General Motors said Tuesday it will move production of a gas-powered SUV to an assembly plant in Michigan and add manufacturing of pickup trucks in its home state. “GM will begin production of the Cadillac Escalade, as well as the Chevrolet Silverado and GMC Sierra light duty pickups at Orion Assembly in early 2027 to…
Several cryptocurrency regulation bills backed by President Donald Trump on Tuesday failed to clear a key procedural hurdle in the House of Representatives, dealing a major blow to the crypto industry. The final vote on the rule was 196-223, with 13 Republicans voting with Democrats to block the procedural motion. The measure cannot move forward…
President Donald Trump on Tuesday said he has reached a deal with Indonesia, a week after he threatened to slap a 32% tariff on the southeast Asian country’s U.S. exports. Trump in a Truth Social post called it “great deal, for everybody,” and said it followed direct dealings with Indonesian President Prabowo Subianto. He provided…
Customers line up at the check out booth on April 18, 2025 at a Costco branch in Niantic, Connecticut. Robert Nickelsberg | Getty Images The annual inflation rate ticked higher in June, in line with expectations, as lower prices at the gasoline pump somewhat offset higher prices at the grocery store. Economists said they expect…
The U.S. Capitol building in Washington, D.C., U.S., June 27, 2025. Elizabeth Frantz | Reuters It’s “Crypto Week” in Washington. The cryptocurrency industry is set to notch a major win this week if the House can pass two bills that would set up a long-lobbied-for regulatory framework for digital assets. The stablecoin bill, known as…
The tax-and-spending bill formerly known as the “One Big, Beautiful Bill” has been passed by the House and Senate and signed into law by President Donald Trump. But as the massive piece of legislation comes into force in the coming year, Americans will begin to see a host of changes to tax policy stemming from…
Former New York governor and New York City mayoral candidate Andrew Cuomo speaks during his primary election night rally in New York City, U.S., June 24, 2025. Kylie Cooper | Reuters Andrew Cuomo launched an independent bid to become mayor of New York City on Monday, setting up a rematch in November with frontrunner Zohran…
Elon Musk speaks during a press event with U.S. President Donald Trump (not pictured), at the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | Reuters Tesla CEO Elon Musk was not in a Miami courtroom Monday, but his name loomed large as a jury was selected for the federal trial of…
Construction on the Marriner S. Eccles Federal Reserve building in Washington, DC, US, on Wednesday, June 25, 2025. Al Drago | Bloomberg | Getty Images The Federal Reserve has brought in its inspector general to review a building expansion that has drawn fire from the White House, according to a source familiar with the issue….
National Economic Council Director Kevin Hassett speaks to reporters at the White House in Washington, D.C., U.S., April 14, 2025. Kevin Lamarque | Reuters National Economic Council Director Kevin Hassett said Sunday that whether the Trump administration has the authority to fire Federal Reserve Chair Jerome Powell is “being looked into.” “But certainly, if there’s…
