Month: February 2025
Markets pricing in only one rate cut this year as fears grow that tariffs will spark inflation
As investors grow more concerned about tariffs and the effect they could have on inflation, they are lowering their expectations even further for interest rate cuts out of the Fed this year. President Donald Trump is moving quickly to establish duties against the largest U.S. trading partners. Even with tariffs postponed against Canada and Mexico, […]
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Supreme Court lawyer Tom Goldstein rearrested as ‘serious’ flight risk after hiding cryptocurrency, prosecutors say
Tom Goldstein, a partner at the law firm of Akin Gump Strauss Hauer & Feld LLC, poses for a photo outside the Supreme Court in Washington, D.C., U.S., on Monday, Jan. 11, 2010. Stephen Voss | Bloomberg | Getty Images This is breaking news. Please refresh for updates. Source
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Google Calendar no longer includes start of Black History Month, Pride Month
The Google Calendar logo is displayed on a tablet. Igor Golovniov | Sopa Images | Lightrocket | Getty Images Google‘s popular online and mobile calendars no longer include reference to the first day of Black History Month or Women’s History month, among other holidays and events. The company’s calendar previously had those days marked at […]
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Man pleads guilty in hack of SEC’s X account that claimed approval of bitcoin ETFs
Omar Marques | Lightrocket | Getty Images An Alabama man pleaded guilty on Monday in federal court in connection with the January 2024 hack of the Securities and Exchange Commission’s X account, which was used to falsely claim that the SEC had approved exchange-traded funds for bitcoin. The man, 25-year-old Eric Council Jr., admitted to […]
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Trump gets high approval ratings for his first weeks, new CBS poll finds
Football – NFL – Super Bowl LIX – Philadelphia Eagles v Kansas City Chiefs – Caesars Superdome, New Orleans, Louisiana, United States – February 9, 2025 U.S. President Donald Trump salutes before the game Evelyn Hockstein | Reuters President Donald Trump received one of his highest job approval ratings in his decade-long political career, after […]
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Wall Street is souring on ‘Magnificent 7’ stocks after group’s worst earnings season since 2022
The “Magnificent Seven,” once Wall Street’s indisputable stalwart, is losing its shine with investors. The group — made up of Apple , Microsoft , Alphabet , Amazon , Nvidia , Meta Platforms and Tesla — led the market higher in the past few years amid growing investments around artificial intelligence. In the past 12 months, […]
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What the end of the penny means for the economy, your piggy bank, and the way America prices items
Talk to end the penny’s production has been bandied about for decades among government officials and economists. However, the talk became policy when, over the weekend, President Donald Trump ordered the Treasury to stop minting new pennies. “For far too long the United States has minted pennies which literally cost us more than 2 cents. This […]
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Trump to pause enforcement of law banning bribery of foreign officials
President Donald Trump speaks to members of the press in the Oval Office of the White House on Jan. 30, 2025. Kent Nishimura for The Washington Post | Getty Images President Donald Trump is set Monday to sign an executive order directing the Department of Justice to pause enforcing a nearly half-century-old law that prohibits […]
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How a CEO’s exit and a Jeep ‘comeback’ led to Stellantis being the only automaker to advertise during Super Bowl 59
Actor Harrison Ford touts Jeep and Americana while taking a dig at another Detroit automaker during Stellantis Stellantis DETROIT — A CEO’s exit, electric vehicles making the industry run around like “headless chickens” and a company’s U.S. revival all came together to make Ram and Jeep parent Stellantis the only automaker with a Super Bowl […]
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Trump, Musk actions put America at risk of ‘a form of default,’ former Treasury chiefs warn
Elon Musk walks on Capitol Hill on the day of a meeting with Senate Republican Leader-elect John Thune (R-SD), in Washington, U.S. December 5, 2024. Benoit Tessier | Reuters Five former Treasury secretaries warned Monday that recent actions at the Treasury Department by Trump administration officials and Elon Musk’s DOGE team raise “substantial cause for […]
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