 children
Billionaire and Telegram CEO Pavel Durov revealed on Thursday that he plans to make “no difference” between his over 100 children when it comes to who will inherit his $14 billion fortune. Many of these children came from anonymous sperm donations. The messaging app founder spoke to the French magazine Le Point about several topics, […] ...
Americans face vastly different retirement costs across states as Social Security cuts loomAmericans face vastly different retirement costs across states as Social Security cuts loom
Retirement remains top of mind for many Americans, whether they are approaching their so-called “golden years” or have many years to go before leaving the workforce. How much money a person needs to have saved to retire without financial stress is an important consideration in the retirement preparation process, and that can vary depending on […] ...
Five years after George Floyd protests, top companies change their tune on DEIFive years after George Floyd protests, top companies change their tune on DEI
After George Floyd’s death in 2020, many of America’s top companies committed unprecedented sums of cash and promised policy changes, all geared towards racial justice. Now, five years later, after a cultural backlash, many of these same companies have since reversed course on DEI. George Floyd, a 46-year-old Black man, died on May 25, 2020, […] ...
Trump claims federal holidays cost ‘billions’ as Americans observe JuneteenthTrump claims federal holidays cost ‘billions’ as Americans observe Juneteenth
President Donald Trump lamented that there were too many “non-working holidays” on Thursday, as Americans across the country observed Juneteenth. “Too many non-working holidays in America,” Trump’s Truth Social post read. “It is costing our Country $BILLIONS OF DOLLARS to keep all of these businesses closed.” The president went on to claim that Americans “don’t […] ...
Larry Kudlow: Federal Reserve groupthink is a bureaucratic diseaseLarry Kudlow: Federal Reserve groupthink is a bureaucratic disease
As Breitbart’s John Carney put it, the Federal Reserve has gone to war against tariffs. Unlike the Middle East, this is a phony war. The Fed stubbornly refuses to lower its target rate, because they have decided that Mr. Trump’s tariffs will increase inflation. So I ask, what exactly is your model of tariff inflation? […] ...
US created eye-popping number of new millionaires in 2024, report findsUS created eye-popping number of new millionaires in 2024, report finds
The U.S. had new millionaires emerge at quite a clip last year. UBS said its Global Wealth Report, released Wednesday, found America gained more than 379,000 new millionaires in 2024. It notched the biggest increase in new millionaires “in absolute growth terms” out of the dozens of markets that UBS looked at around the world last […] ...
John Paul Mitchell Systems to relocate headquarters from California to TexasJohn Paul Mitchell Systems to relocate headquarters from California to Texas
John Paul Mitchell Systems, a top manufacturer of hair care products and tools, is moving its headquarters from California to Dallas, Texas, and will establish a new global distribution center. The relocation of the company — which distributes its products to more than 30 countries under brands like Tea Tree, Paul Mitchell and Neuro — […] ...
Dallas Cowboys cheerleaders reveal 400% pay increase in new season of Netflix seriesDallas Cowboys cheerleaders reveal 400% pay increase in new season of Netflix series
The Dallas Cowboys cheerleaders are finally getting a significant bump in pay after years of lobbying. Four-year veteran Megan McElaney revealed in the second season of the Netflix series “America’s Sweethearts: Dallas Cowboy Cheerleaders,” which began streaming on Wednesday, that the squad members are getting a 400% increase in pay. CLICK HERE FOR MORE SPORTS COVERAGE ON […] ...
Pope Leo takes on AI as a potential threat to humanityPope Leo takes on AI as a potential threat to humanity
Two days into his reign, the new American pope spoke softly to a hall full of red-capped cardinals and invoked the digital-age challenge to human dignity he intended to address with the power of his 2,000-year-old office: artificial intelligence. The princes of the Catholic Church listened intently as Pope Leo XIV laid out his priorities […] ...
National security concerns linger on Capitol Hill as Americans keep scrolling under Trump’s TikTok extensionNational security concerns linger on Capitol Hill as Americans keep scrolling under Trump’s TikTok extension
President Donald Trump signed an executive order Thursday extending TikTok’s deadline to find a U.S. buyer by an additional 90 days. It’s the third extension issued by the White House this year, and while TikTok’s more than 170 million American users and 7.5 million U.S. businesses can breathe a sigh of relief, reactions are mixed […] ...
Lakers star Luka Dončić speaks on historic $10 billion ownership transfer: ‘Excited about the future’Lakers star Luka Dončić speaks on historic $10 billion ownership transfer: ‘Excited about the future’
One of the Los Angeles Lakers‘ top stars commented on the historic, $10 billion deal made by the Buss family to transfer majority ownership to Mark Walter. Luka Dončić posted on X, saying he’s looking forward to meeting with Walter, who also serves as chairman and controlling owner of the Los Angeles Dodgers. “The Lakers […] ...
