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…

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…

The Trump administration is rolling out the new “Trump Accounts” that will aim to provide children with a jump start on savings and investment that could grow into a substantial nest egg by the time they reach adulthood. Trump accounts are tax-advantaged savings accounts that the administration created through the…

American Airlines announced Thursday it plans to reinstate nonstop service between the U.S. and Venezuela, signaling a broader thaw in commercial and travel ties between the two nations. The carrier said it is ready to resume its daily service to the country once it gets government approval. This would make…

Middle-income Americans are continuing to feel financial strain and say their income is being outpaced by the rising cost of living, according to a new analysis by Primerica. The financial services firm released the latest edition of the Primerica U.S. Middle-Income Financial Security Monitor quarterly survey on Thursday, which showed…

Far be it from me to encourage a government shutdown. Especially one that would shut down FEMA in the midst of bad winter storms, or close down the Secret Service, remembering the assassination attempts on President Trump’s life. But that’s all you get if you defund DHS in this CR,…

An analysis by the Federal Reserve Bank of Kansas City found that tariffs may have slowed job growth in the U.S. economy in 2025 after higher import taxes were implemented. Economists at the Kansas City Fed noted that employment growth slowed markedly from 170,000 per month in 2024 to only 75,000 per…

A San Francisco bakery is facing online backlash after selling cookies with messages denouncing Immigration and Customs Enforcement (ICE). Devil’s Teeth Baking Company began selling shortbread cookies iced with the phrase “F— ICE” at its three locations in the blue city this week followed recent agent-involved shootings and escalating unrest…

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.…

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…