Senate Republican presents a plan for taxing digital assets
New Cryptocurrency Tax Regulation Announced by Senator Lummis On Thursday, Senator Cynthia Lummis from Wyoming introduced a law aimed at updating tax regulations for cryptocurrency. This move comes as Congress works toward establishing a clear regulatory framework for digital assets. “To remain competitive, we need to adapt tax laws to support the digital economy instead […]
Merkel criticizes Trump and Vance over tariffs as a danger to our democracy.
Merkel Critiques Trump’s Tariff Policies Former German Chancellor Angela Merkel expressed her concerns on Wednesday regarding Europe’s response to President Trump and his tariff policies. She pointed out that Vice President Vance’s interpretation of “freedom” poses a significant threat to democracy, especially as she promotes her memoirs. Reflecting on a meeting with Trump in March […]
More Trump supporters believe he is more accountable than Biden for the economy, according to a survey.
Trump Voters Attribute Economic Responsibility to Current Administration A recent survey indicates that voters who backed Trump in the 2024 presidential election tend to view their economic situation as more a result of current policies than those from the previous administration. According to the latest polls by Wall Street Journal/YouGov, 46% of Trump supporters believe […]
Trump takes a tough stance as the tariff deadline approaches
As the voluntary trade deadline approaches next week, President Trump is taking a tough stance, stepping back from discussions about extending the 90-day suspension that was initially described as a “mutual” agreement. Just a week ago, he unveiled the outline for a trade deal with Vietnam. Yet, while Vietnam typically doesn’t challenge the US, Trump […]
Tesla stock drops in morning trading as Musk and Trump conflict resumes
Tesla’s stock dropped on Tuesday as Elon Musk finds himself in a conflict with President Trump regarding a proposed GOP spending package. Republicans are suggesting various reversals in the bill, notably targeting electric vehicle (EV) credits, which could significantly impact Tesla’s profits. Shares of the company declined nearly 6% during early trading, as reported by […]
Trump announces $249 ‘Trump Fragrances’
On Monday, President Trump started promoting new business ventures, including his official fragrance, which goes for hundreds of dollars for a 3.3oz bottle. “These are the official scents of President Trump!” says getTrumpFragrances.com, which is the only authorized place to purchase them. He took a moment away from promoting products on his social media platform, […]
Here’s where grocery prices have changed over the past year
Grocery prices have become a hot topic once again, this time in the context of a New York City mayoral race. Zohran Mamdani, a 33-year-old democratic socialist, recently claimed victory in the city’s ranked Democratic primary. He has proposed the creation of a city-owned grocery store that aims to prioritize low prices over profit. Mamdani […]
Bessent on aiming for Fed chair: ‘I will follow the President’s wishes’
Treasury Secretary Scott Bescent expressed his willingness to consider stepping in as Federal Reserve Chairman Jerome Powell’s replacement, as President Trump is eager to initiate changes within the central bank. When asked if he was seeking that role, Bescent mentioned he would align with the president’s decisions but appeared content in his current role. Various […]
5 individuals Trump might choose to succeed Powell at the Federal Reserve
President Trump is making moves to replace Federal Reserve Chairman Jerome Powell sooner rather than later. With less than a year left in Powell’s term, Trump is keen to find a replacement that aligns with his economic agenda. This week, he mentioned he is evaluating “three or four” potential candidates, with the possibility of making […]
Republican senators come to agreement on restrictions for AI regulations
Senator Marsha Blackburn (R-Tenn.) announced on Sunday that she has entered into an agreement with Senate Commerce Chairman Ted Cruz (R-Texas). This deal pertains to President Trump’s comprehensive tax plan, which includes a controversial provision to restrict regulations on artificial intelligence (AI). The revised agreement proposes a “temporary suspension” of AI regulations for five years […]