Senate GOP's tax bill includes tax breaks on tips & overtime, extends business breaks, and adjusts SALT deduction. Aims for economic growth via incentives and domestic investment. Trump accounts for children included.
Senate rules block Republicans from defunding the Consumer Financial Protection Bureau (CFPB) in Trump's megabill. Democrats vow to scrutinize the bill and fight funding cuts to protect consumers.
Trump's executive orders aim to boost nuclear energy, citing energy independence and a 'national energy emergency.' This includes streamlining licensing, promoting uranium mining, and building reactors on federal land.
Ken Griffin discusses the US Treasury market's strength, Trump's economic policies, crony capitalism, and his influence in GOP circles. He highlights risks to the US dollar and concerns over government intervention.
Trump and Musk's initiative cuts government jobs, impacting agencies like Health, Education, Post Office, and Veterans Affairs. CFPB faces staff reduction, criticized by Warren for hindering consumer protection. 240
But Apple is nonetheless unlikely to bring much production back to the U.S., as moving output to Texas or New Jersey from abroad would raise the price of an iPhone to $3,500 from $1,000, according to Wedbush Securities analyst Dan Ives.
policy will cause pure chaos to the global auto industry and will raise the prices of a typical car to a U.S. consumer by $5k to $10k out of the gates,” Wedbush Securities analyst Dan Ives said in a Monday note.
The U.S. employment report for March is due at 8:30 a.m. EDT, with seasonally adjusted gains in non-farm payrolls expected to slow and the jobless rate projected to rise to 4.2% from 4.1%.
Both companies are seeing “significant capacity constraints” for graphics processing units, or GPUs, which are essential for training and inferencing generative AI models, analysts at Morgan Stanley (MS) said in a note highlighting takeaways from the firm’s Tech, Media & Telecom 2025 conference.
China’s antitrust watchdog is reportedly eyeing a formal probe into Apple’s (AAPL) fees for app developers, giving CEO Tim Cook another problem to worry about as the U.S.’ trade war with Beijing kicks off.
After a series of three cuts toward the end of 2024, the Fed’s likely decision to hold steady reflects its cautious approach amid economic uncertainties and a landscape influenced by previous fiscal and monetary policies.
Musk, who has also launched a pro-Trump super political action committee, in July said getting rid of the tax credits “probably actually helps Tesla” in the long term because its rivals — who control much less of the market — would be hindered.”
