"It will test every single shred of creativity we have to continue to try to serve our mission," says one public media executive, as Congress ends federal funding for public broadcasting.
Colbert confirmed the cancellation during a show taping on Thursday. CBS said the move was "purely a financial decision against a challenging backdrop in late night."
A settlement has been reached in a class action investors' lawsuit against Meta CEO Mark Zuckerberg and company leaders over claims stemming from the privacy scandal involving Cambridge Analytica.
For decades, Condé Nast publications such as Vogue and Vanity Fair wereconsequential tastemakers. Writer Michael Grynbaum explores the heyday of these magazines and how they lost their footing.
Former president of the Federal Reserve Bank of Cleveland Loretta Mester says it's important that the Fed stays independent and that fiscal politics should not interfere with monetary policy makers and their decisions.
President Trump said it was "highly unlikely" he would fire Jerome Powell, but also said he discussed the idea with Republican lawmakers who expressed support.
Seesawing tariffs and turbulent financial markets are playing out on social media feeds, impacting the multibillion-dollar influencer industry in what could be a new recession indicator.
The Senate voted yesterday to advance debate on a package to claw back funds allocated for public broadcasting and foreign aid. And, a report shows inflation increased in June.
In this season of Planet Money Summer School, our free economics course for your ears is tackling the biggest economic player of them all: the government.
The private crew included Ax-4 mission commander and former NASA astronaut Peggy Whitson. It was her fifth trip to space and extended her record-setting duration to 695 days, the most of any American.
In states without policies to drive renewable energy, power prices could surge as federal tax incentives for clean energy disappear, according to Energy Innovation, a think tank.
