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Hedge Funds Ramp Up Bearish Dollar Bets as Safe-Haven Demand Weakens
Hedge funds are betting heavily against the U.S. dollar as global sentiment shifts towards riskier investments.Continue Reading
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Who is John Ternus, set to succeed Tim Cook as Apple’s CEO?
Apple’s senior vice president of Hardware Engineering, John Ternus, is set to take over as the tech manufacturer’s CEO later this year after current chief executive Tim Cook announced on…
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Tim Scott predicts ‘near unanimous’ GOP support for Trump’s Fed chair pick Kevin Warsh ahead of hearing
FIRST ON FOX: Senate Banking Committee Chairman Tim Scott, R-SC, said he expects Federal Reserve Chairman candidate Kevin Warsh to successfully move through the Senate confirmation process, despite opposition from…
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This Apple doesn’t fall far from the tree: Tim Cook is leaving at a peak and John Ternus is exactly the right CEO for the AI era
Apple stock traded slightly down after-hours following the announcement that CEO Tim Cook will be stepping down, to be replaced by his hand-picked protégé, John Ternus. There is no question…
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U.S. Trade Deficit Widens in February as Imports Rebound Despite Record Exports
February’s U.S. trade deficit rose to $57.3 billion, driven by increased imports and record export highs. While this challenges economists’ expectations, the year-over-year trend shows improvement, with exports up over…
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Trump Orders New Tariffs on Imported Drugs, Escalating Push to Bring Pharmaceutical Manufacturing Back to the U.S.
In a bid to bolster domestic production, the U.S. is imposing tariffs under Section 232 of the Trade Expansion Act, sending a clear message to global manufacturers about the need…
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Labor Secretary Lori Chavez-DeRemer leaves Trump’s Cabinet after allegations of having an affair with a subordinate and drinking on the job
Labor Secretary Lori Chavez-DeRemer is out of President Donald Trump’s Cabinet, the White House said Monday, after multiple allegations of abusing her position’s power, including having an affair with a…
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Bipartisan senators press United and American CEOs on reported merger of leading airlines
A bipartisan pair of senators sent a letter to the CEOs of United Airlines and American Airlines expressing concerns about the possibility of a proposed merger between the two air…
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Jeff Bezos’ Blue Origin grounds New Glenn rocket after a bad engine put a satellite in the wrong orbit
Jeff Bezos’ rocket company, Blue Origin, blamed a bad engine Monday for a failed weekend launch that left a satellite in the wrong orbit, dooming it. Launches of the huge New Glenn…
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Leadership change at Apple sparks industry and Wall Street reactions as Cook transitions roles
Tim Cook is stepping down as Apple CEO and transitioning to executive chairman, with John Ternus set to take over on September 1, 2026, as reactions begin pouring in from…
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Struggling AI power startup Fermi loses its CEO and CFO for ‘2.0’ reset
The struggling AI power startup Fermi is losing both its CEO and chief financial officer as it launches a “2.0” reset to attract customers for the largest data center campus…
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Nike’s ‘Walkers Tolerated’ sign at the Boston Marathon was meant to fire up runners. Instead, it insulted them.
