Trump officials float cut to capital gains tax on home sales
Director of the National Economic Council Kevin Hassett speaks to reporters outside of the White…
Trump officials float cut to capital gains tax on home sales
Director of the National Economic Council Kevin Hassett speaks to reporters outside of the White House in Washington, on Aug. 7, 2026. Anna Moneymaker | Getty Images A tax break for Americans selling their primary residence could become part of the Trump administration’s midterm pitch. But experts say such an effort is unlikely to happen…
Trump sued over Truth Social advance access sale
US President Donald Trump uses a cellphone aboard Marine One before it departs Leesburg Executive Airport in Leesburg, Virginia, on April 24, 2025. Alex Wroblewski | Afp | Getty Images President Donald Trump was sued on Wednesday over the controversial sale of advance notifications of his posts on Truth Social. The lawsuit, filed in U.S….
Meta and Nvidia plant flag in open-weight AI race led by Chinese Labs
(L to R) Jensen Huang, President and CEO of Nvidia Corporation, Google CEO Sundar Pichai and Mark Zuckerberg, CEO of Meta, arrive for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the US Capitol in Washington, D.C., on Sept. 13, 2023. Andrew Caballero-reynolds | Afp | Getty Images Last month, American tech giants came…
China’s answer to Boeing and Airbus makes first international flight
A Commercial Aircraft Corp. of China (Comac) C919 aircraft under assembly at the Comac Shanghai Research and Development Center on May 4, 2017. Bloomberg | Bloomberg | Getty Images China’s homegrown C919 passenger jet departed on its first scheduled international commercial flight Wednesday, marking a milestone in Beijing’s push to develop an alternative to Boeing…
New York City Council probes prediction markets’ marketing strategies
A Kalshi billboard displaying New York City mayoral election odds in Times Square in New York, US, on Tuesday, Nov. 4, 2025. Adam Gray | Bloomberg | Getty Images The New York City Council is investigating marketing practices by prediction market platforms, the office of Council Speaker Julie Menin said on Wednesday. In letters to…
Mortgage rates finally stop rising, causing demand to trickle back
A “For Sale” sign outside a home for sale in Crockett, California, US, on Wednesday, June 17, 2026. David Paul Morris | Bloomberg | Getty Images After five weeks of gains, mortgage rates fell very slightly last week. That was enough to bring a bit of demand back to the market. Total mortgage application volume…
Coreweave’s stock jumps 18% after a ‘cleaner quarter’— here’s why
Michael Intrator, co-founder and CEO of CoreWeave, speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Feb. 27, 2026. Brendan McDermid | Reuters AI cloud giant CoreWeave was up in premarket trading on Wednesday after reporting that its second-quarter revenue doubled, driven by…
Treasury yields little changed as investors await key inflation data
U.S. Treasury yields were little changed on Wednesday morning as Wall Street awaits key inflation data due later in the session. The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — was largely flat at 4.682%. The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve…
Trump ends Medicaid, CHIP funding for gender-affirming care for children
Supporters of transgender youth demonstrate outside Children’s Hospital Los Angeles (CHLA) on February 6, 2025 in the wake of US President Donald Trump’s executive order threatening to pull federal funding from healthcare providers who offer gender-affirming care to children. Robyn Beck | Afp | Getty Images The Trump administration on Tuesday said it is implementing…
Norway wealth fund posts $184 billion profit, reveals SpaceX stake
Nicolai Tangen, CEO of Norges Bank Investment Management, during a news conference in Oslo, Norway, on Jan. 29, 2025. Naina Helén Jåma | Bloomberg | Getty Images Norway’s $2.3 trillion sovereign wealth fund reported a record half-year profit of more than $182 billion on Wednesday, as a rally in Asian technology stocks helped the fund…
