FILE PHOTO: Office of Management and Budget (OMB) Acting Director Russell Vought testifies before House Budget Committee on 2020 Budget on Capitol Hill in Washington, U.S., March 12, 2019. Yuri Gripas | ReutersA federal judge on Friday ordered the Consumer Financial Protection Bureau’s leadership, appointed by President Donald Trump, to halt its campaign to dismantle the agency.In a filing, Judge Amy Berman Jackson sided with the CFPB employee union that sued acting director Russell Vought last month to prevent him from laying off nearly all the regulator’s staff. Operatives from Elon Musk’s Department of Government Efficiency have also been involved in…
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The aging population will be a tailwind for the stock market — and two dividend stocks are expected to benefit, according to UBS. Longevity is one of three “transformational innovation opportunities” that will drive equity markets in the next decade, a team of strategists said in a note Wednesday. The other two are artificial intelligence and power and resources. “The combination of ever-increasing lifespans and a demographic shift toward an older population creates a range of investment opportunities,” the UBS strategists wrote. One area that is already established in the space is retirement living, which is growing at a 4%…
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Carlos Watson, co-founder of Ozy Media, speaks with press after his sentencing hearing at Brooklyn Federal Court on December 16, 2024 in New York City. Michael M. Santiago | Getty ImagesPresident Donald Trump commuted the criminal fraud sentence of Ozy Media founder Carlos Watson on Friday, right before Watson was due to begin serving a 116-month prison term in California.Trump also commuted the sentence of probation imposed on Ozy Media for its related conviction in the case, according to a source familiar with the situation.Watson was convicted at trial in Brooklyn federal court in last July of conspiracy to commit securities…
A sign is posted in front of Intel headquarters in Santa Clara, California, on Aug. 1, 2024.Justin Sullivan | Getty Images News | Getty ImagesThree members of Intel’s board of directors will not stand for reelection in May, the company said in a filing on Thursday.Omar Ishrak, former CEO of Medtronic; Risa Lavizzo-Mourey, a doctor and philanthropist; and Tsu-Jae King Liu, the dean of the college of engineering at the University of California, Berkeley, will retire from the board at Intel’s annual meeting in May.Intel has nominated 11 directors, who all currently serve on the board, including new CEO Lip-Bu Tan.The…
SPOKANE, Wash. — The morning after LSU trounced Hawaii in the first round of the 2023 NCAA Tournament, the Tigers walked into practice on their home court to prepare for the next round. Much was on the line: It was coach Kim Mulkey’s second season in Baton Rouge, and a win over Michigan would secure LSU a Sweet 16 bid, its first in nearly a decade. The early signs were there for a program rebuild, but beating Michigan was essential.Mulkey stood off to the side and observed her players as they ambled into the PMAC. Something was off, and it…
The main gate at The Walt Disney Studios in Burbank, California, on Sept. 25, 2023.Mario Anzuoni | ReutersThe Federal Communications Commission has alerted the Walt Disney Company and its ABC unit that it will begin an investigation into the diversity, equity and inclusion efforts at the media giant.The FCC, the agency that regulates the media and telecommunications industry, said in a letter dated Friday that it wants to “ensure that Disney and ABC have not been violating FCC equal employment opportunity regulations by promoting invidious forms of DEI discrimination.””We are reviewing the Federal Communications Commission’s letter, and we look forward to engaging with…
Dollar General stock could perform well if the economy increasingly weakens, according to Lido Advisors chief market strategist Gina Sanchez. Sanchez expects economic growth to slow down in the second-half of 2025, over a combination of tariff and inflation worries. Still, Sanchez said she’s holding onto athleisure stock Lululemon as well as shares of cloud computing technology provider Oracle . Here’s a closer look at what she had to say on CNBC’s ” Power Lunch ” on Friday. Dollar General Stock in discount retailer Dollar General has gained more than 13% in 2025 and almost 16% in the past month…
With investors honing in on President Donald Trump’s April 2 tariff announcement as a pivotal date, they also might want to give some thought to what happens two days later. In fact, April 4, when the Bureau of Labor Statistics announces the March nonfarm payrolls number, could be a more pivotal day in the view of Michael Hartnett, Bank of America’s chief investment strategist. Harntett contends that the Trump “Liberation Day” announcement — when countries will face additional tariffs — might get soft-pedaled as the president wants to avoid another wave of inflation. Separate reports Friday indicated higher-than-expected core inflation…
CoreWeave Inc. signage during the company’s initial public offering at the Nasdaq MarketSite in New York, US, on Friday, March 28, 2025. Michael Nagle | Bloomberg | Getty ImagesIt wasn’t supposed to go down like this.The Trump presidency was set to usher in a rush of money to the markets, spurred by a new era of deregulation and lower taxes that would lead high-valued tech companies off the sidelines and onto public exchanges after a four-year lull in initial public offerings.Goldman Sachs CEO David Solomon said in January that he sensed a “more constructive kind of optimism” and that the IPO…
