The Consumer Financial Protection Bureau’s Trump-appointed leadership plans to fire nearly all its 1,700 employees while “winding down” the agency, according to testimony from employees. In a trove of statements released late Thursday, federal employees said that the mass layoff was discussed in meetings they attended this month with senior CFPB leaders and members of Elon Musk’s Department of Government Efficiency. “My team was ...
Kroger Chairman and CEO Rodney McMullen has resigned after an internal investigation into his personal conduct. Kroger, the nation’s largest grocery chain, said Monday that the investigation into McMullen’s personal conduct was unrelated to the business, but was found to be inconsistent with its business ethics policy. Board member Ronald Sargent will serve as chairman and interim CEO, effective immediately. ...
The U.S. Treasury Department announced it will not enforce a Biden-era small business rule intended to curb money laundering and shell company formation. In a Sunday evening announcement, Treasury said in a news release that it will not impose penalties now or in the future if companies fail to register for the agency’s beneficial ownership information database that was created during the Biden administration. ...
When the Los Angeles wildfires swept through Southern California in January, Barbara Shay lost much more than the building housing the cafe she owned. Gone were the ingredients for menu items like grits or pancakes. Gone were the photos of icons ranging from former President Barack Obama to actor Richard Pryor that had lined the walls. Gone, too, were the ...
The U.S. Department of the Treasury on Sunday announced it won’t enforce the penalties or fines associated with the Biden-era “beneficial ownership information,” or BOI, reporting requirements for millions of domestic businesses. Enacted via the Corporate Transparency Act in 2021 to fight illicit finance and shell company formation, BOI reporting requires small businesses to identify who directly or indirectly owns or controls the company to the ...
To seasoned diplomatic observers, US President Donald Trump’s furious dressing down of Volodymyr Zelensky in the Oval Office was a planned political mugging, a trap set by the Trump administration to discredit the Ukrainian leader and remove him as an obstacle to whatever comes next. Whether it was orchestrated or not, Moscow – which reacted with glee to the White ...
Massive snowstorms and record heat hit eastern China over the weekend, with residents of one province wrapping up against driving snow and their compatriots down the coast heading outdoors to enjoy ice cream. Blizzards on Sunday swept across the eastern province of Shandong, south of Beijing, with snow piling up to 13 centimeters (5.1 inches) deep in some areas, according ...
It was a weekend for the history books. What began with US President Donald Trump furiously berating Ukrainian President Volodymyr Zelensky in the White House ended with a show of European unity in London and vows to wrestle negotiations over the Russia-Ukraine war away from the US. Here are five key takeaways from a public bust-up that has profound implications ...
When emergency workers arrived at the home of Tetyana Kulyk and her husband Pavlo Ivanchov shortly after it was hit by a Russian drone on Wednesday, all they could do was recover their charred bodies. Kulyk, a renowned Ukrainian journalist, and Ivanchov, a surgeon and university professor, were killed when the drone hit their home just north of Kyiv. Neighbors ...
Elon Musk said Thursday that he’s sending his Starlink satellite internet terminals to the Federal Aviation Administration while saying, without providing evidence, that current technology poses a risk to air travel safety. The billionaire and top advisor to President Donald Trump, who has been tasked with cutting costs throughout the federal government, posted the claims on his social media platform, X. Executives ...