US Politics & Business News
The Federal Trade Commission is distributing more than $15.8 million in refund payments to customers of the AI-based cash advance app Cleo AI. The agency announced the payments following a settlement reached earlier this year over allegations that Cleo misled its users about the nature of its cash advance services. More than 2.1 million Cleo…
Stocks held their ground heading into earnings season despite persistent pressure from elevated Treasury yields and ongoing oil-price volatility across global markets. AI-related stocks continued to support broader investor sentiment, though upcoming corporate earnings reports could determine whether the current rally extends through the end of the year. With less than a month remaining before…
Millions of older Americans will face a narrower set of healthcare choices when Medicare’s open-enrollment period begins October 15 and runs through December 7. The average Medicare beneficiary can now choose from among 35 plans for 2027, down from 39 plans available in 2026, according to healthcare policy and research firm KFF. At least 3.8…
The Democratic Congressional Campaign Committee is making an urgent appeal to donors, setting a firm deadline to raise $17 million for competitive House races. DCCC Executive Director Julie Merz sent a memo to donors on Friday outlining the committee’s financial needs and the stakes attached to meeting them. The committee wants $17 million in hand…
Bailey’s appointment comes after former director James Braid departed the role ahead of the November midterm elections, leaving the position vacant for several months. President Trump announced the selection on Truth Social, praising Bailey’s track record as deputy director in securing key Cabinet confirmations for the administration. Trump credited Bailey with helping secure the confirmations…
Shares of satellite-based wireless company AST SpaceMobile (ASTS) dropped 14.6% on Friday, as investors digested a significant competitive blow from Elon Musk’s Space Exploration Technologies (SPCX). SpaceX announced after market close Thursday that it had agreed to purchase up to 14 megahertz of spectrum in the 800 MHz low-band frequency range. According to SpaceX, the…
Ciji Ware, a novelist, has written a new book called “Rightsizing Over 70” to help older Americans navigate the complex and often emotional process of downsizing. Ware and her husband, journalist Tony Cook, downsized their homes six times in 10 years and openly admit they “did everything wrong” along the way. Their experience reflects a…
President Trump has selected Katie Bailey as the new director of the Office of Legislative Affairs, with Bailey accepting the position on Friday. Bailey currently serves as special assistant to the president and deputy director of legislative affairs, where she has focused on Senate relations. In her existing role, Bailey played a key part in…
President Donald Trump is set to hold rallies in Montana and Arizona as part of an ongoing campaign push through traditionally Republican states ahead of November midterm elections. The Arizona rally is tentatively planned for Laughlin Bullhead International Airport in Bullhead City, a town situated near the Nevada border, with Trump scheduled to take the…
AST SpaceMobile, Inc. (ASTS) closed at $50.93 in the latest trading session, recording a sharp decline of 10.55% from the prior day’s close. The broader market told a very different story, with the S&P 500 posting a gain of 0.6% during the same session. The Dow Jones Industrial Average rose 0.83% on the day, while…