The U. S. and EU have decided to postpone a planned 50% tariff on EU imports. This change came after a conversation between President Donald Trump and European Commission President Ursula von der Leyen. Trump mentioned that the delay was requested by von der Leyen. She wanted more time to negotia
The U. S. Mint is facing a peculiar challenge: producing coins that cost more to make than their actual value. This issue has sparked conversations about the future of certain coins, especially the penny. The penny, for instance, costs nearly 4 cents to produce and distribute. This is a significant
A new player in the personal finance game is making waves. Monarch, a startup focused on helping people manage their money, has just secured a whopping $75 million in funding. This cash injection is one of the biggest for a consumer finance tech company this year. The funding values the company at $
The electric vehicle industry is buzzing with news of Tesla's upcoming budget-friendly car. This new model is set to hit the market in the first half of 2025, offering a significant price drop compared to the current base Model 3. The new vehicle is expected to be priced at around $30, 000, includin
In April, the housing market took a hit. Sales of existing homes slowed down to a pace not seen since 2009. This drop happened despite a growing number of jobs in the economy. The slowdown is due to high interest rates and a lack of confidence among buyers. The National Association of Realtors repor
The U. S. Mint has taken a significant step towards phasing out the penny. The final order of penny blanks has been placed, and once those are used up, production will cease. This decision is expected to save a substantial amount of money each year by reducing material costs. The penny has long been
In the spring of 2020, the United States faced an unprecedented health crisis that sent shockwaves through the economy and put millions of lives at risk. Lawmakers from both major political parties joined forces to pass a massive and costly emergency response. This effort helped prevent long-term da
The White House has been a hotbed of market-moving news lately. The latest worry is the growing US debt. This is not a new issue, but it has taken center stage recently. The President's tax plan is expected to add a significant amount to the national debt. Estimates suggest it could be between 3
The idea of not taxing tips has been around for a while. It was a popular slogan in a recent presidential campaign. It was short and easy to remember. However, the reality of implementing such a policy is far more complicated. The Senate recently passed the No Tax on Tips Act. This act is part
A recent surge in government borrowing has investors on edge. This has led to a sharp drop in U. S. bond prices and a tumble in stock markets. The S&P 500 fell by 1. 6%, the Dow Jones Industrial Average dropped by over 800 points, and the tech-heavy Nasdaq declined by 1. 4%. Investors are nervous ab
