Mark Cuban rips Trump threat to hit John Deere with massive tariffs: 'Insane'
Billionaire Mark Cuban on Monday night slammed former President Donald Trump, the Republican presidential nominee, for recent threats he made about John Deere and tariffs. Earlier in the day, President Trump warned John Deere that he would impose heavy tariffs on its products if it outsourced any part of its manufacturing to Mexico. “I noticed […]
Speaker Johnson says House will not approve ‘Christmas omnibus’
House Speaker Mike Johnson (R-Louisiana) has pledged that the House will not approve a single giant bill for government-wide funding in December, a scenario that conservatives fear, even though a stopgap bill that expires Dec. 20 is expected to pass the House this week. “There will be no Christmas comprehensive bill,” Johnson said at a […]
Income needed to buy a home falls for first time since 2020: Report
The annual income needed to buy a home fell for the first time since 2020 as mortgage rates fell to the first decrease in three years. Home buyers now need to earn $115,454 a year to buy a typical home, down 1.4 percent from the previous year. New reports According to real estate company Redfin. […]
Hundreds of economists, former policymakers endorse Harris
A group of more than 400 economists and former policymakers supported Vice President Harris in an open letter published Tuesday, arguing that former President Trump's policy proposals would create uncertainty in the economy. The letter, signed by dozens of economics professors and several former government officials who served in Democratic administrations, comes ahead of Harris' […]
Biden administration gets boost from Fed rate cut
The Biden administration has touted confidence in the economy after interest rate cuts by the Federal Reserve helped spur a rise in stock prices. Markets surged last week after the Fed cut interest rates for the first time in more than four years, ushering in a new era for the economy as Democrats praised the […]
House GOP swerves around conservative opposition for stopgap spending bill
House Republican leaders changed course on a three-month process for considering government funding bills, abandoning plans to move the bill through the normal process after opposition from some on the right threatened to block it. The stopgap measure, which would currently fund the government through Dec. 20, is expected to be introduced in Congress this […]
California AG sues Exxon over alleged lies about plastics pollution
California Attorney General Rob Bonta (Democrat) filed a lawsuit against ExxonMobil on Monday, alleging that the company engaged in a decades-long campaign to mislead the public about the recyclability of plastics. Representing the California Department of Justice, Bonta charged that the company has misled Californians for half a century with false public statements and marketing […]
Trump threatens John Deere with 200 percent tariff if it outsources manufacturing
Former President Trump on Monday threatened Illinois-based John Deere with huge tariffs on its products if it outsources some of its manufacturing to Mexico as previously announced, the latest sign that Trump would be aggressive in using tariffs if he wins the November election. “I noticed that there's a John Deere tractor behind me. I […]
Boeing makes 'best and final' offer to machinists union in bid to end strike
Boeing raised its offer to striking factory workers on Monday, seeking to end the strike that has all but halted production for more than a week. The proposal, which the company called its “best and final” offer to the International Association of Machinists and Aerospace Workers (IAM), would raise workers' wages, reinstate annual bonuses and […]
Investment firm launching $1B fund to help suppliers shift to EVs
Monroe Capital is partnering with the White House to launch a $1 billion initiative to improve the nation's electric vehicle (EV) landscape, the company announced Monday. The project, known as the Drive Forward Fund LP, aims to support small and medium-sized businesses facing challenges in the electric vehicle supply chain and bolster the development of […]