Transportation services company Penske is calling the use of its rental trucks during a Department of Homeland Security (DHS) operation in Los Angeles “improper” following a raid at an LA-area Home Depot. Penske addressed the situation after federal agents were seen in their vehicles during the Wednesday incident that resulted…

President Donald Trump’s long-threatened reciprocal tariffs took effect Thursday, slapping many nations with substantial tariff increases. Trump initially announced the tariff levels on “Liberation Day” or April 2, ultimately delaying the plan until now to give nations time to negotiate trade deals. While many nations did strike a deal, goods…

U.S. Commerce Secretary Howard Lutnick offered a timely update on America’s trade deal with China, saying it’s likely that President Donald Trump would extend the trade deadline by another 90 days. When asked by FOX Business’ Maria Bartiromo on Thursday whether the trade truce deadline will be extended, he responded,…

Skydance Media and Paramount Global announced the completion of their long-planned, $8 billion merger on Thursday as the Federal Communication Commission (FCC) continues to probe CBS News.  The new company is dubbed “Paramount, a Skydance Corporation,” which is the parent company to a variety of media and entertainment assets, including CBS,…

Young Americans continued to make up the largest share of those transitioning into credit card delinquency in the second quarter, according to a report released by the New York Federal Reserve.Despite ticking down slightly from the previous quarter, the report showed that nearly 10% of credit card balances held by…

Disney settled a wrongful termination lawsuit on Thursday that was filed by former “Star Wars” actress Gina Carano, bringing to an end a years-long dispute. “I have come to an agreement with Disney/Lucasfilm @disney @Lucasfilm which I believe is the best outcome for all parties involved. I hope this brings…

The Biden administration vastly overestimated job growth during its final two years, pro-Trump economist Steve Moore said in a brief presentation from the Oval Office Thursday afternoon as he unveiled new unpublished Census Bureau data. Moore’s findings come amid the backlash President Donald Trump is facing for firing the head…

President Donald Trump announced on Thursday that he has selected Council of Economic Advisers Chairman Stephen Miran to join the Federal Reserve Board of Governors, the panel tasked with helping guide the nation’s monetary policy.  Trump said in a Truth Social post that Miran will serve in the role until…

Elon Musk escalated tensions in the critical artificial intelligence race Thursday, asserting his most advanced AI model, Grok 4 Heavy, was already outperforming OpenAI’s newly launched GPT-5 two weeks ago. “Bottom line though: Grok 4 Heavy was smarter 2 weeks ago than GPT5 is now and G4H is already a…

President Trump’s message to global chipmakers is: Manufacture in the United States, and you won’t be slapped with a hefty tariff.  “We’ll be putting a tariff on approximately 100% on chips and semiconductors. But if you’re building in the United States of America, there’s no charge, even though you’re building,…