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Jason MaFortune |
"The days of the world letting America live beyond its means are rapidly coming to an end."
LinkedIn cofounder and top Democratic donor Reid Hoffman said he's "very sympathetic" to Musk's core cause of reining in deficits.
The latest spat between the Trump administration and the Federal Reserve is sounding more like a home-improvement reality TV show.
Families can contribute up to $5,000 a year into Trump accounts, with employers allowed to chip in up to $2,500 of that amount.
"I, like many other longtime doves, am joining the hawks, because our nation’s budget math just got a lot more dangerous."
"Markets appear to believe that Trump will again back down. We are not so sure."
"AI is not destiny. We must choose wisely. We must design intentionally. And we must keep humans at the centre of this revolution."
Jerome Powell actually wears two hats: He is chair of the Fed's board of governors and chair of the Federal Open Market Committee.
While markets expected an extension ahead of the July 9 end to the tariff reprieve, administration officials signaled there will be just a few weeks'...
"A new economic order is forming—which means that it is not yet fixed and can still be shaped."
"I don’t want to be crawling over people, so I tend to sit on the aisle so I can get out and do stuff."
"That's why investing is important because generational wealth has to start somewhere," economic commentator Kyla Scanlon said.
Wells Fargo sketched out a hypothetical scenario where the world is divided into three trading blocs led by the U.S., China, and the EU.
"Hiring an entry worker at a tech company has fallen 50% since 2019. Is that really where we want all of our kids to go?"
Relatives of prominent Texas politicians, including President Lyndon Johnson, have attended the camp over the years.
Trump said that about “10 or 12” tariff letters would go out Friday, with additional letters coming “over the next few days.”
More fiscal sticker shock could send Treasury yields higher and add more pressure on the dollar, which is already down 10% this year, its worst...
Wall Street will begin a holiday-shortened trading week after the S&P 500 and Nasdaq notched new record highs on Friday.
"I don't think that we should have billionaires, because, frankly, it is so much money in a moment of such inequality," Mamdani said.
"I'm gonna send letters. That's the end of the trade deal."
"If he or she contradicts what Powell is saying, that will aggravate the FOMC, almost all of whose members will still be there when the new chair...
The latest Case-Shiller home price report showed a 0.3% monthly fall in the 20-city index in April, steeper than March's downwardly revised 0.2% dip.
"It’s a setup that works fine when confidence is high, but in shaky times like 2025, it can become a pressure cooker."
Where would the S&P 500 be today if Trump hadn't shocked Wall Street with much steeper-than-expected tariffs?
About 20 million barrels of oil a day flow through the Strait of Hormuz, or the equivalent of 20% of global petroleum liquids consumption.
"And then it's not the U.S. and ongoing war. Rather it's a big win. It's not peace, but it's a big win for Trump. And it's an even bigger win for the...
"It will take some time for this conflict to settle, but the market will view the worst is now in the rear-view mirror," Dan Ives wrote.
"Perhaps they should follow President Trump's lead and give peace a chance," Vance said.
Based on the closing price of Brent crude on Friday, a 10% jump would send the global oil benchmark to nearly $85 per barrel.
"They can strike US embassies and bases, attack oil facilities in the Persian Gulf, mine the Strait of Hormuz, or rain missiles on Israel—but the...
While consumer sentiment recovered a bit after Trump postponed his highest tariff rates, it's still 20% below December 2024 levels.
"While the war between Israel and Iran can always escalate, conflicts are not usually a sustained bullish price driver."
"This would seem like a victory for the world and yet would produce $400 billion of annual revenue for US taxpayers."
"I’m sure someone’s lost their job," said the CEO of Sandoz, which has now filed to launch a generic GLP-1 in Canada next year.
That came as fresh attacks targeted Iran's energy infrastructure, including fuel supplies and a top natural gas field.
U.S. oil prices jumped 2% to $74.50 per barrel, and Brent crude also shot up 2% to $75.77.
Israel has targeted Iran's stockpile of missiles as well as its ability to launch them, according to the Institute for the Study of War.
"Hi everyone! I’m looking to get back into the U.S. Food Industry and I'm pretty open to positions," Boelter wrote on LinkedIn last month.
For those looking to climb the ladder in Corporate America, the path to success doesn't always run through business school.
According to the website for his company Praetorian Guard Security Services, Boelter is listed as director of security patrols.
The Minnesota shooting comes nearly a year after an assassination attempt on Donald Trump in Pennsylvania.
An Iranian lawmaker said closure of the Strait of Hormuz, a critical chokepoint in the global energy trade, was under serious consideration.
The 10-year Treasury yield jumped 6.9 basis points on Friday to $4.426, reversing a dip in the immediate aftermath of the attacks.
“No president has ever federalized the National Guard for purposes of responding to potential future civil unrest anywhere in the country.”
A strong jobs report on Friday added more fuel to a rally that has lifted the S&P 500 to within 2.4% of its all-time high.
A workforce that is growing more slowly doesn't need as much hiring to absorb the additional labor supply.
"All that these troops will be able to do is provide a form of force protection and other logistical support for ICE personnel."
BofA found that 22% of Gen Z homeowners bought their home with siblings, surging from 12% in 2024 and just 4% in 2023.
Trump added that he has "no intention of speaking" to Musk anytime soon, saying "I’m too busy doing other things.”
"Those of us in tech cannot have a tin year to what is this going to mean for the average person."
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