Business

How Trump Could Overhaul the Fed  The New York Times What the end of Federal Reserve independence could mean  AP News Opinion | Some mortgage fraud is inevitable. But Lisa Cook needs to come clean.  The Washington Post Judge weighs Trump’s power to fire Fed board member  Politico Fed Upheaval Sows New Uncertainty About Path of Rates  The Wall Street Journal Source link

Donald Trump thinks he can control all aspects of American life, including free market interest rates. The chair of the Federal Reserve, the global economy and now, one of the Fed’s governors, disagree.  In his latest attempt to pressure the central bank to lower interest rates to lessen political fallout from his ill-conceived tariffs, Trump is attempting to fire Fed …

Key takeaways: Bitcoin (BTC) is set to close August in the red, its first down-month since April, stoking fears that the downturn could deepen as September begins. BTC/USD monthly price chart. Source: TradingView September is usually a bad month for Bitcoin Bitcoin has a well-established tendency to slide in September. Since 2013, Bitcoin has closed in the red for eight …

Facebook Tweet Email Link The Powerball jackpot has surged to an estimated $1.1 billion after no ticket matched all six numbers in Saturday’s drawing, according to a news release from the Multi-State Lottery Association. Monday’s Labor Day jackpot will be the fifth-largest prize in the game’s history, the agency noted. Saturday night’s winning numbers were white balls 3, 18, 22, …

The Middle-Class Vibe Has Shifted From Secure to Squeezed  The Wall Street Journal Americans are less confident about their financial futures—except for one group  CNBC ‘American Dream’ Still Alive For Many, Yet Inflation Quietly Erodes Middle-Market Confidence  CU Today Americans are losing faith in becoming wealthy, except for one group. Who is still holding on to the Ameri  The Economic Times Source link

A former postal worker is accused of stealing more than $330,000 from people in their 70s and 80s — and then using that stolen cash to pay for a pool patio, Caribbean cruise expenses, escorts, and more. Pembroke man Scott Kelley, 51, also allegedly stole cash from an evidence locker and then blamed another postal inspector for the missing cash. Kelley …

During his 2024 presidential campaign, Donald Trump repeatedly promised to tackle inflation and restore affordability for American families. “When I win, I will immediately bring prices down, starting on Day One,” he declared at a rally in August 2024. Trump pledged to “make America affordable again” as a central pillar of his campaign promise. He has ended up making America …

xAI doesn’t want its secret recipe for Grok to get out, and it’s filing a lawsuit to make sure of that. In a lawsuit filed earlier this week, xAI claimed that former employee Xuechen Li stole the company’s confidential info and trade secrets before joining the team at OpenAI. Elon Musk’s artificial intelligence company also alleged that Li copied documents …

The stock price of a company that is in the middle of a major recall still managed to see a 15% gain by the time the market closed Friday. That recall has been issued for nearly 760,000 power tools following reports of explosions and fire hazards. The move is one to watch because some companies in the power washer market …

Key Takeaways Solana enters September with bullish momentum, historically one of its strongest months. All eyes are on whether SOL can reclaim its rally or face a key support retest around $195. September has often been kind to Solana [SOL]. Over the past few years, the month has seen SOL post some of its strongest rallies, building a reputation for …