Category: Markets and Macro

For the first time, everyday income like tips, overtime and even car loan interest is sitting at the center of federal tax breaks instead of on the chopping block. Under President Trump’s One Big Beautiful Bill Act, workers who rely on variable pay and drivers with qualifying auto loans can now carve out sizable new…

The Kennedy Center has long functioned as the symbolic main stage for American performing arts, a place where prestige bookings help sustain careers and regional institutions alike. President Donald Trump’s decision to shutter the complex for years of “rebuilding” now threatens to turn that national hub into a construction site, leaving artists and arts workers…

The new $58 billion merger between Devon Energy and Coterra Energy is landing just as the U.S. shale patch is shifting from land grab to harvest mode, and that timing is awkward. The combined company will be one of the largest shale producers in the world, yet it is being born into a market that…

The Education Department’s attempt to rapidly shrink its workforce has become a case study in how not to manage a federal reorganization. A politically driven push to cut staff collided with legal limits, program realities, and public pressure, leaving the agency to unwind layoffs, scramble to restore basic capacity, and absorb millions of dollars in…

One of President Donald Trump’s most prized business ventures, a flagship crypto company built around his political brand, quietly took on a foreign partner with deep intelligence ties. A powerful member of the Abu Dhabi royal family, widely nicknamed the “spy sheikh,” secured a 49% stake in the firm through a web of intermediaries just…

Economists are increasingly blunt about how aggressively the wealthy work to keep money out of sight and out of reach of tax authorities. Their research points to a web of offshore accounts, shell companies and bespoke tax vehicles that quietly drain public coffers while swelling private fortunes. At the same time, the United States is…

American households are quietly rewriting their budgets as food inflation eats up a larger share of every paycheck. New data shows that even as headline inflation cools, the cost of feeding a family is still rising fast enough to force trade offs on everything from dining out to debt payments. The shift is subtle but…

After months of public sparring over tariffs, oil purchases and geopolitical alignment, Washington and New Delhi have finally locked in a sweeping trade pact that resets one of the world’s most consequential economic relationships. The agreement slashes key duties, ties market access to energy choices and signals that both sides were unwilling to let a…

Corporate leaders keep invoking artificial intelligence as a job killer, yet the official numbers still show a labor market that looks more bent than broken. The gap between the rhetoric and the data is widening, and into that space has crept a new suspicion: that some executives are using AI as a convenient story to…

Across the United States, the promise of keeping every dollar of your paycheck has turned nine no‑income‑tax states into migration magnets. Yet as more workers eye these destinations, the question is whether skipping state income tax really leaves people ahead or simply shifts the bill into less obvious corners of their budgets. I see a…