Economic Report Us Households Boost Net Worth and Cut Back on Debt
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Trump's proposed tariffs could cost US households $1,500 per year: Report
A blanket 10 percent tariff on imported goods floated by former President Trump could cost U.S. households around $1,500 per year, a new economic analysis has found. Trump, the presumptive 2024 Republican presidential nominee, has pledged to ...The Hill - Politics - Donald Trump -
Trump's social media company to go public, potentially netting the former president stock worth billions on paper
Trump's social media company to go public, potentially netting the former president stock worth billions on paperABC News - Tech - Donald Trump -
Trump's net worth reportedly soars to $6.5 billion after media company stock jumps
Trump's social media company completed a merger, and a NY appeals court lowered the amount of cash he needs to pause a $454 million civil fraud penalty.CNBC - Business - Donald Trump -
EPA issues new auto rules aimed at cutting carbon emissions, boosting electric vehicles and hybrids
The Biden administration has announced new automobile emissions standards that officials call the most ambitious plan ever to cut planet-warming emissions from passenger vehiclesABC News - Tech -
Japan's Nissan promises aggressive electrification push to cut costs, boost global sales
Nissan has announced plans to expand its electric vehicle lineup, develop more powerful batteries and cut production costsABC News - World -
Troubled EV maker Fisker to cut some car prices by more than 30% to boost demand
Fisker Inc.’s stock got a slight reprieve Thursday after the troubled electric-vehicle maker announced large price cuts in an attempt to boost demand for its cars.MarketWatch - Business -
Should you use a personal loan to pay off credit card debt?
Want to pay off high-interest credit card debt with a personal loan? Find out if that plan makes sense here.CBS News - Top stories -
An interesting disconnect in US rate-cut expectations
Economists and the Fed think similar things on what will happen to the US economy. So why is there a big gap in their expectations for interest rates?Financial Times - World -
Donald Trump joins list of world’s biggest billionaires, boosted by Truth Social stake: report
Former President Donald Trump has joined the ranks of the biggest billionaires in the world, thanks largely to his stake in a social-media company that just completed a merger with a blank check company.MarketWatch - Business - Donald Trump -
How the Atlantic Went From Broke to Profitable in Three Years
The publication’s new chief executive raised subscription prices, and moved away from day-to-day news coverage to focus on deeply reported stories with broad appeal.The Wall Street Journal - World -
Home Depot Buys Roofing Distributor in $18 Billion Deal
The retailer said it would acquire SRS Distribution in a deal with a value of $18.25 billion, which includes assumed debt.The Wall Street Journal - World -
First Medicare Health Plans to Start Paying for Weight-Loss Drug Wegovy
The first major U.S. health insurers have agreed to start paying for the popular anti-obesity drug Wegovy for certain people on Medicare with heart-related conditions.The Wall Street Journal - World -
Between Two Blackouts Emerged a Different New York
As I got in my car, I noticed that the window lights began to flicker and die.The Wall Street Journal - World - New York -
US freight rail, supply chain, now at the mercy of California's net-zero emissions rule
Congress has not given EPA the authority to cripple the nation’s railroad network.The Hill - Politics - California -
FirstFT: Larry Fink warns of looming ‘retirement crisis’
Also in today’s newsletter, latest on Baltimore bridge collapse, and Donald Trump’s inner circleFinancial Times - World -
Bond giant Pimco favours gilts over US Treasuries amid inflationary pressure
Fund manager projects Fed will cut interest rates more slowly than other central banksFinancial Times - Business -
US faces Liz Truss-style market shock as debt soars, warns watchdog
Fiscal burden on ‘unprecedented’ path, says independent Congressional Budget Office headFinancial Times - Business - United Kingdom -
Budget watchdog warns US could suffer market shock over national debt
Congressional Budget Office (CBO) Director Phillip Swagel warned the United States could suffer a similar market shock as seen in the United Kingdom during former Prime Minister Liz Truss’s brief stint leading Britain, citing the nation's ...The Hill - Politics -
Morning Report — Justices sound ready to back abortion pill access
In June 2022, a conservative Supreme Court majority ruled that abortion restrictions resided with the states. On Tuesday, abortion made its way back before the justices in a case challenging access to a widely used abortion drug. Most justices ...The Hill - Politics - Abortion -
Is University really worth it?
