News: Economy

President Trump Approves $900 Bonuses for Amtrak Workers

The Trump administration has redirected executive bonuses to provide $900 Christmas checks to over 18,000 Amtrak employees, following Amtrak's success...

President Trump's Tax Policy to Provide Large Refunds in Early 2026

Treasury Secretary Scott Bessent announced tax refunds of $1,000-$2,000 per household, totaling $100-$150 billion, due to President Trump's tax legisl...

Quantitative Easing's Impact on Homeownership for Gen Z

The Federal Reserve's balance sheet expansion may exacerbate homeownership challenges for Gen Z, facing high prices and economic changes....

Luana Lopes Lara Becomes Youngest Self-Made Billionaire

Brazilian entrepreneur Luana Lopes Lara, at 29, has been named the youngest self-made female billionaire, surpassing Taylor Swift and Lucy Guo....

Illinois Maintains State Tax on Tips Despite Federal Exemption

Illinois chooses not to adopt the federal exemption on taxing tips, affecting the state's tipped employees and prompting discussions on tax policy....

Michael and Susan Dell's $6.25 Billion Donation Boosts Trump Accounts for American Children

Tech entrepreneur Michael Dell and wife Susan donate $6.25 billion to the Trump accounts, part of the Invest America initiative, benefiting 25 million...

President Trump Proposes Income Tax Elimination Financed by Tariffs

President Trump suggests replacing federal income tax with tariff revenue, raising questions about the plan's economic feasibility....

September Job Growth Exceeds Expectations Under Trump Administration

The U.S. economy surpassed expectations by adding 119,000 jobs in September, while the unemployment rate rose slightly to 4.4%. This indicates resilie...

President Trump Reduces Tariffs on Key Grocery Imports

President Trump has signed an executive order to eliminate tariffs on essential grocery items, aiming to reduce food costs for American consumers....

Warren Buffett Sells $6 Billion in Stocks, Raises Market Correction Concerns

Warren Buffett's Berkshire Hathaway has sold $6 billion in stocks in Q3, increasing its cash reserves to $382 billion, fueling speculation about a pos...

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