Economy
Schumer presses Trump to negotiate with Democrats as government shutdown deadline nears
Senate Democratic Leader Chuck Schumer on Sunday urged President Donald Trump to meet with Democrats to strike a deal to avoid a government shutdown as the funding deadline looms. “I hope and pray that Trump will sit down with us and negotiate a bipartisan bill,” Schumer said on CNN’s “State of the Union,” days before […]
Read More
Trump says Murdochs are potential TikTok deal partners
U.S. President Donald Trump speaks in the Oval Office at the White House in Washington, D.C., U.S., Sept. 19, 2025. Ken Cedeno | Reuters President Donald Trump said in an interview that aired Sunday that conservative media baron Rupert Murdoch and his son Lachlan are likely to be involved in the proposal to save TikTok in […]
Read More
Big Tech companies, foreign governments scramble after Trump slaps $100,000 annual fee on H-1B visas
U.S. President Donald Trump speaks as he sits next to a “Trump Gold Card” sign, in the Oval Office at the White House in Washington, D.C., U.S., Sept. 19, 2025. Ken Cedeno | Reuters Major technology companies and foreign governments are rushing to respond after President Donald Trump late Friday announced plans to impose a […]
Read More
Jimmy Kimmel’s fate at ABC still up in air as talks with Disney reportedly continue
Randy Holmes | Contributor | Getty Images Jimmy Kimmel’s fate at ABC is still up in the air as talks with Disney reportedly continue. The late-night host is in ongoing discussions with Disney and ABC executives about the conditions under which his long-running show “Jimmy Kimmel Live!” could return to air, according to Variety, which […]
Read More
Microsoft raises Xbox prices in U.S. due to economic environment
A gamer plays soccer title Pro Evolution Soccer 2019 on an Xbox console. Sezgin Pancar | Anadolu Agency via Getty Images Microsoft said on Friday that it will increase the recommended retail price of several Xbox consoles in the U.S. starting in October because of “changes in the macroeconomic environment.” The company said it would […]
Read More
Stocks making the biggest moves midday: Brighthouse Financial, Lennar, Apple, FedEx and more
Check out the companies making the biggest moves midday: Brighthouse Financial — The insurance company soared 26% after Bloomberg News reported, citing people familiar with the matter, that a group led by Aquarian Holdings was in talks to pay $65 to $70 per share for Brighthouse Financial. Scholastic — The publisher’s stock fell nearly 11%. […]
Read More
Miran says he doesn’t see tariffs causing inflation, putting him in minority on Fed committee
Key Points Federal Reserve Governor Stephen Miran told CNBC Friday that he doesn’t anticipate President Donald Trump’s tariffs will cause inflation. The governor also said that he believes Trump’s border policies will give rise to disinflation. Earlier this week, Miran dissented against the central bank cutting its key interest rate by a quarter percentage point. […]
Read More
Fed Governor Miran says he did not tell Trump how he would vote on rates this week
Key Points Fed Governor Stephen Miran told CNBC on Friday that he spoke only briefly to President Trump before this week’s interest rate decision and was not pressured on how to vote. Questions have arisen about potential conflicts for Miran taking a leave as head of the Council of Economic Advisers, rather than resigning. However, […]
Read More
Fed’s Kashkari advocates two more rate cuts this year as he sees limited tariff impact on inflation
Key Points Minneapolis Fed President Neel Kashkari said Friday that he expects tariffs to expert minimum long-term pressure on inflation, leaving room for multiple interest rate reductions ahead. Kashkari said a weakening labor market combined with the muted impact of the duties give him reason to advocate for at least a bit easier policy. Source
Read More
Germany was billed as Europe’s growth driver. Now economists are saying: Not so fast
German Chancellor Friedrich Merz addresses the Bundestag during a debate over the 2025 federal budget on September 17, 2025 in Berlin, Germany. Nadja Wohlleben | Getty Images News | Getty Images Huge investment pledges and major fiscal changes had bolstered hopes that Germany could give the euro zone economy a much-needed boost, but economists are […]
Read More