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WSJ Poll: Experts Less Bearish on Trump Economy Now
Reports of the pending President Donald Trump-led economic demise have apparently been greatly exaggerated.Economists are now forecasting a lower recession risk, cooler inflationary pressure, and stronger job growth and creation, according to The Wall Street Journal's...
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Hassett: Trump's Tariffs 'Real' Unless Deals Improve
President Donald Trump has seen some trade deal offers and thinks they need to be better, White House Economic Adviser Kevin Hassett said on Sunday, adding that Trump will proceed with threatened tariffs on Mexico, the European Union and other countries if they don't...
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SpaceX to Invest $2B in Musk's XAI Startup
SpaceX has agreed to invest $2 billion in Elon Musk's AI startup xAI, marking one of its largest external investments and nearly half of xAI's recent $5 billion equity raise, the Wall Street Journal reported on Saturday.
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Hassett: Fed Answers on HQ Renovation to Influence Trump Decision on Powell
President Donald Trump has the authority to fire Federal Reserve Chair Jerome Powell for cause if evidence supports that, White House economic adviser Kevin Hassett said on Sunday, adding that the Fed "has a lot to answer for" on renovation cost overruns at its Washington...
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Crypto, US Banking Forging Ties Under Trump Policies
President Donald Trump's efforts to make America the world's cryptocurrency superpower has crypto companies racing to secure traditional banking status in America, creating financial handshakes between adversarial institutions.
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Tech Billionaire Andreessen: Colleges to 'Pay the Price' for DEI
Tech billionaire Marc Andreessen excoriated woke universities for waging "war" on a large majority of America with their "politically lethal" division, exclusion, and inequity policies, according a leaked policy discussion chat.
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EU Delays Retaliatory Tariffs in Hopes of Reaching Trump Deal
The EU will suspend retaliatory tariffs on U.S. goods scheduled to take effect Monday in hopes of reaching a trade deal with the Trump administration by the end of the month.″This is now the time for negotiations,″ European Commission President Ursula von der...
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Inflation Data Confront Resilient Stocks Rally
A rally that has taken U.S. stocks to record highs will be tested in the coming week by the kick-off of corporate earnings season and a key inflation report as investors hope to learn more about the economic fallout from tariffs.The S&P 500 is little changed so far this...
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Nvidia CEO to Hold Media Briefing in Beijing
Nvidia CEO Jensen Huang will hold a media briefing in Beijing on July 16, an official from the company said on Sunday, marking his second visit to the country after a trip in April where he stressed the importance of the Chinese market.Since 2022, the U.S. government has...
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Trump's Dealmaker Name on the Line in High Stakes Tariff Talks
President Donald Trump set out early in his second term to fulfill a decades-long desire of reshaping US trade with the world, but the main outcomes so far have been discord and uncertainty.The real estate tycoon, who has staked his reputation on being a consummate...
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New Trump Auto Tax Break Will Save Buyers Thousands
Millions of people receive a federal tax deduction for the interest they pay on home loans. Under President Donald Trump's new tax-cut law, many people for the first time also could claim a tax deduction for interest on their vehicle loans.The new tax break will be...
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Canada Postpones Retaliatory Tariff Increase on US
Canada hit the pause button on a plan to slap the United States with retaliatory tariffs later this month, a delay to match President Donald Trump's move to extend the negotiating deadline to Aug. 1, Politico reported Friday.
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US Customs Duties Top $100B for First Time in a Fiscal Year
U.S. customs duty collections jumped again in June as President Donald Trump's tariffs gained steam, topping $100 billion for the first time during a fiscal year and helping to produce a surprise $27 billion budget surplus for the month, the Treasury Department said.
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N.C. Reclaims Top Spot for Business Investment
North Carolina has reclaimed its top spot as the best place to do business in the United States less than 10 years after it faced corporate backlash over legislation that was seen as anti-transgender.
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Apple Bids for Formula 1 US Streaming Rights
Apple has submitted a bid worth at least $150 million a year for the U.S. rights to stream Formula 1 races starting in 2026, Business Insider reported Friday, citing a source familiar with the negotiations.
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China Decries US Tariffs as 'Bullying'
Chinese officials on Friday criticized U.S. tariffs as "bullying" behavior.
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S&P 500 Recedes From Record as Tariffs Sour Sentiment
Wall Street ended lower Friday, with Meta Platforms weighing on the S&P 500 after President Donald Trump intensified his tariff offensive against Canada, amplifying the uncertainty swirling around U.S. trade policy.
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Musk's xAI Seeks up to $200B Valuation in Next Fundraising
Elon Musk's xAI is preparing to raise more money from investors in a deal that could value the artificial-intelligence company between $170 billion and $200 billion, the Financial Times reported Friday, citing people close to the discussions.
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Senators Warn Nvidia CEO About China Trip
A bipartisan pair of U.S. senators sent a letter to Nvidia CEO Jensen Huang Friday about an upcoming trip to China, warning the CEO to refrain from meeting with companies that are suspected of undermining U.S. chip export controls.
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Trump Rips Fed Chair Powell: 'Terrible Job'
President Donald Trump continued his criticism of Federal Reserve Chair Jerome Powell for not lowering interest rates. "He's doing a terrible job," Trump said of Powell to reporters outside the White House Friday.
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Harvard Pulls DEI Web Pages and Replaces Diversity Office
Harvard University appears intent on following through with at least some of the demands from the Trump administration to curb its position as an institution that supports Diversity, Equity, and Inclusion (DEI).The Harvard Crimson, the university's daily student...
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One-Party City, State Heighten Mamdani's Threat
Aren't there legal guardrails to limit what an irresponsible New York City mayor , even a crazed socialist one , can do?
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Tariff Assault on Canada Drags Wall Street Lower
Wall Street indexes declined Friday, as President Donald Trump cranked up his tariff assault on Canada, deepening uncertainty around Washington's trade agenda.
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Sen. Blumenthal Questions United, JetBlue Partnership
Democrat Sen. Richard Blumenthal said a proposed partnership between United Airlines and smaller JetBlue Airways could harm competition and lead to fewer and more expensive options for consumers.
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North Carolina Is USA's Top State for Business in 2025
North Carolina's vibrant economy, world-class workforce, and Southern corporate hospitality have landed it as the best state in the country for businesses in 2025, according to CNBC rankings.