The U. S. president has recently stirred the pot in global trade by proposing hefty tariffs on European goods and smartphones. This move comes as a surprise to many, given the long-standing alliance between the U. S. and the EU. The president's threat of a 50% tax on EU imports and a 25% tariff on s
The electric vehicle industry is buzzing with news of Tesla's upcoming budget-friendly car. This new model is set to hit the market in the first half of 2025, offering a significant price drop compared to the current base Model 3. The new vehicle is expected to be priced at around $30, 000, includin
The House of Representatives, controlled by Republicans, just passed a huge tax and spending bill. This bill is a big deal because it puts a lot of money into the military and border security. It also gives tax breaks to certain groups, like people who receive tips or have car loans. This bill is pa
The White House has been a hotbed of market-moving news lately. The latest worry is the growing US debt. This is not a new issue, but it has taken center stage recently. The President's tax plan is expected to add a significant amount to the national debt. Estimates suggest it could be between 3
The idea of not taxing tips has been around for a while. It was a popular slogan in a recent presidential campaign. It was short and easy to remember. However, the reality of implementing such a policy is far more complicated. The Senate recently passed the No Tax on Tips Act. This act is part
The Trump administration proposed a massive tax bill. It is 1, 116 pages long and aims to change taxes and federal policies. If passed, it would benefit high earners the most. This is according to various analyses. The bill's journey is not smooth. It faced delays due to demands from the conser
The recent rise in the yield of the 30-year Treasury bond has caught the attention of investors. It crossed the 5 percent mark. This spike came as a reaction to a Republican budget plan. The plan could lead to unprecedented levels of U. S. fiscal debt. The U. S. President did not address this conce
The Republican Party is in a tough spot. The president is pushing hard for a massive tax cut bill. This bill is known as "One Big Beautiful Bill Act. " It is a big deal. It includes cuts to Medicaid, food stamps, and green energy programs. It also adds money to border security, deportation, and defe
The US government's borrowing costs have seen a recent surge, reflecting ongoing economic concerns. The interest rate on long-term US government debt briefly exceeded 5% before slightly easing. This spike came shortly after Moody's, a credit rating agency, lowered the US government's credit rating.
Monday was a rough day for financial markets. Investors were in a selling mood, dumping U. S. stocks, bonds, and even the dollar. This triple whammy is a clear sign that confidence in the world's biggest economy is waning. The S&P 500 index took an early hit, dropping by about 1 percent in New York
