Treasury Secretary Scott Bessent is facing sharp criticism from economists who warn that his latest strategy to manage government debt could trigger a dangerous downward spiral for the U.S. dollar. The controversy centers on a plan to increase buybacks of long term bonds, a move intended to curb soaring yields that recently hit twenty year
For Brandi McGrath of Salt Lake City, the simple act of buying school supplies has become a source of genuine stress. Usually known for purchasing high quality materials that last throughout the year, the mother of a nine year old now finds herself hunting for every possible sale just to make ends meet. She describes
A legal battle of existential proportions began this week in Oakland, California, as prosecutors unveiled a scathing critique of Meta’s core business philosophy. Representing the state of California and 28 other US states, lawyer Megan O’Neill distilled the trillion dollar company’s strategy into four devastating words: hook, hold, harvest, and hide. She argued that Meta
A federal judge has ruled that Michael Jeffries, the former chief executive of Abercrombie & Fitch, is mentally fit to stand trial on charges involving an extensive international sex trafficking operation. In a detailed 157 page decision, U.S. District Judge Nusrat Choudhury determined that the 82 year old former fashion mogul possesses a rational understanding
A Minneapolis based producer has issued a massive voluntary recall of its alfalfa sprouts after federal health officials linked the product to outbreaks of both E. coli and salmonella across fifteen states. Everything Sprouts, LLC announced the move on Friday, targeting five ounce containers distributed since late May. According to the CDC and FDA, at
Washington abandoned its typical August slumber this week as the federal government launched a coordinated blitz to reshape the future of digital assets. The flurry of activity centered on President Donald Trump hosting a high powered gathering of crypto executives at the White House, where he pressured Congress to fast track a fair version of
Thousands of Boeing engineers and technical workers have officially rejected a proposed four-year contract from the aerospace giant, signaling a period of renewed tension between the company and its workforce. Union officials announced Friday that the 17,000 members of the Society of Professional Engineering Employees in Aerospace, known as SPEEA, turned down the offer. In
Health officials have issued a widespread food safety alert after a dual outbreak of E. coli and salmonella sickened 55 people across 15 different states. According to the Centers for Disease Control and Prevention, the illnesses are linked to alfalfa sprouts produced by Everything Sprouts and sold under both the Calco and Everything Sprouts brand
TikTok has agreed to pay 400 million dollars to settle a massive legal battle with the United States government over allegations that it systematically violated the privacy of millions of children. The settlement follows a lawsuit brought by the Department of Justice during the Biden administration, which claimed that TikTok and its parent company, ByteDance,
Treasury Secretary Scott Bessent attempted to soothe a jittery government debt market this week, but his strategy appears to have backfired, triggering fresh anxiety over inflation. In a bid to improve liquidity, the Treasury announced it would at least double the size of its typical two billion dollar debt buyback program. While Bessent maintained that