President Donald Trump, at the dawn of the week, took to his social media platform to proclaim a victory for the American wallet. He promises reduced costs, not just in our medical cabinets, but also at our gas stations, grocery stores, and energy bills. The president is about to put his signature on an executive order that promises to ensure Americans pay the "lowest price … [Read more...] about Trump’s Prescription for Lower Costs
Financial News
Trump: ‘No Plans’ to Remove Fed Chair Powell Before 2026 Term Ends
Donald Trump has said that he won't remove Jerome Powell from his position as Federal Reserve Board chairman before the end of Powell's term in May 2026. He also called Powell "a total stiff", and repeated calls for the Fed interest rate to be lowered. In an interview on "Meet the Press With Kristen Welker", which aired on NBC News on Sunday, Trump stated that Powell wasn't … [Read more...] about Trump: ‘No Plans’ to Remove Fed Chair Powell Before 2026 Term Ends
DOJ Investigates UnitedHealth Over Medicare Billing—Billions at Stake?
The Justice Department launched an investigation in recent months into UnitedHealth's Medicare Billing practices, according to the Wall Street Journal, which cited people familiar with this matter. In premarket trading, shares of the company dropped nearly 7% to $466.88. The report added that the new civil fraud probe is looking at UnitedHealth's methods for recording … [Read more...] about DOJ Investigates UnitedHealth Over Medicare Billing—Billions at Stake?
Federal Reserve Sounds Alarm on Rising Inflation Threat
Federal Reserve officials, at a recent meeting, pointed out that the risks of inflation worsening were increasing. This was a major reason why they left their benchmark interest rates unchanged. According to the minutes of the meeting held on Jan. 28 and 29, which were released by Fed officials Wednesday, President Donald Trump's proposed tariffs, mass deportations, as well … [Read more...] about Federal Reserve Sounds Alarm on Rising Inflation Threat
Feds Revoke Approval for NYC’s Congestion Pricing – What’s Next?
The Trump administration announced Wednesday that it will revoke approval of New York City’s congestion pricing program, which is intended to reduce traffic while raising billions for upgrading New York’s subway and bus system. Sean Duffy, Transportation Secretary, said that the move would stop the program which began on January 5. New York Governor Kathy Hochul said … [Read more...] about Feds Revoke Approval for NYC’s Congestion Pricing – What’s Next?