WASHINGTON — President Donald Trump’s nominee to lead the Social Security Administration, Frank Bisignano, got an earful from Senate Democrats at his confirmation hearing Tuesday, in the wake of early actions by Elon Musk and the Department of Government Efficiency to downsize the agency.
Category Archives: business
United stock surges after airline announce card card fee increase
United Airlines stock surged Monday after the company announced it would be increasing annual credit card and lounge membership fees. The airline says it’s adding new benefits that outweigh any fee increases, including car rental and hotel rewards.
Speaker Mike Johnson floats eliminating federal courts as GOP ramps up attacks on judges
Facing pressure from his right flank to take on judges who have ruled against President Donald Trump, Speaker Mike Johnson, R-La., on Tuesday floated the possibility of Congress eliminating federal courts.
50% of parents financially support adult children, report finds. Here’s how much it costs them.
To get by these days, more young adults turn to a likely source for help: their parents.
Berkshire Hathaway employee wins $1 million in Warren Buffett’s March Madness bracket challenge
For the first time in nearly 10 years, a Berkshire Hathaway employee claimed Warren Buffett’s $1 million grand prize for his company’s NCAA bracket contest.
Chinese EV giant BYD outpaces Tesla with annual sales of more than $100 billion
Chinese automaker BYD reported annual revenue of 777 billion yuan ($107 billion) for 2024, leapfrogging U.S. rival Tesla as competition between the two electric vehicle rivals heats up.
How the rich use insurance to invest in private credit without steep tax bills
Private credit has exploded in popularity among investors, with the market soaring from $1 trillion in 2020 to $1.5 trillion at the beginning of 2024, according to alternative data provider Preqin.
Affirm announces JPMorgan Chase merchants can now offer installment loans at checkout
Fintech lender Affirm said Tuesday that it’s reached an agreement with JPMorgan Chase to offer its buy now, pay later loan services to merchants on the bank’s payments network.
Consumer expectations plunge to their lowest level in 12 years as recession signal blares
A measure of consumers’ short-term expectations has fallen to its lowest level in 12 years, ticking a figure that has historically signaled recessions ahead.
United Airlines flight to China diverted to San Francisco after pilot forgets passport
A United Airlines flight headed to Shanghai, China, had to turn around over the weekend after the pilot forgot to bring a passport, the airline company said.