President Trump and his team are studying whether firing Federal Reserve Chair Jerome Powell is an option, according to National Economic Council Director Kevin Hassett. Though appointed by the president and approved by Congress, the Federal Reserve chair is an independent role. Powell was nominated to lead the Fed by Mr. Trump in 2017 and was […]
Trump is studying how to remove Fed Chair Powell, adviser says Read More »
The stock market will be closed on April 18 in observance of Good Friday. Both the New York Stock Exchange and the Nasdaq will pause operations for the religious holiday. Trading will resume on Monday, April 21 with normal hours from 9:30 a.m. to 4:00 p.m. EST. The closure will give Wall Street a brief
Is the stock market open today on Good Friday? Read More »
The battle between President Trump and Harvard University has moved to a new front, with the IRS now considering whether to revoke the Ivy League school’s tax-exempt status. A final decision has not yet been made by the IRS, CBS News’ Aaron Navarro reports. But the effort comes after Mr. Trump on Tuesday suggested that Harvard
Can the IRS strip Harvard of its tax-exempt status? Here's what to know. Read More »
Honda Motor this week said it is moving production of its Civic Hybrid hatchback from Japan to the U.S. The announcement comes amid a barrage of tariffs by the Trump administration, including a 25% levy on imports from Canada and Mexico and 25% auto tariffs. “We are currently dual-sourcing the Civic Hatchback Hybrid from our Indiana
Honda to shift Civic Hybrid production to U.S. from Japan Read More »
Greg Peters, Co-CEO of Netflix, speaks at a keynote on the future of entertainment at Mobile World Congress 2023. Joan Cros | Nurphoto | Getty Images Netflix executives messaged Thursday that all is well with the business in the face of economic turbulence. But its full-year outlook tells a slightly more nuanced story. Netflix posted
Netflix maintained its 2025 guidance. That may not be the sign of confidence it seems Read More »
The federal food stamp program is facing scrutiny in some states that want to block enrollees from using their government benefits to buy soda and candy. Three Republican-led states — Arkansas, Idaho and Indiana — on Tuesday moved to ban purchases of soda and candy with benefits provided by the Supplement Nutrition Assistance Program (SNAP).
Some states want to ban food stamp recipients from buying soda and candy Read More »
As ongoing inflation continues to deplete household budgets, perhaps nowhere is the pinch felt more strongly than in grocery aisles. However, depending on where you live, the pain can be sharper than in other areas. That’s according to a new study from SmartAsset which reveals notable fluctuations in grocery price increases from city to city. The financial technology
Grocery prices continue to rise, but increases vary from city to city Read More »
Eli Lilly and Co., the maker of Zepbound and Mounjaro, announced success Thursday of its Phase 3 clinical trial for a once-daily GLP-1 pill — an oral form of the blockbuster medication used for diabetes and weight loss. The trial of the drug, orforglipron, measured its efficacy and safety in adults with Type 2 diabetes
GLP-1 pill shows success for diabetes, weight loss, Eli Lilly says Read More »
Google has been branded an abusive monopolist by a federal judge for the second time in less than a year, this time for illegally exploiting some of its online marketing technology to boost the profits fueling an internet empire currently worth $1.8 trillion. The ruling issued Thursday by U.S. District Judge Leonie Brinkema in Virginia
Google's digital ad network an illegal monopoly, judge rules Read More »
Shein and Temu, two popular Chinese e-commerce sites known for their low-cost items, say they will raise prices for U.S. consumers starting next week, a move that comes amid President Trump’s 145% tariff on imports from China and the end of a trade loophole. The sites are popular with U.S. shoppers because of their low
Shein, Temu will raise prices next week as a trade loophole closes Read More »
