Finance
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Oprah Winfrey received $1 million from VP Harris during campaign: report
The Washington Examiner reports that Harris paid $1 million to Harpo Productions on Oct. 15.
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Fed cuts its key interest rate by quarter-point
The rate cut follows a half-point reduction in September.
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Stock markets close at record highs after Trump reelection
The Dow soared by 1,507 points, or 3.57% on Wednesday, marking the first time it has exceeded 1,000 points in a single day since November 2022. The Nasdaq gained nearly 3% on Wednesday, and the S&P 500 grew by 2.5%.
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Justice Department sues Visa for allegedly monopolizing debit market
The antitrust case also comes after Capital One announced a new deal to acquire Discover Financial, which would help the company be a bigger competitor to Visa, Mastercard, and American Express.
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Elon Musk makes major political donation to House Republicans
The tech mogul donated a total of $289,100 to the NRCC in August, according to the FEC filing. But despite the six-figure donation, the NRCC only raised $9.7 million in August while Democrats raised $22.2 million.
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Stock markets close at record highs following Federal Reserve cuts
The Dow Jones Industrial Average closed at 522 points on Thursday, which is a new record, and the S&P 500 also set a record by rising 1.7%. The Nasdaq Composite added 2.5%.
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Fed Chair Powell: Migrant border crisis causing rising unemployment
The slowing hiring rate is also a factor behind the growing unemployment, Powell said.
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Officials investigate death of Wells Fargo worker found in cubicle 4 days after last coming to work
A preliminary investigation did not reveal signs of foul play, according to police.
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Foot Locker relocating headquarters from New York to Florida to reduce costs
Foot Locker said it is looking to build its "meaningful presence in St. Petersburg and to enable increased collaboration among teams across banners and functions, while also reducing costs."
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Indiana issues cease and desist order against BlackRock, alleging misleading ESG statements
According to the Indiana Securities Division, BlackRock has repeatedly made false and misleading statements to Indiana investors with regards to the company’s ESG products. BlackRock denied the allegations, calling the action a "politically motivated attack."
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Left-leaning nonprofit reports guaranteed income study failed: people worked less, got less money
The study was titled "The Employment Effects of a Guaranteed Income: Experimental Evidence from Two U.S. States" and came out last month. The populist policy may garner votes, but will keep poor voters on the plantation.
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Home Depot says consumers are spending less on home improvement amid economic uncertainty
Home Depot's business is closely tied to the housing market, where prices are elevated nationwide. The median price of a previously owned home in the United States rose to $426,900 in June, which is an increase of 4.1% from the previous year.
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State financial officers warn ESG climate-disclosures would politicize accounting, drive up costs
"Not only would these climate disclosures politicize an otherwise apolitical practice, but it would impose substantial costs onto companies with no added benefits,” Alabama Auditor Andrew Sorrell said in a statement.