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Wind turbine bases, generators and blades sit at The Portsmouth Marine terminal that is the staging area for Dominion Energy Virginia, which is developing Coastal Virginia Offshore Wind, on Dec. 22 in Portsmouth, Va. Steve Helber/AP hide caption toggle caption Steve Helber/AP A federal judge ruled Monday that work on a major offshore wind farm for Rhode Island and Connecticut can resume, handing the industry at least a temporary victory as President Trump seeks to shut it down. At the U.S. District Court for the District of Columbia, Senior Judge Royce Lamberth said the government did not explain why it…

2026-01-12T23:13:42.982Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. President Donald Trump said he’s imposing a 25% tariff against countries that “do business” with Iran. Details about how the tariff would be implemented were not immediately clear. Iran is currently experiencing mass protests against its government. President Donald Trump said Monday that he’ll impose a tariff of 25%…

2026-01-12T22:49:25.642Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Fed Chair Jerome Powell is facing a DOJ investigation over office renovations. Powell’s video response sparked a wave of meme-filled jokes online. President Donald Trump has repeatedly targeted the Fed’s independence. The internet has a surprising new muse: Federal Reserve Chair Jerome Powell.Powell is famously mild-mannered. About four times…

Donald Trump wants Jerome Powell, the head of the Federal Reserve, to do something Powell doesn’t want to do.Now, Trump’s federal prosecutors are now investigating Powell.That’s the shortest version of the news story that broke Sunday night, when Powell released an extraordinary statement and video, which I urge you to watch and read for yourself.Key quote from Powell, who Trump picked as Fed chair in 2017: “This unprecedented action should be seen in the broader context of the administration’s threats and ongoing pressure.” (Trump told NBC on Sunday that he didn’t have any knowledge of the investigation and that the…

Jerome Powell broke his silence on Sunday — this time on camera.In a rare move, the Federal Reserve Chair released a video message after he said the central bank had received grand jury subpoenas that could lead to a criminal indictment.Powell said the subpoenas related to his June testimony about renovation projects at the Fed’s offices, and Trump’s administration used the move as pressure to lower interest rates.Former Fed chairs and several business leaders have responded critically to the news, and Trump has denied knowledge of the DOJ investigation. For Powell, who rarely reacts to Trump, the public response —…

This as-told-to essay is based on a conversation with Dr. Reg Haid. It has been edited for length and clarity.During the COVID-19 pandemic, my wife, Mary Ellen, and I were without a dog. That was unusual for us: Mary Ellen grew up with German Shepherds. I’d always had sporting dogs — labs and spaniels that could hunt with me. My last dog was a 25-pound Boykin Spaniel who was beautiful, but not very smart.We have a property in Montana, so we had heard of Svalinn, a high-end protection dog breeder, and were accustomed to seeing the dogs around. One day,…

Whenever an idea pops into Oscar Rachmansky’s head, he whips out a notebook or whatever scrap of paper is closest and writes it down. It’s a habit you might expect from a Gen Xer or elder millennial clinging to analog comfort. Rachmansky is neither.He’s 24, and the company he founded about five years ago generated $40 million in sales revenue in 2025 (confirmed from documents reviewed by Business Insider).Going against the grain is kind of Rachmansky’s thing.When he was 4, he opened a sunflower seed stand while the other kids sold lemonade. As a teenager, he dropped out of college…

If you’re reading this, you probably have more money on hand than YouTube billionaire MrBeast.The world’s biggest YouTuber, whose real name is Jimmy Donaldson, has said he owns more than half of his business, which was valued at $5 billion in its latest funding round. But a hefty net worth doesn’t always translate to cash.”I have negative money right now,” Donaldson said in a Wall Street Journal video interview published in early January. “I’m borrowing money right now — that’s how little money I have.”Donaldson also said that “technically, everyone watching this video has more money than me,” though the…

The Securities and Exchange Commission is dropping a fraud lawsuit against former Rio Tinto Ltd. chief financial officer Guy Elliott, eight years after accusing him and others of inflating the value of African coal assets the company acquired in a disastrous 2011 deal.Processing ContentLawyers for the SEC and Elliott jointly asked a federal judge in New York to end the case, according to a filing Friday. The agency didn’t elaborate on its decision except to say it was “in the exercise of its discretion.” Elliott’s attorneys called the dismissal “a complete vindication,” according to a statement.The case was part of…

California Governor Gavin Newsom is asking for $200 million to restart offering tax rebates for electric vehicles that are purchased in the state, making up for a similar federal program that President Donald Trump ended last year.Processing ContentThe proposal would require approval from state lawmakers, who are set to negotiate the broader California budget ahead of a July deadline. Details on the new program, including the amount of individual rebates and which cars would be eligible, are still being discussed, said Lindsay Buckley, spokesperson for the California Air Resources Board.”Despite federal interference, the governor maintains his commitment to protecting public…