18 states sue SEC, Gensler for 'regulatory overreach' on crypto
18 republican the attorney general was sued On Thursday, the Securities and Exchange Commission (SEC) and Chairman Gary Gensler were accused of overstepping the agency's authority in enforcement actions against the cryptocurrency industry. The states, led by Kentucky Attorney General Russell Coleman, have argued that the SEC is “unilaterally attempting to take regulatory authority away […]
Trump says Dimon won’t be part of administration
JPMorgan Chase CEO Jamie Dimon will not join President-elect Trump's administration and will continue to lead the bank. “While I have great respect for Jamie Dimon of JPMorgan Chase & Co., he will not be invited to be part of the Trump administration. Thank you for Jamie's outstanding service to our country!” Posted by Trump […]
Musk: DOGE will be 'tedious work' with 'zero' compensation
Elon Musk said: post Social platform It was reported that it would be necessary. “Yes, it's a pain, you'll make a lot of enemies, and you'll get zero rewards. That's amazing!” Musk wrote in the post. Musk's post comes after an advisory group, also led by former Republican presidential candidate Vivek Ramaswamy, posted to X […]
Ramaswamy: 'We want to go in and slash and burn that bureaucracy'
Vivek Ramaswami, who joined tech billionaire Elon Musk as head of the new Department of Government Efficiency (DOGE) in President-elect Trump's administration, discussed plans for the agency on Wednesday. “We want to burn down the bureaucracy to help the American people, to stimulate the economy, to restore self-government again,” Ramaswamy, a former Republican presidential candidate, […]
Supreme Court weighs Nvidia challenge to securities fraud claims
The Supreme Court ruled on Wednesday that chipmaker Nvidia is trying to avoid a lawsuit alleging that management misled investors about the extent to which the company's revenue depended on volatile cryptocurrency miners. We considered bidding. Nvidia asked the Supreme Court to reverse a lower appellate court's ruling that a lawsuit brought by its shareholders […]
Stephen King addresses 'rumors' about Musk insults, X ban
Author Stephen King mocked tech billionaire Elon Musk on Wednesday, addressing rumors that he was removed from social platform X. “There seems to be a rumor going around that I called Trump's new first lady, the masked man.” Wang Said in X's post. “I didn't, but it just didn't occur to me. There are also […]
Consumer prices up 0.2 percent in October, 2.6 percent over past year
Consumer prices rose 0.2% in October and have risen 2.6% over the past 12 months as inflation slowly but surely returns to pre-pandemic norms, according to new Labor Department figures released Wednesday. Economists surveyed by the Wall Street Journal had expected the consumer price index (CPI) to rise 0.2% last month and 2.4% over the […]
Lobbying World: AirBnB books new federal affairs lead
airbnb Added Aquila Powell as Secretary General of the Federation. She most recently served as Managing Director of Prime Policy Group and is also a General Motors alumnus. Phil Bianchi I participated JP Morgan Chase as vice president of government relations; He most recently served as public policy advisor at Squire Patton Boggs. adam meinhart […]
Elon Musk, Ramaswamy land Trump admin roles
President-elect Trump has tapped technology entrepreneurs Elon Musk and Vivek Ramaswami to lead an advisory group focused on cutting federal spending and reducing the size of government. President Trump said Tuesday that Musk and Ramaswamy will lead the Department of Government Efficiency (DOGE), which aims to “cut excessive regulation and cut wasteful spending” and reorganize […]
Paulson says he won't serve in new Trump administration
Billionaire investor John Paulson said Tuesday that he would not serve in President-elect Donald Trump's new administration amid speculation that he would be nominated for Treasury secretary. “Although various media outlets have described me as a candidate for Treasury Secretary, my complex financial obligations preclude me from serving in an official position in President Trump's […]