Tag: Business
Supreme Court sides with Catholic Charities in case over unemployment taxes
WASHINGTON — The Supreme Court says a Catholic charity in Wisconsin doesn’t have to pay unemployment taxes in one of a set of religious-rights cases the justices are considering this term. The Thursday ruling comes in a case filed by the Catholic Charities Bureau. The organization says the state violated the First Amendment’s religious freedom…
To avoid blackouts, Trump admin keeps another aging power plant online through summer
HARRISBURG, Pa. — The U.S. Department of Energy has ordered another power plant, this time an oil and gas plant in Pennsylvania, to keep its turbines running through the hottest summer months as a precaution against electricity shortfalls in the 13-state mid-Atlantic grid. The department’s order to the grid operator, PJM Interconnection, regarding the Eddystone…
Supreme Court won’t hear challenge to Maryland assault weapons ban
WASHINGTON — WASHINGTON (AP) — The Supreme Court declined on Monday to hear a challenge to a state ban on assault weapons, semiautomatic rifles that are popular among gun owners and have also been used in multiple mass shootings. The justices turned down a case against a Maryland law passed after the 2012 shooting at…
China blasts US for its computer chip moves and for threatening student visas
TAIPEI, Taiwan — China blasted the U.S. on Monday over moves it alleged harmed Chinese interests, including issuing AI chip export control guidelines, stopping the sale of chip design software to China, and planning to revoke Chinese student visas. “These practices seriously violate the consensus” reached during trade discussions in Geneva last month, the Commerce…
Can Trump fix the national debt? Republican senators, many investors and even Elon Musk have doubts
WASHINGTON — President Donald Trump faces the challenge of convincing Republican senators, global investors, voters and even Elon Musk that he won’t bury the federal government in debt with his multitrillion-dollar tax breaks package. The response so far from financial markets has been skeptical as Trump seems unable to trim deficits as promised. “All of…
Understanding the market – Twin Cities
Edward Lotterman Bonds are in the news. You may have read that Congress is pushing through a Big Beautiful Bill that will require the U.S. to borrow even more money, via issuing Treasury bonds, to fund the larger and ever-growing U.S. deficit. Japan is struggling with bonds that make up its own large national debt….
Understanding the market – Twin Cities
Edward Lotterman Bonds are in the news. You may have read that Congress is pushing through a Big Beautiful Bill that will require the U.S. to borrow even more money, via issuing Treasury bonds, to fund the larger and ever-growing U.S. deficit. Japan is struggling with bonds that make up its own large national debt….
Pride events face budget shortfalls as US corporations pull support ahead of summer festivities
SAN FRANCISCO — Many U.S. corporations this year stopped supporting Pride events that celebrate LGBTQ+ culture and rights, causing hundreds of thousands of dollars in budget shortfalls ahead of the summer festivities and raising questions about corporate America’s commitment to the cause. The moves come as President Donald Trump has shown antipathy for trans protections…
What is the Court of International Trade? And why can it strike down Trump’s tariffs?
WASHINGTON — A little-known federal court threw a giant monkey wrench into a foundational part of President Donald Trump’s economic agenda by striking down most of the sweeping tariffs he has imposed since taking office. The Court of International Trade, based in New York, on late Wednesday said that Trump had overstepped his authority by…
Trump administration urges federal agencies to cut contracts with Harvard
The Trump administration is asking government agencies to cancel roughly $100 million in remaining federal contracts with Harvard, the latest escalation in an ongoing clash with the prestigious university. In a letter on Tuesday, first reported by the New York Times, the General Services Administration directs agencies to conduct a review, terminate contracts where possible,…