Business

Federal Reserve Chairman Jerome Powell testifying during a Senate committee hearing on June 25, 2025. (Tom Williams/CQ-Roll Call, Inc via Getty Images) LAST WEEK, AFTER MONTHS of threatening to fire Federal Reserve Chair Jerome Powell, President Donald Trump signaled he was backing off. Trump’s rationale—or pretext, if you prefer—for going after Powell is cost overruns and delays in the $2.5 …

Beef sold at a store in Annapolis, Maryland. Beef prices are at record highs, rising almost 9% since January. – Jim Watson/AFP/Getty Images First it was eggs, now it’s beef. The last time Americans likely noticed spiking prices at the grocery store was when eggs reached record-highs. Since then, egg prices have fallen after the deadly avian flu outbreak was …

The Department of Education has paused student loan forgiveness under the Income-Based Repayment (IBR) plan. While IBR is one of several income-driven repayment options available to borrowers, it is currently the only one not facing any legal disputes or court-ordered blocks. “Currently, IBR forgiveness is paused while our systems are updated,” announced the department in updated guidance on pending court …

What started as a startup Cinderella story has quickly turned into a cautionary tale for future deals in Silicon Valley. Windsurf, an AI coding company, was on the verge of being acquired by OpenAI for $3 billion, the kind of windfall startup employees dream of. But the blockbuster deal fell apart at the last minute, setting off a whirlwind of …

Investors Shrug Off Trump’s Attacks on the Fed and Trade Allies  The New York TimesView Full Coverage on Google News Source link

WASHINGTON, DC – JULY 15: U.S. Education Secretary Linda McMahon prepares to do a live TV interview … More with Fox News outside of the White House on July 15, 2025 in Washington, DC. The Department of Education quietly announced that student loan forgiveness under the IBR plan has been paused. (Photo by Anna Moneymaker/Getty Images) Getty Images The Department …

President Donald Trump, after filing a $20 billion lawsuit against the Wall Street Journal over a story alleging Trump gave Jeffrey Epstein a lewd birthday note more than two decades ago, disputed the newspaper’s coverage on a separate topic. On Saturday, the Journal published an article with the headline “How Bessent Made the Case to Trump Against Firing Fed Chair …

Universal Music Group’s (UMG) – which is the world’s biggest music group and owner of the record labels behind mega stars Taylor Swift, Drake and Lady Gaga – has filed to sell its shares in the US. The company, which is already listed in the Netherlands, has a stock market valuation there of almost €50bn ($43.3bn; $58.5bn). The music powerhouse’s …

First, Amazon promised prices wouldn’t rise under President Donald Trump’s tariffs. Then it quietly increased them anyway. A revealing analysis by The Wall Street Journal found that since Trump’s initial tariff announcement in January, Amazon raised prices on a range of everyday items—deodorant, pet supplies, protein shakes—by an average of 5%. This was despite a public pledge in April to …

Respected Industry Leader to Join Iconic Sandwich Brand on July 28  MIAMI, July 21, 2025 /PRNewswire/ — Subway®, one of the world’s largest restaurant brands, today announced that Jonathan Fitzpatrick will join the company as Chief Executive Officer (CEO), effective July 28, 2025, following a comprehensive search.  With more than two decades of franchising and quick service restaurant experience, Fitzpatrick …