Category: News
Trump tax bill brings some big changes to 529 plans
Key Points Overview The Trump tax bill, passed by the House and expected to be signed into law, introduces several updates to 529 education savings [more…]
Gilts rally after Starmer says Reeves to remain chancellor and backs fiscal rules
Key Points Background On July 2, 2025, Keir Starmer’s statement calmed market fears, leading to a rally in gilts. This followed a period of volatility [more…]
South Korea Puzzles Over US Trade Demands as Deal Still Elusive
Key Points Background South Korea, a key US ally and major exporter of automobiles, semiconductors, and batteries, is negotiating a trade deal to avoid higher [more…]
US Lifts Chip Design Software Curbs on China in Trade Deal
Key Points Background The US and China have been engaged in a trade war, with restrictions on technology exports, including chip design software, being a [more…]
Trump’s immigration crackdown is hurting sales of America’s most popular beer
Key Points Background President Donald Trump’s immigration policies in 2025 have included aggressive measures such as workplace raids and mass deportation campaigns, targeting undocumented immigrants [more…]
Beijing Braces for US Trade Deals That Aim to Shut Out China
Key Points Background The US is actively negotiating bilateral trade agreements with various countries, aiming to reduce reliance on China and address perceived unfair trade [more…]
Tesla’s energy storage business gets sucked into the company’s downward spiral
Key Points Recent Performance Tesla’s energy storage business has seen a decline in deployments, with 9.6 GWh installed in Q2 2025, down from 10.4 GWh [more…]
OpenAI condemns Robinhood’s ‘OpenAI tokens’
Key Points Background OpenAI has publicly addressed Robinhood’s initiative to offer “OpenAI tokens” to European users, clarifying that these tokens do not represent direct ownership [more…]
House Republicans Clear Critical Hurdle in Trump Tax Bill Debate
Key Points Background On July 3, 2025, House Republicans cleared a crucial procedural hurdle, voting 219-213 to advance President Donald Trump’s sweeping tax-cut and spending [more…]
Trump tariffs live updates: Trump announces Vietnam deal as US-China trade tensions ease
Key Points Vietnam Trade Deal On July 2, 2025, President Donald Trump announced a preliminary trade deal with Vietnam, imposing a 20% tariff on Vietnamese [more…]