Articles
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6 days ago |
cbsnews.com | Alain Sherter
Canada car dealership braces for tariffs Honda Motor this week said it is moving production of its Civic Hybrid hatchback from Japan to the U.S. The announcement comes amid a barrage of tariffs by the Trump administration, including a 25% levy on imports from Canada and Mexico and 25% auto tariffs.
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6 days ago |
cbsnews.com | Aimee Picchi |Alain Sherter
The battle between President Trump and Harvard University has moved to a new front, with the IRS now considering whether to revoke the Ivy League school's tax-exempt status. A final decision has not yet been made by the IRS, CBS News' Aaron Navarro reports. But the effort comes after Mr. Trump on Tuesday suggested that Harvard could lose its tax exemption. The tax agency's move to consider whether to strip Harvard of its designation as a 501(c)(3) organization was earlier reported by CNN.
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1 week ago |
cbsnews.com | Aimee Picchi |Alain Sherter
President Trump took aim at Federal Reserve Chair Jerome Powell on Thursday, writing in a social media post that Powell should be cutting interest rates and adding that his "termination cannot come fast enough."Mr. Trump's comments on his social media app, Truth Social, comes after Powell delivered a speech on Wednesday that warned of the potential consequences of the Trump administration's trade war, while reiterating that the central bank plans to hold interest rates steady for now.
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1 week ago |
cbsnews.com | Aimee Picchi |Alain Sherter
"Make Indiana Healthy Again" program removes candy, soda from SNAP benefits The federal food stamp program is facing scrutiny in some states that want to block enrollees from using their government benefits to buy soda and candy. Three Republican-led states — Arkansas, Idaho and Indiana — on Tuesday moved to ban purchases of soda and candy with benefits provided by the Supplement Nutrition Assistance Program (SNAP).
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1 week ago |
cbsnews.com | Mary Cunningham |Alain Sherter
Spotify releases its 2024 review Spotify was experiencing technical issues on Wednesday, with thousands of users reporting difficulty accessing the music streaming platform. "Spotify experienced an outage today beginning around 6:20am EDT," a spokesperson told CBS MoneyWatch in an email. "As of 11:45am EDT, Spotify is back up and functioning normally.
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