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US stocks drift around their record heights as Wall Street braces for an update on inflation
U.S. stocks edge lower as investors await July inflation data, with fears Trump’s tariffs could spark stagflation and sway Fed rate cuts.
US will get a 15% cut of Nvidia and AMD chip sales to China under a new, unusual agreement
Nvidia and AMD have agreed to share 15% of their revenues from chip sales to China with the U.S. government, as part of a deal to secure export licenses for the semiconductors.
Trump eyes Fannie Mae, Freddie Mac IPO in 2025
Trump plans to sell up to 15% of Fannie Mae and Freddie Mac stock, raising $30B and potentially reshaping the U.S. mortgage market.
The Mailroom: No excuses for illegal immigration
I was disappointed to see that your July column about illegals had a strong liberal slant. The term “undocumented” is liberal speak for illegal entry. It’s crime. We have a legitimate entry vehicle that includes green cards and visa programs in addition to normal immigration. There is no excuse for endorsing illegal activities in the […]
Trump calls on the Federal Reserve board to take full control of the central bank from Powell
Trump calls Fed Chair Powell “stubborn” and urges the Fed board to take control and slash interest rates amid a slowing U.S. economy and rising inflation.
US employers slash hiring as Trump advances a punishing trade agenda
U.S. job growth slows as Trump’s tariffs shake business confidence. Unemployment ticks up, job revisions drop sharply, and markets react.
Federal Reserve Governor Kugler steps down, giving Trump slot to fill
Federal Reserve governor Adriana Kugler will step down, opening up a spot on the central bank's powerful board that President Donald Trump will be able to fill.
Trump removes official overseeing jobs data after dismal employment report
Trump removed BLS Commissioner Erika McEntarfer after weak job numbers, accusing her of political bias. The agency's past data was also sharply revised down.
Embattled GMU president survives board meeting with pay raise
George Mason University President Gregory Washington was not ousted at a board of visitors meeting but instead was given a raise.
Report: DOGE responsible for nearly 290k job cuts
A Thursday report revealed that United States-based employers have cut more jobs so far this year than in all of 2024.
Virginia firm to build $200M White House ballroom co-funded by Trump
The White House announced Thursday that it would add a $200 million, 90,000-square-foot ballroom to the people's mansion — with McLean's Clark Construction leading the building team.
VCU to end gender-affirming youth medical care
VCU Health announced this week that it would stop providing all gender-affirming care at Children's Hospital of Richmond at VCU for patients under age 19 three months from now.
