President Donald Trump fired Gail Slater, his top antitrust enforcer, on Thursday over concerns she was failing to aggressively pursue his affordability agenda, according to multiple sources. Slater announced her departure on X on Thursday, saying she was leaving with “great sadness and abiding hope” and that it was the…

Elon Musk on Thursday slammed Anthropic, accusing the artificial intelligence (AI) company’s models of being “misanthropic and evil.” Musk’s comments came in response to a post on X in which Anthropic — led by CEO and co-founder Dario Amodei and best known for its Claude family of large language models…

Women’s specialty retailer Francesca’s filed for Chapter 11 bankruptcy protection and launched going-out-of-business sales across all of its stores. The company, founded in Houston in 1999, announced Friday that it voluntarily filed for protection in the U.S. Bankruptcy Court for the District of New Jersey. The retailer said the move…

The U.S. national debt is on pace to break a record set after World War II in four years, while annual budget deficits are projected to balloon to $3 trillion a year a decade from now, according to a new analysis by Congress’ financial watchdog. The nonpartisan Congressional Budget Office…

A new study finds that the median American worker has just $955 saved for retirement through a defined contribution plan like a 401(k) account, with most falling well short of recommended retirement savings targets for their ages. The study by the National Institute on Retirement Security (NIRS) found that among all…

Chevron’s flagship Gulf Coast refinery is processing its first Venezuelan oil shipment since the U.S. capture of Nicolás Maduro in Caracas last month, turning heavy, tar-like crude into gasoline, diesel and jet fuel for American consumers. “We’ve been [in Venezuela] for a long time, and it looks like things are…

Mortgage rates inched lower this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage slipped to 6.09% from last week’s reading of 6.11%. The average rate on a 30-year loan was 6.87% a year…

Latino Wall Street is the life mission of Gabriela Berrospi, who founded the financial literacy organization with the goal of eradicating poverty and boosting generational wealth in the Latino community. She and the organization are on a meteoric rise – Berrospi is an in-demand commentator on financial matters in the…

Budget-conscious Americans are returning to McDonald’s as the fast-food giant doubles down on value meals, discounted bundles and limited-time promotions aimed at stretching diners’ dollars. The strategy appears to be working as U.S. sales rose 6.8% in the fourth quarter – the biggest jump in about two years – and…

Billionaire investor and hedge fund manager Bill Ackman is making a big gamble on the future of Mark Zuckerberg and his Meta platforms. Ackman has allegedly committed an estimated $2 billion to Meta, representing a sizable 10% of Pershing Square’s total portfolio, The Wall Street Journal reported. The move is…