WASHINGTON (AP) — Federal Reserve Chair Jerome Powell is asking an inspector general to review the cost of the central bank’s building renovations that White House officials have attacked as “ostentatious.” The Fed has been renovating two of its office buildings in Washington for several years at a current cost estimate of about $2.5 billion,…… MORE
WASHINGTON (AP) — Democratic President Joe Biden handed out subsidies to chipmakers and electric vehicle manufacturers. Republican President Donald Trump is building a wall of import taxes – tariffs – around the U.S. economy to protect domestic industry from foreign competition. But American manufacturing has been stuck in a rut anyway. Biden’s subsidies haven’t had…… MORE
NEW YORK (AP) — A federal court in Miami began considering Monday whether Elon Musk’s car company should share blame for the death of a stargazing university student after a runaway Tesla sent her flying 75 feet through the air and severely injured her boyfriend. The jury trial is a rare one for Tesla and…… MORE
Bitcoin has hit a new all-time high, surpassing $123,000 on Monday. This marks a sharp rise from $108,000 just a week ago. The cryptocurrency now ranks as the fifth most valuable asset class globally, with a market cap of $2.4 trillion, even surpassing Amazon. The surge comes as U.S. lawmakers focus on passing pro-crypto legislation…… MORE
WASHINGTON (AP) — Senate Republicans are putting the popularity of Department of Government Efficiency spending cuts to the test this week. The GOP lawmakers are looking to pass President Donald Trump’s request to claw back $9.4 billion in spending on public media and foreign aid. Senate Democrats are looking to kill the measure. The House…… MORE