The US accused Japan of imposing a 700% tariff on American rice

The Trump administration has criticized Japan’s high rice tariffs, signaling that Tokyo may soon face reciprocal tariffs as part of the U.S. trade policy shift in the coming weeks. During a press conference, White House Press Secretary Karoline Leavitt pointed to Japan’s 700% rice tariffs, using a

Trump to invoke wartime Alien Enemies Act of 1798 to carry out deportations

President Donald Trump is reportedly planning to invoke the Alien Enemies Act of 1798 in order to expedite mass deportations of illegal immigrants. This law, which allows the president to detain or deport individuals from nations considered enemies, was a central part of Trump’s campaign promises. Trump intends to

Trump's first month in office showed federal spending of $603 billion in February — $36 billion higher than last February,

US Budget Deficit Hits Record $1.147 Trillion in First Five Months of Fiscal 2025 The U.S. budget deficit for the first five months of fiscal 2025 surged to a record $1.147 trillion, according to data released by the Treasury Department on Wednesday. This includes a $307 billion

US Postal Service: We plan to reduce workforce by 10,000 employees in next 30 days through a voluntary early retirement program

USPS Signs Deal with DOGE to Cut Costs, Reduce Workforce The United States Postal Service (USPS) has announced a new partnership with the Department of Government Efficiency (DOGE) aimed at reducing costs and streamlining operations. In a letter to congressional leaders, Postmaster General Louis DeJoy revealed that he has signed

Trump: We are going to make a deal for Greenland

Trump: Annexation of Greenland ‘Will Take Place’ U.S. President Donald Trump has expressed confidence that Greenland will be annexed by the United States. Speaking during a meeting in the Oval Office with NATO Secretary General Mark Rutte, Trump stated: “I think the annexation of Greenland will take place. We

The White House has directed the U.S. military to draw up options for increasing the American troop presence in Panama

White House Explores Military Options to ‘Reclaim’ Panama Canal The White House has instructed the U.S. military to develop options for increasing American troop presence in Panama, aiming to fulfill President Donald Trump’s goal of “reclaiming” the Panama Canal, according to two U.S. officials familiar with the

A federal judge ordered multiple government agencies, including Veterans Affairs, Treasury and the USDA, to offer fired probationary federal workers their jobs back

Federal Judge Orders Rehiring of Thousands of Fired Government Workers A federal judge has ordered multiple agencies to reinstate tens of thousands of probationary employees who were dismissed during President Donald Trump’s aggressive push to shrink the federal workforce. U.S. District Judge William Alsup condemned the mass firings

60% of Americans currently say the US economy is bad

CNN Poll: Economic Concerns Rise in Early Months of Trump’s Return Concerns about the nation’s economy have grown in the first months of President Donald Trump’s second term, according to a new CNN poll conducted by SSRS. Few Americans believe his policies have improved economic conditions, and

The US dollar may lose its traditional safe-haven status as global markets adjust to a new geopolitical order

Deutsche Bank Warns: US Dollar’s Safe-Haven Status at Risk The US dollar may be losing its traditional safe-haven role as global markets adjust to a rapidly shifting geopolitical landscape, according to Deutsche Bank AG. “We do not write this lightly. But the speed and scale of global shifts is

The Trump admin is reportedly considering no taxes for people who make less than $150,000 per year

Trump’s Goal: No Taxes for Earners Under $150K, Says Commerce Secretary President Donald Trump aims to eliminate income taxes for individuals making less than $150,000 per year, Commerce Secretary Howard Lutnick said Wednesday. “I know what his goal is—no tax for anybody making under $150,000 a

The number of Americans planning a vacation in the next six months is at the lowest in 15 year

Americans Cutting Back on Travel Amid Economic Uncertainty At a time when vacations may be more needed than ever, Americans are planning fewer trips, with travel intentions hitting their lowest level in 15 years—excluding the COVID-19 pandemic, which largely shut down travel. According to research nonprofit the Conference Board,

Robert F. Kennedy Jr. has called on top executives from Kraft Heinz, $KHC, General Mills, $GIS, and other food companies to remove artificial dyes before the end of his term

HHS Secretary RFK Jr. Pressures Food Giants to Remove Artificial Dyes Health and Human Services Secretary Robert F. Kennedy Jr. has urged top executives at Kraft Heinz Co., General Mills Inc., and other major food companies to eliminate artificial dyes from their products before his term ends. “Kennedy expects ‘real

Commerce Secretary Howard Lutnick says Trump's policies are "worth it" even if they lead to recession

