Category: Business
Powell confirms DOJ probe into Fed, blasts Trump pressure on rates
The Department of Justice (DOJ) has opened a probe into the Federal Reserve’s ongoing renovation of its headquarters in Washington, D.C. Federal Reserve Chair Jerome Powell said in a statement Sunday that the DOJ served the Fed with grand jury subpoenas and threatened a criminal indictment related to his testimony before the Senate Banking Committee…
Stock futures fall after Powell confirms criminal probe into Fed
Stocks fell in overnight trading Sunday after Federal Reserve Chair Jerome Powell confirmed the Trump administration had opened a criminal investigation into the central bank. Dow Jones Industrial Average futures were down 200 points shortly after 8:30 p.m. EST, falling 0.4 percent. S&P 500 futures were down 0.5 percent and Nasdaq futures were down 0.7…
Loeffler says SBA will relocate Minneapolis district office amid ‘local hostility’ toward ICE
Small Business Administration (SBA) head Kelly Loeffler said Saturday that the agency’s Minneapolis office is being relocated, citing “overwhelming local hostility” toward Immigration and Customs Enforcement (ICE) officers in recent days. “Since Day One, I have been clear that SBA will not continue to surge resources to communities that refuse to protect their small business…
WAKE-UP CALL! Hilton Drops Minneapolis Hotel That Lied About Immigration Agent Ban: Report
According to a New York Post report, Hilton is yanking the Hilton name from a Minnesota Hampton Inn after the property banned immigration agents, and a video went viral.
Trump: Venezuela to turn over 30-50M barrels of oil to US
President Trump said late Tuesday that Venezuela is going to turn over 30 million to 50 million barrels of oil to the U.S., an announcement that follows the recent operation in which U.S. military forces captured Venezuelan leader Nicolás Maduro. “I am pleased to announce that the Interim Authorities in Venezuela will be turning over…
What action has Trump administration taken in Minnesota since viral fraud video?
The Trump administration has ramped up scrutiny of Minnesota’s social services programs amid allegations of fraud. Independent journalist Nick Shirley released a video detailing his investigation into the issue on Friday, sparking a renewed interest into the allegations. The Department of Justice (DOJ) has charged 98 people in connection with its sweeping probe into the…
Are you getting an ‘extra’ paycheck in January? How to tell
Some may be starting off the new year with a little extra money in their pockets.
How much money will the $1.8B Powerball winner actually bring home?
The headline jackpot rarely reflects what a lottery winner ultimately keeps.
FCC blacklists foreign-made drones over security, spying concerns
The Federal Communications Commission (FCC) banned new foreign-made drones from being sold in the U.S. on Monday, citing national security concerns. In a notice, the FCC said it was adding uncrewed aircraft systems (UAS) and their critical components made in foreign countries to its covered list. Such a distinction bars such products from being sold…
Harris, Martin talk affordability at DNC meeting: ‘S— is too expensive’
Former Vice President Kamala Harris and Democratic National Committee (DNC) Chair Ken Martin on Friday critiqued the Trump administration’s handling on rising costs and affordability, with the DNC chair candidly acknowledging that “s— is too expensive.” The two spoke at the DNC’s annual winter meeting in Los Angeles. Martin, who spoke first, told party members…
