Washington Financial News

Stocks declined, giving back some of the robust gains of the previous session, when they were buoyed by the nomination of fund manager Scott Bessent as Treasury Secretary, considered by investors as a voice for Wall Street in Washington.

The reaction of those who defended “Morning Joe” hosts Joe Scarborough and Mika Brzezinski for meeting with President-elect Trump sounds almost quaint in the days of opinionated journalism

Subscribe to enjoy similar stories. For years, through carefully choreographed dinners and meetings, Apple CEO Tim Cook did something that has eluded many other corporate leaders: He developed a personal relationship with President-elect Donald Trump. Their rapport has been built, in part, by zeroing in on areas of mutual interest between Apple and Trump’s agenda.

The trial in a Virginia federal court is Google's second ongoing US antitrust case as the US government tries to rein in the power of big tech. In a separate trial, a Washington judge ruled that Google's search business is an illegal monopoly, and the US Justice Department is asking that Google sell its Chrome browser business to resolve the case.

“Wicked” and “Gladiator II” have debuted in theaters with a combined $270 million in ticket sales

Donald Trump hailed what would become Project 2025 as a road map for «exactly what our movement will do» with another crack at the White House. As the blueprint for a hard-right turn in America became a liability during the 2024 campaign, Trump pulled an about-face. He denied knowing anything about the «ridiculous and abysmal» plans written in part by his first-term aides and allies, AP reported. Now, after being elected the 47th president on November 5, Trump is stocking his second administration with key players in the detailed effort he temporarily shunned. Most notably, Trump has tapped Russell Vought for an encore as director of the Office of Management and Budget; Tom Homan, his former immigration chief, as «border czar;» and immigration hardliner Stephen Miller as deputy chief of policy.

Donald Trump has big plans for the economy

Virat Kohli and Yashasvi Jaiswal's contrasting centuries, here Sunday. Marnus Labuschagne (3) was dismissed in the last ball of the day as Usman Khawaja was left stranded at the other end at the draw of stumps with the hosts still trailing by 522 runs. Skipper Jasprit Bumrah removed Nathan McSweeney (0) and Labuschagne, while Mohammed Siraj dismissed night watchman Pat Cummins (2) to cap off a dominant day for the visitors. Earlier, resuming their second innings at 172 for no loss, India declared at 487 for six.

Virat Kohli on Sunday smashed a brilliant 50 in just 94 balls on the third day of the first Test in Perth, to continue India's lead against the mighty Australians. Kohli, who was out after scoring merely 5 runs in the first innings, appears to have found his rhythm or perhaps regained the much needed momentum in the second. He went on to smash three fours and a six in the innings and even built a strong sixth-wicket partnership with Washington Sundar. This half-ton marks Kohli's 32nd Test fifty, sixth against Australia and second in Perth and above anything else, it marks an end to his forgettable Test season thus far.

President-elect Donald Trump has nominated a critic of COVID-19 health measures to lead the Food and Drug Administration

President-elect Donald Trump has named Oregon Rep. Lori Chavez-DeRemer to lead the Department of Labor, elevating a Republican congresswoman who has strong support from unions in her district but lost reelection in November

President-elect Donald Trump has chosen money manager Scott Bessent, an advocate for deficit reduction and deregulation, to serve as his next treasury secretary

President-elect Donald Trump has chosen hedge fund manager Scott Bessent, an advocate for deficit reduction, to serve as his next treasury secretary

Chinese hackers are positioning themselves in U.S. critical infrastructure IT networks for a potential clash with the United States, a top American cybersecurity official said on Friday.

Indian American Minorities (AIAM), a newly formed non-governmental organisation, was launched on Friday at Sligo Seventh-day Adventist Church, Maryland. The initiative aims to unite and promote the welfare of minority communities within the Indian American diaspora in the United States. During the event, Prime Minister Narendra Modi was honoured (in absentia) with the Dr Martin Luther King Jr Global Peace Award for Minority Upliftment. The award was jointly presented by Washington Adventist University and AIAM, recognising his efforts towards inclusive development and minority welfare.

The Supreme Court has stepped into a major legal fight over the $8 billion a year the federal government spends to subsidize phone and internet services in schools, libraries and rural areas, in a new test of federal regulatory power

Vivek Ramaswamy have been appointed by US President- elect Donald Trump to lead the newly announced Department of Government Efficiency (DOGE), aimed at significantly reducing the federal workforce and eliminating numerous regulations. USA Today reported that in a recent op-ed for the Wall Street Journal, they eventually argued that the anticipated reduction in regulations would necessitate fewer federal employees, suggesting large-scale firings and relocations of agencies outside Washington DC. According to USA Today, the duo contends that Donald Trump has the executive authority to nullify many regulations without congressional approval while citing the recent Supreme Court rulings that support their claims. They plan to work with appointees within federal agencies to identify the minimum staffing required for essential functions. Although DOGE is eventually described as a department but it operates more like an advisory commission without formal authority, asserted USA Today.

Google must sell Chrome, its flagship browser, to break what officials say amounts to a monopoly on online searches. Experts say the sale of a browser used by millions could have far-reaching impacts on the way people use the internet, and even help reshape what browsers of the future might look like.The measures presented by the Department of Justice are part of a landmark case in Washington which has the potential to reshape how users find information.The proposed measures would be in place for up to a decade, enforced via a court-appointed committee to remedy what the judge overseeing the case deemed an illegal monopoly in search and related advertising in the U.S., where Google processes 90 per cent of searches.Carmi Levy, a technology analyst, said if Google is forced to sell Chrome, the implications could be “seismic” and lead to uncertainty.“This could be the industry’s next Y2K if it comes to pass because so many workflows, so many apps, so many services rely on Chrome as a foundation.

Subscribe to enjoy similar stories. During his victory speech on election night, Donald Trump touched on most of the standard topics for such occasions. He thanked his supporters and his staff.

Alphabet's Google must sell its Chrome browser, share data and search results with rivals and take other measures — including possibly selling Android — to end its monopoly on online search, prosecutors argued to a judge on Wednesday. The measures presented by the Department of Justice are part of a landmark case in Washington which has the potential to reshape how users find information. They would be in place for up to a decade, enforced via a court-appointed committee to remedy what the judge overseeing the case deemed an illegal monopoly in search and related advertising in the US, where Google processes 90% of searches.