President Donald Trump on Wednesday appealed a federal judge’s order blocking him from firing Federal Reserve Governor Lisa Cook, the latest twist in a high-stakes lawsuit that could be headed to the Supreme Court. The notice of the appeal to the U.S. Court of Appeals for the D.C. Circuit was brief. The administration's next steps could include seeking an emergency pause to Cobb's order while the lawsuit proceeds.In a statement to Fox News Digital, White House spokesperson Kush Desai defended Trump’s decisi ...

On Tuesday, the Bureau of Labor Statistics (BLS) published a revision of its latest job numbers, a report that shows just how far off its estimates of overall employment were from reality.   The latest data just confirms what many already suspected—that the situation is worse than we thought. There’s something incredibly wrong at BLS, and for the sake of our economy, it’s time to fix it.   From March 2024 to March 2025—a period mostly covering the final year of the Biden administration — BLS overestimated j ...

Oracle's stock surge has pushed co-founder Larry Ellison's net worth higher by tens of billions of dollars the last two days and puts him ahead of Tesla CEO Elon Musk as the richest person in the world. The software giant's stock surged in after-hours trading following an earnings release that featured a significant uptick in sales and signaled a bullish outlook for Oracle's cloud business.The positive news sent Oracle stock more than 32% higher in after-hours and pre-market trading – gains which continued ...

The United States is set to increase its manufacturing of amoxicillin — a widely used prescription antibiotic that recently faced a national shortage — after Walmart and medical supply and distribution company McKesson inked a deal with the nation's lone manufacturer of the drug.  "We are thrilled to work with Walmart and McKesson to bring domestically manufactured antibiotics directly to American families," Patrick Cashman, president of USAntibiotics, said in a press release of the announcement on Monday.  ...

Core Points - A federal judge has blocked President Trump from firing Federal Reserve Governor Lisa Cook, allowing her to remain in her position for the time being, with an appeal expected from the administration [1][2] - The judge indicated that Cook has demonstrated "irreparable harm" due to her absence from the Federal Reserve, emphasizing her role in monetary policy [3] - Cook's lawsuit against Trump argues that her firing undermines the independence of the Federal Reserve, and it does not address the allegations of mortgage application fraud against her [10][11] Legal Proceedings - U.S. District Judge Jia Cobb has moved Cook's request into a preliminary injunction, which will maintain her status until the case is resolved [2] - The case is expected to be complex, with both sides facing novel legal questions [7] - Cook's attorneys have been granted additional time to file a formal motion for a temporary restraining order (TRO) [7][8] Background Information - Cook was ousted by Trump on August 25, leading her to file a lawsuit three days later [10] - The allegations against Cook involve misrepresentation of multiple properties in mortgage filings, which were brought to light by a Trump appointee [11] - Cook's appointment marked a historic milestone as she became the first Black woman to serve on the Federal Reserve Board [13][15]

Apple on Tuesday kicked off an event featuring the unveiling of a new lineup of iPhones headlined by a new thinner smartphone as the tech giant explores new design features. Apple's new thinner smartphone offering is known as the iPhone Air and is expected to be in the middle of the company's iPhone lineup between less expensive iPhone 17 models and more expensive iPhone 17 Pro models.The company said the iPhone Air is its thinnest iPhone ever, and it's only 5.6mm with a 6.5 inch display. It's protected by ...

The Trump administration on Tuesday blasted the Labor Department’s annual jobs revisions, which revealed the U.S. added hundreds of thousands fewer jobs than first thought – the largest correction on record. The revisions, compiled by the Bureau of Labor Statistics, showed that previous jobs reports were overstated by 911,000. The latest adjustment – on the higher end of Wall Street’s expectations – comes as President Donald Trump steps up his calls for the Federal Reserve to cut rates to stimulate the U.S. ...

The Labor Department on Tuesday published the preliminary estimate of its annual benchmark revision to nonfarm payrolls, which showed the U.S. economy added significantly fewer jobs than previously reported. The Bureau of Labor Statistics (BLS) published its first estimate of the annual benchmark revision, which lowered its estimate of employment by about 911,000 jobs over the April 2024 to March 2025 period.BLS goes through the benchmarking process each year to incorporate more accurate data from state une ...

The Senate Banking Committee is set to vote Wednesday on Stephen Miran’s nomination to the Federal Reserve Board of Governors.  If he clears the panel, the full Senate would consider the nomination to the panel that helps chart the nation's economic path. To block him, at least four Republican senators would need to break ranks.MIRAN VOWS INDEPENDENCE, UNPAID LEAVE FROM WHITE HOUSE IF CONFIRMED Miran, the chair of the Council of Economic Advisers (CEA) and a veteran of both Trump administrations, was nomina ...

The United Auto Workers (UAW) labor union is condemning Hyundai for what it calls a "disgraceful record on worker safety" following an immigration raid at an electric car battery factory in Georgia. Most of the 475 people detained on Sept. 4 under suspicion of being in the United States illegally – with at least 300 reportedly hailing from South Korea – were employees of subcontractors, rather than direct employees, LGES and Hyundai Motor Company have said, according to Reuters."For years, Hyundai—including ...