Business
House Republicans Wednesday moved forward with a tax bill to cut billions of dollars in climate-related funding, reduce regulations, and prematurely phase out clean energy tax credits as part of President Trump’s, “One, Big, Beautiful Bill.” The heart of the Republican budget legislation targets key climate and energy provisions of the Inflation Reduction Act. Cuts…
(Reuters) -U.S. authorities are preparing to announce one of the biggest cuts in banks’ capital requirements in over a decade, the Financial Times reported on Thursday. Regulators were in the next few months poised to reduce the supplementary leverage ratio (SLR), the newspaper reported, citing several people familiar with the matter. Reuters could not immediately…
People shop at a Walmart in Rosemead, California, on April 11, 2025. Frederic J. Brown | Afp | Getty Images Walmart will report its quarterly earnings before the bell on Thursday, as investors and economists gauge the strength of the U.S. consumer and the impact of higher tariffs on the retail industry. Here’s what Wall…
CoreWeave (CRWV) stock fell as much as 7% after company executives blew past Wall Street expectations for capital expenditures as the Nvidia-backed (NVDA) AI data center company burns through cash to buy up AI chips. CoreWeave executives said in a call that the company expects to spend $20 billion to $23 billion in 2025, more…
The U.S. Justice Department is investigating UnitedHealth Group for potential criminal fraud in its Medicare Advantage business, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Source link
More than a dozen House Republicans want changes to the Ways and Means Committee’s Inflation Reduction Act rollbacks. Source link
Many people are mentally ready to start receiving Social Security checks long before they become eligible for them at 62. But wanting checks and actually applying for them are two separate things. If you want to get the most out of the program, there are a few key steps you need to take before you…
NEW YORK (AP) — The chair of Tesla sold more than $230 million of company stock since Elon Musk’s endorsement of Donald Trump triggered boycotts and protests against his cars, sending its profits and stock price plunging. More than half of Robyn Denholm’s cash haul came from sales in the first four months this year…
(Reuters) -The U.S. Consumer Financial Protection Bureau is scrapping a proposal issued under former President Joe Biden that would have sharply limited the sale of Americans’ private information by “data brokers,” according to a Federal Register notice issued Wednesday. The agency also yanked … Source link
President Donald Trump’s administration has changed the direction of US AI policy toward two oil-rich states in the Middle East. It’s paved the way for Saudi Arabia and the United Arab Emirates to buy chips from Nvidia Corp. and Advanced Micro Devices Inc. that are considered state-of-the-art when it comes to creating and running artificial…