Annabelle Gordon/Bloomberg via Getty ImagesThe massive package of tax cuts House Republicans passed in May is expected to increase the U.S. debt by trillions of dollars โ a sum that threatens to torpedo the legislation as the Senate starts to consider it this week.The Committee for a Responsible Federal Budget...
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Caviar and privacy: Airlines’ business-class wars are here
American Airlines new business-class suite.American AirlinesDALLAS โ Armed with dollops of caviar and handfuls of Bang & Olufsen headphones, U.S. airlines are duking it out for international business-class dominance. There are even differences between seats in the same cabin.Next week, American Airlines plans to start flying its upgraded business-class "suites"...
GameStop drops nearly 11% despite initiating bitcoin buying plan with $500 million purchase
A general view of the GameStop logo on one of its stores in the city center of Cologne, Germany.Ying Tang | Nurphoto | Getty ImagesGameStop said Wednesday it has officially bought 4,710 bitcoins, worth more than half a billion dollars, as the video game retailer began its crypto purchasing plan in...
This is why Jamie Dimon is always so gloomy on the economy
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesThe more Jamie Dimon worries, the better his bank seems to...
Inflation rate slipped to 2.1% in April, lower than expected, Fedโs preferred gauge shows
Inflation barely budged in April as tariffs President Donald Trump implemented in the early part of the month had yet to show up in consumer prices, the Commerce Department reported Friday.The personal consumption expenditures price index, the Federal Reserve's key inflation measure, increased just 0.1% for the month, putting the...