Finance
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Senate confirms Stephen Miran's nomination to serve on Federal Reserve board
Miran's confirmation, which passed primarily in a party-line 48-47 split, comes ahead of a two-day meeting where the board is expected to consider lowering interest rates. The meeting begins on Tuesday.
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Apple won't raise price of next-gen devices despite tariffs
Apple follows Google's lead, holding prices steady for next wave of products
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Treasury Secretary Scott Bessent calls for review of Federal Reserve
Bessent argued that the core missions of the banking system are promoting full employment, stable prices and moderate long-term interest rates and that it has been distracted from these missions.
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Treasury Department sanctions alleged network of people helping secure weapons for Houthis
The network has procured tens of millions of dollars’ worth of commodities from Russia, including weapons, and stolen Ukrainian grain. The goods are then shipped to Yemen, which is under Houthi control.
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Stock market takes hit amid concerns over new Trump tariffs
The Dow Jones Industrial Average dropped more than 700 points on Friday, amounting to a 1.6% loss. The S&P 500 dropped nearly 2% and the Nasdaq composite lost 2.7%.
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Here are the companies that have committed to investing billions in the US over Trump tariffs
Trump has levied high tariffs on goods from Mexico, Canada and China over the countries responses to the fentanyl crisis in the United States. Canada and Mexico are fighting 25% tariffs on their goods.
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US deficit sets record with $1.1 trillion in first five months of fiscal year 2025
The new numbers, released Wednesday, showed the deficit between October 2024, and February 2025. The deficit for February alone was $307 billion.
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Bank of America hit with major leak, releasing customer Social Security numbers, other info: Report
The bank did not reveal how many customers were impacted by the latest. But names, account details, addresses, contact information, date of birth, Social Security numbers and other government IDs of customers were all exposed.
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Dow sees 1,000 point drop before closing down 889 points after Trump declines to rule out recession
The Dow Jones Industrial Average on Monday took about 1,000 point tumble after President Donald Trump on Sunday declined to rule out a possible recession but ended up closing down 889 points, or a 2.08% drop.
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Walgreens seals $10 billion deal to go private with equity firm Sycamore Partners
Walgreens said that Sycamore Partners has agreed to pay $11.45 a share in cash, a deal that could equal up to $23.7 billion after paying off debt and other potential future payouts.
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Best Buy, Target, warn of rising costs due to Trump tariffs and retaliation
Canada and Mexico on Tuesday said they plan to impose tariffs on U.S. goods in retaliation for the U.S. tariffs, with Mexican President Claudia Sheinbaum stating her tariffs will be announced on Sunday if no deal has been reached.
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Stock market closes with a stumble ahead of looming tariffs
The impending tariffs caused the Dow Jones Industrial Average to drop by 649 points, or 1.5%, and the Nasdaq composite dropped 2.6% on Monday. The S&P 500 index dipped 2%.
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Stocks decline on Asian, European markets after Trump imposes tariffs, ahead of Wall Street opening
The U.S. dollar at the same time has strengthened on the currency markets