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- Year in review: How President Trump’s economic agenda is shaping up so far
President Donald Trump's economic agenda has produced a mixed but closely watched set of results so far. Economic growth has picked up, inflation has cooled from recent highs and major policy changes have begun to reshape the outlook for businesses and households. Not to mention a strong year for U.S. stocks, with the S&P 500, the broadest measure of the stock market, ending 2025 with a gain of 17%. Here’s a look at the key developments defining Trump’s economy to date.The economy grew faster than expected in late 2025, with overall output rising at an annual pace of about 4% to 4.5% in the third quarter. Trump administration officials say that growth was driven by Americans spending more money and businesses feeling confident enough to invest and hire.CONSERVATIVE STATES SEE LOWER INFLATION THAN LIBERAL ONES NATIONWIDE, WHITE HOUSE DATA SHOWSAt the same time, inflation, the pace at which prices rise, has cooled. Prices… ...[TheTopNews] Read More.42 mins ago - Americans surge toward financial resolutions for 2026 amid household budget concernsWith the New Year comes a chance for a financial reset and more Americans are considering making financial resolutions in 2026 with a focus on short-term savings goals, according to a recent study by Fidelity Investments.Fidelity's annual study found that 64% of respondents are considering a financial resolution for the new year, an increase from 56% last year.It also found that the top three financial resolutions have remained consistent year-over-year, with 44% saying they want to save more money, 36% wanting to pay down debt, and 30% looking to spend less money. "This was the second year in a row where Americans were prioritizing more of those short-term savings," Leanna Devinney, market leader at Fidelity Investments, told FOX Business in an interview. "So this was similar to last year where they were saying, 'I want more short-term savings goals like building up an emergency fund or paying down debt versus longer-term goals.'"BESSENT UNVEILS… ...[TheTopNews] Read More.3 hours ago
- Stellantis resurrects $100,000 Ram TRX V-8 pickup truck amid industry deregulation
The 2027 Ram 1500 SRT TRX will be available late next year after a roughly three-year hiatus for around $100,000. ...[TheTopNews] Read More.4 hours ago - IRS guidance for Trump’s ‘no tax on tips’ and overtime deductions: What to knowThe new year will bring a host of tax benefits that Americans can take advantage of when filing their taxes in a few weeks. The IRS released its guidance for the "no tax on tips" and "no tax on overtime" provisions of the One Big Beautiful Bill Act (OBBBA), for workers who can claim the deductions for the 2025 tax year.President Donald Trump signed the OBBBA into law in July after Republican majorities in Congress passed the tax reform and spending bill on a party-line vote this summer.The law included "no tax on tips" and "no tax on overtime," and the Treasury Department and IRS are now providing guidance as the law directed to help workers determine their deductions.The IRS notice said that taxpayers who are eligible to claim the tipped and overtime income deductions may have to determine those amounts separately this year as Form W-2 and Form 1099 won't be updated… ...[TheTopNews] Read More.6 hours ago
- Oil and gas prices expected to stay significantly lower through 2026Oil and gasoline prices are expected to decline next year, according to a recent forecast from the Energy Information Administration (EIA).The EIA published its Short-Term Energy Outlook in November, which projected that the price of Brent crude oil will decline from $69 a barrel in 2025 to $55 a barrel next year. That would be well below the $81 per barrel that prevailed in 2024.Gas prices are also projected to continue their decline into next year. Retail gas prices averaged $3.30 a gallon in 2024 and are at $3.10 a gallon this year, but are projected to decline further to $3 a gallon in 2026, according to the EIA's report.U.S. production of crude oil picked up this year and is expected to remain at the level in 2026, with the EIA finding the U.S. produced 13.2 million barrels per day in 2024. The agency projected crude oil production will be… ...[TheTopNews] Read More.6 hours ago
- Will FMCSA’s Driver-Oriented Enforcement Initiatives Affect Capacity?
As the trucking industry heads into 2026, many fleets are asking the same question: will stricter FMCSA enforcement reduce trucking capacity? In 2025, the Trump administration rolled out several driver-focused enforcement actions aimed at improving safety and compliance. While these changes are significant, industry analysts say their impact on capacity is likely to be gradual rather than immediate. Driver Enforcement Changes Introduced in 2025 The administration tightened oversight in several areas that directly affect commercial drivers and owner-operators, including: Pausing certain work visas for foreign drivers Stepping up enforcement of English-language proficiency requirements Cracking down on non-domiciled CDLs Removing thousands of noncompliant driver training schools Strengthening electronic logging device (ELD) enforcement Some advocacy groups argue these measures could worsen the driver shortage, noting that foreign-born drivers make up a sizable portion of the workforce. However, most trucking analysts do not see… ...[TheTopNews] Read More.9 hours ago
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