Wayfair store in Wilmette, Illinois. Courtesy: Wayfair Stock Chart IconStock chart icon RH and Wayfair, 1-day Trump on Wednesday issued a yearlong pause on increased levies on upholstered furniture, along with kitchen cabinets and vanities. Instead, the duties on upholstered furniture will remain at 25% — the level Trump set in September. Before Trump’s 11th-hour…
The Russian-U.S. national who hacked crypto exchange Bitfinex and stole nearly 120,000 bitcoin said he has been freed from prison early thanks to the bipartisan prison-reform law signed by President Donald Trump. Ilya Lichtenstein, 38, had been sentenced in November 2024 to five years in prison after pleading guilty to a money laundering conspiracy charge…
AUSTIN, TEXAS – DECEMBER 13: A Tesla dealership is seen on December 13, 2023 in Austin, Texas. Tesla is recalling nearly all vehicles sold in the US after a near two-year investigation by the National Highway Traffic Safety Administration found a defect in the Autopilot system. (Photo by Brandon Bell/Getty Images) Brandon Bell | Getty…
It’s one of the most important questions surrounding the Federal Reserve in 2026, and Fed Chair Jerome Powell has been pointedly mum. “I’m focused on my remaining time as chair,” Powell said at the December press conference. “I haven’t got anything new on that to tell you.” The question: whether Powell will remain on the…
A turbine blade is lifted onto a rack near tower sections at the Revolution Wind project assembly site at State Pier in New London, Connecticut, US, on Friday, Oct. 24, 2025. Bloomberg | Bloomberg | Getty Images Danish renewables giant Orsted, the world’s largest developer of offshore wind farms, said on Friday that it had…
Songsak Rohprasit | Moment | Getty Images Student loan borrowers whose debt is canceled in 2026 or later may face a significant tax bill. A law that shielded student loan forgiveness from taxation at the federal level — part of the American Rescue Plan Act of 2021 — expired on Dec. 31, 2025. President Donald Trump’s “big beautiful…
Labor market weakness, uncertainty about inflation and political pressure will push the Federal Reserve to lower interest rates aggressively in the early part of 2026, according to Mark Zandi, chief economist at Moody’s Analytics. Though markets and Fed officials themselves see only modest easing in the year ahead, Zandi expects the central bank to enact…
President Donald Trump issued the first vetoes of his second term Tuesday, blocking bills that would support a pair of bipartisan infrastructure projects in Colorado and Florida. Trump’s veto of the Colorado bill, the Finish the Arkansas Valley Conduit Act, which Congress unanimously approved earlier in December, enraged the state’s lawmakers. The bill would reduce…
Google CEO Sundar Pichai waves as he arrives to attend the Artificial Intelligence (AI) Action Summit at the Grand Palais in Paris, France, February 11, 2025. Benoit Tessier | Reuters After a tough start to the year, Google closed out 2025 with its strongest performance — from Wall Street’s perspective — since 2009, when the…
The Department of Justice has 5.2 million pages of Jeffrey Epstein-related documents left to review and it will take weeks longer to complete the effort, multiple outlets reported. About 400 lawyers are being enlisted from multiple government divisions to pore over those records, The New York Times first reported late Tuesday, citing people familiar with the…
