Federal Reserve Chair Jerome Powell has faced significant criticism from the Trump administration over the central bank’s stance on holding interest rates steady in recent months, and the president is reportedly considering a member of his Cabinet as Powell’s successor. Powell has less than a year remaining in his term as Fed chair, which is due […] ...
Tag: economy
Foreign nationals can now join waitlist for Trump’s $5M fast-track to US citizenshipForeign nationals can now join waitlist for Trump’s $5M fast-track to US citizenship
Foreign nationals with an extra $5 million can now register to be notified about when they can sign up to receive a fast pass to U.S. citizenship, also known as the “Trump Card.” President Donald Trump shared information about the program on Truth Social Wednesday night. “FOR FIVE MILLION $DOLLARS, THE TRUMP CARD IS COMING!” […] ...
Major Hollywood studios sue AI company over copyright infringement in landmark moveMajor Hollywood studios sue AI company over copyright infringement in landmark move
Two major Hollywood studios are suing Midjourney, a popular AI image generator, over its use and distribution of intellectual property. Disney and NBCUniversal (NBCU) have teamed up to file a complaint against the AI image company. The complaint, filed in the Central District of California federal court in Los Angeles, cited what it said were […] ...
Embattled DNC vice chair decides not to run after diversity re-vote calledEmbattled DNC vice chair decides not to run after diversity re-vote called
David Hogg, the 25-year-old progressive firebrand, will not compete in the new Democratic National Committee (DNC) vice chair elections that were decided today after a majority of members voted for a new election. After three days of submitting electronic ballots, DNC members voted to uphold the Credentials Committee’s resolution proposed by longtime Democratic Party activist […] ...
JPMorgan CEO Jamie Dimon warns economic conditions may deteriorate soonJPMorgan CEO Jamie Dimon warns economic conditions may deteriorate soon
JPMorgan Chase CEO Jamie Dimon issued a new warning about the U.S. economy, saying that conditions could deteriorate soon and undermine a potential soft landing. “I think there’s a chance real numbers will deteriorate soon,” Dimon said Tuesday at a Morgan Stanley conference. Dimon pushed back on suggestions that economic surveys showing diminished business and consumer […] ...
Grocery chain’s distributor suffers cyberattack, disrupting operationsGrocery chain’s distributor suffers cyberattack, disrupting operations
United Natural Foods Inc., a distributor for Whole Foods and other grocers, disclosed this week that it suffered a cyber incident, causing temporary disruptions in its operations. The company announced the cyber incident on Monday, saying in a Securities and Exchange Commission filing it had detected “unauthorized activity” on certain information technology systems on June […] ...
McDonald’s McCrispy Strips receive mixed reviews as analyst questions impact on upcoming Snack WrapMcDonald’s McCrispy Strips receive mixed reviews as analyst questions impact on upcoming Snack Wrap
McDonald’s recently added McCripsy Strips to its U.S. menu and, according to one analyst, they might not be hitting the mark with all customers. The fast-food giant first launched the McCrispy Strips in late April, with all participating restaurants across the country selling them by May 5. The company said in an April 24 press […] ...
States take legal action as 23andMe attempts to sell customer genetic information amid bankruptcyStates take legal action as 23andMe attempts to sell customer genetic information amid bankruptcy
Bankrupt 23andMe is facing a lawsuit over its plans to sell customer genetic information. Twenty-seven states and the District of Columbia took legal action this week against 23andMe in the U.S. Bankruptcy Court for the Eastern District of Missouri, the court overseeing the Chapter 11 bankruptcy proceedings that the genetic testing company entered earlier in […] ...
ICE ramps up arrests of convicted criminals as riots rage in blue city: ‘You will not stop us’ICE ramps up arrests of convicted criminals as riots rage in blue city: ‘You will not stop us’
The Department of Homeland Security announced that several convicted criminals who are in the United States illegally were arrested as part of Immigration and Customs Enforcement operations in Los Angeles on Monday and Tuesday. The ICE operations in Los Angeles triggered protests and riots in parts of the city, and President Donald Trump deployed National […] ...
GM doubles down on American manufacturing with $4B investmentGM doubles down on American manufacturing with $4B investment
General Motors is investing $4 billion in its U.S. plants over the next two years to boost the manufacturing of gas and electric vehicles. With the multibillion-dollar investment, the Michigan-based automaker will be able to assemble more than 2 million vehicles per year in the U.S. The latest investment comes just two weeks after the […] ...
Vance echoes Trump’s call for Fed’s Powell to cut interest rates: ‘Monetary malpractice’Vance echoes Trump’s call for Fed’s Powell to cut interest rates: ‘Monetary malpractice’
Vice President JD Vance on Wednesday echoed President Donald Trump’s calls for the Federal Reserve to cut interest rates. “The president has been saying this for a while, but it’s even more clear: the refusal by the Fed to cut rates is monetary malpractice,” Vance wrote in a post on X. Trump on Wednesday repeated […] ...
