US Senators have sent a letter to Powell asking for a 75bps cut

US Senators have sent a letter to Powell asking for a 75bps cut. Their letter: "For months we have been calling upon you to cut the federal funds rate.1 As we wrote in June, the Fed’s elevated interest rates are not successfully addressing the remaining drivers of

Apple, AAPL, has received FDA approval for Sleep Apnea Detection on the Apple Watch

Apple, $AAPL, has received FDA approval for Sleep Apnea Detection on the Apple Watch. Sleep apnea detection is among the standout new features introduced with the Apple Watch Series 10, as well as last year's Apple Watch Series 9 and Apple Watch Ultra 2. When first announced, the

Red Lobster has exited bankruptcy

Red Lobster, famed for its affordable seafood and cheddar biscuits, has emerged from Chapter 11 bankruptcy protection. Earlier this month, a U.S. bankruptcy judge approved the seafood chain's reorganization plan, which involved a lender group led by asset manager Fortress Investment Group acquiring the business. This approval

Amazon, $AMZN, has told its employees to return to office 5 days a week

Amazon, $AMZN, has told its employees to return to office 5 days a week. Amazon CEO Andy Jassy recently advised employees to either comply with the company's return-to-office plan or consider seeking employment elsewhere, a stance confirmed by Amazon to CNN. This follows a report from Insider highlighting

Donald Trump: I HATE TAYLOR SWIFT

Former President Donald Trump took to Truth Social on Sunday to express his frustration with pop star Taylor Swift, just days after Swift endorsed Vice President Kamala Harris. “I hate Taylor Swift!” Trump declared in all caps on the social media platform owned by Trump Media & Technology Group. Swift’

Multiple shots fired at Trump National Golf Club in West Palm Beach where president Trump was golfing

The Secret Service is currently addressing a shooting incident that occurred near Donald Trump as he was departing from his golf club in West Palm Beach, Florida, according to law enforcement officials. "President Trump is unharmed following the gunfire in his area. No additional details are available at this

The interest payments on the national debt just exceeded the defense budget, Elon Musk has said

Billionaire Elon Musk cautioned on Monday that the U.S. is rapidly approaching a debt default, with its national debt accelerating past a record $35 trillion just weeks ago. In a discussion at the All-In Podcast's All-In Summit 2024, Musk was asked about his proposed government efficiency commission,

United Airlines, $UAL, will have Elon Musk’s Starlink internet on its entire flights and will offer it to passengers for free

United Airlines has reached an agreement with Elon Musk's SpaceX to provide satellite-based Starlink WiFi service on its flights within the next few years. The airline announced on Friday that the service will be free for passengers and will support multiple device connections. United plans to start testing

Donald Trump states that illegal immigrants will be banned from renting apartments or getting mortgages

Donald Trump states that illegal immigrants will be banned from renting apartments or getting mortgages. Trump suggested that the proposed measure would help alleviate housing affordability issues, arguing that a “flood” of illegal immigrants is driving up housing costs. However, undocumented immigrants account for only a small fraction of the

Brazil has unfrozen Starlink and X's assets after paying a combined $3.3 million transfer

On Friday, the Brazilian Supreme Court lifted the freeze on the assets of Starlink and X. This decision came after approximately $3.3 million in funds from both companies were transferred to the government to cover fines allegedly incurred by X, which is led by Elon Musk. According to an

JPMorgan, JPM, chief Jamie Dimon has warned US economy faces an outcome worse than a recession

Since Jamie Dimon took charge in 2006, JPMorgan Chase—boasting both retail and investment sectors—has grown into the largest and most influential bank globally, with assets totaling $4 trillion. At a fall conference hosted by the Council of Institutional Investors in New York City on Tuesday, Dimon, 68, expressed

Prospective buyers need to make about $50,000 more now than pre-pandemic in order to “comfortably” afford a home

If it feels like renting is significantly more expensive now than it was just a few years ago, that’s because it is. According to Realtor.com’s June 2024 Rental Report, median rent prices have surged by 21% since 2019, which translates to about $305 more per month on

Donald Trump has said taxpayer dollars shouldn't be wasted to arrest people for small amounts of marijuana

