After causing a sharp drop in financial markets two weeks ago by saying he could fire Fed Chair Jerome Powell, Trump subsequently backed off and said he had no intention of doing so. He and Treasury Secretary Scott Bessent have said the Fed should cut rates.... Read More
Amid a backdrop of ongoing tariff uncertainty, more and more gamers are facing price hikes. Microsoft raised recommended retailer pricing for its Xbox consoles and controllers around the world this week.... Read More
Kohl’s said it has terminated its new CEO Ashley Buchanan after an investigation determined that he directed the retailer to engage in vendor transactions that involved undisclosed conflicts of interest.... Read More
GM announced early this week that it was reassessing its expectations for 2025 due to tariffs. The company said at the time that its initial full-year financial outlook didn’t contemplate their potential impact.... Read More
The U.S. economy shrank at a 0.3% annual pace from January through March, the first drop in three years, as President Donald Trump's trade wars disrupted business.... Read More
A federal judge dismissed an antitrust lawsuit Monday that had been brought against the NCAA by several former college basketball players, including University of Kansas standout Mario Chalmers, after ruling its claims fell outside the statute of limitations.... Read More
The federal government is reversing the termination of legal status for international students around the U.S. after many filed court challenges against the Trump administration crackdown, a government lawyer said Friday.... Read More
The ruling came in a lawsuit brought by the National Education Association and the American Civil Liberties Union, which accused the Republican administration of violating teachers’ due process and First Amendment rights.... Read More
The judge overseeing the rewriting of the college sports rulebook threw a potentially deal-wrecking roadblock into the mix Wednesday, insisting parties in the $2.8 billion antitrust lawsuit redo the part of the proposed settlement involving roster limits that many schools are already putting in motion.... Read More
The Indianapolis-based NCAA passed rules Monday that would upend decades of precedent by allowing colleges to pay their athletes per terms of a multibillion-dollar lawsuit settlement expected to go into effect this summer.... Read More
