U.S. Attorney General Pam Bondi speaks next to U.S. President Donald Trump during a press conference about deploying federal law enforcement agents in Washington to bolster the local police presence, in the Press Briefing Room at the White House, in Washington D.C., U.S., August 11, 2025. Jonathan Ernst | Reuters The man facing a felony…
Economist Marc Sumerlin, one of nearly a dozen reported contenders for Federal Reserve chair, said Thursday he’d be interested in the job and believes an aggressive interest rate cut would be appropriate. Sumerlin, a former senior economist under then-President George W. Bush, said on CNBC that lowering the Fed’s key rate would be an easy…
Alvaro Gonzalez | Moment | Getty Images If you’re eyeing a Roth conversion, President Donald Trump‘s “big beautiful bill” could make the strategy more complicated, according to financial experts. Roth conversions transfer pretax or nondeductible individual retirement account funds to a Roth IRA, which starts future tax-free growth. The trade-off is paying regular income taxes on the converted…
A banner depicting the Washington, D.C., flag with a text reading “Free DC” hangs from an overpass with a view of the U.S. Capitol after U.S. President Donald Trump announced federal take over of the Metropolitan Police Department under the Home Rule Act to assist in crime prevention in the nation’s capital, in Washington, D.C.,…
Traders work on the floor of the New York Stock Exchange on August 11, 2025. NYSE Small-cap stocks jumped Wednesday, bucking the decline from some of the market’s largest companies, as investors bet that the Federal Reserve will cut interest rates starting in September — lowering the cost of capital and possibly boosting consumer spending….
Brian Thompson, CEO of UnitedHealthcare. Courtesy: UnitedHealth Group A New York state man was arrested Wednesday and charged with leaving threatening voicemails for the widow of UnitedHealthcare CEO Brian Thompson hours after Thompson was fatally shot on a Manhattan sidewalk in December. The suspect, Shane Daley, left Paulette Thompson profanity-laced voicemails calling her husband a…
While last month’s consumer price index showed that food prices were effectively flat month over month, tariff-sensitive items like coffee beans, specialty teas and spices are showing signs of inflation, worrying small businesses selling those products. According to the Bureau of Labor Statistics, coffee prices surged 14.5% in July year over year. The average retail price…
In the face of blistering criticism from President Donald Trump, Goldman Sachs economist David Mericle on Wednesday stood by a controversial forecast that tariffs will begin to hit consumer wallets. Trump lashed out at the bank in a Tuesday post on Truth Social, suggesting that CEO David Solomon “get a new Economist” or consider resigning….
A Tesla robotaxi drives on the street along South Congress Avenue in Austin, Texas, U.S., June 22, 2025. Joel Angel Juarez | Reuters Tesla is recruiting test drivers in New York to operate cars with “automated driving systems,” but the company hasn’t applied for the permits it would need to test autonomous vehicles in the…
E. J. Antoni, Heritage Foundation economist and former economist for the Texas Public Policy Foundation. Courtesy: Texas Public Policy Foundation Heritage Foundation economist E. J. Antoni, chosen Monday by President Donald Trump to lead the Bureau of Labor Statistics, recently floated the idea of the BLS suspending its traditional monthly jobs reports. Antoni, in an interview…