Nike got a brisk reminder last week of how edgy marketing can easily blow up in a brand’s face. The sneaker and apparel giant’s ad, at its store on Boston’s…
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Apple CEO Tim Cook to step down in major leadership shakeup, successor named
Apple CEO Tim Cook is stepping down in a major leadership shakeup, the tech giant announced Monday. He will transition to executive chairman of the company’s board of directors and…
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Stocks Close Mixed as Dow Edges Higher, Nasdaq Slips on Tech Weakness
The U.S. markets closed mixed Monday, with the Dow Jones Industrial Average rising 120 points, or 0.3%, to close at 38,240. This gain was supported by industrial and financial stocks…
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Soaring jet fuel prices threaten to drive up summer travel costs
Americans who will be traveling this summer could see the cost of their summer vacations jump due to the spike in jet fuel prices. The energy market has seen increased…
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LARRY KUDLOW: Banking, blockading, and the final Iranian financial squeeze
Last week Treasury Man Scott Bessent unveiled Operation Economic Fury to put maximum financial pressure on the hoodlums running the Islamic Revolutionary Guard Corps. I’d like to give that economic…
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Meet John Ternus, the 51-year-old former swimming champ who will succeed Tim Cook as Apple CEO
Apple has officially announced its most significant leadership transition in more than a decade. John Ternus, the company’s 51-year-old senior vice president of hardware engineering, has been named as CEO…
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$166 billion in tariff refunds just became available, but small businesses may already be at a disadvantage
After months of waiting, U.S. importers will finally have access to the $166 billion collected from tariffs that were ruled unconstitutional. But as American small businesses battered by the import…
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‘Tethered to a galaxy far, far away’: former diplomats doubt Trump’s Iran talks can deliver in final 48 hours
Sometime on Tuesday, two New York real estate developers will walk into a hotel in Islamabad to try to end a war they helped start. Trump administration special envoys Jared…
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Palantir wants to bring back the draft just as the Selective Service preps for automatic registration
In a 1777 letter to John Adams, Thomas Jefferson warned that although the Revolutionary War was looking dire for the colonists, having a national draft would be “the most unpopular…
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White House–backed USA Rare Earth makes $3 billion acquisition in South America to combat Chinese dominance
USA Rare Earth, a Trump administration–backed miner and manufacturer, is expanding into a larger global player through a nearly $3 billion acquisition of the Serra Verde Group, owner of Brazil’s…
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Apple CEO Tim Cook is stepping down, and hardware boss John Ternus will be new CEO
Tim Cook is stepping down as Apple’s Chief Executive after 15 years leading the iconic company, with longtime Apple hardware executive John Ternus taking the reins as new CEO, the…
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Two Southwest Airline planes narrowly avoided a collision in Nashville on Saturday
Two Southwest Airlines planes had to take evasive action to avoid colliding Saturday in Nashville after an air traffic controller directed one pilot to turn into the path of the…
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Half of all new electricity demand in the U.S. last year came from data centers—just as public opinion of them plummets
The U.S. just had one of its most energy-hungry years in recent memory, and the largest single driver of demand happens to be a lightning rod. Energy demand in the…
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California built more homes than people over six years — so why is housing still so tight?
California’s housing market is seeing an increase in inventory while the state’s population growth slows, but strong demand stemming from longstanding scarcity has kept the market tight. An analysis by…
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Justice Department Launches Antitrust Probe Into Beef Industry Amid Rising Prices and Market Concerns
The U.S. Department of Justice has launched a broad antitrust investigation into the beef industry, examining whether major producers engaged in conduct that may have distorted pricing, as regulators intensify…
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Matthew McConaughey sounds the alarm for artists in fight against AI misuse: ‘Own yourself…so no one can steal you’
Matthew McConaughey has built a career on a chilled type of confidence: “Alright, alright, alright.” But when a University of Texas student asked him during a CNN town hall about…
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Ford’s CEO says Tesla doesn’t have an ‘updated vehicle,’ and now he’s pivoting to catch up with his real competitor: China’s BYD
When Ford CEO Jim Farley wanted to test out the competition, he looked not at Tesla but at China. Now he’s looking for ways the legacy carmaker can mimic its…
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$150K over asking isn’t enough: NJ real estate agent warns ‘average person’ is being priced out
Amanda Cruz thought she was playing it safe, as the New Jersey real estate agent recently placed an offer for a client at $150,000 over the asking price — a…
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The one line in Warsh’s testimony signaling a break from the Fed’s status quo
Kevin Warsh, President Donald Trump’s pick to lead the Federal Reserve, is set to deliver a pointed message to lawmakers Tuesday: the Fed must stay independent on interest rates, but…
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Mortgage Rates Fall Below 6% at Select Lenders, Offering Relief to Homebuyers
Mortgage borrowing costs are beginning to ease, with a select group of major lenders now offering rates below the key 6% threshold, signaling a potential shift in housing affordability after…
