Economy

Economy

Republicans look to Medicaid work requirements to save taxpayer money in budget bill

6:00pm June 30, 2025

Work requirements for Medicaid are proposed as a way to cut costs in the big budget bill. Studies find they achieve cost savings by kicking off legitimate beneficiaries because of a paperwork burden.

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President Trump To Sign Congressional Resolution That Bars California From Its Electric Vehicle Rules

Senate considers ditching the EV tax credit even earlier than planned

4:26pm June 30, 2025

As the Senate debates the giant tax and spending bill, lawmakers are weighing a Sept. 30 end date for the EV tax credits. The bill still needs to pass the Senate and then go through reconciliation.

23andMe Faces NASDAQ Delisting And Numerous Lawsuits

Judge OKs sale of 23andMe — and its trove of DNA data — to a nonprofit led by its founder

3:54pm June 30, 2025

The DNA data of millions of people who used 23andMe's services won't be sold to a pharmaceutical company. A bankruptcy judge greenlighted the sale of the remnants of the firm, including its wealth of genetic data, to a nonprofit led by co-founder Anne Wojcicki.

President Trump Welcomes Canadian Prime Minister Carney To The White House

Canada ditches digital tax after tariff threat from Trump

12:25pm June 30, 2025

Canada scrapped a digital services tax that would have hit U.S. tech companies such as Google and Amazon after President Trump halted trade talks and threatened higher tariffs on Canadian imports.

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This company wants to be the first to mine the ocean floor, with Trump's help

6:00am June 30, 2025

The Metals Company is applying for permission from the Trump administration to mine for nickel and cobalt beneath a remote patch of the Pacific Ocean. Other countries say the minerals aren't America's to mine.

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Economy

Electric car makers in China are slashing prices in an effort to boost sales

4:17am June 30, 2025

by Sherisse Pham

China's electric car makers are aggressively slashing prices in an effort to boost sales — and a glut of electric vehicles on the market is just part of the problem.

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Canadian prime minister says U.S. trade talks resume after Canada rescinded tech tax

2:01am June 30, 2025

President Trump said Friday that he was suspending trade talks with Canada over its plans to continue with its tax on technology firms, which he called "a direct and blatant attack on our country."

Economy

Tariffs on fireworks may impact the 4th of July

5:20pm June 29, 2025

by Scott Horsley

Fans of fireworks may get a little less bang for their buck this Independence Day. Most fireworks are made in China, which means they're now facing an import tax of at least 30%.

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Here comes the bridal gown tariff

5:00am June 29, 2025

How much extra would you pay to see your dream come true? It's always a big question for wedding-planning couples. Now, there's a new twist courtesy of U.S. trade policy.

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'Kisses yes, Bezos No,' protesters say, as Bezos wedding stirs controversy in Venice

9:13pm June 28, 2025

Protesters denounced the three-day celebrations for the wedding between Jeff Bezos and his wife Lauren Sanchez Bezos as a symbol of rising inequality and disregard for the city's residents.