Fed Chair Jerome Powell says no need to rush rate cuts, cites strong economy

Ongoing economic growth, a solid job market, and inflation that remains above the 2% target means the central bank does not need to rush to lower interest rates and can deliberate carefully, Federal Reserve Chair Jerome Powell said Thursday. In remarks that align with a developing expectation in financial markets for fewer rate cuts next year than previously forecast by Fed … Read more

Trump’s transition team aims to kill Biden EV tax credit

President-elect Donald Trump’s transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct knowledge of the matter told Reuters. Ending the tax credit could have grave implications for an already stalling U.S. EV transition. And yet representatives of Tesla – by … Read more

Column: In Matt Gaetz, Donald Trump has chosen the anti-attorney general

Former Rep. Matt Gaetz (R-Fla.), seen at the Conservative Political Action Conference in February, is President-elect Donald Trump’s choice for attorney general. (Alex Brandon / Associated Press) How detrimental will President-elect Donald Trump’s second term be to the rule of law? We got the answer with Wednesday’s announcement of his intent to nominate Florida Rep. … Read more

Teddi Mellencamp sidesteps affair questions following cheating bombshell: ‘Multiple sides to every story’

Teddi Mellencamp avoided discussing her alleged affair with a horse trainer after their relationship was exposed this week. The “Real Housewives of Beverly Hills” alum vaguely acknowledged that she cheated on estranged husband Edwin Arroyave during Thursday’s episode of her podcast with Tamra Judge, “Two Ts in a Pod.” “There’s multiple sides to every story,” … Read more

Disney faces backlash over ‘Snow White’ star Rachel Zegler’s Trump comments: ‘Unhinged and a liability’

Rachel Zegler is whistling a controversial tune. After the “Snow White” star went on a tirade against those who voted for Donald Trump in the 2024 election, the president-elect’s supporters began calling for Disney to take action. Zegler plays the titular role of Snow White in the live-action film, which is set to release in … Read more

Why Matt Gaetz’s AG nomination could be ‘bad news’ for Google, other Big Tech monopolies

Donald Trump’s nomination of Matt Gaetz to serve as US attorney general could spell trouble for Google and other Big Tech giants accused of maintaining monopolies. Confirmation of the ex-GOP congressman as the nation’s top law enforcer is far from a sure thing. The president-elect’s nomination of Gaetz — who faced a House Ethics Committee … Read more

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