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Good morning! Thousands of federal workers got their jobs back yesterday, a month after the Office of Personnel Management (OPM) directed agencies to fire employees on probation. The decision marks the latest roadblock to President Donald Trump and Elon Musk’s attempts to massively cull the federal workforce. And while many of these employees are celebrating…
Kaltbaum Capital Management President Gary Kaltbaum analyzes Nvidia and Southwest Airlines on ‘Varney & Co.’ Southwest Airlines could lose a portion of leisure travelers to rivals with its latest decision to start charging for checked bags, according to an industry expert. It was a policy – along with open seating – that helped the carrier…
Sean 'Diddy' Combs to be arraigned on new indictment as trial nears
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK economy unexpectedly contracted by 0.1 per cent in January, underscoring the challenge facing chancellor Rachel Reeves as she prepares to deliver a high-stakes Spring Statement this month. Friday’s monthly GDP figure from the…
Wayan Vota knew something was wrong. A 20-year veteran of the international aid sector, Vota was long accustomed to industry changes following the inauguration of a new president—there is always a reset period during which agencies and contractors shift to align with the incoming administration’s priorities. But this time was different. Newly-inaugurated President Trump signed…
‘The Big Money Show’ panel discusses the impact of Trump’s agenda on American taxpayers. The federal government’s budget deficit has grown by more than $300 billion in the first five months of fiscal year 2025, according to the latest data. The Treasury Department’s latest monthly treasury statement showed that February’s monthly deficit was $307 billion —…
Indonesia issues telco permits for five Apple iPhone 16 models
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Two federal judges have ordered the Trump administration to rehire tens of thousands of government employees sacked in recent weeks, in a significant legal setback to Elon Musk’s aggressive cost-cutting drive. Across both…
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Rep. Bryan Steil, R-Wis., discusses Elon Musk’s approach to eliminating government waste and fraud on ‘Varney & Co.’ The now iconic image of an elated Elon Musk wielding a chainsaw may be unsettling – even to dyed-in-the-wool Republicans – but it does effectively capture the daunting challenges facing the Trump administration’s newly created Department of…
