Every new client who opens an account at my firm hands over a driver’s license, a passport, or a certified trust document before a single dollar moves. Federal regulators call it Know Your Customer or KYC for short. I call it common sense: verify who someone is before you give them access to something valuable. […]
Rep. Alexandria Ocasio-Cortez (D-N.Y.) warned Trump administration officials that they would soon face a "problem" if they continued arresting her fellow Democratic colleagues. Ocasio-Cortez specifically called out Secretary of Homeland Security Kristi Noem and "Border Czar" Tom Homan, and accused the Department of Homeland Security (DHS) of using “public intimidation." “If anyone’s breaking the law in...
Microsoft on Tuesday began laying off nearly 3 percent of its total workforce — or about 6,000 employees. “We continue to implement organizational changes necessary to best position the company for success in a dynamic marketplace.” a Microsoft spokesperson told The Hill in an emailed statement. The Washington state-based tech company has a total of...
The U.S. has an immediate and actionable vital national security interest in the economic survival, recovery and growth of Argentina. On April 11, the International Monetary Fund approved a $20 billion balance-of-payments loan to Argentina to shore up the country’s foreign-exchange reserves. On the same day, the World Bank Group and the Inter-American Development Bank...
More than 100 House Democrats urged the Department of Health and Human Services (HHS) to spare a crisis service for LGBTQ youth from federal funding cuts, calling the plan, part of a leaked budget proposal, “ill-advised” and dangerous in a letter addressed Tuesday to Health Secretary Robert F. Kennedy Jr. An internal budget document first reported...
The Federal Aviation Administration (FAA) on Tuesday defended moving Newark Liberty International Airport’s airspace control to Philadelphia in a statement released in the wake of recent turmoil in the airport’s operations. “There is a nationwide shortage of air traffic controllers, and the FAA for years has not met the staffing goal for the area that...
House Minority Leader Hakeem Jeffries (D-N.Y.) on Tuesday hammered the Trump administration for threatening to arrest Democratic members of Congress, saying such a move would constitute a clear case of executive overreach. “It’s a red line,” Jeffries told reporters in the Capitol. “They know better than to go down that road.” Three House Democrats from...
Nissan said on Tuesday it is making significant reductions to its workforce and scaling back factory production, citing results during its just-completed fiscal year. The Japanese automaker said it is aiming to reduce its workforce by a total of 20,000 employees between fiscal years 2024 and 2027, which would include the previously announced reduction of...
Texas Sen. Ted Cruz (R) is warning that Qatar’s gift of a luxury Boeing 747-8 to the Trump administration to serve as the new Air Force One poses “significant espionage and surveillance problems,” a concern voiced by other lawmakers. “I’m not a fan of Qatar. I think they have a really disturbing pattern of funding...
President Trump has arrived in Riyadh, Saudi Arabia, for the start of a tour of the Middle East that will include visits to the United Arab Emirates and Qatar. The trip marks Trump’s first extended foreign visit of his second term. His itinerary on Tuesday includes an official state visit, a state dinner and attending...
President Trump’s plans to accept a luxury Boeing 747-8 plane from the Qatari government is “obviously” a violation of the Constitution’s Emoluments Clause, according to a former White House ethics lawyer. “Everybody gets a $400 million plane from the government of Qatar. They give them out like the M&M's acts. And I and Alyssa [Farah...
Inflation picked up speed in April after declining in March, according to data released Tuesday by the Labor Department. The consumer price index (CPI) rose 0.2 percent last month and is up 2.3 percent over the past year, according to the Labor Department. The annual inflation rate without volatile food or energy prices was 2.8...
Billionaire tech entrepreneur Elon Musk joined President Trump on his first day in Saudi Arabia, appearing with other top business leaders for a lunch with Crown Prince Mohammed bin Salman. Musk was at the Royal Court for a coffee ceremony, followed by the lunch, when Trump arrived. The Tesla CEO and top adviser to the...
