US defense contractor tells Musk panel that Pentagon bureaucracy is the problem
By Mike Stone WASHINGTON (Reuters) – The CEO of one of the world’s biggest defense contractors, L3Harris Technologies, told President-elect…
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Over half a million ‘TikTok refugees’ flock to China’s RedNote
By Eduardo Baptista, Katie Paul and Krystal Hu (Reuters) – New users have piled in to Chinese social media app…
U.S. posts record $711 billion deficit for first three months of fiscal 2025
WASHINGTON (Reuters) – The U.S. government posted an $87 billion budget deficit in December, reduced partly by a shift of…
Biden forgives student loans for 150,000 borrowers, bringing total to 5 million
By Kanishka Singh WASHINGTON (Reuters) -President Joe Biden said on Monday his administration would cancel student loans for more than…
US consumer inflation expectations soar in January on tariff fears
WASHINGTON (Reuters) – U.S. consumers expect inflation to increase over the next 12 months and beyond, likely reflecting concerns that…
Meta to end diversity programs ahead of Trump inauguration
By Katie Paul (Reuters) – Meta Platforms is ending its diversity, equity, and inclusion (DEI) programs, including those for hiring,…
Trump will separate himself from family business, WSJ reports
(Reuters) – U.S. President-elect Donald Trump won’t be involved in the day-to-day management of the Trump Organization once he takes…
Kroger to pay $110 million to resolve Kentucky lawsuit over opioid epidemic
By Nate Raymond (Reuters) – Kroger has agreed to pay $110 million to resolve a lawsuit by the state of…
Musk acknowledges $2 trillion spending cut goal a long shot
WASHINGTON (Reuters) – Elon Musk, who U.S. President-elect Donald Trump has tapped to oversee a government cost-cutting effort, acknowledged that…
Gemini agrees to $5 million fine, injunction over CFTC charges, filing shows
NEW YORK (Reuters) -Gemini Trust Company agreed to pay a civil penalty of $5 million to settle U.S. Commodity Futures…