On Saturday, former U.S. President Donald Trump expressed his support for decriminalizing marijuana, arguing that taxpayer funds should not be spent on arresting individuals carrying "personal amounts." "In Florida, as in many other states that have already approved it, personal amounts of marijuana will be legalized

Mortgage rates in the US have dropped to the lowest since February 2023

A week earlier, Freddie Mac reported in a statement on Thursday that borrowing costs have been easing from recent peaks, with declines occurring in five out of the past seven weeks. Although this drop has encouraged some potential buyers to take action, high home prices and a limited number of

JPMorgan, JPM, has just capped junior bankers’ hour at 80 per week

JPMorgan, $JPM, has just capped junior bankers’ hour at 80 per week For the first time ever, the U.S. government has spent over $1 trillion this year on interest payments for its $35.3 trillion national debt, according to a report from the Treasury Department on Thursday. With the

The U.S. government for the first time has spent more than $1 trillion this year on interest payments for its $35.3 trillion national debt

For the first time ever, the U.S. government has spent over $1 trillion this year on interest payments for its $35.3 trillion national debt, according to a report from the Treasury Department on Thursday. With the Federal Reserve maintaining its highest benchmark rates in 23 years, the government

Apple, $AAPL, must pay $14 billion tax bill to Ireland

The European Union's top court on Tuesday dismissed Apple's final appeal against an order from the bloc's executive commission to repay €13 billion (over $14 billion) in back taxes to Ireland, concluding a long-running legal battle. The European Court of Justice overturned a lower

Looking for work is a struggle and headhunters are making it even harder

Looking for work is a struggle and headhunters are making it even harder, per FORTUNE. More than 8 in 10 recruiters say they post ‘ghost jobs,' positions that either don’t exist or are already filled. The August jobs report is “consistent with a slowing economy and a cooling

68% of millennials and Gen Zers have received or expect to receive an inheritance of nearly $320,000

A massive wealth transfer is currently underway. “It has begun, and it’s only going to accelerate,” said Liz Koehler, head of advisor engagement at BlackRock’s wealth advisory division. Baby boomers are expected to pass on more than $68 trillion to their children. However, some millennials and Gen Z

Elon Musk has said: We will never reach Mars if Kamala wins

Elon Musk has said: We will never reach Mars if Kamala wins. A successful mission to Mars may hinge on the outcome of the U.S. presidential election in October, according to SpaceX CEO and prominent Republican supporter Elon Musk. "Trump supports a government efficiency commission to allow great

PricewaterhouseCoopers's US unit is laying off about 1,800 workers

PricewaterhouseCoopers (PwC) is laying off about 1,800 employees in its U.S. unit, marking its first formal layoffs since 2009, as part of a restructuring of its products and technology group. The goal is to simplify operations and respond to decreasing demand for certain advisory services. The cuts, affecting

Trump "less inclined" to do another debate with Harris

Kamala Harris' campaign wasted no time after the first debate between her and former President Donald Trump on Tuesday, immediately calling for a second showdown, although Trump seemed unenthusiastic about a rematch. "Under the bright lights, the American people saw the choice they'll face this fall:

Restaurant chain BurgerFi files for Chapter 11 bankruptcy protection

BurgerFi filed for Chapter 11 bankruptcy protection on Tuesday, following a recent warning to investors that it had “substantial doubt” about its ability to continue operating. The company is the latest in a string of restaurant chains, including Red Lobster and Buca di Beppo, that have turned to bankruptcy as

The Federal Reserve’s Raphael Bostic, according to the Fed IG, violated the Fed’s trading rules and acted on confidential information, creating a conflict of interest

Atlanta Federal Reserve President Raphael Bostic violated U.S. central bank policies regarding trading and investments, according to the Fed's internal watchdog, although it noted he did not trade using confidential information. The report from the Office of Inspector General (OIG) stated that Bostic's actions created

Australia says it will ban minors from using social media, considering a minimum age of 14

Australia is considering a potential ban on children using social media as part of government plans to set an age limit for platforms like Instagram and TikTok. This move would place Australia among the first nations to enforce such restrictions, aimed at addressing mental and physical health issues associated with