Budget Bill

President Donald Trump‘s ‘Big Beautiful Bill’ recently passed by the Republicans in Congress, could present significant hurdles for Tesla Inc. (NASDAQ:TSLA), potentially stunting the expansion of electric vehicles and renewable energy in the U.S. What Happened: The bill,...

President Donald Trump’s “big beautiful bill” has been approved by the House, marking a significant step towards its potential impact on Americans’ finances. What Happened: The bill, passed on Thursday, is a comprehensive piece of legislation that extends the...

The Republican tax bill, a priority of the Trump administration, could exacerbate wealth inequality in the U.S., according to a report by Oxfam. The non-profit organization argues that the legislation would disproportionately benefit the affluent. What Happened: Oxfam America’s study suggests...

Kevin O’Leary, popularly known for his role in “Shark Tank”, has raised concerns about President Donald Trump‘s “One Big, Beautiful Bill” and its potential impact on small businesses. What Happened: O’Leary expressed his unease about a part of the bill ...

Sen. Elizabeth Warren (D-Mass.) has expressed her disapproval of the Republicans’ late-night voting strategy on President Trump’s controversial legislation, dubbed the ‘Big, Beautiful Bill’. What Happened: On Monday, Warren took to X to voice her concerns about the...

President Donald Trump‘s proposed millionaire tax, which aims to increase the tax rate on income over $2.5 million, is being seen as largely symbolic and unlikely to significantly impact revenue or inequality by experts. What Happened: Howard Gleckman, from the Urban-Brookings Tax Policy ...

The U.S. stock market rallied on Thursday, as traders revised down their expectations for a Fed rate rise in June, after more dovish-than-expected comments by Fed members in the past days. According to Jefferson, the Fed is expected to keep interest rates steady in June in order to...

The House passed the tentative budget deal that was agreed between President Joe Biden and House Speaker Kevin McCarthy (R-Calif) by a 314-117 margin late Wednesday. Commenting on the development, economist Peter Schiff suggested it was now time to focus on real issues. What Happened: “Now...

The U.S. stock market tumbled on Wednesday following the release of the JOLTS report, which showcased an unexpected increase in job vacancies to 10.1 million, surpassing the anticipated 9.375 million. This development has reinforced market speculation of the Federal Reserve enacting another...

Major indices barely budged Thursday following yesterday's monster rally after the Fed announced it will begin tapering. Overall volume was below average which is typical in the final trading days of the year. Next week will be shortened as investors break for Christmas and a week later for new...