Business

Miami is now home to more million-dollar listings than New York — a sign the luxury housing market’s center of gravity continues to drift south.According to Realtor.com’s December luxury housing report, Miami surpassed New York with 10,591 homes listed at $1 million or more, compared to New York’s 10,176 million-dollar listings.New York held the top ranking for nearly a decade, and by late December, Miami solidified its lead as a […]

President Donald Trump's pick of Kevin Warsh to lead the Federal Reserve shifts the focus to the Senate, where confirmation could be delayed by Republican opposition linked to a criminal probe of Fed Chair Jerome Powell.Warsh would succeed Powell, whose term expires in May, but must first be confirmed by a simple majority in the Senate, a process that typically begins with a hearing and vote in the Senate Banking […]

California Gov. Gavin Newsom is forcefully pushing back against a proposed billionaire wealth tax, warning that the plan could cut funding for schools, public safety and other core services rather than fix the state’s budget challenges."California has the most progressive tax structure in the United States of America. We do… That said, I fear the way this has been drafted," Newsom said at a Bloomberg News event in San Francisco […]

Saks Global announced the majority of its Saks OFF 5TH locations across the United States will now be closing, just weeks after a bankruptcy filing.  The luxury retailer said 23 of its Saks OFF 5TH stores will cease operations on Monday, Feb. 2, while another 34 will hold closing sales starting this weekend. Only 12 locations in New York, Florida, New Jersey, Georgia, California and Texas will remain open. "As we advance […]

President Donald Trump said on Friday that he is nominating Kevin Warsh to lead the Federal Reserve, succeeding Jerome Powell when his term expires in May.The move comes at a turbulent moment for the Federal Reserve, as the Justice Department conducts a criminal probe into Powell, the Supreme Court weighs limits on the Fed’s independence and the cost of living tests Trump's economic agenda."I have known Kevin for a long […]

President Donald Trump threatened to decertify Canadian-made aircraft and impose a 50% tariff unless Canada approves Gulfstream jets, accusing Ottawa of illegally blocking certification while allowing its own planes access to the American market.The dispute centers on aircraft certification, a regulatory process that determines whether planes can be sold and operated in a country. Trump has accused Canadian authorities of using that process to restrict U.S.-made Gulfstream jets."Based on the […]

One of Kendall Jenner’s ex-NBA boyfriends who became the center of her first-ever Super Bowl ad traded some friendly banter on social media.Jenner’s ad with Fanatics Sportsbook has gone viral after she implied she’s been betting on the "Kardashian Kurse," a long-running internet joke that any basketball player who gets close to her, or her world-famous sisters, becomes subject to disappointment on the court.Jenner went on "The Tonight Show Starring […]

Thousands of popular products are being pulled from shelves after federal officials uncovered evidence of rodent and bird contamination at a Midwest distribution center.Gold Star Distribution Inc., based in Minnesota, issued a sweeping recall covering food and beverage items, health and beauty products, household goods and more, according to a Dec. 26 notice from the U.S. Food and Drug Administration (FDA).The recalled items, distributed to stores in Minnesota, North Dakota […]

President Donald Trump said Thursday he will announce his pick to replace Federal Reserve Chairman Jerome Powell on Friday.Speaking to reporters on the red carpet for first lady Melania Trump’s new movie, "Melania," Trump was asked how soon he would name a new Fed chair."Tomorrow morning," the president said. "I’ll be announcing the Fed chair tomorrow morning."Former Federal Reserve Governor Kevin Warsh has emerged as a leading contender to replace […]