WASHINGTON (AP) — A federal judge has agreed to block the Trump administration from dismantling the Consumer Financial Protection Bureau. U.S. District Judge Amy Berman Jackson agreed to issue a preliminary injunction that maintains the agency’s existence until she rules on the merits of a lawsuit seeking to preserve the bureau. The judge said the…… MORE
Trump Commutes The Sentence Of Ozy Media Co-Founder Carlos Watson
WEST PALM BEACH, Fla. (AP) — A White House official says President Donald Trump has commuted the sentence of Ozy Media co-founder Carlos Watson. Watson was convicted last year in a financial conspiracy case involving the defunct company. The commutation came just as Watson was due to report Friday to prison for a nearly 10-year…… MORE
Elon Musk Sells X To His Own xAI For $33 Billion In All-Stock Deal
Elon Musk has sold social media site X to his own xAI artificial intelligence company in a $33 billion all-stock deal, the billionaire announced on Friday. Both companies are privately held, which means they are not required to disclose their finances to the public. Musk said in a post on X that the move will…… MORE
Voice Of America Wins In Court, For Now, As Judge Blocks Trump Administration From Firing Staff
NEW YORK (AP) — A federal judge has halted the Trump administration’s efforts to dismantle the Voice of America, the eight-decade-old U.S. government-funded international news service. The judge calls the move a “classic case of arbitrary and capricious decision making.” Judge James Paul Oetken blocked the U.S. Agency for Global Media, which runs Voice of…… MORE
US Consumers Remained Cautious About Spending Last Month As Inflation Ticked Higher
WASHINGTON (AP) — An inflation gauge closely watched by the Federal Reserve remained high last month even before the impact of most tariffs has been felt. Americans’ spending rebounded in February after a fall last month and incomes increased. Friday’s report from the Commerce Department showed that consumer prices increased 2.5% in February from a…… MORE