Business

Despite nearing the end of his term, Federal Reserve Chairman Jerome Powell sidestepped any discussion of his legacy, emphasizing instead the goals he wants to lock in before passing the reins."I really want to turn this job over to whoever replaces me with the economy in really good shape. That's what I want," Powell said during a Dec. 10 press conference following the central bank's interest rate decision.FROM MORTGAGES TO […]

The Powerball jackpot has surged to an eye-popping $1.1 billion after no ticket matched all six numbers in Saturday night’s drawing, leaving the massive prize up for grabs.The winning numbers for the Dec. 13 drawing were 1, 28, 31, 57, 58 and the Powerball number was 16, but no one claimed the top prize.While the jackpot went unclaimed, several players still scored big, including $2 million Power Play winners in […]

Cara Delevingne is ready to part ways with her New York City home.The 33-year-old model has placed her historic home in Gramercy Park on the market for $9.9 million with listing broker Stefani Berkin of R New York.She originally listed the home for $11 million in October but later chose to drop the price, and, according to The New York Post, is now projected to sell the home at a […]

Treasury Secretary Scott Bessent said American households will see "very large refunds" in the tax filing season early next year following policy changes under the One Big Beautiful Bill Act (OBBBA).Bessent spoke to NBC10 Philadelphia on Tuesday ahead of an event touting the Trump administration's economic policies and said American taxpayers could see sizable refunds following the enactment of the OBBBA.The treasury secretary noted that the tax law included retroactive provisions for […]

The death of 32-year-old Kevin Rodriguez Zavala was ruled accidental, and the investigation has been closed, according to an incident report from the Orange County Sheriff's Office.Zavala was riding a high-speed roller coaster at Universal Orlando's Epic Universe theme park when he was found unresponsive. The sheriff's office said security footage showed that Zavala was "engaged and well" at the start of the ride, but was unresponsive when the coaster […]

Paramount, a Skydance Corporation, and Netflix both want to purchase Warner Bros. Discovery but will face similar antitrust issues and might have to alter plans to satisfy regulators, according to a competition law guru. Warner Bros. Discovery (WBD) agreed to sell its film and television studios and streaming platform, HBO Max, to Netflix in a cash-and-stock deal valued at $27.75 per share. But then Paramount announced Monday an all-cash tender offer to acquire […]

Joe Jonas' former Los Angeles home is now up for grabs.The West Hollywood home is officially on the market for nearly $4 million, in partnership with listing agents Brent Watson and Marco Salari of The Beverly Hills Estates.Once featured in Architectural Digest, the home features 3,773-square-feet of living space, including four bedrooms and four-and-a-half bathrooms.The home also includes a full kitchen with a butler’s pantry, as well as an additional […]

The U.S. Department of Transportation (DOT) announced Thursday it has helped redirect "exorbitant" executive payouts at Amtrak — put in place under the Biden administration — into $900 bonuses for more than 18,000 frontline workers.The DOT said it reached an agreement with Amtrak’s management and board of directors to shift roughly half of leadership bonuses to Amtrak’s unionized frontline employees this holiday season, recognizing what officials described as a "record […]

President Donald Trump said Friday he is focusing on two candidates to chair the Federal Reserve next year, with former Fed Governor Kevin Warsh and National Economic Council Director Kevin Hassett the leading contenders.Trump was interviewed by The Wall Street Journal and said Warsh is at the top of the list, adding he and Hassett are at the forefront of the decision."Yes, I think he is. I think you have Kevin and […]