Capital One Bank said concerns over money laundering were behind the closure of one of President Donald Trump’s bank accounts in 2021, responding to a lawsuit from one of Trump’s financial holding companies. The Trump Organization’s lawsuit held that the company persecuted Trump over his political beliefs, “de-banking” him after the Jan. 6, 2021, Capitol […]

The Trump administration has taken ownership interests in dozens of private companies, representing a level of intervention in private enterprise that is well beyond what has been contemplated by recent presidents. The administration has justified its ventures into business ownership as necessary for national security and to compete in critical domains, such as artificial intelligence. […]

FIFA President Gianni Infantino is praying for the White House’s support as he tries to quell outrage caused by plans to sell stakes in the World Cup to private equity firms, but it remains unclear whether President Donald Trump will intervene. The State Department is denying a New York Post report that Infantino, who was […]

President Donald Trump expressed his displeasure with Chevron and Exxon Mobil for raking in “too much” profit during the second quarter of this year as the White House grapples with complaints about gas prices amid the war with Iran. “Based on a shortage, they’re making too much money,” Trump told reporters in the Oval Office […]