Former Representative Billy Long, a Republican from Missouri, speaks during a campaign event for former US President Donald Trump at Simpson College in Indianola, Iowa, US, on Sunday, Jan. 14, 2024. Al Drago | Bloomberg | Getty ImagesThe Senate on Thursday confirmed Billy Long as the next IRS Commissioner, which could mark a shift for taxpayers amid sweeping agency cuts.Picked by President Donald Trump, the former Missouri Congressman’s nomination received mixed support from Washington and the tax community. But Senate Republicans confirmed Long via a party-line vote.During the confirmation process, Long faced Democratic scrutiny over Trump loyalties and ties to dubious tax…
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Larry Ellison, Oracle’s co-founder, chief technology officer and chairman, at right, and U.S. President Donald Trump share a laugh as Ellison uses a stool to stand on as he speaks during a news conference in the Roosevelt Room of the White House in Washington on Jan. 21, 2025. Trump announced an investment in artificial intelligence (AI) infrastructure and took questions on a range of topics including his presidential pardons of Jan. 6 defendants, the war in Ukraine, cryptocurrencies and other topics.Andrew Harnik | Getty Images News | Getty ImagesOracle shares soared 15% on Thursday and headed for a record close…
Macroeconomic uncertainty has UBS coining a new investing acronym and eyeing retail stocks that it says could continue to outperform. The investment bank recommends sticking with Costco Wholesale , O’Reilly Automotive and Walmart — what the firm calls “COW” stocks — saying they’ve already had a strong start to the year and are poised to continue beating the broader market in any economic climate. “During times of uncertainty, we think owning the stocks of best-in-class retailers could provide a measure of safety,” analyst Michael Lasser wrote in a note on Tuesday. “We believe these are among a few retailers well-positioned…
Shoppers browse the frozen food cases at WinCo.Joe Jaszewski | Idaho Statesman | Tribune News Service | Getty ImagesDespite widespread fears to the contrary, President Donald Trump’s tariffs have yet to show up in any of the traditional data points measuring inflation.In fact, separate readings this week on consumer and producer prices were downright benign, as indexes from the Bureau of Labor Statistics reported that prices rose just 0.1% in May.The inflation scare is over, then, right?To the contrary, the months ahead are still expected to show price increases driven by Trump’s desire to ensure the U.S. gets a fair…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailJeffrey Sonnenfeld, Yale School of Management professor, joins ‘Money Movers’ to discuss what happens with Boeing after the tragic Air India plane crash Source link
US Federal Reserve Chair Jerome Powell waits to speak during a conference marking the 75th anniversary of the International Finance Division of the Federal Reserve Board in Washington, DC, on June 2, 2025.Andrew Caballero-Reynolds | AFP | Getty ImagesPresident Donald Trump ripped Federal Reserve Chair Jerome Powell as a “numbskull” on Thursday as he turned up the heat on the central bank chief to lower interest rates.Trump claimed at the White House that lowering rates by two percentage points would save the U.S. $600 billion per year, “but we can’t get this guy to do it.””We’re going to spend $600…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — We’ve written about two cybersecurity giants in our Best Stocks column in recent weeks, CrowdStrike and Zscaler, both of which remain on the list and represent solid leadership within the software industry group. If you’ve been making money on those names, you’ll be delighted to hear that we’ve got another write-up in the group. When Palo Alto Networks (PANW) hit the list last week, Sean was pumped to get the opportunity to talk about it. Palo…
FILE PHOTO: An oil tanker is being loaded at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. Picture taken May 21, 2018. Ahmed Jadallah | ReutersCrude oil futures fell on Thursday, after spiking sharply in the previous session on fears that Israel and Iran are on the brink of war.U.S. West Texas Intermediate was down 54 cents, or 0.8%, to $67.61 a barrel by 11:15 a.m. ET. Global benchmark Brent fell 56 cents, or 0.8%, to $69.22 per barrel.Oil prices jumped more than 4% on Wednesday as fears of a conflict that would…
[The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a player above at that time.]President Donald Trump on Thursday is signing three congressional resolutions that target California’s statewide efforts to adopt electric vehicles and phase out diesel engines and the sale of gas-powered cars.General Motors and Toyota had lobbied against California’s rules.Subscribe to CNBC on YouTube. Source link
LONDON, UNITED KINGDOM – MARCH 26, 2025: Britain’s Chancellor of the Exchequer Rachel Reeves leaves 11 Downing Street ahead of the announcement of the Spring Statement in the House of Commons in London, United Kingdom on March 26, 2025. (Photo credit should read Wiktor Szymanowicz/Future Publishing via Getty Images)Wiktor Szymanowicz | Future Publishing | Getty ImagesBritain’s government is planning to ramp up public spending — but market watchers warn the proposals risk sending jitters through the bond market further inflating the country’s $143 billion-a-year interest payments.U.K. Finance Minister Rachel Reeves on Wednesday announced the government would inject billions of pounds…
