House Democrat warns about Musk, other 'weird trillionaires' controlling AI

The Hill - Oct 28, 2026

Rep. Jim Himes (D-Conn.) on Wednesday morning issued a stark warning about the influence that SpaceX CEO Elon Musk and other artificial intelligence technology leaders have over global affairs following a recent reported slowdown of the satellite company's technology in Ukraine. “We’re in this world where, you know, five weird trillionaires are going to control...

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In Moving Gradually, Fed Risks Having to Play Catch-Up to Quell Inflation

Oct 29, 2026

In Moving Gradually, Fed Risks Having to Play Catch-Up to Quell Inflation

Federal Reserve officials are expected to restart rate increases in December, but the cadence of additional moves will depend on the data.

Fed Holds Rates Steady Despite Lack of Progress on Inflation

Oct 28, 2026

Fed Holds Rates Steady Despite Lack of Progress on Inflation

Kevin M. Warsh, the chairman of the Federal Reserve, said an “information-rich” period before the central bank’s gathering in December will help officials determine next steps for policy.

Fed Holds Rates Steady Despite Lack of Progress on Inflation

Oct 28, 2026

Fed Holds Rates Steady Despite Lack of Progress on Inflation

Kevin M. Warsh, the chairman of the Federal Reserve, said an “information-rich” period before the central bank’s gathering in December will help officials determine next steps for policy.

Fed Will Hold Fewer Rate-Setting Meetings Starting Next Year

Oct 28, 2026

Fed Will Hold Fewer Rate-Setting Meetings Starting Next Year

Kevin M. Warsh, the Federal Reserve’s chairman, said the central bank would vote on interest rates seven times in 2027 and six in 2028. It has traditionally voted eight times per year.

Trump’s Push to Fire Fed Governor Lisa Cook Looms Over Warsh

Oct 28, 2026

Trump’s Push to Fire Fed Governor Lisa Cook Looms Over Warsh

Lisa D. Cook, a Fed governor, is set to face an unorthodox, private hearing over allegations of mortgage fraud she has consistently denied.

Treasury sanctions North Koreans, Russians for alleged IT fraud

Oct 28, 2026

Treasury sanctions North Koreans, Russians for alleged IT fraud

The Treasury Department on Wednesday sanctioned 10 individuals and one entity involved in an alleged scheme to defraud American businesses to benefit the North Korean military. The department’s Office of Foreign Assets Control (OFAC) sanctioned eight North Korean nationals and two Russian nationals, accusing them of facilitating a government-run information technology (IT) scheme to generate...

Treasury sanctions North Koreans, Russians for alleged IT fraud

Oct 28, 2026

Treasury sanctions North Koreans, Russians for alleged IT fraud

The Treasury Department on Wednesday sanctioned 10 individuals and one entity involved in an alleged scheme to defraud American businesses to benefit the North Korean military. The department’s Office of Foreign Assets Control (OFAC) sanctioned eight North Korean nationals and two Russian nationals, accusing them of facilitating a government-run information technology (IT) scheme to generate...

Bond yields rise slightly ahead of Fed rates decision

Oct 28, 2026

Bond yields rise slightly ahead of Fed rates decision

Bond yields ticked up Wednesday morning ahead of the Federal Reserve’s decision on interest rates, with investors expecting the central bank to keep borrowing costs steady.  The 10-year U.S. Treasury bond yield was trading at more than 5.02 percent as of midmorning, up by roughly 3 basis points from closing time Tuesday. The note dipped...

Kalshi defends Platinum program against scrutiny from Democrats

Oct 28, 2026

Kalshi defends Platinum program against scrutiny from Democrats

Kalshi argued Tuesday that its VIP program and platform are "fundamentally different" from those offered by sportsbooks, after several Democratic lawmakers expressed concerns over loyalty programs at both prediction markets and sportsbooks. In a letter shared first with The Hill, the company suggested Kalshi Platinum has no "predatory incentives" because of its distinct business model....

Kalshi defends Platinum program against scrutiny from Democrats

Oct 28, 2026

Kalshi defends Platinum program against scrutiny from Democrats

Kalshi argued Tuesday that its VIP program and platform are "fundamentally different" from those offered by sportsbooks, after several Democratic lawmakers expressed concerns over loyalty programs at both prediction markets and sportsbooks. In a letter shared first with The Hill, the company suggested Kalshi Platinum has no "predatory incentives" because of its distinct business model....

KISS's Gene Simmons on AI in music industry: 'Learn how to use it, otherwise it will use you'

Oct 28, 2026

KISS's Gene Simmons on AI in music industry: 'Learn how to use it, otherwise it will use you'

Gene Simmons of KISS fame is urging the music world to get on board with artificial intelligence. The "Rock and Roll All Nite" singer was asked about his stance on AI on NewsNation's "The Hill with Blake Burman" on Tuesday, and whether the technology will be "good or bad" for music. The Hill and NewsNation...

Live updates: Trump, Obama campaign in midterm sprint; Murkowski backs Dem in Alaska governor's race

Oct 28, 2026

Live updates: Trump, Obama campaign in midterm sprint; Murkowski backs Dem in Alaska governor's race

Former President Obama is stopping in Atlanta on Wednesday — less than a week out from Election Day — to give a boost to Democrat Keisha Lance Bottoms, who's running for Georgia governor, and incumbent Sen. Jon Ossoff (D). Obama's visit to the Peach State comes just a few days after his quippy speech at...

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