OpenAI CEO accuses Meta of offering $100 million bonuses to poach employeesOpenAI CEO accuses Meta of offering $100 million bonuses to poach employees
Meta has allegedly tried to recruit employees from competitor OpenAI by offering bonuses as high as $100 million, OpenAI CEO Sam Altman claimed on a podcast that aired Tuesday. “[Meta] started making giant offers to a lot of people on our team,” Altman said on the Uncapped podcast, which is hosted by his brother. “You […] ...
Classic airline, Pan Am, returns to the skies with special 12-day transatlantic journeyClassic airline, Pan Am, returns to the skies with special 12-day transatlantic journey
A trip honoring the legacy of Pan American World Airways is underway after a chartered jet bearing the historic airline’s branding took to the skies earlier in the week. The plane left John F. Kennedy International Airport in New York on Tuesday, kicking off a 12-day trip that came with a roughly $60,000 price tag […] ...
Nearly one-third of $36T national debt needs refinancing as Trump demands rate cutsNearly one-third of $36T national debt needs refinancing as Trump demands rate cuts
The Treasury Department will need to refinance nearly one-third of the more than $36 trillion in debt owed by the federal government, which serves as a backdrop to President Donald Trump’s repeated calls for the Federal Reserve to cut interest rates. A report by the Treasury’s Office of Debt Management for the second quarter of fiscal […] ...
Trump weighs ‘most consequential decision’ of presidency as Iran crisis deepens, ex-CIA station chief saysTrump weighs ‘most consequential decision’ of presidency as Iran crisis deepens, ex-CIA station chief says
As tensions between Israel and Iran escalate into open conflict, President Donald Trump has signaled that the United States may intervene both to support its ally Israel and to neutralize Iran’s advancing nuclear program. With diplomatic efforts having stalled for over two months, the prospect of military action is now under serious consideration. Former CIA […] ...
Starbucks will further align its menu with ‘MAHA’ initiative, RFK Jr. saysStarbucks will further align its menu with ‘MAHA’ initiative, RFK Jr. says
Starbucks’ top executive has agreed to further align its menu with the Trump administration’s health goals under its “Make America Healthy Again” initiative, according to Health and Human Services Secretary Robert F. Kennedy Jr. Kennedy, who has been examining the nation’s food system to address the root causes of childhood chronic disease, said in a […] ...
US manufacturing giant teases ‘big’ investment back into the American economyUS manufacturing giant teases ‘big’ investment back into the American economy
The CEO of one of America’s largest manufacturing and appliance companies detailed going “big” on its investments in the U.S. economy and its supply chain that could have “crucial” outcomes. “This year, we went big,” Whirlpool’s Marc Bitzer said on “Mornings with Maria” Thursday. “With tariffs now finally coming into place and our trust and […] ...
Southwest Airlines announces assigned seating option coming soonSouthwest Airlines announces assigned seating option coming soon
Southwest Airlines’ assigned seating is closer to becoming reality. The airline, known for its open seating policy, has released more information about when passengers can expect the change. “We are planning to begin offering booking for assigned and premium seating in the second half of 2025, and we are expected to begin operating with assigned […] ...
Deaths, pregnancy loss linked to recalled pasta sold at Walmart and KrogerDeaths, pregnancy loss linked to recalled pasta sold at Walmart and Kroger
Three deaths and one pregnancy loss are being attributed to a listeria outbreak linked to newly recalled “ready-to-eat” pasta sold at Walmart and Kroger. FreshRealm, which has production sites in California, Georgia and Indiana, says chicken fettuccine Alfredo products “may be adulterated with an outbreak strain” and is recalling products produced before June 17. The […] ...
NTSB issues urgent safety bulletin about engines found in some Boeing 737 Max jetsNTSB issues urgent safety bulletin about engines found in some Boeing 737 Max jets
The National Transportation Safety Board (NTSB) issued an urgent safety recommendation Wednesday to modify jet engines on Boeing’s 737 Max airplanes to prevent smoke from entering the cockpit or cabin in certain scenarios. The warning comes after two incidents involving Southwest Airlines planes equipped with CFM International LEAP-1B engines that experienced bird strikes in 2023. […] ...
NBA trophy designer crafts exclusive Michelob Ultra bottles with diamonds, real gold for title winnersNBA trophy designer crafts exclusive Michelob Ultra bottles with diamonds, real gold for title winners
The Oklahoma City Thunder are one win away from popping bottles in the locker room for the first time since making the move from Seattle. The SuperSonics won the NBA title in 1979, but when Kevin Durant, Russell Westbrook and James Harden made up the new Big 3 in Oklahoma City, the newest fan base […] ...