One of the biggest problems with inflation is that once it has burrowed into an economy, it is very difficult to rid of it. Just when Federal Reserve policymakers thought they might have finally gotten the better of the inflation that gripped the U.S. economy following the pandemic, along came the specter of tariffs. Inflation…
A federal judge on Friday ordered the Trump administration to halt indiscriminate immigration stops and arrests in seven California counties, including Los Angeles. Immigrant advocacy groups filed the lawsuit last week accusing President Donald Trump’s administration of systematically targeting brown-skinned people in Southern California during its ongoing immigration crackdown. The plaintiffs include three detained immigrants…
CNBC’s Jim Cramer on Friday told investors what to follow next week as earnings season kicks off, highlighting reports from JPMorgan, Netflix, Goldman Sachs and PepsiCo. “Once we process the new tariffs, we’ve got a ton of earnings reports coming next week, so you better keep your eyes open,” he said. Tuesday brings earnings from…
Deputy FBI Director Dan Bongino is considering leaving his job after a heated confrontation with Attorney General Pam Bondi over his frustration with how the Justice Department has handled the Jeffrey Epstein files, according to a person who has spoken with Bongino and a source familiar with the interactions that Bongino and FBI Director Kash…
A farmworker at a Southern California cannabis farm died after being injured during a chaotic immigration raid by federal officers, the United Farm Workers said Friday. The labor union did not provide the name of the employee of Glass House Farms north of Los Angeles but confirmed that the worker plummeted some 30 feet. “These…
Firefly Aerospace CEO Jason Kim sits for an interview at the Firefly Aerospace mission operations center in Leander, Texas, U.S., July 9, 2025. Sergio Flores | Reuters Rocket maker Firefly Aerospace filed for an initial public offering on Friday, with plans to trade under the ticker symbol “FLY” on the Nasdaq. Firefly’s planned offering comes…
Bill Gates speaks with Reuters during an interview in New York City, U.S., May 8, 2025. Mike Segar | Reuters Bill Gates, the philanthropist and Microsoft co-founder, on Friday said it’s not too late to reinstate international aid funding that President Donald Trump cut off. The Trump administration placed staff members at the U.S. Agency…
Google parent-company Alphabet is among a handful of stocks that could surprise to the upside when it reports earnings later this month, according to FBB Capital Partners director of research Mike Bailey. Alphabet stock was one of three companies that Bailey said he’s watching on ” Power Lunch ” on Friday. Danaher Danaher also has…
Join Jim and portfolio manager Jeff Marks from the iconic New York Stock Exchange as they share their strategies for the back half of this volatile year. <
A view shows a bronze seal beside a door at the U.S. Treasury building in Washington, U.S., January 20, 2023. Kevin Lamarque | Reuters The U.S. government posted a surplus in June as tariffs gave an extra bump to a sharp increase in receipts, the Treasury Department said Friday. With government red ink swelling throughout…
