Cuban implies Trump's tariff threat having negative impact 'right now'
Mark Cuban, a billionaire and former Harris campaign strategist, said President-elect Trump's tariffs, which include general tariffs on imports and additional tariffs specific to imports from China, one of the United States' major trading partners, He warned about the negative effects of the plan. “Every company that imports from China right now is burning through […]
Financial trade group calls on SEC chief Gensler to 'immediately' step down
The American Securities Association (ASA), a financial industry group, has called on Securities and Exchange Commission (SEC) Chairman Gary Gensler to resign immediately following former President Donald Trump's re-election. “Last night, the people voted to move this country in a new direction, and Chairman Gensler should respect that vote and resign immediately,” ASA President and […]
Are you a HENRY? The rise of six-figure earners who don't feel rich
Achieving a six-figure salary is a common goal for ambitious professionals and has long been a signal of financial security. And many have reached this amazing milestone. According to the latest information Household pulse survey Of the population of 89,842,875, approximately 28 million households (14 percent of respondents) took home more than $100,000, 6 million […]
Most Americans expect Trump to increase debt: Survey
Most Americans expect the national debt to increase under President-elect Donald Trump, according to the latest report Reuters/Ipsos survey It was carried out after the election. In the poll, 62% of respondents said the returning president's proposal “would increase the U.S. national debt.” This includes 94% of Democrats and 34% of Republicans. The poll was […]
Trump wins tip scales for GOP on government funding
Republican electoral victories in both the presidential race and the Senate are changing the landscape for government funding as Congress prepares for a battle over federal spending when lawmakers return next week. With the possibility of a Republican trifecta in Washington increasing, Republican leaders have decided to either complete their annual fundraising efforts this year […]
FDA proposes removing ineffective decongestant found in most cold medicine
The Food and Drug Administration (FDA) has proposed that a common ingredient in most oral over-the-counter cold medicines be removed from the market because they are ineffective. This move moves the FDA one step closer to removing products containing oral phenylephrine from store shelves. More than a year after the agency's advisory committee reached a […]
Bill Gates congratulates Trump after reported $50M donation backing Harris
Billionaire Bill Gates, who reportedly donated $50 million to a PAC supporting Vice President Harris in this year's election, congratulated President-elect Trump on Thursday afternoon following his decisive victory. Gates: “Congratulations to President Trump and Vice President-elect Vance.'' said in the post “America is strongest when we use ingenuity and innovation to improve lives here […]
Powell says he won't resign for Trump, can't be fired
Federal Reserve Chairman Jerome Powell gave a clear and candid response to a question at Thursday's press conference about whether he would resign if President-elect Donald Trump asked him to do so. Powell, whose term as chairman ends in 2026, said “no.” When asked for details and whether he could legally be asked to leave, […]
Federal Reserve cuts interest rates for the second time this year
The Federal Reserve cut interest rates by 0.25% on Thursday, the second straight cut after two years of rate hikes aimed at curbing post-pandemic inflation. The Federal Open Market Committee (FOMC), the committee of Fed officials responsible for setting interest rates, lowered its benchmark borrowing cost range to a range of 4.5% to 4.75%. The […]
Sanders ignites Democratic battle over election loss
Democrats are blaming and scrambling for answers over what went wrong with their economic messaging after Vice President Harris lost a landslide to President-elect Donald Trump and lost office in every battleground state. Harris' loss spills over into the Senate, where Republicans picked up three seats and are aiming for a fourth in Pennsylvania. Several […]