US Congress news and information
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Shares of Abercrombie & Fitch jumped 37% on Tuesday after the retailer reported a stronger-than-expected quarter, signalling to investors that momentum remains intact even as its flagship brand shows signs of slowing. The company’s performance once again leaned heavily on Hollister, which delivered another quarter of double-digit growth and offset declines in the Abercrombie label….
The U.S. dollar was on track for its steepest weekly decline in four months on Thursday as investors shifted positions in anticipation of further monetary easing. Market expectations have increasingly reflected the view that the Federal Reserve may need to cut interest rates sooner rather than later. Traders were also responding to political pressure from…
Democrat Aftyn Behn and Republican Matt Van Epps are in a tight race in Tennessee’s special election to replace former Rep. Mark Green (R-Tenn.), according to a recent poll. An Emerson College Polling/The Hill survey released Wednesday shows Van Epps, former commissioner of the Tennessee Department of General Services, at 48 percent and Behn, a…
The U.S. labor market is showing growing signs of stress as layoffs accelerate among private companies. Payroll processor ADP reported that private firms lost an average of 13,500 jobs per week over the past four weeks. This marks a sharp increase from the previous week, when job losses averaged 2,500 per week. The report highlights…
Senate Democrats say they were forced to submit a formal public records request after the Trump administration declined to answer their questions regarding the White House’s acceptance of a Qatari aircraft intended for use as Air Force One. The filing, led by Sen. Sheldon Whitehouse of Rhode Island, seeks documentation from the Department of Justice,…
Treasury Secretary Scott Bessent said on Sunday that President Trump’s broad tariffs are not responsible for the recent uptick in U.S. inflation. Speaking on NBC News’s “Meet the Press,” Bessent was questioned about the administration’s decision to roll back tariffs on more than 200 food products despite earlier claims that tariffs benefitted consumers. Inflation Questioned…
The Department of Justice has opened an unusual inquiry into its own handling of mortgage fraud allegations involving Sen. Adam Schiff, with a federal grand jury in Maryland now reviewing how the claims were pursued. The move signals an escalating internal examination that extends beyond the original accusations and into the conduct of individuals who…
Scott Galloway has built a large net worth throughout his career in various fields. Scott Galloway, widely known as “Prof G,” has made a name for himself as a business professor, entrepreneur, author, and media personality. His influence spans academia, business, and media, making him a recognizable figure in discussions about tech, branding, and the…
Forbes have repeatedly estimated Bernie Sanders’ net worth over the course of his political career. Bernie Sanders, the longtime senator from Vermont and two-time Democratic presidential candidate, has often been recognized for his advocacy of progressive policies rather than personal wealth accumulation. Despite his high-profile political career and national recognition, Sanders’ net worth is modest…
Jerome Powell has been accused of being a Democrat by many Republicans and critics. Jerome Powell has been at the center of U.S. monetary policy for several years, serving as the Chair of the Federal Reserve. His role places him among the most influential figures in global finance, tasked with managing interest rates, regulating banks,…