A Sold sign in front of a home under construction at the Waterways subdivision in Gulf Shores, Alabama, US, on Friday, Dec. 6, 2024. Micah Green | Bloomberg | Getty Images Real estate experts are weighing in on a potential end to capital gains tax on home sales — as floated by President Donald Trump…
The Texas Instruments headquarters in Dallas, Texas, US, on Sunday, Jan. 21, 2024. N. Johnson | Bloomberg | Getty Images Texas Instruments shares plunged 12% after the automotive and industrial semiconductor supplier warned of ongoing tariff aftershocks. The company said it expects third-quarter earnings between $1.36 and $1.60 per share, a midpoint of $1.48 per…
The front desk of the Amazon office is pictured in New York, May 1, 2019. Carlo Allegri | Reuters Amazon is shuttering its research lab in Shanghai focused on artificial intelligence development, the latest belt-tightening move by the e-commerce and cloud computing giant. Wang Minjie, an applied scientist at the lab, wrote in a WeChat…
Vehicles are assembled on a line at the BMW plant in Leipzig. Picture Alliance | Picture Alliance | Getty Images Shares of Europe’s top carmakers rose on Wednesday after the U.S. and Japan’s blockbuster trade agreement raised hopes of a tariff breakthrough for other major exporters. In a post on social media platform Truth Social,…
A student student sits in a lecture hall while class is being dismissed at the University of Texas at Austin on February 22, 2024 in Austin, Texas. Brandon Bell | Getty Images What are the new repayment plan’s terms? RAP is what the Education Department calls an “income-driven repayment plan.” Congress created the first IDR…
Sen. Mike Lee, R-Utah., speaks to reporters as he arrives for the Senate Republicans’ lunch meeting in the U.S. Capitol on Tuesday, June 17, 2025. Bill Clark | CQ-Roll Call, Inc. | Getty Images Sen. Mike Lee, R-Utah, on Tuesday reportedly shared and then hastily deleted a fake, apparently AI-generated letter purporting to show Jerome…
Jeff Bezos, founder and executive chairman of Amazon, takes the stage during The New York Times’ annual DealBook Summit, at Jazz at Lincoln Center in New York City on Dec. 4, 2024. Michael M. Santiago | Getty Images President Donald Trump met with Amazon founder Jeff Bezos at the White House last week, CNBC has…
Seized catalytic converter thefts from Operation Heavy Metal in 2022. Courtesy: Department of Homeland Security A New Jersey man pleaded guilty in Oklahoma federal court to leading a massive theft ring that stole catalytic converters from vehicles and sold them for more than $600 million in total to a refinery that extracted precious metals contained…
President Donald Trump said Tuesday that the U.S. has “concluded” a trade deal with the Philippines that includes a 19% tariff on goods imported from the southeast Asian country. Manila will not impose tariffs on U.S. goods as part of the deal, according to Trump, who praised the country for what he described as “going…
U.S. Speaker of the House Mike Johnson (R-LA) speaks to reporters at the U.S. Capitol on July 21, 2025 in Washington, DC. Congressional Lawmakers have returned to work on Capitol Hill after the weekend. Andrew Harnik | Getty Images News | Getty Images The House of Representatives will begin its August recess early to avoid…
