Economy
- Bipartisan bills set rules for cryptocurrency. Will digital money go mainstream?Congress passed the first-ever major U.S. cryptocurrency legislation on Thursday, boosting the industry. But digital coins remain a risky investment.
- Tariffs boost inflation. But many economists see a recession as avoidable.The U.S. economy has defied dire predictions so far this year. Even with inflation rising and the potential for growth slowing, a recession does not look inevitable.聽聽
- Trump pressures EU, Mexico with new plans for 30% tariffsPresident Donald Trump announced the tariffs Saturday on two of the United States' biggest trade partners in letters posted to his social media account.聽
- Trump threatens new tariffs, moves deadline again. Will deals get done?President Trump is making new threats to U.S. trade partners. These partners may be refusing pressure, but also underestimating Mr. Trump鈥檚 need to win.
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- White House steps up pressure for trade deals ahead of Wednesday deadlineThere are plans for the United States to start sending letters Monday warning countries that higher tariffs could kick in Aug. 1. That furthers the uncertainty for businesses, consumers, and America's trading partners.
- US economy faces reckoning as some immigrants avoid workplacesUncertainty caused by policy shifts and arrests is taking a toll on America鈥檚 workplaces, making many immigrants 鈥 with and without legal status 鈥 hesitant to go to work.聽
- Party of the rich or working class? 鈥楤ig bill鈥 poses a test for Republicans.As the Senate takes up the House One Big Beautiful Bill Act, some Republicans question if it favors rich people over the party鈥檚 working-class base.
- US and China try a trade thaw, but latest 鈥榙eal鈥 signals bumpy road aheadThe world鈥檚 two largest economies are trying to tamp down escalating tariffs and export controls. The latest agreement offers a reset in the relationship, yet challenges remain.
- Lights, camera, tax credits? Sagging Hollywood draws attention of California, Trump.California鈥檚 new state budget doubles tax incentives for the film industry, to help Hollywood as other countries and states lure production away. President Trump is also floating efforts to help.
- Amazon unveils plans for nuclear-powered data centers despite federal scrutinyAmazon plans to spend $20 billion to build two large data centers in Pennsylvania, including one that will draw power from a nearby nuclear plant. The investment will bring lots of construction jobs, but critics raise concerns about energy use and fairness.
- How rare earths, AI chips, and student visas raise the stakes in the US-China trade warThe United States and China have agreed to a new round of trade talks in London on June 9. In the ongoing trade war, China slowed the export of its 鈥渞are earths鈥 as the U.S. issued export control guidelines for AI chips and revoked Chinese student visas.
- Trump promised to bring jobs to the Rust Belt. The Sun Belt may get them instead.Donald Trump was elected partly on the promise of a factory renaissance. Made-in-America may come back, but not necessarily in the places that led U.S. manufacturing 80 years ago.
- Trade disputes threaten US-EU relations, even as courts weigh Trump tariffsCourts are challenging the legality of President Trump鈥檚 tariff threats, but longer-term risks of America鈥檚 new trade tactics include lost confidence of trusted allies.
- Trump鈥檚 budget bill carries costs: Higher deficits and US debtPresident Trump promised to expand tax cuts while also slashing federal spending. So far, the math in Congress looks like a recipe for federal deficits聽to keep rising.
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