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The Week: Business

Trump says he's 'not thrilled' with Fed's Powell for raising interest rates

Trump says he's 'not thrilled' with Fed's Powell for raising interest rates

President Trump told Reuters on Monday he's "not thrilled" with Federal Reserve Chairman Jerome Powell raising interest rates. Trump nominated Powell last year to replace former Fed Chair Janet
Fox Business' Maria Bartiromo loves these 'fashion forward' bulletproof backpacks for your child

Fox Business' Maria Bartiromo loves these 'fashion forward' bulletproof backpacks for your child

This year's hot back-to-school trend? Bulletproof backpacks, jackets, and undershirts. Yes, MC Armor has designed reinforced clothing perfect for sending your precious kids off to learn, and the line
The RNC now has 5 times as much money as the DNC

The RNC now has 5 times as much money as the DNC

The Republican National Committee announced Monday that it received unprecedented financial support last month, raising $14.2 million and breaking a record for July donations in a non-presidential
How Trump resuscitated Sunday morning talk shows

How Trump resuscitated Sunday morning talk shows

President Trump may hate the media, but his West Wingers sure love Meet the Press. The longtime Sunday show is where Trump lawyer Rudy Giuliani coined the soon-to-be-iconic phrase, "Truth isn't
University of Akron abandons interior design and electrical engineering so students can play more video games

University of Akron abandons interior design and electrical engineering so students can play more video games

College students who've swapped degrees for a life of video gaming can't be shamed anymore. The University of Akron is also swapping out 80 of its degree programs, building three state-of-the-art
The New York Times uncovers more shadiness in Andrew Cuomo's administration

The New York Times uncovers more shadiness in Andrew Cuomo's administration

The cloud of corruption surrounding New York Gov. Andrew Cuomo (D) is closing in. Top lobbyist Todd Howe still had a sizable influence on the governor's administration long after he left his post as a
Crazy Rich Asians tops weekend box office

Crazy Rich Asians tops weekend box office

Crazy Rich Asians beat shark movie The Meg to take the top spot in its opening weekend, bringing in $25 million in the U.S. box office versus $21.2 million for The Meg and $13.6 million for the No. 3
Turkey tanks

Turkey tanks

Turkey's crisis isn't over yet — it's just taking a breather. After dropping to a record low of 7.24 lira per U.S. dollar, Turkey's currency rebounded on Friday morning to 5.77 per dollar. In fact,
The Musk meltdown

The Musk meltdown

Elon Musk is in trouble. After some ill-advised tweeting, the Tesla CEO is now under investigation by the Securities and Exchange Commission for possible securities fraud. The New York Times also
Trump's cluelessness on trade is really hurting America, John Oliver says. Oliver's tutorial probably won't fix that.

Trump's cluelessness on trade is really hurting America, John Oliver says. Oliver's tutorial probably won't fix that.

"Trade is a subject on which our current president considers himself particularly expert," John Oliver said on Sunday's Last Week Tonight. The problem is, President Trump "seems genuinely confused" by
Kevin Spacey's new movie made just $126 on opening day

Kevin Spacey's new movie made just $126 on opening day

Opening in eight theaters on Friday, Kevin Spacey's new movie, Billionaire Boys Club, didn't even crack $300 at the box office in its first two days. On Friday, the movie made $126, and on Saturday,
Trump to announce new, looser emissions rules for coal power plants

Trump to announce new, looser emissions rules for coal power plants

President Trump intends to announce this coming week new guidelines for emissions from coal power plants, The Washington Post reported Saturday. The proposal would reverse an Obama administration
The future of your license plate

The future of your license plate

Each week, we spotlight a cool innovation recommended by some of the industry's top tech writers. This week's pick is a digital license plate. License plates have remained "virtually unchanged
IKEA's new collection is 'ugly,' IKEA says

IKEA's new collection is 'ugly,' IKEA says

IKEA is setting aside its signature minimalist design style for something a little more ... ostentatious. The Swedish furniture company is going a little avant-garde with some upcoming "pretty, ugly,
CEOs were paid 312 times more than the average employee last year

CEOs were paid 312 times more than the average employee last year

The income gap keeps growing. Chief executives at 350 of the largest companies in the U.S. now make 312 times more than their average employee, research from the Economic Policy Institute
Corporate debt is a ticking time bomb

Corporate debt is a ticking time bomb

America's economic expansion is now old enough that people are wondering what will cause the next bust. There are no obvious culprits. But one suspect skulking in the shadows arguably deserves more
Big tech's narrowing focus

Big tech's narrowing focus

When Steve Jobs took to the stage in 2008 to announce the second iPhone and, just as importantly, the then-brand new App Store, he was selling consumers one simple thing: choice. Whether you wanted to
An emotional Elon Musk says the past year has been 'excruciating,' and he expects it to get even worse

An emotional Elon Musk says the past year has been 'excruciating,' and he expects it to get even worse

Elon Musk's nonstop work schedule is fracturing his relationships with friends and family, plus taking a toll on his health, the Tesla CEO told The New York Times on Thursday. Musk spoke with Times
FDA approves first generic version of EpiPen

FDA approves first generic version of EpiPen

On Thursday, the Food and Drug Administration approved the first generic version of the EpiPen, used to treat severe allergic reactions to everything from food to insect bites. Teva Pharmaceuticals is
The Pentagon is reportedly prepared to spend $92 million on Trump's military parade

The Pentagon is reportedly prepared to spend $92 million on Trump's military parade

President Trump's military parade has racked up quite the bill. A defense official told Reuters on Thursday that the event could cost about $92 million. Trump earlier this year instructed the Pentagon