The mayor of Dallas is predicting an influx of financial firms relocating to the region from New York City if the Big Apple’s newly inaugurated mayor, Zohran Mamdani, pursues socialist policies in the nation’s leading financial hub. Dallas Mayor Eric Johnson told the New York Post in an exclusive interview that Mamdani’s…
Companies in the private sector added 41,000 jobs in December, payroll processing firm ADP said Wednesday. The figure is below economists’ estimates of a gain of 47,000 jobs. The prior month’s payrolls number was revised to a loss of 29,000 from an initially reported loss of 32,000.”Small establishments recovered from…
A new outlook from Cox Automotive projects that new vehicle sales are expected to slow slightly in 2026 from last year, which surpassed expectations for the industry. Cox Automotive forecasted that the U.S. will see 15.8 million new vehicles sold in 2026, which represents a 2.4% decline from sales levels a…
The Trump administration’s arrest of Venezuelan leader Nicolás Maduro could lead to higher defense spending over the long-term as the U.S. takes a more active role in regional security, according to a research note from Bernstein. Maduro was taken into custody following a special operations raid over the weekend and is…
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Berkshire Hathaway shares fell on Friday, a day after CEO Warren Buffett left following a 60-year run. The 95-year-old officially…
Gold’s stratospheric rise, the best percentage gain since 1979, surprised even the most bullish metal mavens as Wall Street firms…
Ford Motor Company logged far more recalls in 2025 than any other automaker, according to federal safety data, eclipsing a…
Verizon is teaming up with ForgiveCo to clear $10 million in consumer debt for more than 6,500 North Carolinians impacted…
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The toppling of Nicolas Maduro has thrust Venezuela’s debt crisis – one of the world’s largest unresolved sovereign defaults – into the limelight. Following years of economic crisis and U.S. sanctions that severed the country from international capital markets, Venezuela defaulted in late 2017 after…
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Federal Reserve policymakers were deeply divided over the decision to cut interest rates at their meeting in December as the U.S. economy faces a challenging combination of risks, according to the minutes from their latest policy meeting. The Fed cut rates by 25 basis points for the third straight time…
People who use their cars for work will be able to deduct more money per mile on their taxes in the new year. The Internal Revenue Service (IRS) announced this week that the standard mileage rate for business driving will increase by 2.5 cents per mile. Additionally, vehicles used for…
President Donald Trump on Monday launched a renewed attack on Federal Reserve Chair Jerome Powell, accusing Powell of “gross incompetence” and threatening to sue him over the costly renovation of the central bank’s headquarters. Trump spoke at a Mar-a-Lago press conference alongside Israeli Prime Minister Benjamin Netanyahu and slammed Fed Chair Powell…
American workers at the bottom end of the pay scale are set to see the minimum wage rise in 19 states effective on New Year’s Day, while three other states are also planning minimum wage increases later in 2026. While 20 states opt to leave their minimum wage at the federal…
A Florida man filed a lawsuit against Outback Steakhouse alleging that he was on a handicapped toilet when the seat “suddenly shattered and collapsed” while he was doing his business, resulting in injury. Michael Green said he suffered “severe bodily injury” during the incident at an Outback Steakhouse location along…
Grass-fed ground beef that was distributed to six states has been recalled over possible E. coli contamination, according to the U.S. Department of Agriculture’s Food Safety and Inspection Service. The recall by Mountain West Food Group, LLC, based in Idaho, affects more than 2,800 pounds of raw 90/10 ground beef…
Tesla CEO Elon Musk is raising alarm over surging silver prices as China prepares to impose new export restrictions on the precious metal. Musk responded to a post on his X social media platform that noted China will begin requiring government licenses for companies to export silver from the country starting…
The U.S. economy’s resilience in 2025 is expected to carry over when the calendar turns to 2026, with growth expected to accelerate as tax cuts and more favorable financial conditions take hold and headwinds from tariffs and inflation ease, according to Goldman Sachs. Goldman Sachs economists led by Jan Hatzius…
Many small business owners are betting on growth in the year ahead, even as inflation, labor shortages and economic uncertainty continue to pressure operations, a new survey finds. About 80% of small business owners say they are confident in their outlook, and about 79% expect revenue growth in 2026, according…
The theme song for the exchange-traded fund industry could very well be Frank Sinatra’s “It Was a Very Good Year,” as the industry hit $1.25 trillion annually in assets through November, faster than any other time in history. “I think, largely speaking, you look across the different asset classes –…
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