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Economy

Tesla Teases Major Announcement With Cryptic Videos Ahead of Tuesday Reveal

Tesla released mysterious teaser videos ahead of a Tuesday announcement, sparking speculation of a cheaper Model Y.

U.S. Businesses in Record Agreements with Foreign Buyers

The Department of Commerce’s International Trade Administration announced that American contractors have a record number of agreements with foreign government buyers.

Trump Economy Mortgage Rates Drop as Investment Surges

The Trump administration is touting a major economic resurgence as a result of its renewed pro-growth, pro-energy, and pro-investment agenda. At a press conference this week, White House Press Secretary Karoline Leavitt highlighted key indicators showing that the U.S. economy is rebounding strongly under President Donald Trump’s leadership—just months after he returned to office.

California Scrambles to Keep Oil and Gas Companies From Leaving

California passes law allowing 2,000 new oil wells per year in Kern County to stop the oil and gas exodus.

IRS Releases Guidelines for ‘No Tax on Tips’

The Treasury Department and IRS released information surrounding the President Trump-backed policy of "no tax on tips."

Olive Garden Portions Shrink as Chain Tests New Menu Strategy

Darden Restaurants is rolling out a new test menu that trims Olive Garden portions at 40% of its locations, offering smaller servings at lower prices.

Federal Reserve Cuts Interest Rates

The Federal Reserve cut interest rates on Wednesday for the first time in 2025.

Housing Market Crisis Crushing the American Dream, Expert Warns

Real estate executive Dan Coakley warns the housing crisis is threatening the American Dream, with rising costs and low supply.

Tariff Revenue Reaches New High

Treasury Secretary Scott Bessent announced that tariff revenues exceeded $31 billion in August, a new high.

All Options on the Table for Russia Sanctions, Bessent Warns

Treasury Secretary Bessent warns all options are on the table as President Trump’s administration considers new sanctions against Russia.

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