Federal prosecutors are digging into internal practices at Block, the financial technology firm launched by Twitter co-founder Jack Dorsey, discussing with a former employee alleged widespread and yearslong compliance lapses…
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Trump tariffs, tax cuts and interest rates likely to fuel inflation, Wall Street and economists agree
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Former President Donald Trump is building a second-term economic agenda that analysts say could reheat the very inflation that he has slammed President Joe Biden for creating. “I call it a ring around the country. We…
Trump Media shares dropped sharply Wednesday, closing down by more than 9.5%. Trump Media, which trades under the DJT ticker, closed at $45.16 per share, a loss of $4.77 per share. The company,…
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Private payrolls increased by 192,000 in April, more than expected for resilient labor market
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Private payrolls increased at a faster than expected pace in April, indicating there are still plenty of tailwinds for the U.S. labor market, according to ADP. The payrolls processing firm…
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Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald’s
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It’s finally here: the long-predicted consumer pullback. Starbucks announced a surprise drop in same-store sales for its latest quarter, sending its shares down 17% on Wednesday. Pizza Hut and KFC also reported shrinking same-store…
Economy
Dem senator leads bipartisan effort to strengthen Taiwan supply chain amid China threat
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: Sen. Jacky Rosen, D-Nev., led a bipartisan group in introducing a bill to fortify Taiwan and its supply chain as it continues to face military threats from China, which…
Economy
Biden admin ripped by experts as antisemitism gets ‘worse’ over past 6 months: ‘Should have seen it coming’
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Six months after Jewish groups warned the Biden administration that antisemitism in the United States is worse than it has ever been, Jewish leaders and a Middle East expert told…
The judge presiding over former President Donald Trump’s ongoing New York City trial is taking heat from a rare coalition formed to jointly condemn his ‘dangerous’ gag order ruling that…
BROOKLYN, N.Y. — Democrat turned independent candidate Robert F. Kennedy, Jr. is firing back against repeated claims that he’s a spoiler in the 2024 election rematch between President Biden and…
Economy
Republicans accuse Biden of putting ‘more pressure on Israel’ than Hamas amid college riots
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Republican senators on Wednesday accused President Biden of being more critical of U.S. ally Israel than the anti-Israel and antisemitic riots that have evolved out of protests on some college…