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The Treasury Department and InternalRevenueService proposed rules Wednesday that would restrict access to refundable tax credits for certain immigrant groups. The rules would classify the refundable portions of the adoption tax credit, child tax credit, American Opportunity tax credit, and earned income tax credit …
President Trump announced Tuesday night that the US had reached a tentative trade agreement with Canada, pausing planned 50% tariffs on billions of dollars of Canadian goods just before a midnight deadline. The tariffs, covering products including wine, hockey sticks, and other goods, were …
President Trump renewed his criticism of the Federal Reserve on Wednesday, arguing that positive economic data should not prevent the central bank from adopting an easier policy stance. Trump accused Fed officials of having political motives but excluded Fed Chairman Kevin Warsh, whom he …
Longer-dated governmentDebthas been hit particularly hard by aGlobal Bondselloff that pushed yields to multi-decade highs this week, but short-dated bonds continue to offer value, according to analysts at UBS. The 30-yearTreasury Yieldis hovering close to its highest level since 2007, while Japan's 10-year bond …
The US labor market showed renewed softness in July, with the latest jobs report erasing more than 100,000 previously reported positions and showing an outright decline in employment for the month. Employment growth has now fallen for four consecutive months.
Amazon (NASDAQ:AMZN) said Wednesday it plans to expand Prime Air drone deliveries to nearly 500 US cities and towns by the end of the year, a sixfold increase from its current footprint. The expansion follows a critical regulatory approval received in 2024 that enabled …
Florida state representative Angie Nixon won the Democratic primary for US Senate early Wednesday, defeating Army veteran Alex Vindman by 12 points in a result that extends a string of progressive victories within the Democratic Party this cycle. Nixon, a member of the Democratic …
Anthropic is pulling ahead of OpenAI in the competitive frontier AI model race, according to recent financial disclosures. Anthropic more than doubled its revenue from the first to second quarter of 2026, while OpenAI's revenue increased by just 18% over the same period, with …
BioMarin Pharmaceutical (NASDAQ:BMRN) announced it will acquire Alesta Therapeutics for $275 million upfront, with up to an additional $215 million contingent on development milestones. The deal provides BioMarin access to ALE1, an oral treatment candidate currently in early-stageClinical Trialsfor hypophosphatasia, a rare genetic bone …
The United Arab Emirates said Wednesday it has paused all trade and financial transactions with Iran after reporting that two ballistic missiles were launched from Iranian territory toward its waters. Both missiles fell into the water without causing damage or casualties, according to the …
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