When Donald Trump first ran for president in 2015, he promised that he would implement a process for deporting the 11 million residents of the United States who are here without authorization. There would be a “deportation force,” he said, one that leveraged local law enforcement to identify and expel undocumented immigrants. He offered words […]Read More
A Jewish American Biden political appointee resigned from her post at the Interior Department on Wednesday, saying she could no longer work for the administration because of President Biden’s continued support of Israel’s war in Gaza. Lily Greenberg Call, special assistant to the chief of staff in the Interior Department, cited her Jewish upbringing and […]Read More
Do you have a very wealthy friend who is considering spending gobs of money trying to get elected to political office? You might want to show them the results of the Maryland Democratic Senate primary on Tuesday — and, of course, this post. Rep. David Trone (D-Md.) spent $62 million of his own money on […]Read More
The interest rate on many new federal student loans is set to rise to its highest level in more than a decade next year as lenders throughout the economy seek higher returns for borrowing money. On Tuesday, the U.S. Department of Education said in a notice on its website that the rate for undergrads would […]Read More
Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period. Speaking to the annual general meeting of the Foreign Bankers’ Association in Amsterdam, the central bank leader noted that the rapid disinflation that happened in 2023 has slowed […]Read More
Price growth in many key consumer categories has slowed considerably or ceased altogether — but that has done little to dent consumer worries as the costs of housing and other services have continued to climb. Among the broadest categories tracked by the consumer price index, or CPI, two of the ones most acutely felt by […]Read More
At least 99 locations of Red Lobster are being auctioned off amid questions about the stalwart seafood chain’s long-term future. In a post Monday on LinkedIn, Neal Sherman, founder and CEO of TAGeX Brands, a liquidation firm, announced he was leading the closure of more than 50 Red Lobster locations, with the restaurants’ equipment to […]Read More
Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month, the company announced Tuesday. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Selipsky after he exits the company on June 3, Amazon said. In a memo to employees, Selipsky said he was leaving AWS after […]Read More
Get ready for the next cable-like streaming bundle: Comcast later this month will launch a three-way bundle — with Peacock, Netflix and Apple TV+ — offered at a deep discount, Comcast chief Brian Roberts said. Dubbed StreamSaver, the bundle will be available to all Comcast broadband, TV and mobile customers, Roberts said, speaking Tuesday at MoffettNathanson’s 2024 Media, Internet and […]Read More
When it comes to spending money in retirement, there’s one rule of thumb — the 4% rule — that has persisted for decades. The 4% withdrawal rule calls for retirees to withdraw that portion from their investment portfolio in the first year of retirement. In each subsequent year, the amount of those withdrawals is adjusted for inflation. Financial planner […]Read More
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