BUSINESS

Trump’s retreats on tariffs have already wiped out $800 billion of expected deficit reduction, CBO estimates

Trump’s retreats on tariffs have already wiped out $800 billion of expected deficit reduction, CBO estimates

The Congressional Budget Office (CBO) has released new projections showing that recent rollbacks of President Donald Trump’s aggressive tariff strategy…
Trump promises to send $2,000 tariff dividend checks ‘probably the middle of next year, a little bit later than that’

Trump promises to send $2,000 tariff dividend checks ‘probably the middle of next year, a little bit later than that’

President Donald Trump promised on Monday that his administration will begin issuing $2,000 “tariff dividend” checks to Americans around the…
Verizon will cut about 15,000 jobs after new CEO says ‘cost reductions will be a way of life for us here’

Verizon will cut about 15,000 jobs after new CEO says ‘cost reductions will be a way of life for us here’

Job cuts are expected to hit one of the world’s largest telecommunications companies just over a month after crowning its…
Is China about to win the AI race?

Is China about to win the AI race?

Hello and welcome to Eye on AI…In this edition: Is China about to win the AI race?…AI reasoning risks...Anthropic is…
Trump signals no shutdown compromise on the Affordable Care Act, calling it ‘the worst Healthcare anywhere in the world’

Trump signals no shutdown compromise on the Affordable Care Act, calling it ‘the worst Healthcare anywhere in the world’

As Saturday’s session got underway, it was uncertain whether Republicans and Democrats could make any headway toward reopening the government…
Zohran Mamdani’s signature housing policy is widely loathed by economists. Here’s why

Zohran Mamdani’s signature housing policy is widely loathed by economists. Here’s why

New York City mayor-elect Zohran Mamdani swept to victory Tuesday evening on a platform of affordability, anchored by a plan…
It’s getting harder to separate the stock market from the economy

It’s getting harder to separate the stock market from the economy

After huge rallies or selloffs, it’s often pointed out that the stock market is not the economy, or that Wall…
Michael Saylor’s Strategy returns to profitability in third quarter

Michael Saylor’s Strategy returns to profitability in third quarter

Bitcoin accumulator Strategy Inc. returned to profitability in the third quarter, with results bolstered by an unrealized gain tied to…
Pentagon orders aircraft carrier to Latin America, boosting U.S. military buildup in the region

Pentagon orders aircraft carrier to Latin America, boosting U.S. military buildup in the region

The U.S. military is sending an aircraft carrier to the waters off South America, the Pentagon announced Friday, in the…
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