Welcome to The Hill’s business & economy newsletter {Beacon} Business & Economy Business & Economy The Big Story Inflation rose to 3.8% in April amid Iran shock. The annual inflation rate edged higher in April as energy and food prices rose due to the war in Iran, according to data released by Labor on Tuesday……
Suspending the federal gas tax could bring down prices at the pump. But the move may not provide consumers with meaningful relief, experts say, and it could deplete a key federal fund for highway construction and maintenance. On Monday, President Donald Trump said in Oval Office remarks that he would “reduce” the tax, after saying in an…
Bruins defenseman Charlie McAvoy received a six-game suspension for hitting Buffalo’s Zack Benson in Game 6 of the first-round series. Source link
Karen Evans, the acting head of the Federal Emergency Management Agency (FEMA), has left the disaster relief agency in another leadership turmoil. According to Politico’s E&E News, a memo sent to FEMA staff on Tuesday revealed that Evans is departing. Evans had been in charge of FEMA since December, succeeding his predecessor David Richardson… Source…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 5, 2026. Brendan McDermid | Reuters The U.S.-Iran war drags on with no sign yet of a peace deal. Someone needs to tell the stock market. After a small early drawdown near the outset of the war,…
Bengals receiver Andrei Iosivas says his goal is to reduce “outside noise” this year, admitting that online abuse caused him to get into his own head “a little bit” during on-field struggles last season. Source link
Super Bowl LX â which included Bad Bunny’s halftime show performance, which sharply criticized President Trump and some conservatives â received more than 2,300 complaints to the Federal Communications Commission (FCC). The Puerto Rican superstar performed a medley of his mega-hit at a February game between the Seattle Seahawks and New… Source link
Chinese electric vehicle brands Neta and Zeekr inflated sales in recent years to hit aggressive targets, with Neta doing so for more than 60,000 cars. Koiguo | Moment | Getty Images Bipartisan lawmakers from Michigan on Tuesday announced legislation that would ban Chinese-made “connected vehicles,” software and hardware from the U.S. market, ahead of President…
The No. 1 pick (2010) and Hart Trophy winner (2018) is a key player for the Canes, who have yet to lose in this postseason. Source link
President Trump has named a new temporary leader at the Food and Drug Administration (FDA), following reports that the agency’s commissioner, Marty Macari, will resign on Tuesday. Trump announced on Truth Social that Food Deputy FDA Commissioner Kyle Diamantas, “a very talented individual,” will serve as acting commissioner. “I want to thank Dr. Marty Macari……