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Dem lawmaker says Americans ‘getting fleeced at the pump,’ pushes oil export ban amid Iran tensions
Rising tensions in the Middle East are spilling into domestic energy policy debates as lawmakers weigh how global conflict is hitting Americans at the pump. With oil markets reacting to…
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This talent CEO says laid-off tech workers are ignoring a $300K ‘white-collar trade job’ with 81K openings a year
There’s angst in the air on college campuses and in offices across the country. Successive warnings on AI’s looming threat to automate swaths of entry-level white-collar work have put workers…
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UAE officials reportedly warned they may be forced to use yuan or other currencies if they run low on dollars amid the Iran war
The United Arab Emirates apparently dropped a hint the dollar’s dominance isn’t assured in the global oil trade if fallout from the Iran war gets worse. According to The Wall…
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Billionaire Connie Ballmer just donated $80 million to support NPR after Trump cut $1.1 billion from public broadcasting
After an exceptionally tough year for public media, Connie Ballmer, billionaire philanthropist and wife of former Microsoft CEO Steve Ballmer, donated $80 million to support NPR’s future. “We need fact-based…
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FBI Director Kash Patel sues The Atlantic over ‘malicious hit piece’ alleging excessive drinking
FBI Director Kash Patel sued The Atlantic magazine for $250 million on Monday, claiming an article that talked about his alleged excessive drinking was false and a “malicious hit piece.”…
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Israel’s GDP Per Capita Surpasses U.K. and France, Underscoring Economic Strength
Israel’s economic standing continues to strengthen on the global stage, with new data from the International Monetary Fund (IMF) showing the country’s GDP per capita has surpassed that of major…
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Macy’s recalls popular kitchen item over burn risk
Macy’s is recalling thousands of Arch Studio tea kettles after federal safety officials warned of a potential burn hazard tied to the product. The recall, announced April 16 by the…
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Italian court rules every Netflix price hike from 2017 to 2024 unlawful and orders the company to refund subscribers up to 500 euros
Subscribers of streaming services certainly are sick and tired of price hikes, yet users often have little recourse other than simply canceling their accounts. But for users in Italy, they…
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Trump: Energy Secretary Wright ‘totally wrong’ on delayed return to $3 gas
President Donald Trump pushed back Monday on his own energy secretary’s claim that a return to $3-a-gallon gas will not come through the end of the year. “No, I think…
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United Airlines merger talk puts spotlight on American CEO’s future, experts say
A bold merger proposal from United CEO Scott Kirby to President Donald Trump has left American Airlines’ CEO Robert Isom in the crosshairs, with analysts predicting the board may oust…
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Global Shipping Costs Rise as Companies Adjust to Growing Trade Route Risks
Global supply chains are entering a new phase of uncertainty as rising geopolitical risks begin to drive up shipping costs and insurance premiums, forcing companies to reassess logistics strategies. Shipping…
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U.S. Regulators Intensify Scrutiny of Big Tech as AI Power Concentrates
U.S. regulators are stepping up scrutiny of major technology companies as artificial intelligence rapidly expands, raising concerns about market concentration and competitive fairness across the digital economy. Federal Trade Commission…
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Federal Reserve Signals Rate Cuts May Be Delayed as Inflation Risks Persist
Federal Reserve officials are signaling a more cautious approach to interest rate cuts, emphasizing that inflation risks remain elevated and policy decisions will not follow a fixed timeline. Federal Reserve…
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French prosecutors summon Elon Musk over X’s alleged “complicity” in spreading child abuse materials
Elon Musk has been summoned to Paris on Monday, where investigators are looking into allegations of misconduct related to the social media platform X, including the spread of child sexual abuse…
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Nvidia’s Jensen Huang says AI assistants will act more like overbearing managers rather than job destroyers: ‘They’ll be micromanaging you’
Tech leaders are split on how AI will shake up the world of work. While some CEOs are staunch believers that a white-collar jobs armageddon is imminent, others say it’ll…
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White House Prepares New Iran Sanctions as It Weighs Alternatives to Escalation
The White House is preparing a new round of sanctions targeting Iran as tensions rise over maritime security, signaling a strategy that leans on economic pressure rather than immediate military…
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At first meeting of Obama, Mamdani, they read to preschoolers and led a singalong
Former President Barack Obama met with New York Mayor Zohran Mamdani for the first time on Saturday at a child care center where they read to preschoolers and led a singalong. The meeting comes…
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Spirit Airlines looked it was in the clear of reemerging from bankruptcy, but rising fuel costs threaten its exit
Spirit Airlines’ emergence out of its second bankruptcy in as many years is under pressure as jet fuel prices soar. On Feb. 24, just days before the war in Iran…
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It’s crunch time for Kevin Warsh: Here’s how he might begin selling the idea of rate cuts—it requires some complex economic gymnastics
At 10 a.m. tomorrow morning, Kevin Warsh’s public campaign to lead the Federal Reserve begins. So far, markets, policymakers, and economists have only been able to speculate as to Warsh’s…
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