Business

Israeli billionaire tech entrepreneur and Cato Networks co-founder Shlomo Kramer argued on Monday’s episode of CNBC’s "Money Movers" that governments must restrict freedom of speech in the age of AI.Israeli Prime Minister Benjamin Netanyahu met with President Donald Trump Monday at his Mar-a-Lago estate, weeks after a top Israeli defense official warned the world is soon to face its first cyber-based war. This meeting between Trump and Netanyahu comes amid […]

Billionaire hedge fund manager Bill Ackman has blasted California’s proposed wealth tax as a potential government seizure of private property, arguing such taxes have failed everywhere they have been tried.Ackman, who is not a California resident, took to X earlier this week to criticize the proposal which, if approved by voters, would impose a one-time 5% tax on the assets of California residents worth more than $1 billion."I am opposed […]

Trump's Crypto Czar David Sacks is predicting that Miami will dethrone New York City as the nation's financial capital following the swearing-in of socialist Zohran Mamdani as the city’s 111th mayor.Sacks, a venture capitalist that was appointed as Trump's influential advisor on artificial intelligence and cryptocurrency, said in a post on X that if progressive policies continue, it will drive New York's capital and talent to migrate to the "Sunshine […]

Gold’s stratospheric rise, the best percentage gain since 1979, surprised even the most bullish metal mavens as Wall Street firms chased the run-up. The precious metal, which sat at $2,606 last December, rallied over 66% in 2025, hitting a series of new highs, settling around the $4,325 level at year-end.Looking ahead, firms, including Bank of America, see the yellow metal reaching $5,000 an ounce due to continued central bank buying, […]

Michael Faulkender, the former deputy secretary of the U.S. Department of Treasury, believes it’s too early to doubt President Donald Trump’s record on the economy."I think we should recognize how well it set the foundation next year," Faulkender said of the administration’s record in an appearance on Fox Business' "Kudlow" on New Year's Eve.With 2025 in the rearview mirror, Faulkender believes the changes the administration made in its first year […]

The U.S. is showing signs of a "K-shaped" economy with spending among lower-income consumers showing little growth in comparison to their higher-income counterparts, a new analysis from the Bank of America Institute shows.Internal data detailed in the report showed that in November the three-month average of total card spending reflected a K-shaped pattern as the holiday season began in earnest."In terms of overall credit and debit card spending, we've really seen […]

The U.S. is backing off proposed tariffs that threatened to deal a major blow to Italy's pasta industry, reducing duties on several leading producers.After an investigation into allegations that Italian pasta was being sold in the U.S. at unfairly low prices, officials found exporters had addressed many concerns, prompting a rollback of proposed tariffs on 13 companies, a U.S. Department of Commerce official told Reuters."[Our] post-preliminary analysis indicates that Italian […]

Porsche is recalling 173,538 vehicles in the U.S. due to a defect that could cause rearview cameras to go dark while drivers are backing up.The recall covers select 2019-2025 Cayenne and Cayenne E-Hybrid models, 2020-2025 911 and Taycan vehicles and 2024-2025 Panamera and 2025 Panamera E-Hybrid models, according to the National Highway Traffic Safety Administration (NHTSA)."A rearview image that does not display properly reduces the driver's view behind the vehicle, […]

President Donald Trump's economic agenda has produced a mixed but closely watched set of results so far. Economic growth has picked up, inflation has cooled from recent highs and major policy changes have begun to reshape the outlook for businesses and households. Not to mention a strong year for U.S. stocks, with the S&P 500, the broadest measure of the stock market, ending 2025 with a gain of 17%. Here’s a look […]