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KPMG Ends DEI Strategy Amid Legal Shifts

KPMG pulls back on diversity, equity, and inclusion initiatives, citing legal landscape surrounding DEI efforts. The firm ends Accelerate 2025 strategy and removes DEI transparency reports from its website.

IRS Layoffs: Impact on Tax Season and Enforcement

The IRS has begun dismissing over 6,000 employees, raising concerns about the impact on tax season, collections, enforcement, and antiquated data systems.

Oil Prices Edge Higher Amid Geopolitical Headwinds and Inventory Build

Oil prices edge higher after EIA reports inventory build; peace talks pressure

Musk Considers Auditing Federal Reserve

Billionaire Elon Musk says he is considering an audit of the Federal Reserve after calling for more scrutiny of the central bank in the past.

Olympic Steel Reports Q4 Earnings Beat

Olympic Steel Reports $3.9M Net Income, 13 Cents EPS in Q4

SEC Drops Appeal of Court Ruling Vacating Treasury Dealer Rule

The SEC has decided to withdraw its appeal of a court decision vacating an overhaul of Treasury dealer rules, citing concerns about reduced liquidity and increased volatility in Treasury markets.

iPhone 16e Faces Stiff Competition from Older Models in India

Apple's new iPhone 16e aims for India's budget market, but older models remain popular.

Fed's Goolsbee Expects Less 'Sobering' PCE Inflation Reading

Chicago Fed President Goolsbee expects the PCE inflation reading to be less sobering than the CPI, but remains concerned about potential inflation impact from Trump's tariff policies.

Trump's DOGE Dividend Idea: A Closer Look and Mounting Challenges

President Trump supports idea of giving Americans a "DOGE dividend," a tax refund next year from money saved by Elon Musk's cost-cutting group.

X: Debt-Ridden, But Musk's Fame and FOMO Keep It Afloat

Elon Musk's X Holdings, formerly Twitter, seeks fresh equity to regain its $44 billion valuation. Despite debt and adjusted financials, investor optimism is driven by Musk's influence and fear of missing out, as advertisers return under pressure from lawsuits and Musk's connection to Trump.