Comedian Geoff Norcott investigates Britain’s higher education sector.BBC News - Top stories -
'I want to use my voice' - Olympic ChangeMakers will 'give back' to communities
Olympic and Paralympic athletes aim to give back to their local communities once the Paris Games end as part of the new ChangeMakers scheme.BBC News - Top stories -
Ukraine aid back on US agenda – but still at mercy of unruly Republicans
Speaker Mike Johnson averted government shutdown but faces far-right threat of removal over $60bn national security package. With the government funding fight resolved, the US House of Representatives is expected to soon turn to a long-stalled ...The Guardian - World - Ukraine -
New Zealand joins the US and the UK in alleging it was targeted by China-backed cyberespionage
New Zealand says hackers linked to the Chinese government targeted its Parliament in 2021ABC News - Tech - United Kingdom -
‘Harkens back to the Aids quilt’: using art as protest for the trans community
With an increase in US anti-trans legislation, this year’s Transgender Day of Visibility will see impactful art and a drive to validate a powerful community. Since its inception in 2009, Transgender Day of Visibility – which occurs every year on ...The Guardian - World -
How can we get the US-Israel relationship back on track?
To make meaningful progress, Biden must face facts about the current state of Palestinian leadership.The Hill - Politics - Israel -
About 360,000 households without power as storms batter Northeast
A powerful weather system battered the tri-state area with heavy rain and strong winds over the weekend, as a fast-moving storm blanketed northern New England with snow and plunged some 360,000 households in the Northeast into blackouts.NBC News - Top stories -
The Uplift: Nothing but net
Nets star Mikal Bridges fulfills his dream of teaching by working at a school in Brooklyn for the day. A doctor overcomes the odds to help other survivors of catastrophic injuries. Plus, behind the scenes of Drew Barrymore's talk show, and more ...CBS News - Top stories -
Is a Nintendo Switch Worth Buying Right Now? (2024)
Rumors abound about the Switch’s successor, but that shouldn’t deter you from jumping into the wonderful library of exclusive games on Nintendo’s platform.Wired - Tech -
Over 500 dengue fever cases reported in US territory
"This year, dengue cases have exceeded historical figures," Dr. Carlos Mellado López, the secretary of the Puerto Rico Department of Health, said in a statement.ABC News - Top stories -
US-backed Syrian force that defeated IS 5 years ago warns group still poses international threat
The U.S.-backed force that defeated the Islamic State group in Syria five years ago is warning that the extremists still pose grave dangers throughout the worldABC News - World -
Israel-Gaza war live: Netanyahu hits back at war cabinet minister who criticised cancellation of US visit
Israeli prime minister’s political rival said Netanyahu should have travelled to the US after visit is cancelled following UN vote to pass ceasefire resolution. Unrwa’s planning director has said “more people will die” in the north of the Gaza ...The Guardian - World - Israel -
US and UK unveil sanctions against Chinese state-backed hackers over alleged ‘malicious’ attacks
The US alleges the individuals were working as a front for Beijing in an indictment and sanctions announcement. China cyber-attacks explained: who is behind the hacking operation against the US and UK?Hackers backed by China’s government spy ...The Guardian - World - United Kingdom -
Want to bring microchip fabs back to the US? Exempt them from environmental review
What chases high-tech manufacturing abroad is not the lack of government subsidies, but excessive regulation and taxation.The Hill - Politics -
US and UK go after Chinese hackers accused of state-backed operation against politicians, dissidents
Hackers linked to the Chinese government launched a sweeping, state-backed operation that targeted U.S. officials, journalists, corporations, pro-democracy activists and the U.K.’s election watchdogABC News - Tech - United Kingdom -
FAA boosting oversight of United Airlines
Federal regulators are considering placing temporary restrictions on United Airlines after a wave of concerning incidents last month, CBS News has learned. CBS News senior transportation correspondent Kris Van Cleave is in Phoenix with more ...CBS News - Top stories - Travel -
Economic impact of Baltimore bridge collapse
Operations at the Port of Baltimore were halted after the Francis Scott Key Bridge collapsed Tuesday. The collapse will impact shipping routes and trade in the region. David Lynch, a global economics correspondent for the Washington Post, joins ...CBS News - Top stories -
How to consolidate credit card debt
Debt consolidation can help you pay off your credit cards faster. Learn more about consolidating your debt here.CBS News - Top stories -
What is a good debt-to-income ratio?
Your debt-to-income (DTI) ratio is a deciding factor in loan approvals and terms. But what is a good DTI ratio?CBS News - Top stories -
Clemson coach stands by NET, Big 12 critique
Clemson men's basketball coach Brad Brownell reiterated his stance that Big 12 teams figured out ways to manipulate their metrics to help garner more bids to the tournament.ESPN - Sports - College Football -
'She's a warrior': Iriafen nets 41 as Stanford wins
Kiki Iriafen scored 11 of her career-high 41 points in overtime, securing No. 2 seed Stanford a place in the Portland Regional with a thrilling 87-81 victory over seventh-seeded Iowa State in the second round of the NCAA tournament Sunday night.ESPN - Sports - NBA