As Donald Trump celebrated his presidential victory early Wednesday morning, Elon Musk was right there with him. “A star is born. Elon,” Trump said onstage at his Mar-a-Lago resort, thanking the world’s richest person for spending two weeks campaigning in Pennsylvania. Musk, who poured at least $130 million into a pro-Trump campaign effort, turned Trump support into yet another full-time job […]
The Federal Reserve approved its second consecutive interest rate cut Thursday, moving at a less aggressive pace than before but continuing its efforts to rightsize monetary policy. In a follow-up to September’s big half percentage point reduction, the Federal Open Market Committee lowered its benchmark overnight borrowing rate by a quarter percentage point, or 25 […]