NYPD interim police commissioner Thomas Donlon home raided by feds
Federal authorities searched the home of Interim NYPD Commissioner Thomas Donlon on Friday, just a week after his predecessor, Edward Cavan, resigned following a search of his home by the FBI. Donlon confirmed the search in a brief statement released by police late Saturday night, saying authorities “seized materials that came into my possession 20 […]
Security firm linked to Adams aide Phil Banks under investigation by feds, DOI
In a surprising escalation in the investigation surrounding City Hall, federal and New York City investigators are scrutinizing a security company formerly owned by Mayor Eric Adams’s chief public safety officer, sources told The Post on Saturday. Both the U.S. Attorney's Office and the city's Bureau of Investigation are investigating City Safe Partners, a company […]
How the Fed’s jumbo interest rate cut will impact your wallet
Brian Belski, chief investment strategist at BMO Capital Markets, talks about the importance of stock selection on “The Claman Countdown.” Stocks extended their solid weekly gains as the Dow and S&P 500 held on to record highs. The rise came after the Federal Reserve cut interest rates for the first time since March 2020. A […]
DeSantis: Feds are not cooperating with Florida’s investigation into assassination attempt
Gov. Ron DeSantis said Thursday that the state's investigation into the second assassination attempt on former President Donald Trump in West Palm Beach is facing interference from the federal government. The FBI is leading the investigation into the attempted shooting that occurred while President Trump was playing on the golf course on Sunday, but Governor […]
Feds Subpoena NYC’s Director of Asylum Seeker Operations
Federal Authorities Subpoena Director of Refugee Services for New York City Friday as part of an investigation into one of Mayor Eric Adams' (D) top aides. New York Post Reported. Federal agents have summoned New York City Office of Asylum Seekers Director Molly Schafer at her Brooklyn home, a law enforcement source told the outlet. […]
Fed’s Michelle Bowman warns rate cuts declaring victory too soon
A senior Federal Reserve official warned on Friday that the central bank risks prematurely declaring victory over inflation by voting for a big interest rate cut. The Federal Open Market Committee voted 11-1 on Wednesday to cut interest rates by 50 basis points rather than 25 basis points, with Fed Governor Michelle Bowman being the […]
Fed’s Powell: policymakers noted ‘artificially high’ jobs data, revisions
In “Cavuto: Coast to Coast,” Barron's senior writer Megan Leonhart responded to the U.S. economy adding 818,000 fewer jobs than initially reported. Federal Reserve Chairman Jerome Powell The central bank said on Wednesday that policymakers had taken into account reports that recent employment data was “artificially high” and could be revised downwards as they assess […]
Fed’s Powell says immigration surge boosted unemployment rate
Acting Labor Secretary Julie Su was asked about whether migrants who cross the border should be allowed to work in the United States. Federal Reserve Chairman Jerome Powell He said Wednesday that immigrants entering the workforce and looking for jobs is contributing to the rising unemployment rate. Powell was asked whether the level of job […]
Two Sigma in talks to pay feds whopping $100M fine: report
Hedge fund Two Sigma may have to pay up to $100 million to settle a Securities and Exchange Commission investigation into the firm's trading scandal. The Wall Street Journal reported. Thursday. The hedge fund is likely to be held accountable for how it oversaw a former employee at the center of fraud that led to […]
Trump’s Right That Fed’s ‘Either Playing Politics’ or ‘Things Are Worse’
During a Wednesday broadcast of CNN International's “First Move,” CNN Business editor and international business correspondent Richard Quest, host, and 2024 Republican presidential candidate Donald Trump noted that the Federal Reserve is “either playing politics or they're cutting interest rates by a half-point because things are a little worse than expected, things are getting worse […]