U.S. President Donald Trump is reportedly considering pulling the U.S. out of NATO, in the latest threat to America’s allies after their reluctance to help reopen the Strait of Hormuz. In an interview with The Telegraph newspaper, the president described the 77-year-old defensive alliance as a “paper tiger” and, when asked if he would reconsider…
Rep. Eric Swalwell (D-CA) Yuri Gripas | Reuters California Rep. Eric Swalwell, a Democrat running for governor, has denied allegations that he sexually assaulted a woman twice, including when she worked for him. The San Francisco Chronicle reported Friday that a woman said Swalwell sexually assaulted her in 2019 and 2024. The newspaper reviewed text messages about the alleged 2024 assault and…
Energy ministers from the Group of Seven nations will hold a virtual meeting Tuesday morning to discuss a possible release of oil reserves to address the supply disruption triggered by the Iran war, sources told CNBC. G7 finance ministers met Monday to discuss a release of reserves but did not make a decision. The G7…
U.S. President Donald Trump and Apple CEO Tim Cook shake hands on the day they present Apple’s announcement of a $100 billion investment in U.S. manufacturing, in the Oval Office at the White House in Washington, D.C., U.S., August 6, 2025. Jonathan Ernst | Reuters Apple announced a significant expansion of its American Manufacturing Program…
Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Match Group beat Wall Street’s estimates on Tuesday but issued weak guidance as it invests in new artificial intelligence initiatives to turn around declining user growth at Tinder. Shares popped 12% during extended trading. The stock closed 8% lower on Tuesday. Here’s how the company…
Investors are concerned about the fates of multiple experimental drugs for hard-to-treat diseases following a string of recent rejections from the U.S. Food and Drug Administration. The FDA in the past year has denied or discouraged the applications of at least eight drugs, according to RTW Investments, including a gene therapy for Huntington’s disease from…
A customer shops for a purse in a Macy’s store on March 25, 2025 in Austin, Texas. Brandon Bell | Getty Images News | Getty Images The impact of President Trump’s tariffs on prices throughout the economy is expected to increase over the summer. At U.S. department store chains including Macy’s, Nordstrom, and Dillard’s, the…
Key tax credits that reduce the cost of Affordable Care Act health insurance coverage for millions of Americans looked likely to expire by the end of the year after House Speaker Mike Johnson said Tuesday that there would be no vote on extending those subsidies this week. The House is not in session next week,…
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,…
The U.S. stock market’s powerful 2025 rally still has room to run next year, according to UBS, which says earnings growth, easier monetary policy and clearer policy could keep equities climbing into 2026. Strategists at the bank argue that market gains have been driven by profits rather than frothy valuations. Corporate earnings have continued to…
