Republicans Ponder: What if the Trump Tax Cuts Cost Nothing? Some in the party are considering alternative ways of assessing the federal budget as they prepare to extend temporary tax cuts passed in 2017.

How Trump’s Tax Cuts and Tariffs Could Turn Into Law Republicans are juggling complex political and tactical questions as they plan their congressional agenda next year.

Riding A Motorcycle Cuts Travel Time Through Notorious Los Angeles Traffic Nearly in Half Around 83 percent of Americans live in urban areas, and in many parts of the country traffic is worse than it has ever been. For the sake of convenience and reducing traffic, it would be in all of our best interest to promote the legalization of motorcycle lane-splitting in every single state. Adding protected bike… Read more…

How Elon Musk Cuts Costs at Tesla, SpaceX and X Mr. Musk dug into his companies’ budgets, preferring to cut too much rather than too little and to deal with the fallout later. Under Donald Trump, he is set to apply those tactics to the U.S. government.

Bitcoin ETFs See Record $1.3B Inflows on Trump Win, Fed Rate Cuts BlackRock’s IBIT accounted for most of the inflows at $1.1 billion, with zero net outflows from any product.

Bank of England Cuts Interest Rates, but Warns of Sticky Inflation The central bank said that future cuts would be gradual after spending increases were introduced in the government’s new budget.

Nissan Cuts 9,000 Jobs and Slashes C.E.O.’s Pay in Half The Japanese automaker is carving out its global operations as it struggles with a steep drop in sales.

Nintendo profit plunges 69% as it cuts forecast for sales of ageing Switch console Investors are waiting for news surrounding a successor to the Switch which they hope will re-energize Nintendo’s gaming business.

Dropbox cuts its workforce by 20 percent in latest round of layoffs Image: DropboxDropbox is cutting its workforce by 20 percent today — laying off 528 people — amid slowing growth for its core cloud storage business. The latest round of cuts comes after Dropbox laid off around 500 people in early 2023 to redirect efforts to its AI division. “We’re making more significant cuts in areas where we’re over-invested …

Evans says Man United job cuts ‘difficult to see’ Jonny Evans said it has been “hard” to see Manchester United staff lose their jobs as part of the INEOS-led cuts.

China Unexpectedly Cuts Interest Rate as World Markets Sag The central bank lowered a key rate in its latest effort to steady China’s economy, as Asian stock markets followed Wall Street down.

Swan Bitcoin Drops IPO Plan, Cuts Staff and Will Shut Managed Mining Unit

Bangladesh Sharply Cuts Quota System That Sparked Protest A court ruling has sharply reduced a quota system for filling government jobs, after protests over the issue turned violent and were brutally suppressed.

Trump’s Proposed Tax Cuts and Increased Tariffs Could Hurt Poorer Households Some Republicans want to use revenue collected from higher duties on foreign goods to finance tax cuts. Economists say such a shift could widen the gap between the rich and the poor.

U.K. Inflation Steady as Interest Rate Cuts Hang in the Balance Consumer prices rose 2 percent in June from a year earlier, in line with the Bank of England’s target for the second month in a row.

Fed Might Focus on Weakening Labor Market Rather Than Inflation as It Mulls Rate Cuts: Economists A weakening labor market could persuade the Fed to cut rates even as inflation is not yet back to the Fed’s 2% goal.

Hendrick cuts sponsor after Hooters can’t pay bills Hendrick Motorsports has dropped longtime sponsor Hooters, saying the restaurant chain could not pay its bills amid reports that it closed more than 40 locations.

House G.O.P. Pushes Deep Cuts to Federal Law Enforcement Republicans put forward a spending bill that would slash funding for federal law enforcement, though they failed to find a way to defund the special counsel prosecuting former President Donald J. Trump.

Why the Stock Market Has Risen Even With No Fed Rate Cuts The S&P 500 has been buoyant mainly because of A.I. fever, while bonds are having another mediocre year. But as an investor, our columnist is staying the course.

Wage Growth Exceeds Forecasts, Potentially Deterring Fed Rate Cuts The latest data could add to fears that the labor market remains too hot to bring inflation fully under control.