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New York's Tax on Luxury Second Homes Goes to Court
A judge blocked Mayor Mamdani's second-home surcharge — he appealed the same day. Oral arguments: August 31.
Read »America Lost Jobs in July. The Fight Over Why Has Started.
Employers cut 23,000 jobs last month. The White House sees a boom; economists see a stall.
US and Japan Buy Yen Together for First Time Since 1998
Washington stepped in last Thursday to prop up Japan's yen at a 40-year low. Economists are split on whether it'll hold.
Michigan Can Now Probe Eli Lilly's Insulin Prices
A 4-3 ruling cleared the way to investigate prices that forced patients to ration insulin.
WestJet Walked Out. The Fight Is Over What Counts as Work.
WestJet's 4,400 flight attendants struck Sunday. The fight: whether hours spent on the ground count as work.
Three Fed Hawks Pushed for Rate Hikes. Warsh Said No.
Three Fed officials voted for a rate hike Tuesday — but Fed Chair Kevin Warsh's hold carried 9-3. Bond markets responded by pushing the 30-year yield to a 19-year high.
AI Chip Stocks Are Crashing. Wall Street Is Split on Why.
South Korea triggered an emergency trading halt today as chip stocks crashed globally. Analysts disagree on what it means.
Trump Hits Canada With 50% Tariffs. Now What?
The US cites an 81% collapse in alcohol exports. Canada calls the tariffs a USMCA violation. Both sides have 30 days.
Hollywood's Biggest Merger Is on Hold
A judge froze Hollywood's biggest merger. States say it locks up the market; studios say blocking it helps Netflix.
Trump's Global Tariffs Expire Friday. What Fills the Gap?
The 15% global surcharge expires Friday. Congress hasn't moved to extend it, and USTR has a replacement plan.
US Imposes 25% Tariff on Brazil, Effective July 22
Trump's trade team hit Brazil with 25% tariffs, taking effect July 22. Lula says it's election meddling.
Trump Says the US Gets 20% of All Hormuz Cargo
After declaring the ceasefire over, Trump says the US will charge every ship to use the world's biggest oil chokepoint.
The Fed Named Marc Andreessen to Lead Its AI Panel
Marc Andreessen has $3.4 billion riding on AI. He now co-leads the Fed panel asking whether AI cuts inflation.
Is American Capitalism in Decline?
Wages trail productivity. New firms are disappearing. The U.S. leads in AI. Economists can't agree on the diagnosis.
Trump's New Tariff Law Hits 60 Countries. Nobody Agrees Why.
The Supreme Court killed Trump's tariffs. His replacement hits 60 countries under a law with no rate cap.
Starbucks Is Back on Wall Street. Not With Customers.
A viral video. New fees. A workers' strike. Starbucks looks better on earnings than it does on TikTok.
California Is Voting on a Billionaire Tax
SEIU just put it on the November ballot. Gov. Gavin Newsom is fighting it. Larry Page already left.
The Fed Trump Built Is Signaling Rate Hikes
Kevin Warsh's first meeting ended with half the committee prepared to tighten — the opposite of what Trump wanted.
The Fed Just Threatened a Rate Hike
Warsh's first meeting killed rate-cut hopes — and now half the Fed thinks borrowing costs could go higher.
Fox Is Buying Roku
A $22 billion bet on streaming consolidation — and everyone wants something different from it.