President Trump said Wednesday he asked Google CEO Sundar Pichai to rename the Atlantic Ocean on the company’s Google Maps application, a request the tech executive denied. “We seriously looked at the Atlantic Ocean,” Trump said during a rally in Clemson, S.C. The president then praised Google Maps for changing the respective names of the…
A majority of respondents to a recent survey want the next Congress to focus on lowering the cost of living and winding down the Iran war. Roughly 80 percent of the 1,119 respondents to the Associated Press-NORC Center for Public Affairs Research poll said lawmakers should make lowering prices one of their highest priorities in…
September’s uptick in inflation dealt Americans with higher prices just before the midterm elections, as Democrats seek to wrestle back control of Congress from the GOP by highlighting affordability concerns. Annual inflation was 3.7 percent last month, according to the consumer price index (CPI). On a monthly basis, the cost of energy, gas and electricity…
GOP Sen. Bernie Moreno (Ohio) said Tuesday he will introduce legislation to expand access to the Trump administration’s investment accounts for children to Americans younger than 40. “This is a game-changer and I’ll lead the bill in the Senate to make it happen,” Moreno wrote on the social platform X. “Trump Accounts are already transforming…
Billionaire investor Ken Griffin said Tuesday that investors are dealing with an artificial intelligence bubble, as companies rack up debt to satisfy the demand for data centers and models. “There’s almost certainly bubbles within this moment in time. And any radical transformation of our economy is generally intertwined with a bubble,” Griffin, the founder of…
Virginia Gov. Abigail Spanberger (D) is pushing for a six-year pause on electricity rate hikes in the commonwealth as part of a merger between NextEra Energy and Dominion Energy. Spanberger on Monday filed expert testimony with the State Corporation Commission (SCC), urging it to reject the proposed merger if the two companies do not agree…
United Airlines CEO Scott Kirby backed national wealth and inheritance taxes in an interview published Sunday, arguing they would help level the playing field for Americans. Kirby told The New York Times that wealth inequality “has become a danger to our society,” adding the federal government must “address” it. “We should have a national wealth…
The Saudi government has postponed its annual investment conference — known colloquially as “Davos in the Desert” — to next year, after the Iran-backed Houthi rebels carried out multiple deadly attacks on Saudi Arabia earlier this month. Organizers at the Future Investment Initiative (FII) Institute postponed the 10th edition of the conference, which was set…
Kevin Hassett, the director of the National Economic Council (NEC), dismissed recent polling Monday, instead arguing the U.S. economy is “in a boom.” During an interview on CNBC’s “Squawk Box,” Hassett said consumer spending indicates the economy remains strong. “If economic polls … were correct, then people wouldn’t be taking trips to nice hotels, they…
JPMorgan Chase CEO Jamie Dimon said in an interview published Monday that the U.S. economy, while performing well, has to fend off “inflationary” events. “The American economy is kind of booming right now. It’s good times,” Dimon told Alan Murray of The Wall Street Journal Leadership Institute. Dimon noted that corporate profits are “way up,”…
Democratic Sen. Elizabeth Warren (Mass.) on Sunday warned against a merger between Sysco and Restaurant Depot, arguing it could lead to an increase in restaurant prices. “Watch out: going out to eat at your favorite restaurant could become even more expensive,” Warren wrote on the social platform X. “The Trump administration might approve a merger…
Recent data paints a bleak picture of the economy, lending Republicans another blow as midterm early voting is underway. Annual inflation, as measured by the consumer price index (CPI), rose from 3.4 percent in August to 3.7 percent in September, the Bureau of Labor Statistics (BLS) reported Wednesday. A day later, the BLS reported wholesale…
An international oil benchmark hit $110 per barrel on Friday, as the industry faces persistent shocks from the U.S.-Iran and Russia-Ukraine wars. The price of Brent crude oil, the international standard, hit $110 during Friday trading. That marked the first time it has reached that high since May 20, less than three months after the…
President Trump’s primary legal fund is more than $1.9 million in debt, according to its latest filing with the Federal Election Commission (FEC). Save America PAC, which Trump formed after he lost the 2020 presidential election, spent more than $5.4 million in the third quarter and had spent more than $14 million from the start…
Federal Reserve Chair Kevin Warsh declined Friday to predict central bank officials’ future course on interest rates, less than two weeks before they meet to discuss monetary policy. “I don’t prejudge meetings. I don’t believe in saying now what I might do at the meetings that we have in the balance of this year,” Warsh…
Five House Republicans signed on to a letter Thursday urging President Trump to cancel the Russian diesel deal he announced last week. GOP Reps. Don Bacon (Neb.), Brian Fitzpatrick (Pa.), Michael McCaul (Texas), Dan Newhouse (Wash.) and Joe Wilson (S.C.) joined 17 of their Democratic colleagues in writing they were “particularly concerned” about the deal.…
Six in 10 respondents to a recent survey said they were extremely concerned about government corruption, putting it ahead of inflation, healthcare and other issues. Nearly 90 percent of 1,202 respondents to the Fox News poll said they were either extremely or very concerned about government corruption, putting the issue just ahead of inflation and…
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