Daron Acemoglu has a number for everything. The MIT economist — who won the Nobel Memorial Prize in Economic Sciences in 2024 for his work on institutions and prosperity — estimates that roughly 0.55% in total factor productivity gains is…
President Donald Trump may have signed a memorandum of understanding with Iran to end the war late Wednesday, but it doesn’t resolve a much darker issue: Iran’s nuclear weapons. While Iran affirms that it won’t develop nuclear weapons in the…
Markets are losing hope that the Federal Reserve will lower rates anytime soon and are bracing for potential increases, but the deluge of capital being raised by companies signals financial conditions are already somewhat easy. Before SpaceX’s historic IPO, Goldman…
U.S. and Iranian negotiators headed to a Swiss venue Saturday for talks on adding key details to their interim agreement to halt the war, hours after Tehran said it closed the Strait of Hormuz because of Israel’s attacks in Lebanon and warned that little might…
President Donald Trump on Saturday announced that federal authorities had made “multiple arrests” of people he said were vandalizing the Reflecting Pool as he struggled to explain why the $14-million-plus rehabilitation project he launched for the nation’s 250th anniversary seemingly backfired. Trump…
There’s growing alarm among European leaders over the flood of Chinese exports threatening their home-grown industries, and their response could resemble something from President Donald Trump’s trade war. Frustration is boiling over as China’s goods trade surplus with the European…
Iran on Saturday said that it closed the Strait of Hormuz because of Israel’s attacks in Lebanon and warned that while negotiators were going to Switzerland for talks with the United States on their interim agreement, not much likely will happen if the fighting doesn’t…
Just days after the U.S. and Iran signed a memorandum of understanding to reopen the Strait of Hormuz, Tehran announced the critical waterway is closed again, threatening oil flows after they had barely started to rebound. On Saturday, Iran’s military command…
As Janeese Lewis George paves a path to the mayor’s office in Washington, D.C., she’s told voters they could have it all. Her unapologetically expansive, left-wing agenda includes subsidized or even free childcare, increased down payment assistance for homebuyers and community resources…
Most Americans continue to disapprove of how President Donald Trump is handling Iran, while his overall presidential approval holds steady, according to a new AP-NORC poll that was conducted as he suggested a deal with Iran had been reached. The poll points to…