Les Wexner speaks during a deposition about Jeffrey Epstein. Courtesy: GOP Oversight via YouTube Jeffrey Epstein would “name drop” President Donald Trump as one of the many high-profile people he claimed to know, billionaire retail magnate Leslie Wexner said this week in a congressional deposition about the notorious sex offender. The 88-year-old Wexner, who was…
Limited stablecoin rewards are favored by the White House, and if bankers sign off, they’ll be in the next draft of the crypto market structure bill, according to two people familiar with the negotiation. STORY CONTINUES BELOW At a Thursday working session meant to secure common ground on stablecoin rewards between banks and the crypto…
(Shutterstock) FOR MAGA REPUBLICANS, the root cause of every problem is immigrants. Populist Democrats, by contrast, prefer to scapegoat billionaires and Big Business. But lately, President Donald Trump has started to bogart Democrats’ favorite villains, too, by casting them as the baddies conspiring to increase housing costs. There’s now bipartisan (and yet wrong) agreement that…
In the heart of Tirana, Albania, political unrest has surged as demonstrators took to the streets demanding the resignation of Prime Minister Edi Rama. The tensions, which have been simmering since December 2025 due to corruption allegations surrounding the deputy prime minister, have prompted a significant response from law enforcement as protestors clashed with police,…
In light of ongoing scrutiny surrounding the royal family, new developments have emerged regarding Andrew Mountbatten-Windsor, the former prince of the United Kingdom. As police continue their investigation into his ties with Jeffrey Epstein, public sentiment is shifting dramatically, with a growing consensus on the need for reform within the monarchy’s succession line. This situation…
The second straight monthly deterioration in the United States’ trade deficit occurred as US firms boosted imports of computer chips and other tech goods. Listen to this article Listen to this article | 4 mins info By AP and Reuters Published On 19 Feb 202619 Feb 2026 Click here to share on social media share2 Share The…
Angus Chen covers all issues broadly related to cancer including drugs, policy, science, and equity. He joined STAT in 2021 after covering health and science at NPR and NPR affiliate stations. His work has been recognized by national Edward R. Murrow awards, the June L. Biedler prize for cancer journalism, and more. You can reach…
President Donald J. Trump is delivering real progress in making homeownership and housing more affordable for American families. Now, fresh data from Freddie Mac shows that mortgage rates have fallen to their lowest level since September 2022 — underscoring the Trump Administration’s ongoing commitment to lowering costs for hardworking Americans. “This lower rate environment is…
Shop owners of a 70-year-old “takoyaki”, or octopus balls, restaurant chat while cooking along a street in the Taito Ward area of Tokyo on February 21, 2025. Richard A. Brooks | Afp | Getty Images Japan’s headline inflation rate fell to 1.5% in January, its lowest level since March 2022. The reading ended a run…
Recent violence in Nigeria’s northwestern region has drawn international attention as armed groups carry out devastating assaults on local communities. Reports indicate that at least 50 people have been killed in a brutal attack in Zamfara State, exacerbating an already precarious security situation for residents enduring a cycle of violence. As families continue to cope…
Bitcoin BTC$67,632.99 found its footing on Thursday, stabilizing above a key technical level after briefly slipping below $66,000 in early U.S. trading. The largest cryptocurrency recently changed hands at around $67,000, up roughly 1% over the past 24 hours. The CoinDesk 20 Index lagged, with ether (ETH), XRP, BNB, DOGE$0.1000 and solana (SOL) flat to…
Bank of America’s move comes at a time of heightened scrutiny of private loans © Bloomberg Bank of America is committing $25bn to private credit loans, becoming the latest Wall Street lender seeking to compete with non-bank rivals in the sector as concerns begin to mount over credit quality and liquidity. “This commitment further strengthens…
Sam Altman’s OpenAI is also in the final stages of negotiations with SoftBank and Amazon © Prakash Singh/Bloomberg Nvidia is close to finalising a $30bn investment into OpenAI that will replace the long-term $100bn commitment agreed by the companies last year, as part of a massive new funding round for the AI start-up. The world’s…
In a controversial display of partisanship, President Donald Trump has publicly lambasted the Supreme Court justices in an unprecedented attack following a ruling that struck down his administration’s trade tariffs. Trump’s criticisms encompass not only the legal decisions made by the justices but also personal remarks directed towards their families, reflecting a significant moment in…
The biggest car news and reviews, no BS Our free daily newsletter sends the stories that really matter directly to you, every weekday. If you’ve heard it once, you’ve heard it a thousand times: Modern cars are mind-blowingly complex, packed with countless electronic modules and miles and miles of wiring harnesses. But here’s the thing:…
Transportation The plan was to legalize limited robotaxi deployment outside of New York City. But it was dropped after failing to garner support with the state legislature. The plan was to legalize limited robotaxi deployment outside of New York City. But it was dropped after failing to garner support with the state legislature. Feb 19,…
The FDA, by default, will now only look for one well-controlled and adequately-run clinical trial as the basis of its drug approvals, making official a controversial policy change that has pushed out at least one high-ranking agency official. “We believe that this could have meaningful readthroughs to the broader space and individual companies . ….
