Trump nominates inflation hawk Kevin Warsh to replace Jerome Powell as Fed chair
CNN
President Donald Trump said Friday he is nominating Kevin Warsh to be the 17th chair of the Federal Reserve after Jerome Powell’s term ends in May.
President Donald Trump, facing a growing backlash over his immigration officers’ behavior, went to Iowa on Tuesday in the hopes of changing the subject. Perhaps his advisers decided the best way forward is to focus on the fundamentals and remind voters of why they re-elected him: the economy!
Telsa’s revenue and profits tumbled in the fourth quarter, capping off the most difficult year for the electric automaker since it became profitable six years ago.
After weighing a slightly lower unemployment rate with small increases in inflation in December, the Federal Reserve on Wednesday decided to leave its key overnight lending rate untouched. That decision follows the three cuts the Fed made last year, for a total of six cuts since September 2024.
Unless your name is Domino’s, it’s tough to be a pizza chain right now.
Apple bet big on a dramatic redesign of its iPhone last year, the biggest shakeup to its flagship smartphone in nearly a decade. But the slimmer iPhone Air hasn’t seemed to resonate with buyers.
Federal Reserve officials convene this week at a pivotal moment in the US central bank’s 112-year history, with a series of historic events putting a spotlight on their ability to set interest rates without political interference.
TikTok’s new US business, led by a group of mainly American investors approved by President Donald Trump, is off to an inauspicious start.
For years, social media giants have argued against claims that their platforms harm young people’s mental health. Starting Tuesday, they will for the first time have to defend against those claims before a jury in a court of law.
Amazon is closing its branded brick-and-mortar grocery stores, with the company consolidating its strategy under the Whole Foods name.
Record-high car prices coupled with high interest rates are leading to huge monthly car payments for many Americans. A record share of Americans — more than 20% — agreed to pay more than $1,000 per month for a new car loan at the end of the year, according to car sales site Edmunds.
Some TikTok users are accusing the app of censorship after they attempted and failed to upload videos about ICE. TikTok says the ongoing glitches are related to a power outage.
The corporate cavalry isn’t coming.
President Donald Trump announced on Monday he is raising tariffs on goods from South Korea to 25% from 15%.