Business

Photo by Chip Somodevilla/Getty Images (NEW YORK) — Tesla’s profits fell 71% over the first three months of this year, a company earnings release on Tuesday showed. The company’s performance fell short of analysts’ expectations. The decline coincided with a sales slump and stock woes at the electric carmaker, and comes amid worldwide protests against CEO Elon Musk over […]

(WASHINGTON) — Some 5 million Americans with defaulted student loan payments will have their loans sent for collections on May 5, the Department of Education announced on Monday. Next month, for the first time since student loan payments were paused due to the onset of the COVID-19 pandemic, the Education Department will collect the debts […]

Smith Collection/Gado/Getty Images (WASHINGTON) — Worldwide protests against Tesla CEO Elon Musk over his role in the Trump administration have coincided with a sales slump and stock woes at the electric carmaker. Little will be known about the precise impact on Tesla’s bottom line, however, until the company releases its earnings report on Tuesday afternoon. […]

Matteo Colombo/Getty Images (NEW YORK) — U.S. stocks tumbled in early trading on Monday as President Donald Trump escalated his criticism of the Federal Reserve, urging the central bank to immediately lower interest rates and questioning the policy approach of Fed Chair Jerome Powell. The comments came days after Trump said he was eager for Powell’s “termination” despite a longstanding norm […]

(97/Getty Images) (NEW YORK) — President Donald Trump this month slapped tariffs on most products that enter the United States. Economists widely expect the policy to raise prices for U.S. shoppers as importers pass along a share of the tax burden. An across-the-board 10% tariff applies to nearly all imports, except for semi-conductors, pharmaceuticals and […]

Hyundai vehicles on display at the New York International Auto Show on April 16, 2025 in New York City. (Photo by Adam Gray/Getty Images) (NEW YORK) — This weekend, consumers and auto enthusiasts will poke, prod and pepper brand specialists with questions about the latest vehicles on display at the Javits Center. The annual New […]

Matthias Balk/picture alliance via Getty Images (NEW YORK) — Alphabet’s Google illegally dominated two markets for online advertising technology, according to a federal judge. Judge Leonie Brinkema of the U.S. District Court for the Eastern District of Virginia said in a ruling Thursday that Google had broken the law to build its dominance over the largely invisible […]

ABC News (WASHINGTON) — President Donald Trump on Thursday sharply criticized Federal Reserve Chair Jerome Powell, urging the central bank to lower interest rates and saying Powell’s “termination cannot come soon enough.” It was not clear whether Trump’s comments indicated a desire to remove Powell from his position or an eagerness for the completion of […]

Win McNamee/Getty Images  (WASHINGTON) — Election denier and MyPillow CEO Mike Lindell continues to refuse to pay more than $50,000 in sanctions he has been ordered to pay to voting software company Smartmatic over “frivolous” election claims — alleging he’s left with no money after numerous legal battles. “I’m in ruins,” a teary Lindell said […]

Win McNamee/Getty Images (WASHINGTON) — Federal Reserve Chair Jerome Powell said Wednesday that he expects President Donald Trump’s tariffs policy to cause higher inflation and slower economic growth, complicating potential central bank efforts to ease the fallout. “The level of the tariff increases announced so far is significantly larger than anticipated. The same is likely […]