Jerome Powell says Fed independence isn’t lost… yet. ‘I certainly hope we won’t’ lose it
“We haven’t lost it. I don’t believe we will. I certainly hope we won’t,” Powell said. But Powell maintained the Fed has remained prudent on cuts, balancing the dual mandate of…
Fed holds rates at an unusual moment: Stocks at record highs, dollar under pressure, and Powell in the crosshairs
The Federal Reserve on Wednesday held interest rates steady at 3.50% to 3.75%, attempting to project an image of stability as the U.S. financial landscape splits into two jarring realities:…
Football snubs Bill Belichick, one of its greatest ever coaches—showing how his unapologetic leadership style came with a cost
Football has finally done to Bill Belichick what the former New England Patriots coach did to so many others for decades: offered a cold, clinical rejection. The Pro Football Hall…
Scott Bessent on the 39% of young Americans thinking favorably of socialism: They’re just not invested in the stock market
U.S. Treasury Secretary Scott Bessent is drawing a sharp line between young Americans’ skepticism of capitalism and their lack of market participation, arguing that attitudes toward socialism are inseparable from…
Every U.S. Olympian is going home with $200,000, whether they medal or not, thanks to a billionaire’s $100 million gift
Billionaire Ross Stevens wants to change that. Beginning with next month’s Milan Cortina Games, he will give $200,000 to every U.S. Olympic and Paralympic athlete, regardless of if they win,…
As AI automates roles and companies pull back hiring, Americans hit rock-bottom confidence in landing a job—and baby boomers fear they’re locked out
It marks a record low since the surveys started tracking the data back in 2013, and the report notes that several demographics are driving rock-bottom employment expectations. “Generally, workers are anxious…
Jeff Bezos capped his Amazon salary at $80,000: ‘How could I possibly need more incentive?’
During the early years of the now $2.61 trillion online retailer, Bezos said he asked the board “not to give me any comp,” beyond a modest base salary of just…
Detroit’s top carmaker just wrote down $7.6 billion on its EV business—and grew its market cap by the same amount. Here’s how GM did it
The Detroit giant, long seen as the standard-bearer for traditional U.S. carmaking, reported 2025 adjusted Ebit of $12.7 billion, landing at the high end of its guidance range, and $10.6…
Fortune 500 CEOs are no longer giving employees an A for effort. Now they want proof of impact
To be sure, corporate America does not run on goodwill and how hard workers try. Employers have always expected their workers to produce results. But as AI floods the workplace…
New filings exposing Elon Musk’s financials for X in the U.K. show revenue plummeted 58% in 2024
Elon Musk’s social media platform X suffered a 58% revenue collapse in its U.K. operations during 2024, according to financial disclosures newly filed with Companies House, marking another brutal year…
