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Small business owners like Melkon Khosrovian, the owner of Greenbar Distillery in Los Angeles, are taking a wait-and-see approach after the Supreme Court rejected President Donald Trump’s main tariffs on Friday. And after a punishing year that saw steep levies dent their bottom line, many aren’t expecting rebate checks yet. “We’re not that confident we’re […]
Crypto-focused Erebor Bank became the first bank to receive a national bank charter during the second term of the Trump administration, the Wall Street Journal reported Friday. The approval allows the Palmer Luckey-backed entity to operate as a bank nationwide, and occurred less than eight months after it applied for a charter with the Office of […]
Kevin Warsh may be gearing up for the toughest job in the US government as new chairman of the Federal Reserve: He needs to stay true to his rep as a hawk on inflation — while at the same time playing nice with the guy who just nominated him. The latter happens to be President […]
Kevin Hassett remains the odds-on favorite to succeed Jerome Powell as chairman of the Federal Reserve — despite vast misgiving from Wall Street and CEO types. “It’s in the president’s hands,” is how one person close to the process of nominating the next Fed chairman put it. Trump began meeting with other candidates this week as he […]
President Donald Trump’s decision to let U.S. tech giant Nvidia sell more advanced semiconductors to China is getting pushback from some Republicans wary of giving Beijing an edge in the global race to AI dominance. The agreement, which Trump announced in a Truth Social post Monday evening, would allow Nvidia to sell its H200 artificial […]
Scott Bessent and his team at the Treasury Department now face what could be their biggest challenge yet — fixing the affordability crisis as he shapes President Trump’s policies on tariffs, taxes, and Uncle Sam’s $38 trillion debt pile. The months ahead of the US midterm elections will be pivotal, as the former hedge-fund manager […]
American flags flutter outside a Hyundai automobile dealership in Irvine, California, U.S., March 27, 2025. Mike Blake | Reuters DETROIT — Hyundai Motor and General Motors are set to be two of the greatest beneficiaries of lower U.S. tariffs on imports, including vehicles, from South Korea. The South Korean-based automaker is the largest U.S. importer […]
SEC Chairman Paul Atkins ripped Joe Biden on Tuesday, accusing the former president’s administration of weaponizing financial rules to push his woke agenda as Wall Street’s new top cop vowed to “make IPOs great again”. The new head of the US Securities and Exchange Commission made a thinly veiled dig at disclosure red tape such […]
The IRS has released its guidance for the “no tax on tips” and “no tax on overtime” provisions of the One Big Beautiful Bill Act (OBBBA), for workers who can claim the deductions for the 2025 tax year. President Donald Trump signed the OBBBA into law in July after Republican majorities in Congress passed the tax reform and spending […]
Last week, some of the nation’s top CEOs talked and laughed with President Trump while enjoying dinner at the White House, chewing over a US economy that the president claims is headed for growth not seen since the days of the Gipper back in the 1980s. But privately, many left that night wondering if the president really […]
