Under Trump, U.S. an active investor at scale not seen outside major crises

Under Trump, U.S. an active investor at scale not seen outside major crises

The Trump administration has taken direct stakes in companies on a scale rarely seen in the U.S. outside wartime or economic crisis, pushing a Republican Party that traditionally championed free-market capitalism to embrace state intervention in industries viewed as important for national security. Japan’s Nippon Steel agreed to give President Donald Trump a “golden share”…

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China AI action plan

China AI action plan

Chinese Premier Li Qiang spoke at the opening of the World Artificial Intelligence Conference in Shanghai on Saturday, July 26, 2025. Bloomberg | Bloomberg | Getty Images SHANGHAI — The tech race between the world’s two largest economies just intensified. China on Saturday released a global action plan for artificial intelligence, calling for international cooperation…

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Student loan forgiveness tax and Trump’s ‘big beautiful bill’

Student loan forgiveness tax and Trump’s ‘big beautiful bill’

Luis Alvarez | Digitalvision | Getty Images Student loan forgiveness may be taxable again The American Rescue Plan Act of 2021 made student loan forgiveness tax-free at the federal level through the end of 2025. Trump’s “big beautiful bill,” while making other specific kinds of student loan relief tax-free, did not extend or make permanent that broader provision. In theory,…

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