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Can Trump Fix FTC, DOJ Abuses?
At now-President-elect Donald Trump's 2024 campaign rallies, attendees would hold "Trump Will Fix It" signs. Here's hoping the antitrust policy that President Joe Biden excessively politicized is one of those "its."
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Trump's 10-Step Plan to Fire Corrupt, Deep State Fraudsters
In an older viral video, President Donald Trump outlined a 10-step plan aimed at "reclaiming democracy" and curbing what he perceives as deep-seated corruption within the federal government.
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US Targets Russia's Gazprombank With New Sanctions
The U.S. imposed fresh sanctions on Russia's Gazprombank on Thursday, the Treasury Department said, wielding its most powerful sanctioning tool against the bank as President Joe Biden steps up actions to punish Moscow for its invasion of Ukraine before leaving office in...
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Home Sales Rise in October, 1st Gain in 3 Years
Sales of previously occupied U.S. homes rose in October, the first annual gain in more than three years, with home shoppers encouraged by easing rates and a pickup in properties on the market.
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The Bull Market Has More Runway to Go
With this year's stock market gains so concentrated among the Big Tech companies with huge bets on Artificial Intelligence, markets were extraordinarily volatile before and after the election.
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Snowflake Surges 24% on AI Deal With Anthropic
Snowflake's shares surged more than 24% in premarket trading Thursday after the data analytics provider raised its annual product revenue forecast, signaling growing demand for cloud-based data storage and analytics.
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Archegos Hedge Fund Founder Bill Hwang Gets 18 Years in Prison
The founder of Archegos Capital Management, a hedge fund, was sentenced to 18 years in prison for securities and market manipulation fraud in a scheme that prosecutors said cost global investment banks billions of dollars.
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1 in 4 Americans Struggle to Cover Medical Costs
U.S. healthcare costs are among the world's highest, and 1 in 4 adults with health coverage struggle with high out-of-pocket costs, a new survey shows.The survey - by the Commonwealth Fund, a health-care focused think tank - finds that most people have coverage offered by...
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US Weekly Jobless Claims Unexpectedly Fall
The number of Americans filing new applications for unemployment benefits unexpectedly fell last week, suggesting that job growth likely rebounded in November after abruptly slowing last month amid hurricanes and strikes.
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Banana Taped to a Wall Sells for $6.2M at Sotheby's
A fresh banana taped to a wall - a provocative work of conceptual art by Italian artist Maurizio Cattelan - was bought for $6.2 million on Wednesday by a cryptocurrency entrepreneur at a New York auction, Sotheby's announced in a statement.
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Sterling Sags as 'Trump Bump' Lifts Dollar
The pound eased modestly against the dollar, which held firm Thursday, as investors remained laser-focused on who President-elect Donald Trump's Treasury Secretary pick might be and what that might mean for his policies on growth, trade and taxes.
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Futures Subdued on Nvidia, Geopolitical Tensions
U.S. stock index futures were subdued Thursday, as AI-heavyweight Nvidia's revenue forecast failed to impress investors while caution prevailed over escalating tensions between Russia and Ukraine.
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US Watchdog Issues Rule to Oversee Digital Wallets
Silicon Valley tech giants and others who together process more than 13 billion financial transactions annually through digital wallets and payment apps will be subject to government supervision, the U.S. Consumer Financial Protection Bureau said.
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Bitcoin Marches Toward $100K on Optimism Over Trump Crypto Plans
Bitcoin's march toward $100,000 gathered pace Thursday as investors bet a friendlier U.S. regulatory approach to cryptocurrencies under President-elect Donald Trump will unleash a boom era for the asset class.
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'Reagan' Film DVD Features Classic American Songs
After a successful box office run in theaters having grossed upward of $30 million since its late October opening, the movie Reagan is set to enter another anticipated distribution window this week with the release of its DVD.
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Future of CNBC, MSNBC Hazy After Split From NBC News
Comcast's corporate reorganization means that there will soon be two television networks with "NBC" in their name - CNBC and MSNBC - that will no longer have any corporate connection to NBC News.
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Lower Turkey Costs Set Table for Cheaper Thanksgiving Feast
Inflation-weary consumers should see the cost of their classic Thanksgiving dinner gobble less of their paychecks this year, largely because Americans are buying less of the meal's centerpiece dish, turkey.
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Bracing for Trump Tariffs, China's Xi Touts Trade at Global Summits
In his first global meetings since Donald Trump was reelected to lead the U.S., Chinese President Xi Jinping went on a diplomatic offensive, hedging against expected new tariffs and preparing to exploit potential future rifts between Washington and its allies.
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Nvidia Disappoints, Bitcoin Nears $100K
The prospect of slowing sales growth at AI juggernaut Nvidia and simmering worries over geopolitical tensions are keeping investors on edge but bitcoin keeps marching upward, undeterred, towards $100,000 on bets that Trump 2.0 will be crypto-friendly.
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DOJ Demands Google Divest Chrome to End Search Monopoly
U.S. prosecutors on Wednesday argued to a judge that Google must sell its Chrome browser, share data, and search results with rivals, and take a range of other measures to end its monopoly on online search.
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CEO Huang: Nvidia Will Work With Trump
Nvidia CEO Jensen Huang assured investors during an earnings call on Wednesday afternoon that the company is prepared to work with and adapt to any regulatory changes under the incoming Trump administration.
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Fla. Man Arrested in Alleged Plot to Blow Up NYSE
A Florida man who said his goal was to "reboot" and/or "reset" the U.S. government was arrested and charged Wednesday with attempting to blow up the New York Stock Exchange.
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Dr. Birx: We Need Low-Cost Healthy Food
Former White House COVID-19 response coordinator Dr. Deborah Birx gave Newsmax on Tuesday some suggestions to get local healthy food while also calling for an efforts to bring the cost of food down
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US Companies Stock Up Ahead of Trump's China Tariffs
With the threat of tariffs on Chinese goods looming, American businesses are scrambling to stockpile inventory, reevaluate sourcing, and brace for potential price hikes as they navigate a precarious trade environment under a second Trump administration.
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Mass Layoffs Part of Musk-Ramaswamy Govt Efficiency Plan
Elon Musk and Vivek Ramaswamy on Wednesday unveiled their plans for President-elect Donald Trump's government efficiency panel, saying they will identify thousands of regulations to eliminate that will justify "mass head-count reductions."