Donald Trump’s “big beautiful” tax and spending bill just passed by the U.S. House of Representatives guts clean energy incentives for businesses and households and ends them sooner, analysts say.
Category: 27 May 2025
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‘BYE, ABE. U.S. TREASURY WILL STOP MAKING PENNIES
The U.S. treasury will make no more pennies after it uses up the final batch of blank disks it ordered this month.
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LOANS TO NON-BANK FINANCIAL INSTITUTIONS SPARK CONCERNS
U.S. banks are loaning more and more money to private credit lenders and private equity firms that can use the money for high-risk or speculative investments, leading regulators to worry about the growing tie between the two sectors.
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U.S. HOME SALES SLOWED AGAIN IN APRIL
In April, sales of existing homes slipped 0.5 percent from March to four million units, marking the slowest April since 2009 when the Great Recession was underway, the National Association of Realtors (NAR) reported. April’s result was 2 percent below that in April 2024.
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HOW WILL THE BALLOONING U.S. DEFICIT AFFECT YOU?
The “big beautiful” tax cut proposal working its way through Congress will give U.S. households more money, although anywhere from 60 to more than 80 percent will flow to the richest 1 percent of Americans, various analysts have estimated.
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U.S. DOLLAR’S VALUE DROPS AGAINST OTHER WORLD CURRENCIES
Last week, the U.S. dollar’s value declined the most in any week since Donald Trump’s 2 April “Liberation Day” tariff announcement.
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COLLEGE GRADUATES IN THE U.S. ENTER A TOUGH JOBS MARKET AMID CONCERNS ABOUT THE WIDER LABOR MARKET
With graduation season in full swing, graduates across the U.S. have been having difficulty landing their first jobs out of school—from entry-level positions to even internships, which economists say could be a signal of a softening labor market.
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ONE BIG CLUB: WITKOFF’S LITTLE BOY AIMS TO CLEAN UP IN CRYPTO
Zach Witkoff, the 32-year-old son of U.S. President Donald Trump’s special envoy Steve Witkoff, recently announced the purchase of $2 billion in stablecoins from World Liberty Financial, a company that includes Trump’s older sons in its management structure, by Tahnoon bin Zayed al Nahyan, the billionaire sheik who met five months earlier with his father at a cryptocurrency conference in Abu Dhabi, according to a report.
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TRUMP’S PRIVATE CLUBS SEE BIG PROFITS AS THEY BECOME FAVORED VENUE FOR DONORS, ‘FAVOR SEEKERS’: REPORT
U.S. President Donald Trump’s private clubs have seen a jump in profits since he took office and are demanding more to join and have become the favorite venues of those seeking influence and stronger connections to the president, according to a report.
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TRUMP CONFRONTS SOUTH AFRICAN PRESIDENT OVER POSSIBLE ‘GENOCIDE’ OF WHITE FARMERS WHILE GREENLIGHTING ISRAEL’S GENOCIDE IN GAZA
President Donald Trump met with South Africa’s President Cyril Ramaphosa in the White House last week and raised what he saw as concerns that white farmers in the African nation were being killed and “persecuted” and forced to flee to the U.S.
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