County St. Louis Financial News

Elon Musk, the ever-controversial billionaire, has once again ignited a debate—this time, about the very foundation of the U.S. financial system. In a recent podcast appearance with Senator Ted Cruz, Musk claimed that the U.S. government has “14 magic money computers” that create money out of thin air. His comments, delivered with characteristic bluntness, suggest a fundamental flaw in government accounting, comparing it to a company so mismanaged it would be “delisted immediately” if it were public. The claim set the internet ablaze, with social media users scrambling to decipher whether Musk was exposing a financial conspiracy or simply misrepresenting how government money works.

Subscribe to enjoy similar stories. True Religion’s distinctive, $400 jeans were everywhere in 2005: in paparazzi shots of early reality stars Paris Hilton and Jessica Simpson, lyrics of “My Humps" by the Black Eyed Peas, the windows of a new flagship store in Manhattan Beach, Calif., and billboard and magazine campaigns featuring blonde, tanned and toned models standing in wild prairies. Twenty years and two bankruptcies later, True Religion and its ads look very different.

Lance Lynn officially announced his retirement from Major League Baseball on Tuesday during an episode of his wife’s podcast, Dymin in the Rough. The St. Louis Cardinals right-handed pitcher has decided to stop playing professional baseball at age 37 after representing the team throughout 13 successful seasons.

General Motors and Ford. Trump unveiled on Wednesday his plan to implement a 25% tariff on imported cars and light trucks effective on April 3, while the duty on auto parts begins on May 3. Investors are also bracing for a wave of reciprocal tariffs Trump plans to unveil on Wednesday, although the president has hinted there may be room for flexibility. In a volatile session on Wall Street, General Motors tumbled over 7% and Ford slid 3.9%. Car parts manufacturers Aptiv and BorgWarner each lost around 5%. Tesla edged up 0.4%, with investors betting the electric vehicle maker will be hurt less by tariffs because of its largely domestic production. Apple added 1.05%, helping limit the S&P 500's loss. Trump's mercurial trade policies have created uncertainty on Wall Street, as investors fret over potential disruptions to supply chains, hampered investment, and the specter of inflation threatening global economic growth.

income-driven repayment plans used by millions of student loan borrowers. The American Federation of Teachers in a lawsuit filed in federal court in Washington late Monday took aim at the Education Department's decision last month to halt borrowers' ability to enroll in the affordable repayment plans. The department made the change after a federal appeals court ruled that Democratic President Joe Biden's administration lacked authority to pursue a student debt relief program designed to lower monthly payments for millions of borrowers and speed up loan forgiveness for some. The court's decision, issued after Biden left office, had set back his administration's efforts to address what his White House described as a broken student debt system that can financially burden Americans seeking higher education. The Biden-era Saving on a Valuable Education (SAVE) Plan provided more generous terms than past income-based repayment plans, with monthly payments dropping for some borrowers to as low as $0. It also provided debt forgiveness for some smaller loans in as few as 10 years.

The latest federal data found that the pay gap between employees who remain in their positions and those who switch jobs has fallen to its lowest point in a decade, the Wall Street Journal reported. During the first two months of 2025, workers who remained with their previous employers received a 4.6% bump in pay, while job switchers received about a 4.8% hike, as per the report. While the fall in hike started from 2025, yet the difference was slightly more, job switchers gained an average of 7.7% in salary compared to the job stayers' 5.5% bump, according to Wall Street Journal.

Local news footage showed homes with roofs torn off and large trucks overturned, while forecasters warned of additional tornadoes expected over the weekend. In Kansas, eight people were killed in a crash involving over 50 vehicles, which police attributed to low visibility during a «severe dust storm.» Missouri State Highway Patrol reported 12 storm-related deaths and released images of boats stacked on top of one another at a marina that had been destroyed. The patrol also noted downed trees, damaged buildings, and power outages caused by «tornadoes, thunderstorms, and large hail.» «It was the scariest thing I've ever been through; it was so fast, our ears were all about to burst,» said Alicia Wilson, a Missouri resident who had to evacuate her home.

The storm follows significant staffing cuts at the National Oceanic and Atmospheric Administration (NOAA) and the National Weather Service, whose diminishing workforce experts warn could put lives at risk. Last week, 779 NOAA employees were laid off, leaving people worried about how the nation will respond to extreme weather events.

WASHINGTON — The risks for higher inflation are on the rise, St. Louis Federal Reserve President Alberto Musalem said Monday.

Sai Varshith Kandula to eight years in prison on Friday for crashing his rented truck into White House barricades on May 22, 2023, in a bizarre Nazi-inspired plot to overthrow the US government and establish a dictatorship with himself in charge, reported TOI.

Subscribe to enjoy similar stories. ST. LOUIS—A Federal Reserve official said he viewed last month’s decision to lower interest rates as a “close call" because the economic outlook appears to be different now than it was when the central bank started cutting rates four months ago.

Starbucks CEO Brian Niccol says the company's app needs to be more transparent on pricing.

Capybaras are having a big moment

Fourteen North Korean nationals have been indicted in a scheme using information technology workers with false identities to contract with U.S. companies, workers who then allegedly funneled their wages to North Korea for development of ballistic missi...

The Kansas City Royals say they have reached an agreement with Diamond Sports Group to continue broadcasting their games next season

Subscribe to enjoy similar stories. The Bar Fitzgerald in the Hôtel Belles Rives qualifies as one of Europe’s most sybaritic literary shrines. Resembling the interior of a Jazz Age ocean liner and filled with stylish art-deco furniture, it is perched above the glittering waters of Cap d’Antibes, offering voluptuous views across the French Riviera to Cannes.

Missouri Gov_ Mike Parson has rescinded an executive order that set modest goals for state agencies to make purchases from businesses owned by minorities and women, claiming the goals carried “legal concerns.”

Two Georgia election workers have reached a settlement in their defamation lawsuit against a Missouri-based website that falsely accused them of fraud in the 2020 presidential election

Marcellus Williams, a 55-year-old Missouri man convicted of killing a former reporter in 1998, was executed Tuesday evening by lethal injection despite objections from prosecutors, defence lawyers and the victim’s family.

CHARLOTTE, N.C. (AP) — The dog can stay — at least for another round of NASCAR’s playoffs.The future of little Lulu, the stray puppy Denny Hamlin’s daughters found under the Gateway Arch in St.