Business

This is the holiday season, and it’s supposed to be a time for joy and celebration. It’s Christmas and Hanukkah. And family gatherings, office parties, and beautiful Christmas trees and menorahs. And Santa Claus and putting big smiles on the faces of our kids and our grandchildren. Yet suddenly all the news is horrible. It’s like evildoers are trying to snatch happiness from civilized people.I can’t explain the unmentionable deaths […]

Federal Reserve Chair Jerome Powell outlined how the central bank is viewing the labor market after it cut interest rates last week for the third straight time, with a fresh jobs report due out on Tuesday.Powell spoke at a press conference after Federal Reserve policymakers voted to lower the benchmark federal funds rate by 25 basis points to a range of 3.5% to 3.75%, amid signs of a weakening labor market and […]

Echoing President Donald Trump’s call to accelerate medical innovation, Food and Drug Administration (FDA) Commissioner Marty Makary announced that the agency will no longer block companies from submitting real-world data in drug and device applications. He says the shift will cut costs, reduce delays and open the door to faster cures."One thing we've got to do is deliver on President Trump's goal to give more cures and meaningful treatments to […]

Scammers are draining seniors’ life savings at staggering rates, a new Federal Trade Commission report shows, with older Americans reporting about four times more in fraud losses in 2024 than in 2020.Main findings from the FTC’s Protecting Older Consumers 2024-2025 report show that reported fraud losses for adults 60 and older exploded, with about $2.4 billion lost to scams in 2024 — up from about $600 million in 2020.However, the […]

Refinancing may not pay off for most homeowners planning to move in the near future, according to Realtor.com senior economist Jake Krimmel. The key to refinancing, he said, is knowing if a move passes a rule called the "breakeven point," which looks at whether upfront costs are outweighed by the savings from a lower rate."Loan size, remaining term, and, most importantly, how long the borrower plans to stay in their home […]

Traders on the prediction market platform Kalshi place the odds of President Donald Trump selecting Kevin Warsh to succeed Federal Reserve Chairman Jerome Powell at 42%, a 27 percentage point increase this week.Kevin Hassett remains the frontrunner to lead the world’s most powerful central bank, holding a 50% chance despite a 20-point drop.The trading volume, or the total dollar amount wagered on this market, is a little over $10.2 million.TRUMP […]

McDonald’s CEO Chris Kempczinski recently shared some blunt career advice and warned viewers it may "hurt your feelings."In a video posted to his Instagram account earlier this week titled "Tough Love with the McDonald’s CEO," Kempczinski encouraged people to take full ownership of their professional journeys rather than waiting for others to open doors for them."The advice I would give is: remember, nobody cares about your career as much as […]

A Florida mother says a man she believed to be the owner of a popular riverside restaurant in Georgia yelled at her and ordered her to leave after she breastfed her infant — an encounter she says she recorded on her cellphone that shows a man shouting, "Get on out of here!"The incident happened at Toccoa Riverside Restaurant in Blue Ridge, according to Aris Kopiec, and has since spread widely […]

The U.S. Consumer Product Safety Commission (CPSC) recalled several baby and children’s items sold on Amazon because they pose safety hazards, including exposure to toxins and drowning risk.Here’s a look at the products affected, the hazards they pose, and what consumers should do if they have purchased one of these items.More than 2,600 infant walkers sold on Amazon have been recalled due to a risk of serious injury or death. The […]