News
The U.S. Came Close to Financial Disaster This Week—and Could Come Close Again
The immediate market crisis over President Trump’s tariffs may have eased, but problems in the bond market could easily recur.
Long Read
House Advances Trump Tax Cuts as GOP Promises to Slash Spending. Don’t Count On It.
The House of Representatives on Thursday approved a budget resolution that dropped a previous commitment to slash at least $1.5 trillion in spending over 10 years.
4 minute read
Fed’s Barkin Is Watching Consumer Spending for Early Signs of a Downturn
Consumer spending amounts to nearly 70% of the U.S. economy.
3 minute read
Trump’s ‘Reciprocal’ Tariffs Target the VAT. What Is It?
The Trump administration has said that other countries’ trade policies include “exorbitant” value-added taxes on U.S. goods.
3 minute read
More Tariffs Fallout, Delta, Wells Fargo, CarMax, and More to Watch This Week
Big banks report earnings this week, along with Cal-Maine and Levi Strauss. The consumer price index data will be the economic highlight of the week.
2 minute read
Trump Says There Won’t Be a Deal With China Unless the Trade Deficit Gets Solved
Trump said he had spoken to European and Asian world leaders over the weekend, adding that “they’re dying to make a deal.”
3 minute read
China Hits Back With 34% Tariffs. Vietnam Could Slash Their Rates, Trump Says.
China retaliated against President Donald Trump’s tariffs Friday as the global trade war intensified and stocks fell for a second day. Vietnam, on the other hand, may be ready to negotiate.
3 minute read
Nintendo Delays Switch 2 Preorders in U.S. to Assess Impact of Trump’s Tariffs
The Switch 2 will be coming on June 5, starting at $449.99.
1 minute read
IRS to Return Thousands of Fired Workers to Their Jobs Just Before Tax Day
After initially being reinstated to paid leave, the workers are getting their full-time jobs back.
2 minute read
