Economy

U.S. and Australia Sign Critical Minerals Agreement

The projects include rare earths processing, Australian Prime Minister Anthony Albanese said at the White House during a meeting with Preside

Double Social Security Money This Month — Find Out Why

The Social Security Administration will send two SSI payments in October 2025, with one payment on Oct. 1 and another on Oct. 31 due to the 2

Gold zooms past $4,000 for first time in historic flight to safety

Traditionally, gold is seen as a store of value during times of instability. Spot gold is up about 54% year-to-date, after gaining 27% in 202

Social Security Payments at Risk if 2026 Shutdown Drags On

Millions of seniors may have to wait longer for 2026 Social Security COLA announcement as the government shutdown could delay Bureau of Labor

Main Street Gets Biggest Break Under New Tax Law

President Trump's One Big Beautiful Bill provides small businesses with significant opportunities for bottom-line savings on income tax bills

Elon Musk's $1 trillion pay plan faces pushback from investors, state officials

The group cited what it called the board's "relentless pursuit" of retaining Musk, saying it has delayed progress on key goals set at the las

U.S. Growth Hits 3.8% in Q2

The U.S. economy's GDP grew at a 3.8% rate in the second quarter following the latest revision after the economy recorded a 0.5% contraction

Ray Dalio says gold, non-fiat currencies will be stronger stores of value as U.S. debt mounts

The veteran investor warned that all currencies risk losing their appeal as store of value, making gold and non-fiat currencies stronger repo

Fed ready to ease rates amid job, inflation stress

Fed policymakers expected to cut benchmark interest rate by 25 basis points amid labor market weakness and inflation rising further above the

US, China reach 'framework' deal on TikTok; Trump-Xi to finalize

The U.S. and China reached a framework on a deal to move TikTok to U.S. ownership and avoid a ban, as President Trump and Chinese President X

Trump Says Companies Shouldn’t File Every Quarter

President Donald Trump suggests companies report earnings twice yearly instead of quarterly, requiring SEC approval and citing potential cost

Trump Blocked From Axing Fed Official Lisa Cook

The Supreme Court is likely to have the final say on whether President Donald Trump has legal cause to remove Lisa Cook from the Federal Rese

White House aide backs Fed independence

National Economic Council Director Kevin Hassett says Federal Reserve monetary policy should remain independent from political influence, inc

Trump's 50% Tariff Punishing India For Buying Russian Oil Now Active

The tariff rate on India doubled overnight in a bid to discourage the country from continuing to buy cheap Russian oil.

Trump fires Federal Reserve Gov. Lisa Cook over mortgage fraud allegations

President Trump fired Federal Reserve Gov. Lisa Cook Monday over allegations that she committed mortgage fraud.

U.S. takes 10% stake in Intel Trump expands control of private sector

Commerce Secretary Howard Lutnick said that the U.S. government has taken a 10% stake in chipmaker Intel.

GE Appliances to invest over $3 billion in US manufacturing push

The GE Appliances investment will create 1,000 jobs in five states and is aimed at expanding the company's air conditioning and water heating

Appeals Court Allows Trump Administration CFPB Mass Terminations to Proceed

A federal appeals court overturned a lower court ruling that had blocked the Trump administration's efforts to dismantle the Consumer Financi

Putin Pushes Trade Cooperation in Alaska Summit with Trump as Ukraine War Looms

Russian president pitches economic partnership with US during three-hour Trump meeting, blaming NATO expansion for Ukraine conflict amid ongo

DC crime rates among highest nationwide as Trump declares emergency

Washington, D.C., recorded a homicide rate of 27.54 per 100,000 residents in 2024, ranking fourth among major U.S. cities despite overall vio