Trump’s ‘run it hot’ economic strategy could work — but it’ll cost Americans dearly
CNN
There’s a pitch taking root within the Trump administration and some corners of Wall Street that envisions two somewhat incompatible realities playing out at once: rapid economic growth and low inflation.
Oil prices rose Sunday after President Donald Trump threatened to “obliterate” Iran’s power plants if the Strait of Hormuz is not reopened by Monday evening.
Defense Secretary Pete Hegseth has been taking steps to thwart news coverage of the Pentagon for more than a year. Now he has finally met some resistance.
Defense Secretary Pete Hegseth has been taking steps to thwart news coverage of the Pentagon for more than a year. Now he has finally met some resistance.
Gerald Rodriguez, the general manager of an NPR affiliate in rural Colorado, expected federal funding for public media to shrink. He didn’t expect it to disappear almost overnight.
The much-touted new tax breaks for tips, overtime, seniors and car loan interest have a lot of income tax filers expecting a big bump in their refunds this year – or a big cut in their tax bill.
Looking out his shop window, across the street, just to the right, Paloma Clothing co-owner Mike Roach sees one of Portland, Oregon’s, most expensive gas stations.
Oil and liquefied natural gas tankers moving through the Strait of Hormuz carry around 20% of the world’s supply. But for countries on the Persian Gulf, the waterway is more than just an energy route – it’s a lifeline for more than 100 million people.
A California jury has largely sided with Twitter shareholders who accused billionaire Elon Musk of defrauding them by intentionally driving down the social media company’s stock ahead of his $44 billion acquisition in 2022.
The war with Iran is disrupting global oil flows, damaging energy infrastructure and raising fears of prolonged conflict. But gold, usually considered a safe haven during periods of economic uncertainty, has slumped.
US stocks and bonds fell, oil prices rose and gold had its worst week in four decades as the Iran war continues to ripple through financial markets.
The White House on Friday released its long-awaited national artificial intelligence legislative framework, a move to prevent states from enacting their own laws and enforce the Trump administration’s light-touch approach to AI regulation.
“Today is a difficult day,” CBS executives wrote to staff, explaining the cuts as a tough but necessary reallocation of newsroom resources.
President Donald Trump has repeatedly promised that Americans will get larger tax refunds this year thanks to his “big, beautiful bill.”