Trump to sign order requiring nationwide list of sanctuary cities and states

The Trump administration on Monday highlighted what it described as early successes from its immigration crackdown, even as concerns about due process mount. Officials displayed photos of alleged criminal offenders on the White House lawn and announced new efforts to go after so-called sanctuary cities and states that resist federal

Baby boomers owned about 51% of all household wealth at the end of 2024, while millennials accounted for roughly 10%, and Gen Xers held just over a quarter

The housing market just experienced its weakest March since the global financial crisis, dragged down by elevated borrowing costs and declining consumer confidence in the broader economy. Sales of previously owned homes fell to an annualized pace of 4 million units last month — the lowest March level since 2009 — marking

More than 60% of CEOs expect a recession in the next 6 months

Top business leaders are starting to take serious notice. Amid major economic uncertainty, a striking 62% of CEOs now predict a recession or slowdown within the next six months, according to survey results released Monday by Chief Executive. “This uncertainty needs to stop,” said Donald H. Lloyd II, president and

Apple, AAPL, iPhone could triple in price to $3,500 if they’re made in the US

US President Donald Trump declared that “jobs and factories will come roaring back” as he rolled out unprecedented global tariffs during his “Liberation Day” address. With the sweeping tariffs now in effect, steep price increases on goods ranging from clothing to electronics are expected to largely fall on American consumers.

Former U.S. Rep. George Santos sentenced to 7 years in prison for fraud

A federal judge in New York sentenced former Rep. George Santos to more than seven years in prison on Friday. "Where is the remorse?" U.S. District Judge Joanna Seybert asked Santos before sentencing him to 87 months behind bars and ordering him to pay nearly $374,000

One-third of younger millennials received down payment help in the form of a gift or a loan from a friend or relative

Boomers now own 37% of the homes in the U.S. while making up just a little over 20% of the population, according to the Census Bureau. They also hold the keys to 57% of vacation properties and 58% of income-generating rental properties, according to the National Association of Realtors.

China is considering suspending its 125% tariff on some US imports including medical equipment, ethane and plane leasing

U.S. President Donald Trump claimed in an interview published Friday that tariff negotiations were underway with China, but Beijing denied any talks were happening, adding to the series of conflicting signals over efforts to de-escalate a trade war threatening global growth. Speaking to TIME magazine, Trump said discussions were

Boomers own 37% of the homes in the US while making up a little more than 20% of the population

Boomers now own 37% of the homes in the U.S. while making up just a little over 20% of the population, according to the Census Bureau. They also hold the keys to 57% of vacation properties and 58% of income-generating rental properties, according to the National Association of Realtors.

Hardship withdrawals from 401(k)s are running about 15% to 20% above the historical norm

More Americans than usual are tapping into their retirement accounts for emergency funds, a trend that’s drawing the attention of Empower, the country’s second-largest retirement plan provider by number of participants. Hardship withdrawals from 401(k) plans are running about 15% to 20% above the historical average, Empower

China Embassy: China and US not having any talks on tariffs

U.S. President Donald Trump claimed in an interview published Friday that tariff negotiations were underway with China, but Beijing denied any talks were happening, adding to the series of conflicting signals over efforts to de-escalate a trade war threatening global growth. Speaking to TIME magazine, Trump said discussions were

Trump: I ‘love the concept’ of millionaire tax hike, but ‘may not be acceptable to the public’

President Donald Trump, in an interview published Friday, said he’s fond of the idea of raising taxes on the wealthy to help fund some of his policy proposals — but acknowledged the concept might not be “acceptable to the public.” Speaking to Time magazine on Tuesday about his first 100

The Californian economy has overtaken Japan's to become the fourth-largest in the world by gross domestic product

California’s economy has surpassed that of Japan, making the state the world’s fourth largest economy, according to newly released data. Governor Gavin Newsom highlighted figures from the International Monetary Fund (IMF) and the U.S. Bureau of Economic Analysis showing California’s gross domestic product (GDP) reached $4.

