Bank of America Reverses Recession Call, but Warns of ‘Very Negative’ Consumer Spending Risk
Bank of America CEO Brian Moynihan remains optimistic about avoiding a recession, but warns of risks if consumer spending continues to decline.
Bank of America...
Trump Plans $100 Million Lawsuit Against DOJ Over Mar-a-Lago Search
The GOP presidential nominee’s lawyers alleged illegal conduct by the United States against the former president over the FBI search.
Former President Donald Trump has...
Starbucks CEO Steps Down, Chipotle CEO to Take Over
Starbucks Corp said Laxman Narasimhan is stepping down from his role as CEO and member of Starbucks board after one year on the job, effective immediately.
Improper Social Security Payments Reach $1.1 Billion; Agency Backlog Hits All-Time High
The agency placed the blame partly on a shortage of workers and funding.
The backlog of payment actions at the Social Security Administration (SSA) is...
Jack Smith Requests Delay in Trump Jan. 6 Case
Smith’s office asked for the extension citing a need for more time to assess the U.S. Supreme Court’s July 1 decision on immunity.
Special counsel...
US Marshals Arrest Over 230 Fugitives, Including Rapists and Murderers, in Maryland Operation
The initiative, which ran from May through August, targeted non-compliant sex offenders and fugitives associated with violent crimes, the U.S. Marshals said.
The U.S. Marshals...
Ad Group Shuts Down After Being Sued by Elon Musk’s Company
The Global Alliance for Responsible Media was hit with an antitrust lawsuit.
A group of advertisers is shutting down due to a lawsuit from Elon...
Minnesota Supreme Court Rejects Challenge to Voting Rights for Felons on Probation
Challengers argued that the new law was unconstitutional because it returns voting rights to felons on release, before civil rights are returned.
Unemployment Claims Fall More Than Expected, Fueling Hopes of Labor Market Resilience
Number of Americans filing for unemployment benefits fell last week, delivering sign that the labor market is holding up despite data suggesting it's cracking.
Federal Judge Issues Multiple Orders in Trump Election Case
The judge overseeing former President Donald Trump’s election case in Washington issued a number of orders this week.
The U.S. Supreme Court formally sent the...
Warren Buffett, Flush With Cash, Also Owns More Treasury Bills Than the Federal Reserve
‘We won’t spend it unless we think they’re doing something that has very little risk and can make us a lot of money,’ Warren...
Hundreds of suspected cartel drones — some now with explosives — are flying near...
Members of Los Salazar, a cell of the notorious Sinaloa Cartel in Mexico, are using drones “to drop explosives” on Los Pelones, an independent rival cartel.