Treasury chief says ‘remains to be seen’ if Trump tax bill will add to $36T national debtTreasury chief says ‘remains to be seen’ if Trump tax bill will add to $36T national debt
Treasury Secretary Scott Bessent suggested there could be a chance that President Donald Trump’s “one big, beautiful bill” may add to the $36 trillion national debt. Bessent appeared before the House Ways & Means Committee on Wednesday, a hearing that Democrats used to sharpen their attacks against Republicans’ massive Trump agenda bill. At one point, […] ...
Kevin O’Leary reveals the hidden cost of LA riots that’s hurting small businessesKevin O’Leary reveals the hidden cost of LA riots that’s hurting small businesses
“Shark Tank” investor Kevin O’Leary described Los Angeles as a “war zone” with “horrific” consequences for small businesses while weighing in on the anti-ICE riots plaguing the deep blue city on Wednesday. “If you’re a small business… and you see these images of windows being smashed, cars burnt, baseball bats on someone’s property, this is […] ...
New study exposes green energy org’s ties to CCP interests while undermining USNew study exposes green energy org’s ties to CCP interests while undermining US
FIRST ON FOX: A national security-focused nonprofit organization has released a comprehensive report detailing the workings of a well-funded nominally U.S.-based organization that it says is undermining American energy, pushing left-wing green initiatives and ultimately advancing Chinese interests. The report, published by State Armor, outlines the money trail of Energy Foundation China (EFC), registered as a […] ...
Inflation increased slightly on an annual basis in MayInflation increased slightly on an annual basis in May
Inflation increased slightly in May and remained above the Federal Reserve’s target rate ahead of the central bank’s next meeting this month. The Bureau of Labor Statistics on Wednesday said that the consumer price index (CPI) – a broad measure of how much everyday goods like gasoline, groceries and rent cost – rose 0.1% in […] ...
Inter Milan partners with Fanatics to elevate fan experience for over 530M worldwideInter Milan partners with Fanatics to elevate fan experience for over 530M worldwide
FC Internazionale Milano, known globally as Inter or Inter Milan, and Fanatics have announced a new partnership that taps into the digital sports leader’s resources of e-commerce, retail, manufacturing and licensing for the famous soccer club. Inter is one of Italy’s most storied franchises, as well as an innovative brand, as shown by this partnership […] ...
US, China reach ‘framework’ to implement trade deal, Lutnick saysUS, China reach ‘framework’ to implement trade deal, Lutnick says
The U.S. and China have reached a “framework” to implement a trade deal struck between the two sides last month in Geneva, Commerce Secretary Howard Lutnick announced. The development comes after two days of meetings between negotiators in London and a phone call last week between President Donald Trump and Chinese President Xi Jinping. The […] ...
Goldman Sachs: Wealthy Americans to continue exodus from high-tax states even with higher SALT deductionGoldman Sachs: Wealthy Americans to continue exodus from high-tax states even with higher SALT deduction
A new analysis by Goldman Sachs finds that while lawmakers in Congress are weighing a higher cap on the state and local tax (SALT) deduction, those potential tax savings are unlikely to stop wealthier taxpayers from moving to states such as Florida and Texas. The report, authored by Goldman economists led by Jan Hatzius, noted that […] ...
Real estate giants crack down on exclusive ‘off-market’ home listings in major shift for buyersReal estate giants crack down on exclusive ‘off-market’ home listings in major shift for buyers
Two major real estate marketplaces are making big changes to what home listings can appear on their websites. Zillow and Redfin are both taking aim at listings of homes up for sale that have been publicly marketed prior to being entered into the multiple listing service (MLS), taking steps to bar them from their respective […] ...
Paramount slashes jobs as streaming wars intensifyParamount slashes jobs as streaming wars intensify
Paramount Global is trimming its U.S. workforce by 3.5% in a move to cut costs. The company’s plans to cut jobs were announced Tuesday by its three co-CEOs in a company-wide memo viewed by FOX Business. Co-CEOs George Cheeks, Chris McCarthy and Brian Robbins said in the message that Paramount was “taking the hard, but […] ...
LARRY KUDLOW: Law & order crushed L.A. riotsLARRY KUDLOW: Law & order crushed L.A. riots
Donald Trump chose criminal deportation, law and order, and tough-on-crime. California Democrats chose lawsuits and states’ rights. Who do you think won this latest round? I’d say Trump 10-Democrats 0. It’s just hard to believe that removing illegal alien criminals who have committed sexual assault and murders would be attacked by one of our two […] ...
Meta’s Zuckerberg aiming to dominate AI race with recruiting push for new ‘superintelligence’ team: reportMeta’s Zuckerberg aiming to dominate AI race with recruiting push for new ‘superintelligence’ team: report
Meta CEO Mark Zuckerberg is reportedly building a team of experts to develop artificial general intelligence (AGI) that can meet or exceed human capabilities. Bloomberg News reported Zuckerberg is looking to build a superintelligence team and is recruiting from a group of artificial intelligence (AI) researchers and engineers who he has been holding a series of […] ...
Fareed explains why AI’s massive energy demands are straining the power grid, but also why AI could enable big breakthroughs in sustainability and clean energy. ...
Vice President Kamala Harris, a former US senator from California who previously served as the state’s attorney general, could be the first Black woman and Asian American to lead a major party ticket after receiving President Joe Biden’s support to become the next Democratic presidential nominee. ...