The Trump administration’s effort to modernize federal payment systems is coming to Social Security, which will start phasing out paper Social Security checks. The Social Security Administration (SSA) announced in mid-July that it would no longer issue paper checks starting on Sept. 30. The agency noted in a blog post announcing the move…
Markets are increasingly pricing in the chances of the Federal Reserve cutting interest rates at its next meeting in September following last week’s weaker-than-expected jobs report. The Fed’s policymaking arm, the Federal Open Market Committee (FOMC), has opted against cutting interest rates at all five of its meetings this year, including…
Despite the whiplash of President Donald Trump’s tariffs, trade uncertainty and day-to-day market swings, investors are pouring money into exchange-traded funds to capture fast-moving stock and bond action. With $121 billion flowing into ETFs industrywide in July, the yearly tally hit $677 billion and is now on pace for a…
President Donald Trump’s move to fire the commissioner of the Bureau of Labor Statistics (BLS) after a weaker-than-expected July jobs report and large revisions has spurred questions about how the agency gauges changes in the U.S. workforce. Trump terminated BLS Commissioner Erika McEntarfer on Friday and claimed she “faked the Jobs…
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Microsoft touched $4 trillion in market cap Thursday, joining Nvidia as the only two companies to reach this level. Ticker…
Biotech company Moderna said Thursday it plans to cut 10% of its global workforce and expects to have fewer than…
Meta CEO Mark Zuckerberg on Wednesday announced the tech giant will focus on developing a personal superintelligence for everyone, which will…
The United States has a copper problem. Simply put, the U.S. uses a lot of it and there aren’t enough…
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McDonald’s is ramping up its use of artificial intelligence to streamline customer orders and sharpen its business operations, with plans to “double down” on AI investments by 2027, a senior executive said on Friday, according to Reuters. The fast-food giant currently uses AI to verify orders at…
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Let’s talk about energy dividends because, well, you know why. But let’s not chase the headlines. Let’s focus on energy “toll collectors” that…
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Whether your workspace is located in an office building or within your own home, the way you design it can have a direct…
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Dispatches from SuperReturn Berlin and the Inovia VC Summit “It was the best of times, it was the worst of times.” On the…
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Mortgage rates ticked higher for the first time in weeks, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage rose to 6.72% from last week’s reading of 6.67%.The average rate on a 30-year…
Communities and major industries in Central Texas were recently hit hard by deadly flash flooding. As the area starts working to recover from the disaster, the local business community and others have been turning out to help. Areas in Central Texas faced severe flooding during the long Fourth of July…
Byrna Technologies Inc. CEO Bryan Ganz has been “pleased” with some of the Trump administration’s sweeping tariffs on imports, as they have made it more difficult for Chinese competitors to sell “inferior knockoffs” to U.S. consumers at low prices. “People’s lives are at stake when they use our device,” Ganz…
Former Federal Reserve Governor Kevin Warsh said the U.S. economy could grow tremendously, but “bad” policies by the Federal Reserve are keeping it from doing so. Warsh told “Kudlow” host Larry Kudlow that he had “some sympathy” for President Donald Trump being frustrated with how Federal Reserve Chair Jerome Powell…
FIRST ON FOX: A new report from the Council of Economic Advisers (CEA) found that the prices of imported goods have fallen this year and have dipped faster than overall goods prices since February. The CEA, an agency within the Executive Office of the President, said its findings contradict claims…
The latest workforce data suggests that American workers have been the main beneficiaries in the labor market amid the Trump administration’s crackdown on illegal immigration. The Labor Department’s jobs report for the month of June showed that the number of foreign-born workers declined by 348,000 from May — while the number of…
The Trump administration’s Department of Energy (DOE) on Monday released a report that found currently scheduled retirements of energy-generating facilities coupled with delays in bringing new power sources online could lead to a rise in blackouts by the end of this decade. DOE’s report found that with about 104 gigawatts…
President Donald Trump on Monday announced the U.S. will impose 25% tariffs on goods imported from Japan and South Korea. Trump shared letters addressed to Japanese Prime Minister Shigeru Ishiba and South Korean President Lee Jae Myung in posts on Truth Social.The new levies will take effect on Aug. 1.…
Billionaire Elon Musk over the weekend announced that he’s launching a new “America Party” to challenge the Republican and Democratic parties – though his latest foray into politics has Tesla shares sliding. Musk on Friday posted a viral poll on X, the social media platform he owns, that asked users if…
President Trump said the United States has “pretty much” reached a deal for a company to acquire the U.S. assets of TikTok and plans to begin talks with China this week. “I think we’re going to start Monday or Tuesday … talking to China, perhaps President Xi or one of…
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