Trump’s New Tax Cuts Reached Millions, Yet Public Frustration Over Taxes Remains Deep
More than 53 million tax filers used at least one of the new tax breaks created under Republicans’ latest tax-and-spending law, but most Americans still believe their taxes are too high. The story highlights a political tension at the center of President Donald Trump’s economic message: even when many households receive new deductions or larger […]
New Law Revives SBA Support for Defense Startups After Months of Funding Uncertainty
President Donald Trump has signed legislation restoring federal funding for startup programs that are especially important to defense and aerospace companies in California and across the country. According to data, the bill revives Small Business Administration-backed programs whose funding had been delayed for more than six months after expiring in October during a congressional standoff. […]
U.S. Factory Output Slips in March as Manufacturing Auto Production Weaken
U.S. manufacturing output declined in March, adding to evidence that the factory sector may be losing momentum after a period of resilience. Apparently, manufacturing production fell 0.3% in March after an upwardly revised 0.9% increase in February. The data suggests that while factories had shown some ability to keep growing earlier in the year, that […]
Trump Threatens to Fire Powell if He Stays on Fed Board After Chair Term Ends
President Donald Trump has intensified his confrontation with Federal Reserve Chair Jerome Powell by threatening to fire him if Powell does not also leave the Fed’s Board of Governors when his term as chair ends on May 15, 2026. Trump made the threat in a Fox Business interview, saying he had “held back” from firing […]
Middle East Conflict Darkens IMF Forecast as Rising Oil Prices Raise Risk of a Global Downturn
The International Monetary Fund has lowered its global growth outlook and warned that the world economy is already drifting toward a more dangerous path as the war tied to Iran continues to disrupt energy markets. In a report, the IMF presented three scenarios for the global economy, all shaped by how long the conflict lasts […]
BlackRock Turns Bullish on U.S. Stocks as Strong Earnings Offset Middle East Risks
BlackRock has upgraded U.S. equities to “overweight,” joining other major Wall Street firms in arguing that strong corporate earnings can help cushion the market against the economic fallout from the Middle East conflict. The BlackRock Investment Institute raised its view on U.S. stocks from “neutral,” citing resilient profit expectations and what it sees as limited […]
NATO Allies Reject Trump’s Iran Port Blockade and Push Separate Plan to Reopen Hormuz
A new split has opened inside the Western alliance over how to respond to the Iran war and the disruption of shipping through the Strait of Hormuz. NATO allies including Britain and France have refused to join President Donald Trump’s plan to blockade Iranian ports, choosing instead to back a separate multinational effort focused on […]
Earnings Season Will Test Whether Strong Profits Can Keep Wall Street Steady Despite War Risks
Wall Street is heading into a critical first-quarter earnings season that may determine whether the stock market can stay resilient despite the economic risks created by the war involving Iran. Investors are looking for proof that strong corporate profits can continue to support U.S. equities even as higher energy prices and geopolitical uncertainty threaten to […]
Trump Administration Admits Major Error in New York Medicaid Fraud Accusations
The Trump administration has acknowledged a major error in the data it used to support a high-profile fraud investigation into New York’s Medicaid program, weakening one of its most visible recent anti-fraud cases and raising broader questions about the accuracy of similar reviews in other states. Federal officials admitted a key figure cited by Centers […]
Anthropic Turns to CoreWeave in Fresh Push to Secure More AI Capacity
CoreWeave has signed a new multi-year agreement with Anthropic to supply cloud computing capacity for the AI startup’s Claude models, in another sign of how fiercely companies are competing for the infrastructure needed to build and run advanced artificial intelligence systems. The deal will bring new computing capacity online later in 2026 and initially focus […]
