Aimee Picchi - Profile and Journalist Details
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Aimee Picchi
Verified
Associate Managing Editor, CBS Moneywatch
New York
Beats
community news real estate developmentpolitics
N/A - everything will be considered
Content
By Aimee Picchi Verified, Alain Sherter Verified| CBS News Verified The battle between President Trump and Harvard University has moved to a new front, with the IRS now considering whether to revoke the Ivy League school's tax-exempt status. A final decision has not yet been made by the IRS, CBS News' Aaron Navarro reports. But the effort comes after Mr. Trump on Tuesday suggested that Harvard could lose its tax exemption. The tax agency's move to consider whether to strip Harvard of its designation as a 501(c)(3) organization was earlier reported by CNN.
By Megan Cerullo Verified, Aimee Picchi Verified| CBS News Verified Tariffs could make Shein and Temu products more expensive Shein and Temu, two popular Chinese e-commerce sites known for their low-cost items, say they will raise prices for U.S. consumers starting next week, a move that comes amid President Trump's 145% tariff on imports from China and the end of a trade loophole. The sites are popular with U.S. shoppers because of their low prices, with a focus on fast fashion.
By Aimee Picchi Verified, Alain Sherter Verified| CBS News Verified President Trump took aim at Federal Reserve Chair Jerome Powell on Thursday, writing in a social media post that Powell should be cutting interest rates and adding that his "termination cannot come fast enough."Mr. Trump's comments on his social media app, Truth Social, comes after Powell delivered a speech on Wednesday that warned of the potential consequences of the Trump administration's trade war, while reiterating that the central bank plans to hold interest rates steady for now.
Company Info
CBS Moneywatch
CBS News is a leading American broadcast journalism organization and a division of CBS, established on September 18, 1927. Headquartered at the CBS Broadcast Center in New York City, it has played a significant role in television and radio news for nearly a century. CBS News began as a radio service and expanded into television, becoming known for its live coverage and national news reporting. The organization offers a variety of television news programming, including the flagship *CBS Evening News*, which has featured prominent anchors like Walter Cronkite and Dan Rather. It also produced notable series such as *United Nations In Action*, which provided live coverage of UN proceedings, and *Douglas Edwards with the News*, the first nightly newscast broadcast coast-to-coast. CBS News has maintained a strong presence in radio journalism and has created documentary content through CBS News Productions. Under the leadership of President Wendy McMahon, CBS News continues to innovate while upholding its legacy in journalism.
New York, New York, United States
+1 212-975-3247
Founded: 1927