U.S. Economy
Treasury yields tick lower as Trump’s spending bill in focus
U.S. Treasury yields moved lower as investors monitored whether the Senate would pass President Donald Trump’s divisive spending bill over the next few hours. At 3:59 a.m. ET, the benchmark yield was 2 basis points lower at 4.257%, and the 30-year yield moved 3 basis points lower to 4.814%. Meanwhile, the 2-year yield was little changed […]
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Canada rescinds Digital Services Tax after Trump cuts off U.S. trade talks
U.S. President Donald Trump is greeted by Prime Minister of Canada Mark Carney, as he arrives at the G7 leaders’ summit in Kananaskis, Alberta, Canada June 16, 2025. Stefan Rousseau | Via Reuters Canada has walked back on its digital services tax “in anticipation” of a mutually beneficial comprehensive trade arrangement with the United States, […]
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Trump says Mamdani must ‘do the right thing’ if elected mayor of New York City — or risk losing funding
U.S. President Donald Trump speaks during a meeting with Democratic Republic of the Congo’s Foreign Minister Therese Kayikwamba Wagner (not pictured) and Rwanda’s Foreign Minister Olivier Nduhungirehe (not pictured) in the Oval Office at the White House in Washington D.C., June 27, 2025. Ken Cedeno | Reuters President Donald Trump said that Democratic candidate Zohran Mamdani […]
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Op-ed: It’s time for U.S. to treat rare earth metals as instruments of geopolitical power. China already does
A mining machine is seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China. China Stringer Network | Reuters In April 2025, China imposed new export controls on seven rare earth elements and the permanent magnets derived from them — materials that form the foundation of modern life and modern warfare. […]
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Trump’s ‘big, beautiful bill’ clears key Senate hurdle after high drama
U.S. Senate Majority Leader John Thune (R-SD) speaks at a press conference following the U.S. Senate Republicans’ weekly policy luncheon on Capitol Hill in Washington, D.C., U.S., June 10, 2025. Kent Nishimura | Reuters President Donald Trump’s “big, beautiful bill” cleared a key procedural hurdle in the U.S. Senate late Saturday night, pushing the massive […]
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Elon Musk rips into ‘utterly insane’ Trump-backed megabill
Elon Musk speaks during a press event with U.S. President Donald Trump (not pictured), at the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | Reuters Elon Musk ripped into the Senate’s massive domestic policy package on Saturday, calling it “utterly insane” and destructive.” His remarks come weeks after he first hurled […]
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Trump loses latest bid to get Central Park Five defamation lawsuit tossed
U.S. President Donald Trump speaks during a meeting with Democratic Republic of the Congo’s Foreign Minister Therese Kayikwamba Wagner and Rwanda’s Foreign Minister Olivier Nduhungirehe in the Oval Office at the White House in Washington D.C., June 27, 2025. Ken Cedeno | Reuters A federal judge on Friday dealt another blow to President Donald Trump’s […]
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What’s in the Senate’s version of Trump’s spending bill — and who stands to benefit
U.S. Senate Majority Leader John Thune (R-SD) speaks at a press conference following the U.S. Senate Republicans’ weekly policy luncheon on Capitol Hill in Washington, D.C., U.S., June 10, 2025. Kent Nishimura | Reuters After weeks of sparring over the specifics of the “one big, beautiful bill,” the package is poised to soon head to […]
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Deep inside U.S. economy, more sticker prices start going up due to tariffs, and inventory is headed down
Albany Times Union/hearst Newspapers | Hearst Newspapers | Getty Images On the surface of the U.S. economy, prices are higher. The latest inflation data out on Friday from the government showed a bigger uptick than forecast. On Thursday, Nike said it took a $1 billion hit due to tariffs and the fact that price increases […]
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Why Americans fell out of love with the hotel minibar
Once synonymous with indulgent late-night snacks, hotel minibars were a hallmark of convenience for travelers in the 1990s and the early aughts. But that is not longer the case. The hotel minibar concept went global in 1974, when a Hilton in Hong Kong stocked its in-room fridges with tiny liquor bottles inspired by airline bar […]
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