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The Trump administration will focus on finding a replacement for Federal Reserve Chairman Jerome Powell this fall, Treasury Secretary Scott Bessent told CNBC on Thursday, adding that officials had “a lot of good candidates.” Bessent said it was up to the Fed to decide interest rates, although he added that if the central bank did not cut interest […]
The Trump administration dropped a lawsuit against Southwest Airlines over its allegedly chronic flight delays. In March, Reuters reported that President Donald Trump’s Department of Justice (DOJ) was in talks with the airline regarding the lawsuit, which was initiated by the Department of Transportation (DOT) under then-President Joe Biden. According to the same report, Southwest Airlines had until May […]
President Trump’s hiring spree for his administration is continuing at a record-setting pace, sources tell The Post. Making good on his promise to run the government like a business, Trump’s team has hired significant talent from the private sector including leading investment bankers and tech founders, to top government roles. The Presidential Personnel Office (PPO) […]
The Wiz logo on a smartphone arranged in New York, US, on Tuesday, July 16, 2024. Gabby Jones | Bloomberg | Getty Images Seven months ago, Alphabet lost a marquee case against the Biden administration’s Justice Department, which accused the company of maintaining an illegal monopoly in search. Weeks earlier, Google’s pursuit of cybersecurity vendor […]
TikTok said the popular video-sharing platform will go dark on its 170 million American users on Sunday unless the Biden administration can guarantee service providers won’t be punished for operating the app when the ban takes effect. The statement came hours after the Supreme Court unanimously upheld a law forcing the app to be divested […]
The Dow Jones Industrial Average slid to its worst losing streak in more than four decades as investor hopes that the Federal Reserve will aggressively cut interest rates next year continued to diminish. The central bankers wrap up their last two-day meeting of the year Wednesday, when they are widely expected to announce another quarter-point […]
Mayor Eric Adams’ administration has chosen two foreign firms to run the Downtown Manhattan Heliport, raising concerns in some national-security circles because the president’s Marine One chopper uses it. The city Economic Development Corporation selected Downtown Skyport LLC — a partnership between Skyports Infrastructure, a UK-based firm and the operator of the London Heliport, and […]
