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The technological success that has captured the attention of many in the United States is one aspect of the Chinese economy. There's another, gloomy one.
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Trump's executive order to lower drug prices may not do much of that AxiosTrump signs executive order setting 30-day deadline for drugmakers to lower prescription drug costs AP NewsTrump's drug price treatment is harsh but justified Financial TimesREGULATORY RELIEF TO PROMOTE DOMESTIC PRODUCTION OF CRITICAL MEDICINES The White House (.gov)Trump calls out weight-loss drugs as
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How Trump managed to get his much-needed China trade victory CNNTariff Truce With China Demonstrates the Limits of Trump's Aggression The New York TimesDow soars around 1,000 points higher after Trump team and China dramatically lower tariffs CNNChina sees the U.S. trade deal as a huge win for Beijing CNBC
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The U.S.-China tariff deal sent the tech-heavy Nasdaq soaring, entering a bull market, and economists are optimistic that the U.S. may dodge a recession.
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Trump avoids repeating Herbert Hoover's Smoot-Hawley tariff mistake, which led to companies slashing dividend payouts.
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U.S. stocks are leaping Monday after China and the United States announced a 90-day truce in their trade war. Each of the world's two largest economies agreed to take down temporarily most of its tariffs against the other, which economists had warned could start a recession and create shortages on U.S. store shelves.
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House Republicans unveil sweeping tax plan but have yet to resolve key fight over SALT NBC NewsHouse GOP tax bill calls for ‘SALT' deduction cap of $30,000 for most taxpayers. Here's who could benefit CNBCHouse GOP looks to gut Biden's climate incentives in megabill proposal PoliticoCongress adds a little SALT to the reconciliation
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Imports face steep levies despite recent trade deals the Trump administration reached with China and the U.K.
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Health policy experts said it is still unclear how much prices will go down, which medicines will be impacted and whether the effort can be implemented at all.
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Some Bidders in Trump's Contest Sold All Their Digital Coins but Still Won The New York TimesOpinion | The Trump Family Crypto Business WSJTop Trump Crypto Buyers Vying for Dinner Seats Are Likely Foreign, Data Shows Bloomberg.comBuyers of $TRUMP meme spent $148 million to win dinner with President Trump ReutersThe Real Trump Family Business Is Crypto The Atlantic
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GOP leaders snubbed the hard right on Medicaid. They're vowing to fight back. PoliticoOpinion | Josh Hawley: Don't Cut Medicaid The New York TimesHouse Republicans unveil Medicaid cuts that Democrats warn will leave millions without care ABC NewsLow-income families would lose, wealthier ones would gain under GOP tax proposals USA Today
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The Trump administration announced an emergency task force of executives from Verizon, L3Harris and the FAA to fix the communication issues at Newark airport.
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Baltimore City Fire on the scene of major multi-story warehouse fire in West Baltimore WMAR 2 News BaltimoreOfficial: Crews battle 7-alarm fire at warehouse in West Baltimore WBAL-TVMassive fire raging in West Baltimore as firefighters battle blaze WBFFOver 200 Baltimore firefighters battling 7-alarm warehouse blaze, official says Baltimore Sun
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Tory Lanez stabbed 14 times while in prison for Megan Thee Stallion shooting ABC NewsTory Lanez Stabbed in Prison, Rushed to Hospital TMZRapper Tory Lanez stabbed 14 times in California prison attack BBCRapper Tory Lanez hospitalized after stabbing by other inmate in California prison Los Angeles Times
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Rodrigo Duterte wins Philippines mayoral election from ICC detention in The Hague CNNDuterte elected mayor of home city from Hague prison BBCDuterte set to win Philippines election from Hague prison cell YahooRodrigo Duterte Is Expected to Again Become Mayor of Davao City The New York Times
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Why you shouldn't assume the stock market's surge means the bulls are back.
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California Gov. Newsom tells cities to ban homeless encampments AxiosSacramento leaders pursue state funding to address homelessness KCRANewsom Asks Cities to Ban Homeless Encampments, Escalating Crackdown The New York TimesNewsom announces $3.3B in Prop 1 grants to expand behavioral health service KTLA
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Feds order ground stop at Newark as meltdown continues at NJ airport GothamistShould You Fly Through Newark Airport? Here's What You Need to Know. The New York TimesFAA launches emergency task force to ensure safety flying in and out of Newark ABC NewsNewark Libe
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McDonald's said Monday it plans to hire up to 375,000 U.S. restaurant employees this summer, its biggest hiring push in years.
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A new software update prevented a third radar outage in the last two weeks at New Jersey's busy Newark airport when a telecommunications line failed again over the weekend, Transportation Secretary Sean Duffy said Monday.
