The judge presiding over former President Donald Trump’s ongoing New York City trial is taking heat from a rare coalition formed to jointly condemn his ‘dangerous’ gag order ruling that it says ‘poses a dire threat to our democracy.’ The group, made up mostly of prominent Republican candidates running in battleground states crucial to flipping the Senate red in November, ...
Federal Reserve Chair Jerome Powell said Wednesday there was no sign of stagflation in the economy, even as inflation remains stubbornly high and some signs of slowing growth have started to emerge. In remarks after the release of the Fed’s decision Wednesday to leave interest rates unchanged, Powell said he didn’t ‘really understand where talk of a stagflation scenario is ...
Is being nice holding you back at work? One viral TikTok has young workers up in arms about the perils of being pleasant in the workplace. A TikToker who goes by the name Jacqueline recently posted a TikTok video where she claimed that people who are “a pleasure to work with” will “never get promoted.” The video has struck a nerve and ...
Arcade giant Dave & Buster’s is set to allow adults 18 and older to place real-time bets with friends on arcade games. The Dave & Buster’s app will begin to incorporate an option to bet against other players, the company said Tuesday as part of a news release. The arcade company is partnering with Lucra, a company that makes gamification ...
Strong demand and tight supply continue to push home values higher, even though mortgage rates are now moving higher again. Home prices in February jumped 6.4% year over year, another increase after the prior month’s annual gain of 6%, according to the S&P CoreLogic Case-Shiller national home price index released Tuesday. It was the fastest rate of price growth since ...
Trump Media shares climbed nearly 7% Tuesday, continuing a rise that has seen the Truth Social owner surge about 50% in the past week. DJT closed the trading day at roughly $50 a share, about 30% below its opening price of $70.90 in late March. The stock has had several volatile days in the past month, trading at a high of about $60 a share ...
Federal prosecutors are digging into internal practices at Block, the financial technology firm launched by Twitter co-founder Jack Dorsey, discussing with a former employee alleged widespread and yearslong compliance lapses at the company’s two main units, Square and Cash App, two people with direct knowledge of the contacts say. During the discussions, the former employee provided prosecutors from the Southern District ...
Former President Donald Trump is building a second-term economic agenda that analysts say could reheat the very inflation that he has slammed President Joe Biden for creating. “I call it a ring around the country. We have a ring around the country,” Trump said in a Time magazine interview released Tuesday, referring to aggressive tariffs he has promised to impose in a second term. “I also don’t believe ...
Trump Media shares dropped sharply Wednesday, closing down by more than 9.5%. Trump Media, which trades under the DJT ticker, closed at $45.16 per share, a loss of $4.77 per share. The company, which owns the Truth Social app, is still trading well below the more than $70 per share it opened at in its public trading debut on March 26. Trump Media in a ...
Private payrolls increased at a faster than expected pace in April, indicating there are still plenty of tailwinds for the U.S. labor market, according to ADP. The payrolls processing firm reported Wednesday that companies added 192,000 workers for the month, better than the Dow Jones consensus outlook for 183,000 though a slight step down from the upwardly revised 208,000 in ...
It’s finally here: the long-predicted consumer pullback. Starbucks announced a surprise drop in same-store sales for its latest quarter, sending its shares down 17% on Wednesday. Pizza Hut and KFC also reported shrinking same-store sales. And even stalwart McDonald’s said it has adopted a “street-fighting mentality” to compete for value-minded diners. For months, economists have been predicting that consumers would cut back on their spending in response to ...
Nineteen people have been killed after a highway collapsed in China’s Guangdong province on Wednesday, according to the country’s state broadcaster, CCTV. A section of the express highway connecting Meizhou City and Dapu City in Guangdong Province collapsed at around 2:10 a.m. on Wednesday, leaving eighteen cars trapped, CCTV reported. Widely circulated social media videos shot in darkness showed a ...