Trump tax cuts, if made permanent, stand to benefit highest income earners, Treasury analysis shows At the very top of Republicans’ 100-day agenda with President-elect Donald Trump in the White House is the plan to renew some $4 trillion in expiring tax cuts. The U.S. 01/10/2025 - 1:59 am | View Link
Tax cuts, debt limit, spending caps: Congress faces key fiscal choices this year The Fiscal Responsibility Act of 2023, which suspended the debt limit until last week, also established binding discretionary spending caps for fiscal years 2024 and ’25. But, beyond that, the ... 01/9/2025 - 7:59 am | View Link
Reeves may need to cut spending after jump in borrowing costs, say economists Kallum Pickering, chief economist at brokerage Peel Hunt, said: “If bond yields rise further, Reeves may be forced to make the economically damaging decision of further increasing taxes or cutting ... 01/8/2025 - 10:43 am | View Link
Credit rating agency warns of congressional debt limit stalemate despite GOP majority Fitch Ratings released a report warning that Congress could struggle to raise or suspend the debt limit while also dealing with annual spending bills and an anticipated tax reform bill. 01/7/2025 - 10:06 am | View Link
GOP proposes repealing Biden’s student debt relief to fund new tax cuts for the rich One major legislative priority for the incoming Republican trifecta government is the passage of a new round of tax cuts that will primarily benefit the wealthiest Americans. And Republicans are now ... 01/2/2025 - 9:33 am | View Link
Nike's planned running releases have retail analysts optimistic for 2025.tibor5/Getty ImagesNike plans to launch new running shoes this year. In 2024, Nike trailed competitors like Asics and Adidas in running-shoe launches. BMO analysts are optimistic about Nike's 2025 lineup despite past performance challenges. Nike's shoe competitors were on a tear in 2024, so expectations are high for the sportswear giant this year.
The 2025 Hyundai Ioniq 5 N in "Soultronic Orange" paint. Benjamin Zhang/Business InsiderThe Hyundai Ioniq 5 N is the new high-performance version of the compact EV SUV. I was impressed by the Ioniq 5 N's retro rally car styling, supercar performance, and advanced tech. The Ioniq 5 N falls short on range.
Jason Oppenheim says filming for season nine of "Selling Sunset" is on hold. Gilbert Flores/Variety via Getty ImagesJason Oppenheim said filming for "Selling Sunset" season nine is on hold because of the LA fires. He said the Oppenheim Group has instead focused on efforts to help those who have lost their homes.
Spencer Platt/Getty ImagesEarnings season begins this week, with major US banks starting to report on Wednesday. Investors are focused on mega-cap tech earnings and the potential impacts of a strong US dollar. Goldman Sachs highlighted three trends to watch for in the upcoming earnings season. Earnings season kicks off this week, with 6% of the S&P 500 set to report fourth-quarter results.
Getty Images; Alyssa Powell/BIThe postelection rally in stocks was officially wiped out on Monday. At intraday lows, the S&P 500 was about 0.2% below its Election Day close. Investors are growing skittish about spiking bond yields and the prospect of higher inflation. The stock-market rally fueled by Donald Trump's election win — which extended as far as 5.5% — has been wiped out.
Pete Hegseth, a Fox News host who Trump has nominated to serve as secretary of defense. Kevin Dietsch/Getty ImagesPete Hegseth, Trump's controversial pick to be the secretary of defense, made millions at Fox News. He's received $4.6 million in salary income from the network since the beginning of 2023. He's also made $900,000 from 41 paid speeches and hundreds of thousands more from books.