US existing home sales in March were the weakest since the Great Financial Crisis

The housing market just experienced its weakest March since the global financial crisis, dragged down by elevated borrowing costs and declining consumer confidence in the broader economy. Sales of previously owned homes fell to an annualized pace of 4 million units last month — the lowest March level since 2009 — marking

People inside the Trump White House are alerting Wall Street execs they are nearing an agreement in principle on trade with India

President Donald Trump said Thursday that trade talks between the U.S. and China are in progress, disputing Beijing’s claim that no discussions have taken place to ease the ongoing trade war. “They had a meeting this morning,” Trump told reporters, without specifying who participated. “It doesn’t matter

China Commerce Ministry: there have not been economic and trade negotiations between China and the US

President Donald Trump said Thursday that trade talks between the U.S. and China are in progress, disputing Beijing’s claim that no discussions have taken place to ease the ongoing trade war. “They had a meeting this morning,” Trump told reporters, without specifying who participated. “It doesn’t matter

42% of mortgage refinance applications are being denied — the highest rejection rate in at least 12 years

Household Debt Rises to $18.04 Trillion in Q4 2024 Total household debt in the U.S. increased by $93 billion (0.5%) in the fourth quarter of 2024, reaching $18.04 trillion, according to the latest report from the New York Federal Reserve’s Consumer Credit Panel. The report

U.S. Companies are declaring bankruptcy at the fastest pace in 15 years

Large U.S. companies filed for bankruptcy at the fastest pace in 15 years during the first quarter of 2025, according to S&P Global Market Intelligence. A total of 188 large corporate bankruptcies were recorded through March—marking the highest number since 254 were filed in the first

Factories in China have begun slowing production and furloughing some workers due to tariffs

Factories across China are scaling back production and placing workers on leave as U.S. tariffs—now at 145% on most Chinese imports—dampen demand from American buyers. This downturn has led to order cancellations for products ranging from jeans to home appliances, prompting some factories to reduce shifts or

Trump reportedly considering increasing taxes on Americans who make over $1 million a year

The White House has been reviewing proposals aimed at encouraging more Americans to marry and have children, as part of an initiative pushed by outside groups concerned with the country’s declining birth rate. Among the ideas presented to White House advisers is a $5,000 “baby bonus” to be

Canadian Prime Minister Carney says "decades old relationship with the US is dead"

During a phone call last month between U.S. President Donald Trump and Prime Minister Mark Carney, Trump once again raised the idea of Canada becoming the 51st U.S. state—a point that contradicts Carney’s later public remarks, according to sources who spoke to Radio-Canada. Two sources with

Klaus Schwab under investigation for financial misconduct days after stepping down as World Economic Forum Chairman

In a statement confirming a Wall Street Journal report, the World Economic Forum (WEF) said its board of trustees "unanimously supported the Audit and Risk Committee's decision to initiate an independent investigation following a whistleblower letter containing allegations against former Chairman Klaus Schwab." Schwab has denied

Elon Musk says he will spend less time with DOGE and much more time with Tesla

Tesla CEO Elon Musk opened his company’s earnings call on Tuesday by announcing that his involvement with President Donald Trump’s Department of Government Efficiency (DOGE) will decrease “significantly” starting in May. Musk—whose company has seen its stock drop over 40% this year—said he would continue supporting

Intel INTC is cutting 20% of its workforce, or 20,000 people

Intel is reportedly preparing to announce plans this week to cut over 20% of its workforce, aiming to streamline operations and reduce bureaucratic inefficiencies, Bloomberg News reported Tuesday, citing a source familiar with the matter. The layoffs are part of a broader push to reestablish an engineering-driven culture at the

57% of Americans oppose Trump’s tariffs

A new Reuters/Ipsos poll shows that most Americans are expecting higher prices on everyday goods following President Donald Trump’s decision to implement sweeping new tariffs on imports from much of the world. The three-day survey, which concluded on Sunday, found that 73% of respondents believe prices will rise

The richest half of American families owns about 97.5% of national wealth, while the bottom half held 2.5%

As of the end of 2024, the wealthiest 50% of American households controlled roughly 97.5% of the nation’s total wealth, while the bottom 50% held just 2.5%, according to the latest data from the Federal Reserve. The lower half of households saw a modest increase in their