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Treasury Secretary Scott Bessent, a former hedge fund manager, said he’s not worried about the recent downturn that’s wiped trillions of dollars from the equities market as the US seeks to reshape its economic policies. “I’ve been in the investment business for 35 years, and I can tell you that corrections are healthy, they are…
The Trump administration has transferred hundreds of immigrants to El Salvador even as a federal judge issued an order temporarily barring the deportations under an 18th century wartime declaration targeting Venezuelan gang members, officials said Sunday. Flights were in the air at the time of the ruling. U.S. District Judge James E. Boasberg issued an order Saturday…
Baidu Inc. released a new artificial intelligence model that articulates its reasoning, in an apparent bid to regain momentum against up-and-coming rivals like DeepSeek. The Ernie X1 model by China’s internet search leader works similarly to DeepSeek R1 — which shocked Silicon Valley by offering comparable performance to the world’s best chatbots at a fraction of their…
Historically, toying with Social Security benefits has been long seen as a political “third rail,” meaning whoever touches it will get zapped. The White House said in a press release it won’t cut Social Security, Medicare, or Medicaid benefits, but that doesn’t rule out the chances of a mistake. Amid the Department of Government Efficiency’s…
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President Donald Trump said he ordered a series of airstrikes on Yemen’s capital, Sanaa, on Saturday, promising to use “overwhelming lethal force” until Iranian-backed Houthi rebels cease their attacks on shipping along a vital maritime corridor. The Houthis said 13 civilians were killed. “Our brave Warfighters are right now carrying out aerial attacks on the terrorists’ bases, leaders, and…
The Democratic Party was fracturing Friday as a torrent of frustration and anger was unleashed at Senate Democrats, led by Sen. Chuck Schumer, who faced what they saw as an awful choice: shut the government down or consent to a Republican funding bill that allows President Donald Trump to continue slashing the federal government. After Schumer announced that he would…
© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal InformationFORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive…
David Sacks and his investment firm Craft Ventures have divested more than $200 million in crypto holdings since President Donald Trump named Sacks as the White House’s AI and crypto czar, according to a Bitcoin, Ethereum, and Solana, according to the memo. Sacks also held stock in the online brokerage Robinhood and the crypto exchange…
Our bodies—and guts, specifically—depend on a balance of bacteria to “maintain healthy blood sugar and cholesterol levels,” but “you gotta feed the bacteria.” So said Dr. Mehmet Oz—heart surgeon turned daytime TV host, ardent RFK Jr. supporter, believer in disproven COVID treatment hydroxychloroquine, and now possible head of Medicaid and Medicare for the Trump administration—who…