In this article AMZN WMT Follow your favorite stocksCREATE FREE ACCOUNT For the first time, Amazon has dethroned Walmart as the company with the largest annual revenue. Walmart on Thursday reported annual revenue of $713.2 billion for its most recent fiscal year, shy of Amazon’s $716.9 billion in revenue. The milestone was brewing for months,…
JPMorgan Chase took issue with Donald Trump’s attempt to name its CEO, Jamie Dimon, in a major lawsuit against the bank, alleging in a new court filing that his inclusion was done “fraudulently.” In January, Trump filed suit against the banking giant, accusing it of putting himself and his businesses on a “blacklist” following his…
In a significant step towards fostering stability in Gaza, Donald Trump’s Board of Peace convened for its inaugural session, outlining plans that include financial assistance, peacekeeping deployments, and investment initiatives. However, the limited inclusion of Palestinian representation, combined with skepticism from key European nations, raises questions about the meeting’s potential impact on the region’s future….
Elon Musk has reiterated his claim that Tesla will sell the Cybercab directly to consumers for under $30,000 before the end of the year, following the first production unit rolling off the line at Giga Texas on February 17. The announcement immediately set Tesla fans ablaze, not with discussions about the vehicle’s autonomy challenges, but…
“Improving affordability conditions have yet to induce more buying activity”: National Association of Realtors. By Wolf Richter for WOLF STREET. January was bad, following the plunge in December. And prior months were revised lower. Pending home sales, tracking the number of contracts signed in January, declined by 0.8% seasonally adjusted from the downwardly revised December, to the lowest…
As Americans struggle with the cost of living, many are turning to Walmart to save. The discount retailer said it’s especially seeing growth among higher-income shoppers. “The majority of our share gains came from households making more than $100,000,” John Furner, who took over as CEO at the start of February, said Thursday morning on…
Who will Warner Bros. Discovery employees welcome as their new overlords? The feeling among the rank-and-file has changed over the last several months: Most WBD staffers are now supportive of Netflix‘s deal to acquire Warner Bros.’s studios and HBO Max rather than having WBD subsumed in its entirety by David Ellison’s Paramount Skydance, sources tell…
The U.S. federal agency that enforces workplace civil rights is suing a regional Coca-Cola bottler for sex discrimination, alleging the company discriminated against male employees by only inviting women to a company-sponsored networking event. The U.S. Equal Employment Opportunity Commission filed the lawsuit on behalf of a male employee of Coca-Cola Beverages Northeast who complained…
In a significant moment for activists advocating for Palestinian rights, twelve members of the Palestine Action group were recently released on bail after facing charges related to their protest actions against a UK defense firm associated with the Israeli military. This development comes amidst ongoing legal battles concerning the group’s designation by the British government,…
The discourse surrounding the Middle East remains deeply complex and multifaceted, particularly as figures like Mike Huckabee share perspectives that intertwine religious beliefs and geopolitical aspirations. These discussions often illuminate the broader narrative of territorial claims and conflicts, shedding light on the region’s diverse historical and cultural contexts. As nations grapple with their identities and…
David Ellison’s heated battle with Netflix for ownership of Warner Bros. Discovery could wind up playing out prominently in Brussels, where regulatory officials are expected to formally open an antitrust probe as part of their approval procedure, once a deal with one of the two contenders is sealed in the U.S. But even before a…
The grandson of the inventor of Reese’s Peanut Butter Cups has lashed out at The Hershey Co., accusing the candy company of hurting the Reese’s brand by shifting to cheaper ingredients in many products. Hershey acknowledges some recipe changes but said Wednesday that it was trying to meet consumer demand for innovation. High cocoa prices…
NEW DELHI (AP) — Indian Prime Minister Narendra Modi on Thursday invited leaders of some of the top artificial intelligence companies to gather on stage as part of a commitment to build more “inclusive and multilingual” AI around the world. And they did. But what caught some of the audience’s attention, and later went viral…
A California judge admonished members of Mark Zuckerberg’s team for wearing Ray Ban-Meta AI glasses, which are equipped with a camera, as they entered a Los Angeles courtroom on Wednesday for a landmark trial over the impact of social media on children. “The judge upbraided the Meta team and said if you guys have recorded…
The sell-off is the latest to rock the fast-growing private credit market that has minted new power players on Wall Street © Michael Nagle/Bloomberg Shares of the biggest private investment managers on Wall Street tumbled on Thursday after Blue Owl permanently restricted investors from exiting a debt fund for retail investors, sending shivers through the industry….
In a significant decision, the United States Supreme Court has declared that former President Donald Trump’s implementation of global tariffs was unlawful, raising critical questions about the extent of presidential powers under the International Emergency Economic Powers Act (IEEPA). The 6–3 ruling emphasizes the court’s interpretation of the law, indicating that while the President can…