Economy

In less than five months, President Donald Trump has reversed a trend that had accelerated under former President Joe Biden.

Treasury Secretary Scott Bessent defended a key provision of the Trump administration’s One Big Beautiful Bill, saying it would stop foreign governments from siphoning hundreds of billions of dollars in tax revenue from U.S. companies.

Google has extended voluntary buyout offers to employees in several important divisions, including search, ads, and marketing, as part of its ongoing efforts to slash headcount.

LONDON — The United States and China have agreed to a new trade framework aimed at restoring a stalled truce and stabilizing key economic ties. The agreement, reached during two days of talks at Lancaster House in London, includes provisions on critical mineral exports, tariff levels, and Chinese student access to U.S. universities.

The FDA has unveiled a new strategy to expedite the approval process for drugs and medical devices by harnessing the power of AI, while also focusing on improving food safety and rebuilding public trust.

President Donald Trump announced Wednesday that the United States and China have reached a trade agreement, contingent upon his and Chinese President Xi Jinping’s signoff.

Treasury Secretary Scott Bessent testifies before the House Ways and Means Committee on Wednesday, June 11.

U.S consumer prices barely rose at all in May, the fourth straight month of mild inflation and a sign that the Trump administration’s tariffs have not raised prices on American households. The consumer price index, the government’s main inflation indicator,

LONDON—The marathon trade talks between the U.S. and China ended before midnight on Tuesday, bringing to an end the second day of talks that had begun nearly 14 hours earlier. “We have reached a framework to implement the Geneva consensus

Treasury Secretary Bessent left the trade talks, which now continue with the U.S. side led by Commerce Secretary Lutnick and U.S. Trade Representative Greer.

Small Business Administration (SBA) Administrator Kelly Loeffler on Monday called on Gov. Gavin Newsom (D-CA) to request a disaster declaration with the agency so the SBA can provide emergency assistance to small businesses harmed by the riots across Los Angeles.

Americans are not as interested in purchasing electric vehicles (EVs) as they once were, according to an AAA poll.

Trade negotiations on Tuesday have gone on for much longer than expected.

June 10 (UPI) — Paramount Global is making another cut into its U.S. workforce by 3.5% in the next round of layoffs.

Mark Zuckerberg is personally assembling a team of experts to achieve artificial general intelligence (AGI) in a move to accelerate Meta’s AI development.

Milan Kovac, the head of Tesla’s ambitious Optimus robot project, has departed the company after a decade-long tenure. This is a major blow to Elon Musk’s plans for the company, which hypes up its robot and AI plans as its EV sales flounder globally.

LONDON — High-level trade negotiations between the United States and China resumed on Tuesday, as both sides seek to ease tensions over technology exports and critical mineral shipments.

LONDON — High-level trade negotiations between the United States and China will continue into a second day on Tuesday, as both sides seek to ease tensions over technology exports and critical mineral shipments.

The rare earths crisis was always going to arrive eventually. The surprise is not that it happened, but how little we did to prepare.

President Donald Trump holds a roundtable on investing in America on Monday, June 9.

Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent, and Trade Representative Jamieson Greer met with high-level Chinese officials in London on Monday to seek a resolution to the trade dispute between the world’s two largest economies.

A group of prominent lawyers with close ties to Big Tech companies are urging the federal judge presiding over the Google search antitrust case to exercise caution when imposing remedies against Google’s online monopoly.

The Labour government completed an embarrassing u-turn on its cuts to the winter fuel aid scheme to keep the elderly warm following pressure from Nigel Farage’s Reform UK party.

LONDON — American and Chinese delegations arrived at Lancaster House in London on Monday morning to begin a new round of trade negotiations, with rare-earth minerals and advanced technology at the center of the talks. The meeting follows a phone conversation last week between President Donald Trump and President Xi Jinping that helped pave the way for the diplomatic thaw.

NEW YORK (AP) — Warner Bros. Discovery will split into two public companies by next year, calving off its cable operations from its streaming service.

Reform UK leader Nigel Farage has called for the re-opening of coal mines in Wales to help revitalise Britain’s anemic steel industry in yet another shot across the bow against Sir Keir Starmer’s government.

Secretary of the Treasury Scott Bessent said Sunday that California Gov. Gavin Newsom (D) was threatening “to commit criminal tax evasion,” quoting a story from Breitbart News that noted Newsom’s threat Friday.

Every American deserves the chance to retire with dignity and security. But for too many families— especially in rural and working-class communities—that dream feels out of reach.

President Joe Biden’s deputies massively accelerated the transfer of U.S. white-collar jobs to foreign graduates, according to the Department of Homeland Security.

The feud between President Donald Trump and Elon Musk is not affecting lawmakers when it comes to delivering on the “big, beautiful bill,” Sen. Markwayne Mullin (R-OK) said during an appearance on Breitbart News Saturday.

“Buy now, pay later” giant Klarna is notorious for mercilessly replacing human employees with AI. But the fintech company understands the limits of artificial intelligence — he says his company will always offer access to human customer service agents as a “VIP thing.”

Reddit, the popular social media platform, has filed a lawsuit against AI startup Anthropic, alleging breach of contract and unfair business practices. The self-described “frontpage of the internet,” a notorious left-wing echo chamber, claims Anthropic has been vacuuming up user posts to train its AI systems.