Author: Daniel snow

The National Weather Service will rehire for some DOGE-slashed jobs as hurricane season nears, while critics fault the billionaire’s apparent conflicts of interest from his government work. Source link

Wells Fargo is unshackled. That’s according to Jim Cramer and Wall Street analysts, who are both forecasting more upside for the Club stock following the Federal Reserve’s removal of the bank’s $1.95 trillion asset cap Tuesday evening. The seven-year lid on Wells’ balance sheet growth was precipitated by the bank’s past misdeeds, such as its notorious fake accounts scandal in the 2010s. Bank of America and Morgan Stanley are among the Wall Street shops that became more optimistic Wells Fargo shares in response to the long-awaited development. Bank of America went to $90 a share from $83, while Morgan Stanley went…

Continued economic uncertainty from the administration’s economic policies makes it hard for businesses to add workers, and for workers to decide to change jobs. Source link

Russian President Vladimir Putin and U.S. President Donald Trump.Mikhail Metzel | Evelyn Hockstein | Via ReutersPresident Donald Trump on Wednesday said he spoke with Russian leader Vladimir Putin for well over an hour about Ukraine’s latest attack on Russian airplanes and nuclear talks with Iran.Putin in that call vowed retaliation against Ukraine for the stunning surprise attack, which Kyiv said resulted in strikes on more than 40 Russian bombers, Trump said.”It was a good conversation, but not a conversation that will lead to immediate Peace,” Trump wrote on Truth Social.”President Putin did say, and very strongly, that he will have…

Average payroll gain over past three months is weakest in two years, leading Trump to push for lower interest rates. Source link

Sam Altman, co-founder and CEO of OpenAI, speaks during the New York Times annual DealBook Summit at Jazz at Lincoln Center in New York City on Dec. 4, 2024.Michael M. Santiago | Getty ImagesOpenAI on Wednesday announced that it now has 3 million paying business users, up from the 2 million it reported in February. The San Francisco-based startup rocketed into the mainstream in late 2022 with its consumer-facing artificial intelligence chatbot ChatGPT, and began launching workplace-specific versions of the product the following year.The 3 million users include ChatGPT Enterprise, ChatGPT Team and ChatGPT Edu customers, OpenAI said. “There’s this really tight…

U.S. President Donald Trump’s 50% tariffs on imported steel and aluminum took effect early Wednesday. So what’s the current state of all the Trump levies? Source link

Readers respond to a guest essay about women who dine alone. Also: A lawyer writes about a fundamental right codified in the Fifth Amendment. Source link

House Judiciary Committee Chairman Rep. Jim Jordan (R-OH) (C) speaks alongside U.S. Speaker of the House Mike Johnson (R-LA) at a news conference after the House narrowly passed a bill forwarding President Donald Trump’s agenda at the U.S. Capitol on May 22, 2025 in Washington, DC. Anna Moneymaker | Getty ImagesPresident Donald Trump’s “big, beautiful bill” would add $2.4 trillion to the national debt over the next decade, the nonpartisan Congressional Budget Office estimated Wednesday.The bill passed by House Republicans last month would decrease federal revenues by $3.7 trillion and lower spending by $1.3 trillion, according to the CBO’s latest…

U.S. trade wars turbocharged sales of new cars and trucks in the spring to a four-year high, but the mad dash by consumers to avoid tariff-related price increases ran out of gas in May. Source link