Latest business news and market updates
On July 4, 2025, President Donald Trump signed a $3.4 trillion budget bill, extending tax cuts and funding immigration enforcement, sparking debate on its long-term economic effects.
Former Treasury Secretary Lawrence Summers cautions that President Trump’s proposed 'One Big Beautiful Bill' could increase budget deficits and weaken social welfare programs. He also warns of delayed inflationary impacts due to tariffs and debt-driven spending, while criticizing calls for ultra-low interest rates.
A deadly fire at Iran’s largest oil refinery in Abadan has claimed one life, highlighting ongoing safety challenges in the country’s critical energy infrastructure.
A vehicle struck a crowd outside an East Hollywood nightclub, injuring at least 30 people. Authorities continue investigation amid growing concerns over pedestrian safety in busy nightlife areas.
Hawaiian coffee farmers warn that President Trump's tariffs on major coffee exporters, including Brazil, could harm their niche industry by disrupting global supply chains and raising prices.
As US colleges face declining enrollments and financial strains, a novel model emerges where retired baby boomers live alongside 18-year-old students, fostering unique intergenerational communities.
Facing shrinking student numbers and tight budgets, US colleges are integrating senior living communities on campus, leveraging baby boomers’ wealth to create sustainable financial models.
The proposed 30% US tariff on European wines risks raising prices, reducing consumer choice, and causing widespread job losses across the American wine sector, with experts warning it could undermine both importers and domestic producers.
Brazil is evaluating potential policy changes targeting US dividends and the operations of American tech firms, signaling a strategic move towards economic sovereignty and greater control over foreign investment.