Commerce Secretary Lutnick: Tariff Policies ‘Worth It’ Even If They Trigger Recession Commerce Secretary Howard Lutnick defended President Donald Trump’s tariff policies on Tuesday, stating that they are essential for America—even if they lead to a recession. In an interview aired by CBS News, reporter Nancy Cordes pressed

US CPI YoY actual 2.8% (forecast 2.9%, previous 3.0%)

U.S. Consumer Prices Rise Moderately in February Amid Trade War Uncertainty U.S. consumer prices saw a modest increase in February, with higher housing costs offset by cheaper airline fares, providing the Federal Reserve some breathing room to keep interest rates steady at its upcoming meeting while assessing the

Larry Fink of BlackRock, BLK, has said that investors should "buy the dip"

Larry Fink on Markets, Tariffs, and AI: “The World is Fine” BlackRock (NYSE: BLK) Chairman and CEO Larry Fink spoke at the 2025 RBC Capital Markets Global Financial Institutions Conference on Tuesday, offering his outlook on markets amid the global turbulence caused by President Trump’s tariffs. Despite near-term volatility,

Dave Portnoy has said he was asked by the Trump administration to join the US Commerce Department

Dave Portnoy Says Trump Administration Asked Him to Join Commerce Department Barstool Sports owner Dave Portnoy claims he was approached by the Trump administration to join the U.S. Commerce Department, though the offer never materialized. “I got a call, I don’t know, a couple months ago,” Portnoy said

Deloitte says office attendance will be considered as part of some employees’ performance reviews to decide their bonuses

Deloitte Ties Office Attendance to Performance Reviews for U.S. Tax Staff Deloitte has begun incorporating office attendance into performance reviews for some employees, making in-person presence a factor in bonus eligibility for certain staff. According to a message sent to U.S. tax team employees, Deloitte stated: “Being present

Elon Musk’s DOGE slapped a $1 limit on government credit cards

DOGE Cancels 200,000 Government Credit Cards as Part of Spending Overhaul The Department of Government Efficiency (DOGE) announced on Tuesday that it has canceled more than 200,000 government credit cards, according to a post on X (formerly Twitter). DOGE, led by billionaire and White House advisor Elon Musk,

Trump has said: "I think the markets are gonna soar"

Trump Shifts Stance on Stock Market as Recession Fears Grow In recent days, President Donald Trump has downplayed recession concerns and brushed aside the stock market sell-off, even stating, “You can’t really watch the stock market.” The comment marks a notable shift from a leader who has long linked

Hedge funds are selling stocks at a pace not seen in years

Hedge Funds Unload Stocks at Fastest Pace in Over Two Years as Markets Sink Hedge funds unwound single-stock positions at the fastest rate in more than two years on Friday, with some de-risking activity resembling the mass sell-offs of March 2020, when fund managers scrambled to reduce market exposure amid

U.S. budget deficit surged in February, passing $1 trillion for new year-to-date record

U.S. Deficit Surpasses $1 Trillion in Trump’s First Month as Spending Outpaces Revenue The U.S. deficit surged past the $1 trillion mark in February, just one month into President Donald Trump’s second term, as government spending continued to exceed revenue despite a slight monthly decline. According

The Department of Education will begin layoffs tonight with about half of its 4,400 employees expected to be let go

Trump Administration Slashes Education Department Workforce as Agency Moves Toward Closure The U.S. Department of Education has announced plans to lay off nearly half of its employees as President Donald Trump advances his pledge to dismantle the agency. In a statement released Tuesday, the department confirmed that staff reductions

The decision to put 50% tariffs on Canadian steel and aluminum that were just announced this morning has been reversed

Trump Administration Walks Back Plan to Double Tariffs on Canadian Steel and Aluminum The Trump administration announced it will no longer double the 25% tariff on Canadian steel and aluminum scheduled to take effect Wednesday, following Ontario’s decision to suspend its surcharge on electricity exports to the U.S.

Ontario, Canada agrees to suspend 25% electricity surchange on the US

Trump Trade Adviser Announces Reversal of 50% Tariffs on Canadian Steel and Aluminum Peter Navarro, an advisor to President Donald Trump, informed CNBC that Trump had reversed his decision to double the planned tariffs on Canadian steel and aluminum to 50%. The new 25% tariffs on all imported steel and

Trump says he will label violence against Tesla, TSLA, dealerships as domestic terrorism

Trump Threatens Domestic Terrorism Labels for Violence Against Tesla Dealerships President Donald Trump announced plans to label violence against Tesla dealerships as domestic terrorism, as part of a growing alliance with Elon Musk, according to a transcript shared by White House pool reporters. Protests, referred to as "Tesla Takeovers,