Business

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 […]

Elon Musk had high praise for the diner and electric vehicle (EV) charging station that Tesla is creating in Los Angeles.The Tesla CEO said early Monday morning on X that he "just had dinner at the retro-futuristic @Tesla diner and Supercharger." "Team did great work making it one of the coolest spots in LA!" he wrote. The Tesla Diner, which has not yet opened to the public, sits on Santa Monica Boulevard […]

The largest-known piece of Mars ever found on Earth is going up for auction on Wednesday and could fetch as much as $4 million because of the rareness of an extraterrestrial item.Sotheby’s auction house is opening the bidding on a meteorite that it calls "an incredibly rare discovery," at $1.6 million.According to the auction site, bidders are bidding on the largest piece of Mars on Earth, which was ejected from […]

Wine and cheese producers in France warn that President Donald Trump’s proposed 30% tariffs on European imports will have a damaging impact on the country’s agricultural industry.Trump announced last week that his administration will impose a 30% tariff on goods from members of the European Union (EU) beginning on Aug. 1, citing trade deficits and national security concerns.In a letter to European Commission President Ursula von der Leyen, Trump claimed […]

Organizations that don't adapt to the "treacherous" cybersecurity landscape will be ambushed "by blind spots all over their network," according to cloud security company CEO Aviatrix Doug Merritt.Recent attacks on major brands like AT&T, North Face and Cartier highlight what cyber criminals are capable of today, "particularly with the increased adoption of artificial intelligence," Merritt said. Amy Bunn, online safety advocate at computer security company McAfee, described the attacks on major […]

The White House Economic Council Director is defending President Donald Trump's decision to impose a 50% tariff on copper imports.In an interview on ABC's "This Week," Director Kevin Hassett pointed to the importance of the U.S. being self-sufficient when it comes to key resources."The bottom line is that if there is a time of war, then we need to have the metals that we need to produce American weapons," Hassett […]