Business
U.S. suspends Microsoft, Adobe and six outsourcing firms from green card program
The Labor Department suspended Microsoft, Adobe, Cognizant, Infosys, Tata and others from the PERM green card program amid H-1B visa fraud investigations.
Category
Business
Earnings, rate decisions, and trade rules are reported from the filings and the releases, and any forecast is attributed to the person making it. Each story asks what the numbers say, who feels them, and what comes next.
Business
White House Claims China Soybean, Rare Earth Deals After Trump-Xi Summit
Trump administration touts new trade agreements with China on soybeans and critical minerals following president's meeting with Xi Jinping, though details differ.
Business
Trump Donor CEO Uses Tariffs to Crush Quartz Competitors
Cambria CEO Marty Davis, a Trump donor, successfully lobbied for quartz tariffs that competitors say destroy jobs and raise prices for homeowners.
Business
Hyundai's Top US Lobbyist Exits After One Year Amid Trump Tariff War
Hyundai Motor Group's chief US lobbyist departs after just one year as the South Korean automaker faces punishing tariffs and policy uncertainty under Trump.
Business
Oil Surges 4% as Trump Rejects Iran Ceasefire Response — Asian Markets Mixed
Oil prices jumped over 4% Monday after Trump rejected Iran's ceasefire response, sending mixed signals through Asian markets as Wall Street hit new records.
Business
Trump Tariff Refunds Flow as Feds Process $166B in Claims
Federal agencies quietly launched a working refund process for Trump-era tariffs after Supreme Court ruling, with 330,000 importers eligible for $166B in refunds.
Business
Trade Court Strikes Down Trump's 10% Tariffs — White House Must Issue Refunds
U.S. Court of International Trade rules 2-1 that Trump's global 10% tariffs are unlawful, orders refunds for Washington state and businesses that sued.
Business
Powell Breaks 113 Years of Fed Precedent — Stays on Board After Chair Term
Jerome Powell defies tradition by remaining on Federal Reserve board until 2028 after stepping down as chairman, citing institutional independence concerns.
Business
Trump Tariff Refunds Begin May 11 — Treasury Owes Businesses $166 Billion
First IEEPA tariff refunds launch May 11 after Supreme Court struck down Trump's duties. Treasury owes $166 billion to importers through new CAPE portal system.
Business
Senate Banking Committee Set to Vote on Warsh for Fed Chair as Powell Era Ends
The Senate Banking Committee votes Wednesday on Kevin Warsh's nomination to replace Jerome Powell as Fed chairman, with rates expected to hold steady.
Business
US Sanctions China's Second-Largest Teapot Refinery for Iran Oil Deals
Treasury targets Hengli Petrochemical refinery, claiming it generated hundreds of millions for Iran's military through crude oil purchases from Tehran.
Business
Oil Hits $106 as Trump Seals Hormuz Strait — Iranian Ships Challenge Blockade
Brent crude tops $106 per barrel as President Trump orders Navy to control all Strait of Hormuz traffic while Iran seizes foreign vessels in escalating standoff.
Business
Trump Pushes Private Equity, Crypto Access in 401(k)s Despite Risk Warnings
Trump administration moves to expand alternative investments in retirement accounts as financial experts warn of volatility and complexity risks for workers.
Business
Trump Admin Opens $166B Tariff Refund Portal After Supreme Court Defeat
U.S. Customs launched CAPE system Monday to refund $166 billion in tariffs struck down by Supreme Court in February. Refunds expected within 60-90 days.
Business
BBC Analysis Shows Trading Spikes Before Trump Announcements Spark Insider Trading Claims
BBC finds consistent pattern of unusual trades minutes before Trump's major announcements on Iran war and tariffs, with analysts calling it potential insider trading.
Business
Pentagon Recruits Automakers to Ramp Up Defense Manufacturing
Pentagon officials are recruiting automakers and commercial manufacturers to expand weapons production capacity amid growing concerns over military supply chains.
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U.S. News
Labor Department awards 81.5 million for rural job training in 11 states
Grants to programs in Appalachia, the Delta and the Northern Border aim to create skilled trades, health care and 'domestic energy' jobs
Politics
Katie Zacharia Is Out as White House Press Secretary After One Week
Katie Zacharia is stepping down as White House press secretary after just one week and a single 14-minute briefing. Trump says she was 'brutalized by the media'
U.S. News
Bystander Who Killed Oregon School Gunman Identified as a Father of Two Students
Kaylub Giamanco, a father of two students at Silver Rail Elementary, shot and killed the gunman who opened fire at the Bend, Oregon school, killing four.
U.S. News
F.B.I. Investigating Letters With Unknown Substance Sent to Election Offices
The FBI is investigating suspicious letters containing an unknown substance sent to election offices and secretaries of state ahead of midterm elections.