Month: March 2025
Trump administration sued for ending union bargaining for TSA officers
Travellers process through a security checkpoint at Seattle-Tacoma International Airport before the Thanksgiving holiday in Seattle, Washington, U.S. November 24, 2021. Lindsey Wasson | Reuters Unions filed a lawsuit on Thursday seeking to block the Trump administration from ending collective bargaining for about 50,000 Transportation Security Administration officers that staff checkpoints at U.S. airports and other […]
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U.S. Postal Service will cut workforce by 10,000 after signing deal with Elon Musk’s DOGE
United States Postal Service vehicles seen in New York City on Feb. 13, 2025. Danielle DeVries | CNBC U.S. Postmaster General Louis DeJoy told Congress he signed an agreement with Elon Musk’s DOGE government reform team to provide assistance to the money-losing agency as it works to address “big problems.” USPS, an independent government agency […]
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Dr. Mehmet Oz may have underpaid Medicare and Social Security taxes, Senate Democratic memo finds
FILE PHOTO: Mehmet Oz speaks at his campaign rally in Pennsburg, Pennsylvania, on November 7, 2022. Caroline Gutman | The Washington Post | Getty Images Dr. Mehmet Oz, President Donald Trump’s nominee to oversee the Center for Medicare and Medicaid Services, may have “significantly” underpaid Medicare and Social Security taxes in recent years, according to […]
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Trump’s Treasury chief on 200% EU tariff threat: ‘Not sure why that’s a big deal’ for markets
U.S. Treasury Secretary Scott Bessent on Thursday said Wall Street should shrug off President Donald Trump’s latest threat to impose steep tariffs on foreign trading partners. Asked on CNBC’s “Squawk on the Street” about Trump’s threat to ratchet up tariffs on European alcohol, Bessent suggested the move should have little impact on stocks. “One or […]
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Intel pops 16% as chipmaker taps new CEO, Wall Street backs turnaround effort
Intel appoints Lip-Bu Tan as CEO. Courtesy: Intel Intel shares popped more than 16% after the struggling chipmaker named Lip-Bu Tan its new CEO and Wall Street cheered the turnaround attempt. Tan previously served as CEO of chip software maker and Intel supplier Cadence Design Systems, and will rejoin the board after departing last year. […]
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Comcast expands partnership with Olympics, extends media rights through 2036
Snoop Dogg attends the Artistic Gymnastics Women’s Qualification on day two of the 2024 Paris Olympic Games at Bercy Arena in Paris on July 28, 2024. Arturo Holmes | Getty Images Sport | Getty Images Comcast and the International Olympic Committee have agreed on a new deal that expands the company’s broadcast reach and extends […]
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New York AG announces bill to protect consumers from scams after Trump hobbles CFPB
Key Points New York Attorney General Letitia James on Thursday announced a bill to protect the state’s consumers and small businesses from scams and deceptive practices from lenders, debt collectors and health care firms. James said in a release that the legislation would bolster the state’s existing consumer protection law — which dates from 1970 […]
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Apple is having a really bad week. Here’s why
Apple is having a particularly rough week as its latest announcement has killed hopes that artificial intelligence would soon drive a new iPhone upgrade cycle. Wall Street is getting restless waiting for Apple to prove its artificial intelligence prowess, having been unimpressed for several months with the iPhone maker’s inability to develop an AI-powered product […]
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Nvidia’s next chips are named after Vera Rubin, woman who discovered dark matter
Jensen Huang, co-founder and CEO of Nvidia, displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference in San Jose, California, on March 18, 2024. David Paul Morris/Bloomberg via Getty Images Nvidia CEO Jensen Huang is expected to reveal details about Rubin, the chipmaker’s next AI graphics processor, on Tuesday at the company’s […]
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‘I’m not going to bend at all’: Trump doubles down on tariff plans as stocks sink
US President Donald Trump speaks to the press as he meets with NATO Secretary General Mark Rutte in the Oval Office of the White House in Washington, DC, on March 13, 2025. Mandel Ngan | Afp | Getty Images President Donald Trump on Thursday doubled down on his escalating tariff plans, even as his economic […]
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