Producing pennies cost taxpayers more than it’s worth, with each penny costing 3.7 cents to make in 2024. The rising cost of metals like zinc and copper contributed to the increased production cost. Other countries, such as Canada and Australia, have successfully eliminated their lowest denomination coins. The newly established Department of Government Efficiency (DOGE)…
Renowned for its rocket launches, bioluminescence and stunning beaches, the Space Coast attracts some famous visitors. More are likely to come as Brevard was just named among the top 10 places to visit in North America and the Caribbean in 2025 by Conde Nast Traveler. And to satisfy their hunger, celebrities often seek out local…
Wall Street opened mostly higher Tuesday, apparently cheering President Donald Trump’s first day back in the White House after his speeches seemed to show a softer stance on tariffs, economists, said. Before Monday’s inauguration, people feared large, blanket tariffs across the board would be inflationary and slow the economy. Instead, “broad and immediate tariffs were…
Some of the richest people in the world were among the guests invited to witness President Donald Trump take the oath of office for the second time on Monday. As some of Trump’s top allies, the tech billionaires were given VIP seating next to top U.S. officials and his family for the swearing-in ceremony in…
Donald Trump’s former chief strategist Steve Bannon is going after other members of the president-elect’s orbit as Trump returns to Washington to take his second oath of office. The world’s three richest men, Elon Musk, Jeff Bezos and Mark Zuckerberg, are planning to attend Trump’s inauguration on Monday. Bannon, in an appearance on ABC’s “This…
A recent flare-up over visas for tech workers revealed a rift among Republicans on immigration. Steve Bannon, once Donald Trump’s chief strategist, termed the H-1B visa program a “total and complete scam.” Many Trump supporters sided with Bannon. So did Bernie Sanders, the progressive Vermont senator. Bannon was addressing comments from billionaire Elon Musk, Trump’s…
Another day, another rally by mega tech stocks. Shares of iPhone maker Apple, Google-parent Alphabet, electric car maker Tesla and AI-chipmaker Broadcom all rallied to new all-time highs, which helped power the tech-heavy Nasdaq to its own record peak. The Nasdaq closed up 1.24%, or 247.17 points, at a record 20,173.89. The broad S&P 500 index ended up 0.38%,…
The Trump transition team wants the incoming administration to drop a car-crash reporting requirement opposed by Elon Musk’s Tesla, according to a document seen by Reuters, a move that could cripple the government’s ability to investigate and regulate the safety of vehicles with automated-driving systems. Musk, the world’s richest person, spent more than a quarter of a billion dollars helping Trump get…
Friday the 13th didn’t spook investors with U.S. stocks little changed on the day as investors bided time until the Federal Reserve meeting on Wednesday. The broad S&P 500 index dipped 0.16 point, or essentially stayed flat, to close Friday at 6,051.09. For the week, it slipped 0.6% to snap a three-week winning streak. The…
The tech-heavy Nasdaq 100 index extended its relentless climb over the week, setting new record highs and nearing the 22,000-point milestone, fueled by strong investor optimism in the Magnificent Seven tech giants and the transformative potential of artificial intelligence. Year to date, the index has posted a robust 30% gain, on track to outperform the…