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Treasury Secretary Scott Bessent is looking to recruit a new “top cop” to police nonprofits that “use and abuse” their charity status to dodge taxes, The Post has learned. Bessent wants to appoint a new senior official at the Treasury Department to scrutinize the finances of charities that engage in excessive political activities, lobbying, or […]
Citigroup on Tuesday forcefully rejected accusations by a former managing director who sued the bank over alleged sexual harassment by wealth management chief Andy Sieg, saying she expressed “steadfast” support for him and that her case belongs in arbitration. The third-largest US bank petitioned the federal court in Austin, Texas, to move Julia Carreon’s case behind closed […]
A Texas-based chain has once again been named America’s top grocery store, beating out major competitors, including Amazon, Costco and Trader Joe’s. San Antonio-based H-E-B was ranked the No. 1 grocery retailer in the US for the fifth time in nine years, according to Dunnhumby’s latest annual ranking of grocery stores. The family-owned company, which […]
Friday marked the end of a lackluster week for stocks and the first trading session of 2026. The market was mixed for the holiday-shortened week: The Dow and Nasdaq shed 0.1% and 1.5%, respectively, while the S & P 500 edged roughly 1% lower, its third back-to-back loss since Monday. It’s unclear what caused the […]
Tesla said its vehicle deliveries plunged 9% in 2025 – a worse-than-expected drop that knocked Elon Musk’s company out of its No. 1 spot among world’s EV sellers and handed it to a Chinese rival. The electric automaker said Friday it recorded deliveries of 418,227 in the fourth quarter, down 16% from the same period […]
Nvidia has agreed to license chip technology from startup Groq and hire away its CEO, a veteran of Alphabet’s Google, Groq said in a blog post on Wednesday. Groq specializes in what is known as inference, where artificial intelligence models that have already been trained respond to requests from users. While Nvidia dominates the market for training AI models, it faces much […]
Last week, some of the nation’s top CEOs talked and laughed with President Trump while enjoying dinner at the White House, chewing over a US economy that the president claims is headed for growth not seen since the days of the Gipper back in the 1980s. But privately, many left that night wondering if the president really […]
I’ll give you a hint. They bleed orange and blue and Dinosaur B-B-Q. Last week, Syracuse University announced the launch of a new Center for the Creator Economy. The first academic hub of its kind on a U.S. college campus, this spanking new third space—fourth space? Fifth space?!—will “offer courses, [and] research and industry partnerships […]
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The top 10% of Americans added $5 trillion to their wealth in the second quarter as the stock market rally continued to benefit […]
Sundar Pichai, chief executive officer of Alphabet Inc., during a visit to the Google for Startups campus in Warsaw, Poland, on Thursday, Feb. 13, 2025. The EU has established a reputation globally for its aggressive regulation of major technology companies, including the likes of Apple and Google over antitrust concerns. Photographer: Damian Lemanski/Bloomberg via Getty […]
