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After Opposing California Billionaires’ Tax, Newsom Calls for Federal Billionaires’ Tax
Under conventional definitions, ’the notion that billionaires pay lower tax rates than ordinary workers simply does not hold up,' an economist said.
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Chinese Battery Firm Loses Ohio Incentives for Failing to Meet Job, Investment Targets
Ohio officials have revoked tax incentives for Semcorp, a Chinese battery manufacturer, after it failed to meet its commitments.
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Appeals Court Declines to Lift Biden-Era Soot Limits for Coal-Fired Power Plants
A federal appeals court upheld the soot rules on coal plants in a blow to the Trump administration’s EPA’s deregulatory agenda.
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Hyundai Recalls 96,310 Vehicles in US
In May, NHTSA announced Hyundai was recalling 421,078 vehicles that could have faulty forward collision avoidance systems.
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Xi’s Summit Promise of Openness Is Giving Way to Greater Control
Only weeks after the summit with the United States, Beijing is tightening trade and market access—but he’s not the only one doing so.
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Novak Djokovic Joins Private Equity Firm General Atlantic as Global Strategic Adviser
The 24-time Grand Slam champion will help General Atlantic expand into the health and wellness sector.
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Wall Street Review: Tech Stocks Slide in Volatile Week Amid Growing Concerns Over AI Trade
Investors directed funds into other sectors rather than pulling them out of equities altogether.
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Most Mortgage Borrowers Face Hidden Costs From Not Shopping Around, Report Finds
Borrowers who have taken out loans since 2022 are losing thousands of dollars a year, according to Bankrate.
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Apartment Size by City: What $1,500 in Rent Gets You Across the US
McAllen, Texas, offers the nation’s largest living spaces available for a $1,500 monthly rent.
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US Airlines Reduce Seats on Some Major Routes During July 4 Travel Period
Despite strong holiday travel demand, aviation intelligence firm IBA says airlines, especially low-cost carriers, are focusing on margins rather than volume.
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Trump Threatens 100 Percent Tariff Over Digital Services Tax
The new tariff would be imposed immediately, the president confirmed.
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Meta Launches New AI-Powered ‘Meta Glasses’ Line
Meta introduced a new line of its AI-powered smart glasses that start at a lower price of $299.
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Beijing Demands Still More Economic Control
Beijing so fears technological competition that it has clamped down more than ever on outbound investments and overseas Chinese business arrangements.
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NVIDIA CEO Says Using Smuggled AI Chips for Data Centers Is a ‘Dead End’
Jensen Huang’s comments come amid a long-running U.S. effort to restrict China’s access to advanced computing chips and systems containing them.
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At ‘Nuclear Woodstock,’ Developers Celebrate Rapid Advancements in Reactor Design
With third novel reactor set to achieve criticality and meet President Donald Trump’s July 4 challenge, the future is now for the U.S. nuclear industry.
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US Goods Trade Deficit Jumps Sharply on War-Fueled Surge in Imports
A wider trade gap could be a net drag on U.S. growth prospects in the second quarter.
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Gas Prices Sliding Below $4 Lift US Consumer Sentiment in June
Weaker confidence and renewed price pressures have not stopped consumers from opening their wallets.
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Europe Warned of Energy Supply Disruptions Following Its Methane Regulations
The regulations can lead to ‘significant negative supply and price impacts,’ four nations warned the EU.
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