Business

President Donald Trump's administration is demanding schools prove that they are not conducting race-based admissions.The Department of Education released a memo on Thursday detailing a new auditing process for college admissions in order to find any instances of civil rights violations.In order to "promote transparency," the Department of Education directed the National Center for Education Statistics to collect admissions data to show Americans that they are not conducting race-based preferences […]

President Trump has decided to remove Billy Long from his role as commissioner of the Internal Revenue Service (IRS), with the former lawmaker announcing Friday that he will be taking on a new role as U.S. Ambassador to Iceland."It is a honor to serve my friend President Trump and I am excited to take on my new role as the ambassador to Iceland," Long posted to X Friday afternoon. "I […]

A Martha's Vineyard estate where the Obama family vacationed for several summers, known as Blue Heron Farm, was sold to billionaire Les Wexner to the tune of $37 million. The buyer was a trust managed by Matthew Zieger, who is the attorney of the retail executive, according to a report from the Real Deal. The home, owned by Norman Foster and his wife, Elena Ochoa Foster, went under contract just weeks after being listed […]

U.S. gold futures rose to a record high on Friday amid uncertainty over whether the Trump administration's country-specific import tariffs would apply to the most commonly traded sizes of gold bars.Washington may place the most widely traded gold bullion bars in the U.S. under country-specific tariffs, according to a ruling on the U.S. Customs and Border Protection Service's website.That ruling came as a blow to global supply chains for the metal and […]

The clash between Alan Dershowitz, the lawyer widely recognized for representing Jeffrey Epstein and President Donald Trump, and a Martha's Vineyard pierogi stand escalated again after the stand refused to serve him a second time.Dershowitz approached Good Pierogi at the West Tisbury Farmers Market again on Wednesday, requesting they sell to him, though tensions flared when observers said he misgendered the chef, Krem Miskevich, referring to them as "he." Miskevich […]

Treasury Secretary Scott Bessent said Thursday that financial markets are pricing in a high likelihood of the Federal Reserve cutting interest rates before the end of the year amid concerns about tariffs pushing inflation higher.Bessent, during an appearance on Fox News' "Special Report with Bret Baier," said after the Fed held interest rates steady for its fifth straight meeting in late July citing concerns about tariff-induced inflation squeezing consumers was "somewhat a […]

Elizabeth Holmes, the Theranos founder who's serving an 11-year sentence for defrauding investors over blood-testing technology that did not work, has been passing time in Texas federal prison by exercising. She was spotted jogging multiple times this week.Holmes, 41, was photographed on Tuesday carrying weights around the recreation yard at Federal Prison Camp in Bryan, Texas. The disgraced former CEO wore a gray shirt and shorts, as well as compression gloves, […]

The Biden administration vastly overestimated job growth during its final two years, pro-Trump economist Steve Moore said in a brief presentation from the Oval Office Thursday afternoon as he unveiled new unpublished Census Bureau data.Moore's findings come amid the backlash President Donald Trump is facing for firing the head of the U.S. Bureau of Labor Statistics (BLS), a Biden-era appointee who he has claimed issued "rigged" jobs numbers during the […]

Disney settled a wrongful termination lawsuit on Thursday that was filed by former "Star Wars" actress Gina Carano, bringing to an end a years-long dispute."I have come to an agreement with Disney/Lucasfilm @disney @Lucasfilm which I believe is the best outcome for all parties involved. I hope this brings some healing to the force… I hope to make you proud. I am excited to flip the page and move onto […]