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News
U.S. hits Canada with 50% tariffs, invoking a notorious Great Depression law that has never been used before to impose import taxes
2+ day, 17+ hour ago (940+ words) The United States imposed 50% tariffs on $20 billion worth of Canadian products early Saturday, and Canada immediately said it would retaliate after last-ditch negotiations failed to resolve the latest strain in relations between the historic allies. President Donald Trump’s import taxes…...
Scott Bessent fired a currency bazooka, but global finance still looks like a 'giant Jenga tower' propped up by a Japanese yen that's in deep trouble
1+ week, 2+ day ago (638+ words) The first U.S.-Japan joint intervention in three decades aimed at boosting the yen has come and gone without doing much to ease anxiety in currency markets. Treasury Secretary Scott Bessent’s notepad suggested the U.S. bought $5 billion-$10 billion worth of yen,…...
'Kids don't go out and do things anymore': Youth sports are becoming a thing for rich people
1+ week, 4+ day ago (984+ words) Americans overwhelmingly see major benefits to children playing organized sports, a new poll finds, but higher-income families are more likely to participate. Learning teamwork and reducing screen time are among the perceived benefits of youth sports, according to the AP-Ipsos…...
New???Katsu Curry Index??? Aims to Show How Weak the Yen Really Is
1+ week, 5+ day ago (319+ words) A senior strategist at Bank of New York Mellon is using the price of a Japanese fast-food staple to get an accurate snapshot of the yen’s weakness as the impact of the recent intervention fades. Geoff Yu created the Katsu…...
It is time to remake the federal government with a new fiscal constitution
1+ week, 6+ day ago (233+ words) The federal government does not need modest reforms; it needs a dramatic transformational change. Indeed, it does not need a nip-and-tuck job; it needs radical reconstructive surgery. DOGE was the last attempt to rein in the federal government. DOGE intended…...
FDA's new additive list isn't a ban??? and won't be checked
1+ week, 6+ day ago (730+ words) U.S. health officials on Monday proposed a rule change that would require food manufacturers to notify regulators before introducing new ingredients or additives into processed or packaged foods. The proposal would change a decades-old policy that advocates have called a regulatory…...
CareScout CEO: the hidden economic cost of an aging baby Boomer generation
1+ week, 6+ day ago (653+ words) America is getting older. That much is obvious. What’s less obvious—and far more consequential—is that we have failed to build the infrastructure families need to navigate aging. As a result, growing old in America is becoming an invisible…...
By propping up the yen, the US and Japan are admitting dollar dominance isn't what it used to be
2+ week, 1+ day ago (600+ words) Last week’s attempt to boost the sagging yen wasn’t the first time the U.S. and Japan took such joint action, but the way they did it revealed weakness in the dollar’s global status, according to a top currency expert....
20% of Americans are already using AI for financial advice??? another 70% don't trust it
2+ week, 2+ day ago (439+ words) Some U.S. adults are using artificial intelligence for financial guidance, but it’s far from the most trusted source of advice, according to a new Gallup survey conducted in partnership with Edward Jones, a financial services firm. About 1 in 5 Americans who have…...
DOGE seems to have hallucinated government savings, like $1.7 billion from a contract it never canceled
2+ week, 3+ day ago (353+ words) Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom Some of the savings touted by Elon Musk’s Department of Government Efficiency are incorrect or lack supporting evidence, according to federal auditors. DOGE…...