China cutting off new investments in US private equity

China’s state-backed investment funds are scaling back their involvement with U.S.-based private capital firms as trade tensions between the world’s two largest economies continue to escalate, the Financial Times reported on Monday. According to the report, which cites seven private equity executives familiar with the situation,

Japan is reportedly asking the US what it wants in trade talks and can't get an answer

Japan will stress the importance of "fairness" in any talks with the United States on exchange rates, Prime Minister Shigeru Ishiba said Sunday, as bilateral trade negotiations draw global attention amid President Donald Trump's tariff campaign. Speaking on public broadcaster NHK, Ishiba suggested Tokyo could increase

TRUMP: "There's a chance that the money from the tariffs will be so great that it would replace [income taxes]"

President Donald Trump is proposing a major shift in how the U.S. finances its government by suggesting that revenue from his tariff policies could potentially replace the federal income tax. “There’s a real chance,” Trump said in an interview aired April 15 on Fox Noticias. “There is a

Israel considering a limited attack on Iran's nuclear facilities

Israel has not ruled out the possibility of striking Iran’s nuclear facilities in the coming months, despite President Donald Trump informing Israeli Prime Minister Benjamin Netanyahu that the United States is currently unwilling to support such an action, according to an Israeli official and two other individuals familiar with

The Trump administration will announce a new rule, ‘Schedule F’ that will make it easier to remove federal employees undermining the President’s agenda

he Trump administration is advancing a plan to reclassify certain career civil servants as “at-will” federal employees, a change it says will make it easier to remove workers deemed underperforming or obstructive. “Following my Day One Executive Order, the Office of Personnel Management will be issuing new Civil Service Regulations

President Trump is replacing the acting IRS commissioner that he appointed just three days earlier

President Donald Trump has replaced the acting IRS commissioner just days after naming him to the role. Deputy Treasury Secretary Michael Faulkender has now been appointed as the new acting commissioner, according to a statement released Friday by Treasury Secretary Scott Bessent. “Trust must be restored at the IRS, and

Bill Gates says AI will replace doctors and teachers in 10 years

Bill Gates has projected that artificial intelligence will drastically reduce the need for human involvement in many traditional areas such as medicine and education — a transformation he believes could take place in under a decade. In a recent appearance on NBC’s “The Tonight Show” with Jimmy Fallon, the Microsoft

Donald Trump: Moving forward, career government employees, working on policy matters, will be classified as "Schedule policy/career

The Trump administration is advancing a plan to reclassify certain career civil servants as “at-will” federal employees, a change it says will make it easier to remove workers deemed underperforming or obstructive. “Following my Day One Executive Order, the Office of Personnel Management will be issuing new Civil Service Regulations

Taking one personal finance class in high school has a lifetime benefit of roughly $100,000

According to a recent report by consulting firm Tyton Partners and the nonprofit Next Gen Personal Finance, students who complete just one semester of personal finance in high school gain an estimated lifetime benefit of around $100,000. A significant portion of that value comes from understanding how to avoid

Ray Dalio: “I’m worried about something worse than a recession"

Billionaire hedge fund manager Ray Dalio has warned that the United States could face “something worse than a recession” as a result of President Donald Trump’s trade policies, including steep new tariffs. In an interview on NBC’s Meet the Press on Sunday, the 75-year-old investor said, “I think

Temu and Shein have announced plans to raise prices in response to the tariffs

Chinese online marketplace Temu and fast-fashion brand Shein will raise prices next week as President Donald Trump’s broad tariffs and new restrictions on low-value imports increase costs for companies known for offering low prices. In nearly identical notices sent to customers this week, both companies said price hikes will

Elon Musk’s SpaceX, Anduril, and Palantir, PLTR, bid to build Trump's "Golden Dome" US missile defense system

Elon Musk’s company SpaceX and two of its partners have emerged as leading contenders to secure a key role in President Donald Trump’s “Golden Dome” missile defense initiative, according to six individuals familiar with the situation who spoke to Reuters. SpaceX is teaming up with software firm Palantir

Over 4 million Gen Zers are jobless—and experts blame colleges for ‘worthless degrees’ and a system of broken promises

Workers who stayed in their current roles saw a 4.6% wage increase in January and February, while those who changed jobs received a slightly higher boost of 4.8%, according to new data from the Federal Reserve Bank of Atlanta. The financial edge of job-hopping is shrinking: the wage

