A former sorting clerk at a post office in New Jersey later sold the items, including valuable Michael Jordan and Mickey Mantle trading cards, prosecutors […]
Month: January 2025
Microsoft Continues A.I. Spending Growth as Profit Grows 10%
The tech giant’s revenue was up 12 percent to $69.6 billion, but investors are showing their nerves after a long boom for tech stocks.
E.V. Owners Don’t Pay Gas Taxes. So, Many States Are Charging Them Fees.
States are using higher registration fees for electric cars to make up for declining fuel taxes, but some are punitive, environmentalists say. A federal tax […]
Rebel Leader Who Overthrew al-Assad is Declared Syria’s President
The new leadership of the country said the rebel coalition leader, Ahmed al-Shara, would serve as president during a transitional period.
Lutnick Grilled on Trump’s Tariffs and China During Confirmation Hearing
Howard Lutnick, the wealthy financier Trump has picked to lead the Commerce Department, said he favored “across the board” tariffs and faced grilling about his […]
OpenAI Says DeepSeek May Have Improperly Harvested Its Data
The San Francisco start-up claims that its Chinese rival may have used data generated by OpenAI technologies to build new systems.
Trump’s Tariffs Scramble Fed’s Interest Rate Calculus
Economists predict that the Trump administration’s trade policies could push up prices for consumers, making it harder for Fed officials to cut rates.
Higher Interest Rates Make Federal Debt More Expensive
The Fed’s key rate has a bearing on the sustainability of public borrowing, which is heading to striking levels.
Trump’s Crypto Venture Divides the Industry He Aims to Support
The president’s promotion of a speculative digital coin left some crypto investors feeling blindsided, while others saw it as a gimmick that undermined the industry’s […]
How Fed Rates Influence Mortgages, Credit Cards, Savings and More
Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.