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Business & Economy

Trump Tariffs Evoke Smoot-Hawley Scene From ‘Ferris Bueller’

and on August 24, 2026

A famous classroom scene explains why the 1930 tariff law deepened the Depression — and why today’s trade fight isn’t a simple replay.

Americans’ Backlash to Data Centers Is Scrambling Midterm Elections

and on August 24, 2026

A 71% backlash is forcing states to rethink tax breaks, power use and who pays as data centers reshape local utility bills and elections

Trump Calls It ‘a Mistake’ for Communities to Reject Data Centers

, and on August 24, 2026

A typical data center employs about 150 workers, but its electricity, water and noise impacts are fueling opposition in communities nationwide

Trump Vows to Double Canada Auto Tariffs to 50%, Escalating Trade War

and on August 24, 2026

The proposed Jan. 1, 2027, increase could raise vehicle and parts costs as Canada prepares dollar-for-dollar retaliation against U.S. tariffs

U.S. Imposes 50% Tariffs on Canadian Goods After Negotiations Collapse

and on August 22, 2026

The new duties cover about $28 billion in Canadian goods, from wine and dairy to hockey sticks and cement, while energy and other products remain exempt

A New Tax Break Gives Seniors up to $6,000 Back. Here’s Who Qualifies.

and on August 20, 2026

A new temporary tax deduction allows individuals aged 65 and older to deduct up to $6,000 in income on their 2025 federal returns, though income limits and other restrictions apply.

IRS Warns About Back Tax Phone Scams Targeting Taxpayers

on August 20, 2026

The IRS and FTC are warning taxpayers about a surge in phone scams where fraudsters impersonate government agencies to demand back taxes and steal personal information.

Trump Calls for Lower Interest Rates as Fed Officials Watch Inflation

and on August 20, 2026

The Fed faces pressure to cut rates while inflation remains above its 2% target, creating competing consequences for borrowers, savers and mortgage shoppers.

Is Trump’s ‘America First Trade Policy’ Working for Americans?

and on August 18, 2026

A proposed 50% tariff on some Canadian goods is only one piece of a shifting trade policy that could affect prices, businesses and congressional power.

Updated El Niño Forecast Warns of ‘Historic Event’

and on August 13, 2026

NOAA says the pattern could raise weather risks and global temperatures while adding trillions in economic losses, though U.S. effects vary by region.

New Book Reveals Detroit 3’s Push to Keep Trump’s Tariffs at Bay

and on August 12, 2026

Automakers absorbed billions in tariff costs, while workers saw smaller profit-sharing checks and shoppers faced an uncertain path to affordable new cars.

Hot Inflation, Shrinking Jobs: 6 Money Moves for a Fed That Doesn’t Know What’s Next

on August 12, 2026

The July CPI numbers just boxed the Fed into a corner — and your money’s caught in the crossfire.

U.S. Inflation Cooled Again but Still Outpaced Paychecks in July

and on August 12, 2026

Prices rose 3.4% over the past year while hourly pay grew 3.2%, leaving households with little relief despite slower inflation.

Pharmaceutical Giant to Build $2.3B Plant, Create 500 Jobs in Texas

and on August 10, 2026

The Houston project includes a $4.89 million state grant and could generate 2,000 construction jobs before the facility opens.

Trump Says US ‘Low-Keying It’ With Iran and ‘Only Semi-Negotiating’

and on August 10, 2026

A disrupted oil route has pushed the national average above $4 a gallon, up sharply from the price when the conflict began.

America’s Energy Future? Gates, Buffett and a Wyoming Town Go Nuclear

and on August 9, 2026

A $2 billion public investment is helping build a Wyoming reactor that promises jobs, cleaner power and a test of taxpayers’ appetite for nuclear risk.

Senate Passes Continuing Resolution to Fund Government, Avert Shutdown

and on August 8, 2026

The 90-6 vote keeps agencies funded through fiscal 2027, but the House must still approve the package before lawmakers leave for recess.

Trump: Data Centers Could Be ‘Bigger Than Oil’ as Texas Seeks Pause

and on August 8, 2026

Texas is weighing a temporary grid pause as soaring electricity demand from AI facilities forces a debate over who pays for the expansion

Unemployment Rate Is Falling, but for ‘the Wrong Reason,’ Experts Say

and on August 8, 2026

July’s 23,000-job loss and a five-decade-low labor force participation rate reveal why a lower unemployment number may not mean a stronger economy

U.S. Employers Shed 23,000 Jobs as Labor Market Weakens

and on August 7, 2026

July’s job losses and slower wage growth point to a cooling labor market, while the next inflation report could show whether workers are falling further behind.

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