The Justice Department is reportedly pursuing a criminal antitrust investigation of large meatpacking companies after President Donald Trump called for them to face a probe over the higher prices facing consumers. The Wall Street Journal reported, citing sources familiar with the matter, that while the DOJ indicated it was investigating…
Kevin Warsh is set to testify on Tuesday about his nomination to be chairman of the Federal Reserve, with senators likely to press him on his views of the Fed’s 2% inflation target given the persistent price pressures affecting the U.S. economy since the pandemic. The 56-year-old Warsh, who served…
As President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh is stepping back into the spotlight – and in the hot seat – as he faces lawmakers Tuesday in a high-stakes confirmation hearing that could shape the future of U.S. monetary policy. Trump announced Warsh to succeed Jerome…
Americans who will be traveling this summer could see the cost of their summer vacations jump due to the spike in jet fuel prices. The energy market has seen increased volatility since the Iran war began and the flow of oil through the Strait of Hormuz has been severely constrained…
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Walmart announced that it’s planning to remodel more than 650 of its stores around the U.S. while it also will…
A batch of Xanax XR is being recalled nationwide after the manufacturer found it may not release the medication in…
Snap on Wednesday announced plans to lay off roughly 1,000 employees, as the tech company adopts artificial intelligence (AI) and…
When introduced to investing, many market participants learn about the benefits of owning individual equities. And market history is littered…
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Oil prices plummeted more than 10% on Friday after Iran’s foreign minister said that the Strait of Hormuz will be open to all commercial shipping traffic for the duration of the ceasefire between Israel and Lebanon. Prices for West Texas Intermediate crude fell over 10%…
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The tax filing deadline for 2025 tax returns is here, with taxpayers having until just before midnight on April 15 to file their returns or request an extension. Last-minute tax filers racing against the clock to get their return filed ahead of the IRS deadline will want to be systematic…
The White House released a study on Monday that found diversity, equity and inclusion (DEI) policies hinder productivity by leading to inefficient management that undercuts economic growth. The authors of the report used federal data broken down by industry, state and year to track the representation of Black, Hispanic and…
More than 350,000 vitamins and supplements were recalled due to incorrect packaging, which federal regulators said poses a “risk of serious injury or death” to children. New Jersey-based Vitaquest International initiated the voluntary recall of about 356,140 dietary supplements that contain iron due to the lack of child-resistant packaging required…
The deadline to file 2025 tax returns is looming on Wednesday, April 15, and while tens of millions of taxpayers have filed their returns, there will likely be millions filing extensions to give themselves until the fall to submit their returns. Taxpayers who need more time to file their 2025…
More than two thousand years ago, Greek philosopher Heraclitus of Ephesus coined the phrase, “Change is the only constant.” That observation has remained true since his death, but now change is happening even faster, largely due to generative artificial intelligence (Gen-AI) technology such as ChatGPT or Claude. And that is…
The bipartisan leaders of Congress’ Joint Economic Committee are sounding the alarm about tax season scams that fraudsters may look to use on unsuspecting taxpayers as filing season winds down. Taxpayers have until Wednesday, April 15, to file their 2025 tax returns or request an extension, and scammers may take…
The climate of the U.S. housing market for buyers varies around the country, and a new report suggests there are currently only eight metro areas that are truly buyer’s markets. The economist research team at Realtor.com released a diagnostic tool called the Market Clock that tracks the housing market at…
Assets under management for U.S. exchange-traded funds could more than double to $25 trillion by the end of this decade, Citigroup said on Thursday, as investors seek the increasingly popular asset class for low-cost, diversified exposure across markets. As of March 2025, the U.S.-listed ETF industry’s total assets stood at…
This story on the March 2026 CPI inflation report is developing and will be updated with further details. Inflation surged in March as consumer prices jumped amid the economic disruptions caused by the Iran war’s impact on the energy market.The Bureau of Labor Statistics on Friday said that the consumer price…
The United States Postal Service is suspending employer pension contributions for workers beginning Friday, citing a looming cash shortfall, the agency announced Thursday. The move, which affects the Federal Employees Retirement System (FERS), comes just weeks after the Postal Service warned Congress it could run out of cash in under…
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