A Spirit Airlines pilot has been arrested and pulled from future flights for allegedly stalking two minors. Dominic Armando Cipolla, 40, is charged with two counts of stalking including a felony count for allegedly stalking someone under the age of 14. According to a criminal complaint, Cipolla targeted children born…
Tech giant Apple is poised to announce a new investment of $100 billion in U.S. facilities as early as today, the White House said on Wednesday. National Economic Council director Kevin Hassett said on FOX Business Network’s “Mornings with Maria” that companies are “moving here in droves, which is why we’ve…
A leading economist is warning that the U.S. economy is on the brink of recession after incoming economic data last week signaled labor market conditions are softening as inflation is rising, which could complicate the ability of the Federal Reserve to support the economy. Mark Zandi, chief economist at Moody’s…
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…
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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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More than 3,200 Boeing union workers in Missouri and Illinois are on strike following the rejection of a four-year labor agreement with the aerospace company. The workers who assemble fighter jets turned down a four-year contract that would have raised the average wage by roughly…
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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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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…
Atlanta Federal Reserve President Raphael Bostic warned Thursday that he believes tariffs are likely to cause a prolonged stretch of inflation as opposed to a one-time spike in costs. Rather than “a short and simple one-time shift in prices, as standard textbook models would suggest,” Bostic said he expects changes…
NASHVILLE, Tenn. – The fireworks industry is expecting to get by this Fourth of July holiday, but trade tensions with China have some worried that sales leading up to America’s 250th birthday in 2026 could be a bust. Pyrotechnicians and firework distributors have held out hope that the fireworks will…
Congress officially passed President Donald Trump’s “big, beautiful bill,” and billionaire Ray Dalio is warning about the possible economic consequences, which could include spending cuts, major tax increases and massive money printing. “Unless this path is soon rectified to bring the budget deficit from roughly 7% of [gross domestic product]…
The U.S. targeted Iran’s “shadow fleet” and an Iraq-Iran oil smuggling network with sanctions Friday in a bid to disrupt Tehran’s “access to the financial resources that fuel its destabilizing activities,” Treasury Secretary Scott Bessent announced. The Treasury Department said it is “taking action against networks that have collectively transported…
close video Mortgage rates fell for the fifth consecutive week to the lowest level since mid-April, 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 fell to 6.67% from last week’s reading of…
The U.S. economy added jobs in June at a faster pace than in recent months, despite economic uncertainty stemming from trade, tax and monetary policy. The Labor Department on Thursday reported that employers added 147,000 jobs in June. That figure was above the estimate of economists polled by LSEG, who…
A new report suggests that the Trump administration’s tariff policies are weighing on e-commerce as consumers have reconsidered how they go about making purchases. A report by AlixPartners found that tariffs are influencing consumers who are trying to time their online shopping purchases to avoid the impact of tariffs, with a similar number…
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