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174 articles, grouped into stories

Trump to Send $90 Medicare Checks, Says Americans Can ‘Rest Assured’ $5,000 Will Follow After MidtermsWith the midterm elections just weeks away, President Donald Trump announced on Friday that more than 20 million Medicare Part B beneficiaries will receive a one-time $90 payment this month. Trump, who declared on Truth Social that his administration would send out "checks," said the money will come from the $2 billion Medicare Improvement Fund and is…
Wall Street week ahead: Fed minutes, unemployment data, consumer sentiment updateWall Street has a busy week ahead with a mix of economic updates and details about the Federal Reserve’s decision to raise interest rates at its last meeting. The updates include fresh data on the health of the services sector, unemployment and consumer sentiment. Those reports can help give investors and economists more insight into how businesses and…
DOJ not reopening criminal probe into Powell, Blanche saysThe U.S. Justice Department is not reopening a criminal probe into former Federal Reserve Chair Jerome Powell for cost overruns ​related to the central bank's building renovation project, a DOJ spokesperson said on Friday. Attorney General Todd ⁠Blanche, in comments to Bloomberg News, which first reported the ‌development, said he has not ​ruled out…
Visa Mastercard Antitrust Suit Targets Card Giants Over Billions in Merchant FeesA San Diego pizza restaurant has taken aim at two of the world’s biggest payment networks, accusing Visa and Mastercard of continuing to squeeze merchants with excessive “swipe fees” despite billions of dollars already paid to resolve earlier antitrust litigation. The Pizza Standard filed a proposed class action Thursday in federal court in New York,…
No criminal wrongdoing in Federal Reserve building renovation, watchdog says, but it was mismanagedThe Federal Reserve’s internal watchdog said Wednesday that the agency has broadly mismanaged an expansive building renovation project but did not find any criminal violations, as alleged by Trump administration prosecutors. The Fed’s inspector general said that a variety of missteps by its Board of Governors inflated the cost of the $2.4 billion…