USA News and Economic Updates
Ways and Means Committee sharpens oversight of U.S. nonprofits over alleged China-linked influence
Congressional scrutiny of foreign influence on U.S. nonprofit groups is intensifying as House Republicans press claims of Chinese Communist Party-linked interference in political and economic ...
Department of Veterans Affairs community care payments top $36 billion in U.S. local economies
Expanded veterans' healthcare choice continues to channel federal spending into local medical networks across the country. In fiscal year 2025, the U.S. Department of Veterans Affairs says it paid ...
U.S. trucking sector faces margin pressure as insurance costs outpace revenue growth
A five-year review of the 10 largest U.S. trucking companies points to worsening profitability even as revenue remains relatively stable. The analysis shows insurance and claims costs are rising ...
U.S. power and utility stocks gain attention as AI data centers shift off-grid
Rising electricity demand from artificial intelligence data centers is intensifying pressure on U.S. power infrastructure and reshaping how new computing capacity is financed and built. As grid ...
House Education and Workforce Committee advances bills on campus antisemitism, labor mobility and health cost transparency
A House committee markup is moving a package of 11 bills that spans higher education policy, worker mobility and federal health oversight. The measures target antisemitism complaints on campuses, ...
U.S. personal income rises in May as core PCE inflation reaches highest level since October 2023
U.S. consumer spending and personal income increase in May, while inflation accelerates further above the Federal Reserve's 2 percent target. Core personal consumption expenditures inflation ...
Court blocks part of U.S. student-loan overhaul before July 1 rollout
Days before new federal student-loan borrowing limits are due to take effect, a court order disrupts a key piece of the Trump administration's repayment overhaul. The ruling keeps higher caps ...
U.S. chip stocks rally as Micron signals prolonged AI-driven supply tightness
Semiconductor shares are set to lead U.S. markets higher on Thursday as strong demand tied to artificial intelligence lifts confidence across the sector. Micron’s latest results and outlook add ...
U.S. jobless claims fall as initial applications drop to 215,000
Weekly U.S. unemployment filings decline in the latest reporting period, pointing to a lower pace of new benefit applications at the start of summer. The four-week average edges higher to 224,250, ...
House Financial Services panel reviews active-passive investing policy framework
U.S. lawmakers are examining whether investment regulation is keeping pace with the growing use of index funds, ETFs and other diversified products by retail savers. The hearing centers on how the ...
U.S., Bahrain discuss security pact and economic cooperation
Washington is reinforcing its Gulf partnerships as regional security and trade routes remain in focus. In talks with Bahrain's King Hamad bin Isa Al Khalifa, Secretary of State Marco Rubio also ...
U.S. personal income rises in May as spending and inflation measures move higher
Household income and spending both increase in May, pointing to continued consumer activity in the U.S. economy. Disposable income also moves higher, while the personal saving rate stands at 3.0 ...
U.S. venture capital rankings highlight extreme return concentration
Fresh rankings of U.S. venture capital firms underscore how a small slice of the industry captures most of the financial upside. The findings reinforce the Power Law that shapes venture investing, ...
U.S. first-quarter GDP growth revised higher as consumer spending weakens
A stronger upward revision to U.S. first-quarter economic growth points to firmer overall activity at the start of the year, even as household demand loses momentum. The updated figures show ...
U.S. core capital goods orders rebound in May, supporting equipment spending outlook
Broader demand for U.S.-made business equipment strengthens in May, pointing to continued support for economic growth in the second quarter. The rebound in core capital goods orders comes even as ...
U.S. jobless claims fall as labor market resilience persists
Fresh U.S. labor data shows fewer Americans are filing new unemployment claims, pointing to continued stability in the jobs market despite uneven hiring conditions. The latest figures also suggest ...
Binance founder shifts to investing after prison term, says conviction has not hurt business ties
After leaving prison and stepping away from Binance's top job, Changpeng Zhao is recasting his role in crypto around investing, advising startups and overseeing education efforts. The former chief ...
U.S. charitable giving tops $617.2 billion as bequests and megadonors drive growth
A strong stock market and rising estate gifts push U.S. charitable giving to a record $617.2 billion in 2025, marking the first time annual donations exceed $600 billion. The increase is ...
U.S. nuclear financing plan marks initial step for reactor supply chain buildout
Bipartisan backing in Washington is sustaining efforts to expand nuclear generation as a large-scale source of carbon-free electricity. The Trump administration is now putting forward $17.5 ...
401(k) annuity offerings expand as adoption remains limited
Retirement income security is becoming a bigger concern for U.S. workplace savers, even as guaranteed-income features gain only gradual traction in employer-sponsored plans. Interest in ...
Senate Democrats probe Yorkville Venezuela fundraising plan amid Trump family tie scrutiny
Senate scrutiny is intensifying around a planned investment vehicle targeting Venezuela as foreign groups seek to benefit from the country’s reopening to overseas business. The inquiry focuses ...