The U.S. could risk default on its $36.6 trillion debt as early as August unless Congress raises the debt ceiling

The U.S. government could face the risk of defaulting on some of its $36.6 trillion in debt as early as August—or potentially even by late May—unless Congress raises the nation’s debt ceiling, the non-partisan Congressional Budget Office (CBO) projected on Wednesday. This estimate of the

Tump Media, DJT, alerts SEC to potential manipulation of DJT stock

President Donald Trump’s Trump Media & Technology Group (TMTG) sent a letter to the Securities and Exchange Commission (SEC) alerting it to what it described as “suspicious activity,” after U.K.-based hedge fund Qube disclosed a $105 million short position in TMTG’s DJT stock. Short-Selling Basics Short-selling

A report from the Atlanta Fed shows that workers who stayed put in their jobs last month saw a 4.6% wage increase, compared to those who switched roles and made 0.2% more

Workers who stayed in their current roles saw a 4.6% wage increase in January and February, while those who changed jobs received a slightly higher boost of 4.8%, according to new data from the Federal Reserve Bank of Atlanta. The financial edge of job-hopping is shrinking: the wage

Google GOOGL has lost its online advertising case, thus saying its online ad tech markets violate US antitrust laws

oogle’s stronghold in the digital advertising industry suffered a major setback on April 17, when a federal judge ruled the company had illegally dominated two essential segments of the online ad market. The decision marks a significant development in the U.S. government’s ongoing antitrust campaign targeting Big

Trump has said there will be a deal with China

A pipeline expansion in Western Canada that began operations less than a year ago has opened up greater access to Alberta’s oilsands for China and other East Asian oil importers. Chinese imports of crude from the pipeline’s endpoint near Vancouver surged to a record 7.3 million barrels

Chinese refiners are importing record amounts of Canadian crude after slashing purchases of US oil by roughly 90% amid escalating trade war

A pipeline expansion in Western Canada that began operations less than a year ago has opened up greater access to Alberta’s oilsands for China and other East Asian oil importers. Chinese imports of crude from the pipeline’s endpoint near Vancouver surged to a record 7.3 million barrels

Nvidia, NVDA, CEO Jensen Huang has said: US tightening of chip export control has significant impact on Nvidia's business…

Nvidia CEO Jensen Huang said Thursday that China remains a very important market for the company, following the U.S. government's decision to ban sales of its H20 artificial intelligence chips to the country. "We hope to continue our cooperation with China," Huang said during a

Astronomers say they have found the strongest indication of life beyond our solar system, on a planet 124 light-years from Earth called ‘K2-18b

A planet located 124 light years from Earth has provided the most compelling evidence yet that extraterrestrial life could exist beyond our solar system, according to astronomers. Using the James Webb Space Telescope, scientists observed a planet known as K2-18 b and detected what appear to be chemical signatures of

Trump has said: "Jerome Powell is always too late and wrong. His termination “cannot come fast enough

Federal Reserve Chair Jerome Powell said Wednesday that the central bank will "wait for greater clarity" before making any changes to interest rates, noting that President Trump’s tariffs are expected to result in “higher inflation and slower growth.” Speaking in Chicago, Powell acknowledged that these two outcomes

Fed's Powell: Tariffs likely mean higher inflation, and slower growth

Powell Reaffirms Fed Independence Federal Reserve Chair Jerome Powell emphasized the Fed’s independence during remarks in Chicago, receiving applause from the audience. He noted: * The Fed’s independence is protected under the law * It enjoys strong bipartisan support * The institution will not be influenced by political pressure He also

Fed's Powell: Unemployment is likely to go up as economy slows

Powell Reaffirms Fed Independence Federal Reserve Chair Jerome Powell emphasized the Fed’s independence during remarks in Chicago, receiving applause from the audience. He noted: * The Fed’s independence is protected under the law * It enjoys strong bipartisan support * The institution will not be influenced by political pressure He also

Fed’s Powell: federal debt is on an unsustainable path

Powell Reaffirms Fed Independence Federal Reserve Chair Jerome Powell emphasized the Fed’s independence during remarks in Chicago, receiving applause from the audience. He noted: * The Fed’s independence is protected under the law * It enjoys strong bipartisan support * The institution will not be influenced by political pressure He also