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Tom Brady And Erin Andrews Reveal History-Making Fox NFL Doubleheader Deadline2025 NFL schedule release: Eagles-Commanders, Packers-Bears headline Week 16 Saturday doubleheader on FOX NFL.comFOX Sports Secures Two New Exclusive Broadcast Windows for Supercharged 2025 NFL Season FOX SportsEagles-Commanders, Packers-Bears set for Week 16 Saturday doubleheader NBC Sports
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Dow closes up 1,160 points as US and China agree to slash tariffs ABC NewsDow soars 1,100 points after Trump team and China dramatically lower tariffs CNNStock market today: Dow, S&P 500, Nasdaq futures trade flat after Wall Street cheers US-China trade truce Yahoo FinanceWhat the U.S.-China Tariff Rollback Me
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The president rolled out a plan that was less aggressive than his first-term effort in 2020, surprising analysts who were bracing for something tougher.
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McDonald's announces plans to hire 375,000 workers with Trump Labor secretary CNBCMcDonald's Sets Goal of Hiring 375,000 US Workers This Summer Bloomberg.comMcDonald's says it plans to hire 375,000 people this summer CNN
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The new service will combine the company's TV shows, cable channels and broadcast network, including National Football League games.
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Gov. Gavin Newsom urges California cities and counties to ban homeless encampments AP NewsNewsom Asks Cities to Ban Homeless Encampments, Escalating Crackdown The New York TimesGovernor Newsom unveils $3.3 billion for behavioral health services in California KMPHGov. Newsom again urges cities to ban homeless camps Los Angeles TimesNewsom calls on California cities to ban homeless encampments ‘without delay'
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The trade pact reached over the weekend represents another stage in the U.S. shaking its reliance on Chinese products, the Treasury chief said.
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Trump's gifted Qatari 747 would be a security problem, officials say The Washington PostTrump's Plan to Accept Luxury Jet From Qatar Strains Bounds of Propriety The New York TimesTrump says it would be 'stupid' not to accept Qatari plane - as jet already in the US Sky NewsTrump administration poised to accept 'palace in the sky' as a gift for Trump from Qatar: Sources ABC News
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U.S. News & World Report's latest rankings found the top five states with the most housing affordability.
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Deputy attorney general who defended Trump in hush money trial is named acting librarian of Congress AP NewsTrump Picks Deputy Attorney General as Acting Librarian of Congress The New York TimesThe leadership of the Library of Congress is in apparent dispute PoliticoTrump naming his former defense attorney as acting Librarian of Congress Axios
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Austan D. Goolsbee, president of the Chicago Fed, said there was still a risk of higher consumer prices and slower growth amid elevated uncertainty about the White House's trade policy.
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Trump signs executive order to demand pharma industry cuts prices ReutersTrump Plan Would Tie Some Drug Prices to What Peer Nations Pay The New York TimesTrump signs executive order setting 30-day deadline for drugmakers to lower prescription drug costs AP NewsREGULATORY RELIEF TO PROMOTE DOMESTIC PRODUCTION OF CRITICAL MEDICINES The White House (.gov)
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Tariff rates keep changing, but smaller companies lack the cash reserves and build up inventories that insulate their larger competitors.
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Trump signs an order to reduce drug prices, but it's unclear how it would work NPRTrump Plan Would Tie Some Drug Prices to What Peer Nations Pay The New York TimesTrump Signs Executive Order Aiming to Lower Prescription Drug Prices U.S. News & World ReportTrump signs executive order to demand pharma industry cuts prices Reuters
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Unusual swings in markets and consensus economic narratives point to longer-term forces
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Treasury Secretary Scott Bessent said details will be released Monday after a weekend of talks in Switzerland.
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It's no surprise that many people who inherit millions of dollars are uncertain about what to do with their newfound wealth. The possibilities of becoming a multimillionaire overnight can be overwhelming, especially during a period when most are grieving the loss of a parent or other loved one.
SEE MORE How Much of Your Estate Will Be Lost to Taxes?
I often work with people in many different age groups who have suddenly become wealthy as the result of a windfall inheritance. While there is a need to develop a comprehensive financial plan, it's not the first step. Instead, I try to determine each person's starting point with money. Many people fall into one of three categories:
They are anticipating how they will handle their wealth, but the money hasn't yet arrived.They have their inheritance — often several million dollars — but they are still grieving the loss of a loved one and are looking for guidance on next steps.
The inheritance has been in their bank account for a long period, but they still lack direction and can't make any decisions.
It is important to listen to each person's personal story with a windfall of money. Losing an important person in your life is difficult, and reflecting on the impact that person made is just as important. Many people express a desire to do something to honor a parent's wishes.
Figuring out how to make the best use of an inheritance
Here is how I generally approach these conversations to help a person make the best use of their inheritance:
Define their relat
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