Jerome Powell's week from hell
CNN
Everything is going wrong for one of the world's most powerful figures.
Jerome Powell's chances of getting another four-year term as head of the Federal Reserve took a hit Tuesday after Senator Elizabeth Warren called him a "dangerous man" for being too soft on Wall Street banks.
That blow came on the heels of two Fed officials stepping down amid a trading scandal that even Powell acknowledged is "obviously unacceptable."
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For Farzana Ghani, 56, from Miami, Florida, every piece of gold she owns holds a memory.
Elon Musk’s artificial intelligence company xAI issued a lengthy apology Saturday for a series of violent and antisemitic posts from its Grok chatbot this week, blaming a system update.
President Donald Trump released two tariff letters on Saturday, imposing duties of 30% on products from Mexico and the European Union.
A typical 401(k) plan only offers stock and bond funds that invest in publicly traded companies. But private companies — traditionally the domain of institutional and high-net-worth investors — have become a significant part of the overall investing market. Do they belong as an option in workplace retirement plans, given that they are often more expensive and less transparent than publicly traded securities?
Virtual reality was supposed to transform entertainment. At least, that was the expectation roughly a decade ago with the arrival of the Oculus Rift, the first virtual reality (VR) headset from the tech startup Meta acquired that many believed would push VR into the mainstream.
The chief executive of the world’s leading chipmaker warned that while artificial intelligence will significantly boost workplace productivity, it could lead to job loss if industries lack innovation.
Paramount’s owner-in-waiting, David Ellison, met with journalist entrepreneur Bari Weiss on Friday about a possible tie-up between CBS News and her startup The Free Press.
Bad Bunny and his two-month residency is going to be good business for Puerto Rico.
US stocks fell on Friday after President Donald Trump threatened a 35% tariff on Canada — a sharp escalation in an ongoing trade war.
President Donald Trump’s attacks on Federal Reserve Chair Jerome Powell are so commonplace at this point that they barely register in financial markets these days. The rapidly intensifying multi-pronged efforts by Trump’s advisers to amplify and expand on Trump’s attacks are a good reason to rethink that indifference.
Many economists already believe it’s a matter of time before Americans start to see sticker shock from the tariffs President Donald Trump has enacted. That timeline could speed up even more if Trump follows through with his latest package of tariff threats slated to take effect in three weeks.
President Donald Trump’s shock-and-awe tariff campaign is off to a slow start when it comes to reviving American manufacturing jobs.
For the next five years, there will be a much more generous state and local tax deduction available to federal income tax filers, thanks to the recently enacted mega tax-and-spending-cuts law.