Author: Editor

Last fall, Donald Trump filed a $15 billion defamation suit against The New York Times. That suit is still ongoing.On Wednesday, Trump sat down with Times reporters at the White House for a 2-hour interview, where he expounded on his worldview, conducted an off-the-record conversation with the president of Colombia, and showed off new plans to renovate the West Wing.If that surprises you, it shouldn’t. Trump, and the rest of his administration, love to complain about the Times and other big, mainstream media outfits. They also love talking to them.Earlier this week, for instance, key Trump advisor Stephen Miller appeared…

‘Varney & Co.’ host Stuart Varney discusses the Trump administration’s effort to crack down on fraud in Minnesota and California. Treasury Secretary Scott Bessent announced a new set of enforcement measures Friday aimed at identifying and investigating fraud as the Minnesota scandal, which involved multiple government benefit scams, continues to rock the nation. Bessent, who is on the ground in Minnesota, said the Trump administration will leave “no stone unturned” in recovering taxpayer dollars, pointing to expanded IRS enforcement, audits of financial institutions and new investigations into nonprofit and pandemic-era tax credit abuse.BESSENT SAYS MINNESOTA FRAUD RECOVERY COULD HELP FUND…

President Donald Trump this week has zeroed in on an issue that’s at the heart of America’s affordability crisis: housing costs.But it’s not clear if his latest proposal, which involves instructing his “representatives” to purchase $200 billion in mortgage-backed securities, will move the needle for the housing market in the long run, economists and analysts told Business Insider.The mortgage-bond purchasing plan, which Trump announced on Truth Social Thursday night, is a lot to grapple with for people unfamiliar with the mortgage market. But the logic behind how this could make buying a home easier goes something like this:Fannie Mae and…

Amazon is beefing up its physical retail game with a new big-box store concept that goes well beyond groceries.Village officials in Orland Park, Illinois, voted on Tuesday to approve Amazon’s plan to build a 228,000-square-foot mega store near Chicago. That’s roughly the size of a newer, larger Walmart Supercenter.Planning documents said the facility would offer both groceries and general merchandise, as well as other services and prepared food options. Customers would also be able to place and receive online orders on-site.Katie Jahnke Dale, an attorney for Amazon, told the planning commission that the plan is “a more purpose-built and thoughtful”…

Billionaire Andreas Halvorsen will soon lose another longtime lieutenant.Stuart Brown, the longtime head of trading for Viking Global, is stepping down from the $55 billion asset manager to take a career break, two people familiar with the move told Business Insider. The firm declined to comment, and Brown could not be reached for comment.Brown was at the long-running Tiger Cub, a nickname for hedge funds that spun out of late billionaire Julian Robertson’s Tiger Management, for 18 years, according to his bio on the firm’s website. He joined the firm after working on the corporate credit sales desk at Credit…

The Camp Jeep outdoor terrain at the New York International Auto Shown on April 16, 2025. Danielle DeVries | CNBCDETROIT — Stellantis is scrapping its plug-in hybrid electric Jeep SUVs and Chrysler minivan amid slowing EV sales, quality issues and weakened federal fuel economy requirements. The automaker on Friday said the decision to end production of the plug-in hybrid Jeep Wrangler, Jeep Grand Cherokee and Chrysler Pacifica was a result of waning customer demand and the need to focus on “more competitive electrified solutions, including hybrid and range‑extended vehicles.””Stellantis continually evaluates its product strategy to meet evolving customer needs and…

Close-up of a hand holding a cellphone displaying the Amazon Pharmacy system, Lafayette, California, September 15, 2021. Smith Collection | Gado | Getty ImagesAmazon announced Friday it now offers Novo Nordisk’s Wegovy weight-loss pill through its digital pharmacy.Novo Nordisk began rolling out an oral version of its injectable obesity drug Wegovy in the U.S. on Monday, offering a starting dose for cash-paying patients at $149 per month. Patients with insurance coverage can get the pill for as low as $25 a month. The daily pill enters the market with some of the lowest cash prices in the booming obesity and diabetes…

Employment rose by 50,000 jobs in December, the U.S. Bureau of Labor Statistics reported Friday, while the unemployment rate fell two-tenths of a point to 4.4%. Processing ContentThe professional and business services sector lost 9,000 jobs, including 1,700 jobs lost in accounting, tax preparation, bookkeeping and payroll services. Many of the job gains last month came in the food services and drinking places sector (up 27,0000), health care (up 21,000), and social assistance (up 17,000), while the retail trade sector lost 25,000 jobs.  Average hourly earnings in December rose 12 cents, or 0.3%, to $37.02. Over the past 12 months, average…

Yuichiro Chino | Moment | Getty ImagesFor executives and founders who have gotten rich off one stock, sometimes it is possible to have too much of a good thing. While the tech stock boom has meant a windfall for employees at high-flying companies, it’s risky to have too much of your net worth tied up in one stock. Some advisors ascribe to a 10% rule of thumb — meaning no one stock or asset should make up more than 10% of a portfolio.”It represents both the biggest risk and biggest opportunity for that client,” said Rob Romano, head of capital…

As part of this year’s Top 100 Most Influential People survey, Accounting Today asked, “If you could go back, what is one thing you would change in your career?”Processing ContentThe full responses of all the candidates are below. (The full T100 list is available here. And to see who the Top 100 voted the most influential, see here.)My accounting career has spanned over 32 years – and there are moments of great accomplishments and there are moments I’ve learned a tremendous amount from. Every challenge and accomplishment shaped the leader I am today. I will always remember a pivotal 360…