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ConEd's stock dropped as the utility company's rates got the attention of the president and New York City's mayor-elect.
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A selloff for bitcoin and other cryptocurrencies showed no signs of letting up on Friday, and investors were watching closely as a rout in those assets increasingly has been viewed as predictive for where the broader stock market is headed.
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Zelensky warns Ukraine risks losing US support over White House peace plan BBC‘Witkoff needs a psychiatrist': Europeans fume at Trump's plan to profit from frozen Russian assets politico.eu‘The Ukrainians will have to accept': Why Trump officials think now is their best chance for a deal PoliticoLatest Push for Peace Is Zelensky's Toughest Moment Since Start of War The Wall Street Journal
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'We agree on a lot more than I would have thought,' Trump says after 'great meeting' with Mamdani BBCTrump praises NYC Mayor-elect Mamdani after White House meeting, shrugs off being called 'fascist' CNBCMamdani's meeting with Trump comes with a power disadvantage PoliticoTrump-Mamdani live updates as incoming NYC mayor and president meet at White House CBS News
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Treasury chief Scott Bessent has repeatedly brought up how he expects Americans to ring in the new year in part by reducing the amount of federal income tax that they hand over in every paycheck, making the move due to the tax cuts in the GOP's One Big Beautiful Bill Act.
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Market odds of a cut remained weak following the release of the September jobs data, the first nonfarm payrolls report investors are seeing since the government shutdown.
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I love it when organizations try and do something good, but don't think things through and end up delivering unintended negative consequences.
Today's case in point: the US Senate and the Federal Reserve, both of whom are looking to reduce high interchange costs, but are unintentionally increasing costs for merchants and sharply boosting the undiscovered fraud rate. Not bad for government work.
Let's start with the Senate, where Sens. Dick Durbin (D-IL) and Roger Marshall (R-KS) have crafted The Credit Card Competition Act of 2022. Its stated goal: reduce the interchange fee that financial institutions and card brands (Visa, MasterCard, Amex, etc.) charge retailers.
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