Economics

Job Openings Rise Unexpectedly in May

Job Openings Rise Unexpectedly in May

U.S. job openings rose sharply in May, reaching their highest level since November 2024, according to new data from the Bureau of Labor Statistics released Tuesday. The surprising uptick comes as the Federal Reserve faces increasing pressure over the timing of its...

U.S. and China Take Major Step Toward Formal Trade Pact

U.S. and China Take Major Step Toward Formal Trade Pact

The United States and China edged closer to a comprehensive trade and tariff agreement on Thursday, as officials on both sides confirmed the signing of a pact that formalizes the informal understanding reached during Geneva talks in May. The move represents a crucial...

Senate Passes GENIUS Act

Senate Passes GENIUS Act

In a historic vote on Tuesday, the U.S. Senate passed the GENIUS Act, a sweeping bill that for the first time establishes federal standards for U.S. dollar-pegged stablecoins. The legislation passed 68–30, marking a significant step in integrating digital assets into...

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IRS Says Churches Can Endorse Political Candidates

IRS Says Churches Can Endorse Political Candidates

In a landmark shift, the Internal Revenue Service (IRS) has stated in a new federal court filing that churches may now endorse political candidates to their congregations without risking their tax-exempt status — a dramatic reinterpretation of the Johnson Amendment...

SoFi (SOFI) Stock Rises 7%

SoFi (SOFI) Stock Rises 7%

Shares of SoFi Technologies (NASDAQ: SOFI) surged 7% in early trading Tuesday following the announcement of a strategic partnership with Cashmere, a next-generation venture capital firm focused on making startup investing more accessible. Cashmere revealed that its...

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