Business

Jakub Porzycki/NurPhoto via Getty Images (NEW YORK) — Tech billionaire Elon Musk has kept busy since Election Day, advising President-elect Donald Trump and receiving an appointment to co-lead a new government efficiency commission. Musk has also found time to promote Trump in scores of posts on the social media platform X, formerly Twitter, which he […]

J. David Ake/Getty Images (NEW YORK) — If you are nearing retirement, you will soon be able to stash even more money into your nest egg — if you can afford it. The Internal Revenue Service announced that the maximum amount individuals can contribute to their 401(k) or similar plans in 2025 will increase to […]

Namthip Muanthongthae/Getty Images (NEW YORK) — Bitcoin vaulted to a record high on Thursday, surging more than 3% in early trading and hurtling toward investors’ long-sought milestone of $100,000. The price of bitcoin briefly exceeded $98,000 for the first time on Thursday morning, before retreating to about $97,600. The value of the world’s most popular cryptocurrency […]

Joe Buglewicz/Getty Images (New York) — Conspiracy theorist Alex Jones accused The Onion and Sandy Hook Elementary School families of “collusive bidding” and asked a bankruptcy court judge to halt the sale of his Infowars platform. Jones, who defamed the Sandy Hook families by calling the 2012 massacre a hoax and the parents of the […]

Grace Cary/Getty Images (NEW YORK) — President-elect Donald Trump sharply criticized the rising price of groceries throughout his campaign, even delivering an address outside his New Jersey home in August alongside a table covered with cereal boxes, coffee grounds and ketchup. A wave of consumer discontent appears to have helped lift him back into the […]

Grace Cary/Getty Images (NEW YORK) — President-elect Donald Trump sharply criticized the rising price of groceries throughout his campaign, even delivering an address outside his New Jersey home in August alongside a table covered with cereal boxes, coffee grounds and ketchup. A wave of consumer discontent appears to have helped lift him back into the […]

Kent Nishimura/Getty Images (NEW YORK) — Americans’ credit card debt has hit a record high, the Federal Reserve of New York said in a report released this week. Credit card debt climbed $24 billion over a three-month stretch ending in September, soaring to a level 8% higher than where it stood a year ago, the […]

Karl Tapales/Getty Images (WASHINGTON) — Social media platform TikTok is hurtling toward a U.S. ban that could upend its business and frustrate more than 150 million American users — unless President-elect Donald Trump finds a way to reverse the policy. Trump, who boasts 14 million followers on TikTok, voiced opposition to the ban earlier this […]

Hispanolistic via Getty Images (WASHINGTON) — The U.S. government is set to release new inflation data on Wednesday, offering a fresh look at price increases little more than a week after the issue appeared to help former President Donald Trump win re-election. Inflation has cooled dramatically since a peak of 9% attained in 2022, now […]

Karl Tapales/Getty Images (NEW YORK) — Shares in Donald Trump’s social media company spiked after the president-elect again vowed not to sell his stake in the parent company of Truth Social and called for an investigation into “market manipulators or short sellers.” Trump Media’s stock price increased by nearly 16 percent to $32 per share […]