Feb. 6 marked the deadline for federal workers to accept the U.S. Office of Personnel Management (OPM) and the Trump Administration’s offer of a buyout. These buyouts, or the option of “deferred resignation,” were offered via email from the OPM to over two million federal employees. All federal workers were given the choice of a…
On Friday’s episode of The Excerpt podcast: President Donald Trump made another major move on tariffs Thursday. USA TODAY World Affairs Correspondent Kim Hjelmgaard takes a look at the impact from President Trump’s executive order to freeze spending, pending a review, at the U.S. Agency for International Development. RFK Jr. was sworn in Thursday as Secretary of Health and…
U.S. stocks were mostly unchanged at the open as investors weighed hot inflation reports earlier in the week, the postponement of reciprocal tariffs and this morning’s weak retail sales report. Consumers sharply curtailed their spending in January, indicating a potential weakening in economic growth ahead, according to the Commerce Department. Retail sales slipped 0.9% in January…
The ban was proposed due to national security concerns regarding TikTok’s Chinese ownership. The future of TikTok in the U.S. is uncertain, as parent company ByteDance has 50 days to sell its U.S. assets. Even if a sale occurs, the app may look different to American users due to potential changes in algorithms and terms…
U.S. stocks edged up at the open, trying to shake off renewed inflation concerns and expectations for President Donald Trump to announce reciprocal tariffs on Thursday. Overall wholesale inflation, or a measure of prices businesses pay for goods and services, rose more than expected in January, but the core rate without energy and food was…
Republican Senator John Barrasso introduced a bill to eliminate the $7,500 tax credit for electric vehicles. The bill aims to stop subsidizing what Barrasso calls “luxuries of the nation’s elite” and curb Chinese influence in the EV market. A member of Republican leadership in the U.S. Senate on Wednesday introduced legislation to get rid of…
When news broke Wednesday that inflation and food prices went up in January, President Donald Trump wasted no time taking personal responsibility and vowing to focus solely on making life better for all Americans. HAH! Just kidding. He posted “BIDEN INFLATION UP!” on social media and then presumably went back to planning the Trump-branded hotel…
Apple Maps joined Google Maps in renaming the Gulf of Mexico to the Gulf of America Other countries, including Mexico, retain the Gulf of Mexico name The Associated Press claims it was denied entry to a federal press event for not using the new name for the gulf. With a few strokes of his pen,…
The S&P 500 ended down on Wednesday after a hotter-than-expected U.S. inflation reading added to worries that the Federal Reserve would not cut interest rates anytime soon, while CVS Health and Gilead Sciences rallied after upbeat quarterly reports. Nvidia NVDA.O and Amazon AMZN.O dipped more than 1%, with the two AI computing heavyweights weighing on the S&P 500 .SPX. U.S. consumer…
WASHINGTON − President Donald Trump says he expects to meet with Russian President Vladimir Putin in Saudi Arabia in the near future to discuss an end to his nation’s war on Ukraine. The exact date of the meeting hasn’t been set, Trump said in the Oval Office. Ukraine wasn’t invited. A ceasefire could also be…