Watch: Elon Musk says he is “disappointed” with Trump’s “big, beautiful bill”, in interview with CBS Sunday Morning Elon Musk has criticised one of the signature policies of Donald Trump, marking a break from the US president who he helped to win re-election in 2024. Last week, the US House of Representatives narrowly passed what…
Solar power CEOs believed the billions of dollars that they invested in Republican congressional districts would ultimately shield their industry from President Donald Trump’s threats to end federal support for renewable energy. But they may have been disastrously wrong. The tax bill that House Republicans passed this week is a “worse than feared scenario” for…
Oil prices held near two-week highs in early trading on Wednesday, supported by an agreement between the U.S. and China to temporarily lower their reciprocal tariffs and a falling U.S. dollar. Imaginima | E+ | Getty Images A protracted slump in crude prices has ramped up the pressure on Big Oil’s commitment to allocate cash…
House Republicans have passed a sweeping multi-trillion dollar tax breaks package, a narrow victory for President Donald Trump and House Speaker Mike Johnson after weeks of negotiations with conservative hold-outs. Trump’s “big, beautiful bill” passed with a vote of 215 votes to 214, with two Republicans joining Democrats to oppose it and one voting present….
A budget bill, long touted by Donald Trump as the “big, beautiful bill” hit a roadblock on Friday when lawmakers from the president’s own party voted against it in congress. Five Republicans joined all Democrats in delivering a stunning setback to President Trump’s domestic agenda, demanding deeper budget cuts. Trump, who has muscled through close…
The Panama Canal has spent the past few years battling extreme weather, with the El Niño phenomenon and severe drought leading to a water-level crisis. Now, it’s President Trump’s trade war that is threatening the global trade gateway. A critical passage for U.S. East Coast bound ocean freight container traffic, the Panama Canal is facing…
US Treasury Secretary Scott Bessent speaks during the Institute of International Finance (IIF) Global Outlook Forum in Washington, DC on April 23, 2025. Jim Watson | Afp | Getty Images Treasury Secretary Scott Bessent on Wednesday said that “there is an opportunity for a big deal here” on trade issues between the United States and…
There is an opportunity for a “big deal” between the US and China on trade, America’s Treasury Secretary Scott Bessent has said. Asked about an upcoming meeting between the countries, Bessent said it would be an “incredible opportunity” to strike an agreement, if China was “serious” on making its economy less dependent on manufacturing exports….
Treasury Secretary Scott Bessent said Tuesday the U.S. holds a substantial advantage over China as the two nations exchange threats in a burgeoning trade war. “I think it was a big mistake, this Chinese escalation, because they’re playing with a pair of twos,” Bessent said during an interview on CNBC’s “Squawk Box.” “What do we…
Crocs are cool again. But the footwear company’s comeback story is more than just a fashion statement. The iconic clog was a staple of early 2000s fashion. However, the brand’s profitability eroded in the years following the Great Recession as it struggled to expand internationally. From 2008 to 2016, there were four years where the…
