President Joe Biden on Tuesday will launch a new task force to take on “unfair and illegal” corporate pricing, which Biden sees as a major reason why consumers are not yet feeling the impact of cooling inflation rates and a strong economy. The task force will be jointly led by the Federal Trade Commission and the Department of Justice, two agencies at the […]Read More
The price of bitcoin hit an all-time high of about $68,800 Tuesday, surpassing the previous record reached in November 2021. The cryptocurrency has gained approximately 50% in 2024, and has recovered more than 300% since hitting a post-pandemic low of about $16,500 in December 2022. The latest rally is being fueled by hopes that the […]Read More
Target on Tuesday said it will launch a paid membership program next month, riffing off the playbook of its rivals Amazon and Walmart. The subscription tier, Target Circle 360, will include unlimited free same-day delivery for orders over $35 in as little as one hour with no delivery fees and two free-day shipping, along with […]Read More
Target on Tuesday said it will launch a paid membership program next month, riffing off the playbook of its rivals Amazon and Walmart. The subscription tier, Target Circle 360, will include unlimited free same-day delivery for orders over $35 in as little as one hour with no delivery fees and two free-day shipping, along with […]Read More
Federal Reserve Chair Jerome Powell on Wednesday reiterated that he expects interest rates to start coming down this year, but is not ready yet to say when. In prepared remarks for congressionally mandated appearances on Capitol Hill Wednesday and Thursday, Powell said policymakers remain attentive to the risks that inflation poses and don’t want to ease up […]Read More
Federal Reserve Chair Jerome Powell on Wednesday reiterated that he expects interest rates to start coming down this year, but is not ready yet to say when. In prepared remarks for congressionally mandated appearances on Capitol Hill Wednesday and Thursday, Powell said policymakers remain attentive to the risks that inflation poses and don’t want to ease up […]Read More
A mega-yacht seized by U.S. authorities from a Russian oligarch is costing the government nearly $1 million a month to maintain, according to new court filings. The U.S. Department of Justice is seeking permission to sell a 348-foot yacht called Amadea, which it seized in 2022, alleging that it was owned by sanctioned Russian billionaire […]Read More
The decision to conduct a controlled burn of five derailed tank cars that unleashed a plume of toxic chemicals last year in East Palestine, Ohio, was based on flawed and incomplete information, the chair of the National Transportation Safety Board testified Wednesday at a Senate hearing. Jennifer Homendy, facing questioning from Sen. J.D. Vance (R-Ohio), […]Read More
Sen. Ted Cruz (R-Tex.) and his allies are mobilizing to prevent a repeat of his near-miss reelection race in 2018 that shook up politics in traditionally red Texas. The Club for Growth, an influential conservative group, told The Washington Post on Wednesday it will spend at least $10 million to defend Cruz against the newly […]Read More
The Justice Department on Wednesday announced the arrest of a former Google AI engineer, alleging he stole information about the company’s advanced technologies while planning to set up his own company in China. Leon Ding, or Linwei Ding, a 38-year-old Chinese national, was detained in Newark, Calif., and charged with four counts of trade secret […]Read More
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