California’s wealthiest residents could face a one-time 5% tax on their net worth under a new proposal aimed at replacing billions of dollars in federal funding cuts to healthcare. The…
There is growing concern among today’s workforce that they will be swiftly replaced by artificial intelligence as the technology, which has touched nearly every corner of the economy, continues to…
General Motors (GM) said Wednesday it is laying off 1,750 workers indefinitely in the coming months and temporarily cutting 1,670 others as it scales back electric vehicle production. The Detroit-based…
American retailers are offering discounts on Hershey products ahead of Halloween as the candy maker raised prices because of tariffs and cocoa inflation, Reuters reported. Data from investment bank Jeffries and…
Goldman Sachs CEO David Solomon said he is optimistic about recent talks between President Donald Trump and Chinese President Xi Jinping, while warning that the United States needs to rethink…
The federal government shutdown will deliver its harshest blow yet, threatening food aid for millions of Americans as funding for the nation’s largest nutrition program runs out. Funding for the…
Treasury Secretary Scott Bessent escalated his feud with Senate Democrats Wednesday night, blasting Sen. Elizabeth Warren, D-Mass., and Sen. Amy Klobuchar, D-Minn., as “failures” who should “stop writing incoherent letters”…
Rep. Ro Khanna, D-Calif., is pushing a resolution that would, in part, proclaim House support for legislation to prohibit the president and others from issuing, sponsoring or endorsing cryptocurrencies and…
After reaching a $10 billion valuation agreement over the summer, Mark Walter is officially the majority owner of the Los Angeles Lakers. Jeanie Buss sold her stake to the current…
Mortgage rates fell for the fourth consecutive week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark…
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