Business

Federal Reserve Chair Jerome Powell has asked the central bank's inspector general to review the renovation of its historic headquarters in Washington, which Trump officials have seized on as a new way of criticizing the Fed's operations amid a push to compel Powell's resignation.Over the weekend, Powell reportedly asked Federal Reserve Inspector General Michael Horowitz to review the project — which has been beset by cost escalations compared to the renovation's pre-pandemic […]

KFC is looking to make a comeback as it rolls out an offer of free buckets of fried chicken and makes some menu additions. The fried chicken chain on Monday unveiled a limited-time offer of a "Free Bucket on Us" to U.S. customers that purchase $15 worth of food through its website or app. They must belong to the KFC Rewards program to get the deal.With the promotion, the Yum! Brands-owned chain […]

Tariff revenues topped a record $113 billion for the first time during the fiscal year – a revelation that comes as President Donald Trump imposes near-weekly duties on some of the world’s largest economies.The U.S. received more than $27 billion in customs duties in June, the highest figure so far this year, according to the Treasury Department's "Customs and Certain Excise Taxes" data. Compared to last June, this year's figures […]

Nvidia CEO Jensen Huang believes more jobs will be created as a result of ever-changing artificial intelligence (AI). Huang has spoken to media outlets in recent days about the shift in the workforce, contrasting remarks of a "white-collar apocalypse" by AI safety and research company Anthropic's CEO, Dario Amodei."Everyone's jobs will change," Huang said, according to Axios. "Some jobs will be unnecessary. Some people will lose jobs. But many new jobs will […]

Bitcoin hit a record high on Monday amid investors' optimism that the cryptocurrency may soon have more regulatory certainty with legislation moving through the Republican-led Congress.Investors on Monday pushed bitcoin above the $120,000 threshold for the first time, touching an all-time high above $123,000 before paring some of those gains and trending closer to $120,000. That brings the cryptocurrency's year-to-date gains to 28.5%.Bitcoin's rise comes ahead of the House of […]

Experts say the Federal Reserve is unlikely to cave to President Donald Trump's demands for lower interest rates amid the administration's aggressive reset of global trade relationships.TRUMP CRITICIZES FED CHAIR POWELL OVER RISING INTEREST RATES"The primary reason for the delay in cuts is inflation uncertainty from tariffs and the administration's trade policy in general," explained Jai Kedia, a research fellow at the Cato Institute's Center for Monetary and Financial Alternatives."Such […]

Barstool Sports president Dave Portnoy slammed the "communist" New York City Democratic mayoral candidate Zohran Mamdani in an interview Monday, claiming he would be more likely to blame the victims of 9/11 than the terrorist hijackers during an appearance on Stuart Varney Monday."It's a very scary time," Portnoy said. "I can't believe that this guy may be the mayor of New York City.""This is one of the worst, scariest candidates," […]

International airlines are preparing to inspect their Boeing fleets after a preliminary investigation into last month’s fatal Air India crash identified flaws linked to the plane’s fuel cutoff switches. The engines of Air India’s Boeing 787 Dreamliner — which caused the world's deadliest aviation accident in a decade with 260 deaths — were starved of fuel when cutoff switches suddenly flipped mid-flight, according to a preliminary report released Saturday by India's aircraft investigators. […]

Starbucks CEO Brian Niccol is requiring employees to return to the office four days a week as the coffee giant aims to turnaround its business. Employees at its Seattle and Toronto support centers, as well as its North America regional offices, will be required to be in the office Monday, Tuesday, Wednesday and Thursday starting in October, Niccol told employees in a letter on Monday. Currently, employees are only required to […]