What changes to the CHIPS act could mean for AI growth and consumers
Trump has called the federal contracts made with the help of the CHIPS and Science Act “ridiculous,” signaling that he doesn’t support the program.
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Trump administration begins sweeping layoffs with probationary workers, warns of larger cuts to come
The administration on Thursday ordered agencies to lay off nearly all probationary employees who had not yet gained civil service protection—potentially affecting hundreds of thousands of workers.
UPDATE: Trump signs plan for reciprocal tariffs on U.S. trading partners
President Donald Trump’s plan increases U.S. tariffs to match the tax rates that other countries charge on imports, possibly triggering a broader economic confrontation with allies and rivals alike.
Elon Musk calls for U.S. to ‘delete entire agencies’ from federal government
Elon Musk made the remarks as part of his push under President Donald Trump to radically cut spending and restructure its priorities.
December wholesale prices rise more than expected
Year-over-year consumer price inflation has now risen for four straight months.
What does having the Consumer Financial Protection Bureau on hold mean for consumers?
Congress established the CFPB to monitor credit card companies, mortgage providers, debt collectors and other segments of the consumer finance industry.
U.S. egg prices hit record high and are likely to keep climbing
The spike in egg prices was the biggest since the nation’s last bird flu outbreak in 2015 and accounted for roughly two-thirds of the total increase in food costs last month, according to the U.S. Bureau of Labor Statistics.
Could obesity drugs help with alcohol cravings? New study suggests potential.
The results add to evidence from animal studies and reports that people are finding the drugs helpful to manage cravings, not just for food, but also for tobacco and alcohol.
Trump readies matching tariffs on trade partners, possibly setting up major economic showdown
President Donald Trump is taking additional action to upset the world trade system, with plans to sign an order as soon as Wednesday that would require that U.S. tariffs on imports match the tax rates charged by other countries.
Kite Realty sees quarterly rise in revenue, profit
The Indianapolis-based retail real estate investment trust reported fourth-quarter funds from operations that met analyst expectations.
Powell says Fed ‘well positioned’ for ‘risks and uncertainties’ that lie ahead
The Federal Reserve is prepared to keep its key interest rate unchanged for now as inflation remains elevated and the job market is solid, Chair Jerome Powell said Tuesday.
Trump once again slaps taxes on foreign steel, aluminum
President Donald Trump is hitting foreign steel and aluminum with a 25% tax. If that sounds familiar, it’s because he did pretty much the same thing during his first term.
Caitlin Clark gives stamp of approval to Indiana Fever’s offseason moves
Clark on Monday gave a ringing endorsement to the roster moves announced by the Fever this month.
Trump directs Treasury to stop minting new pennies
Proponents of eliminating the coin have cited cost savings, speedier checkouts at cash registers, and the fact that a number of countries have already eliminated their one-cent coins.
Trump says he will announce 25% steel and aluminum tariffs
President Trump also reaffirmed that he would announce “reciprocal tariffs”—meaning that the U.S. would impose import duties on products in cases where another country has levied duties on U.S. goods.
Sony PlayStation Network outage enrages gamers worldwide
Reports of connectivity issues spread quickly across social media, with users frustrated by error messages and login failures.
Trump: Nippon Steel to invest in U.S. Steel instead of buying it
Nippon Steel in December 2023 made what was a nearly $15 billion bid to buy U.S. Steel, creating a sudden political issue in the 2024 presidential election.
IU basketball coach Mike Woodson not expected to return next season
The 66-year-old Woodson has been under fire most of the past two seasons because his teams have underperformed.
Super Bowl ads offer laughs, celebs, surprises to win over viewers
With a few ad spots going for a record $8 million for 30 seconds this year, the stakes have never been higher.
U.S. employers add 143,000 jobs, jobless rate falls to 4%
Most Americans still enjoy unusual job security. But for those looking for work, the job hunt has been getting harder compared with the red-hot hiring days of 2021-2023.