As recently as one year ago, the Supreme Court’s Republican majority was determined to reduce executive power. Joe Biden, a Democrat, was in the White House, and the Republican justices were very concerned that the executive branch was claiming “highly consequential power beyond what Congress could reasonably be understood to have granted.” To keep the…
President Donald Trump holds most of his business assets privately, but an analysis of his official disclosures, property and financial records reveals a hefty sum of money made from cryptocurrency during his presidency. The Trump Organization earned $802 million from crypto during the first half of 2025, according to a Reuters estimate. This overtook the…
I’m not a financial advisor, but I am a lawyer who’s spent enough time around markets to know how unpredictable they can be. I recently had some extra cash, and I wanted to invest it in something unique. I didn’t want to put the money into the volatile stock market, bonds, crypto, or even real…
Tesla Chair Robyn Denholm urged shareholders to back a proposed $1 trillion compensation package for CEO Elon Musk, warning in a letter Monday that the company risks losing “significant value” if the deal fails and Musk opts to step down as chief executive. The plea to investors comes ahead of Tesla’s annual shareholder meeting on…
U.S. and China trade deal discussions The U.S. and China reached a preliminary agreement that would prevent a new round of steep tariffs and keep critical rare earth mineral supplies flowing to the U.S. from China. FOX 13’s Craig Patrick reports. TAMPA – The U.S. and China reached a preliminary agreement that would prevent a…
As fears of a stock market meltdown continue to loom large, it can be hard to decide what to do with your money to keep it safe. Growing numbers of financial experts, from the Bank of England to the International Monetary Fund, are warning that there could be turbulence on the horizon, as a result…
The Chinese economy slowed in growth in the third quarter. Meanwhile, the White House and Beijing are expected to resume trade talks after President Trump announced a 100% tariff against China that would take hold Nov. 1. CBS News MoneyWatch correspondent Kelly O’Grady breaks it down. Source link
A man in eastern China who lavished chunks of a 10 million yuan (US$1.4 million) lottery win on a woman live-streamer but gave his wife nothing has captivated mainland social media. The man’s wife, surnamed Yuan, exposed his scandal to Henan TV in mid-October after filing for divorce. The couple, who live in Dezhou, Shandong…
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Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer warned on Wednesday that China’s new trade rules are part of an apparent effort to control the world’s supply chains. CBS News MoneyWatch correspondent Kelly O’Grady has more details. Source link