Author: Daniel snow
America’s social safety net is poised to become thinner if the Republicans’ massive tax and spending bill crosses the finish line, at a time when low-income consumers are struggling and recession fears linger. Source link
Senate Majority Leader John Thune (R-SD) speaks during a news conference following the weekly Senate Republican policy luncheon at the U.S. Capitol on June 17, 2025 in Washington.Anna Moneymaker | Getty Images News | Getty ImagesA massive legislative package Senate Republicans are trying to pass this week would hurt the lowest-earning Americans financially while boosting the incomes of wealthier households, according to a Yale Budget Lab analysis issued Monday.The “One Big Beautiful Bill Act” would reduce income by 2.9% (about $700) for the bottom 20% of households, according to the Yale analysis. These households have an income of less than…
The state’s controversial new tax would apply to services like cloud storage and cryptocurrency mining. Source link
S&P 500 sectors that outperform just before market downturns aren’t yet rising to the top. Source link
The company has poached several AI researchers from OpenAI after investing in AI startup Scale AI and hiring its chief executive Source link
Tesla CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House in Washington, D.C., on April 30, 2025.Evelyn Hockstein | ReutersHe may have stopped openly feuding with President Donald Trump, but Elon Musk isn’t backing off his bid to kill Trump’s signature megabill.The Tesla and SpaceX CEO unloaded Monday on the massive tax-and-spending bill that Trump is pushing Republicans to quickly ram through Congress, labeling it a “DEBT SLAVERY bill” and calling out its supporters by name.The uber-rich Musk — who spent around $290 million backing Trump and other Republicans in the 2024…
Dakota Peters wasn’t sure what she’d do after high school.The 25-year-old Florida native weighed going to college but ultimately decided against it. Her older sisters taught her that if she didn’t have a specific direction for studying, she was better off just getting work experience in the real world.During her senior year of high school, Peters shadowed her family in their commercial real estate business and ultimately went to work for the company post-graduation in 2017. But by 2021, she felt it was time to tackle something different.She and her sisters started selling sneakers from their decades-long collection on Instagram…
Trading in penny stocks has exploded over the past few years, driven in part by individual investors’ ever-expanding appetite for risky bets, as well as a few tantalizing wins. Source link
Harvard University graduates attend the university’s 374th commencement ceremony on May 29, 2025 in Cambridge, Massachusetts. Vcg | Visual China Group | Getty ImagesThe Trump administration on Monday said an investigation into Harvard University found the school had violated the federally protected civil rights of Jewish and Israeli students.In a letter to university president Alan Garber, the civil rights office of the Department of Health and Human Services said Jewish students on campus were subjected to “severe, pervasive and objectively offensive harassment” following the Oct. 7, 2023, Hamas attack on Israel.The investigation found what the Trump administration described as a…
President Donald Trump has continued to put pressure on Federal Reserve Chair Jerome Powell to dramatically lower interest rates. Source link