Thousands of flights were delayed or canceled Monday as a major winter storm swept much of the U.S.
The big picture: Asa sprawling and intense storm traverses the country, it has brought snow and frigid temperatures, knocked out power, grounded travel and brought the nation's capital to a halt.
Elon Musk wants his crusade to radically slash federal spending to resemble what is underway in Argentina, where the leader's name is now synonymous with drastic budget cuts.
Why it matters: Musk previewed last month how influential he might be on Trump-era fiscal matters.
The Federal Reserve's top bank regulator said he will resign from his leadership post while remaining on the Fed's board of governors, front-running a potential clash with President-elect Trump over whether he can be fired.
Why it matters: Some Trump allies have advocated trying to demote Michael Barr, who has pushed for sweeping new regulations on large banks, from the vice chair position.
Nippon Steel and U.S. Steel this morning sued the Biden administration for blocking their proposed tie-up, as expected.
Driving the news: They also filed a RICO complaint against rival Cleveland-Cliffs, the steelmaker's CEO, and the head of the United Steelworkers union. This was unexpected, and escalates the litigation from heated to nuclear.
In the latest iteration of Bill Ackman's activist investing career, the billionaire hedge fund manager is using the power of his 1.5 million followers on X to try to influence one man in particular: Donald Trump.
Why it matters: The president-elect is very likely to both create and destroy fortunes by executive decree.
New York City's congestion pricing went into effect in the center of Manhattan on Sunday, one day after a federal judge rejected a request from New Jersey officials to halt the program.
Why it matters: The Metropolitan Transportation Authority says the first road toll policy of its kind in the U.S. is aimed at reducing traffic jams, boosting public transit use and improving air quality by charging up to $9 per day in the Congestion Relief Zone.
