The Trump administration cited electronic data, found while examining cellphones, as reason to detain and deport U.S. residents or tourists under its escalating anti-immigration policies.
Why it matters: While electronic checks make up a small percentage of border interactions, people can take measures to generally safeguard their phones and personal information while traveling.
The Federal Aviation Administration is investigating after a plane crashed into a home in Brooklyn Park, Minnesota on Saturday — a day after another nearly missed colliding with a military aircraft near Reagan National Airport.
The big picture: The incidents, though unrelated, happened about two months after a midair collision marked as the deadliest air carrier crash in the U.S. since November 2001. It happened January 29 near Reagan National Airport outside D.C.
U.S. auto prices are as good as they're going to get, with consumers rushing to buy new trucks and SUVs before tariffs drive up costs, analysts say.
Why it matters: The reality of President Trump's tariffs on imported vehicles and auto parts is sinking in, with the consensus that vehicle prices will go up and the industry's financial outlook will darken.
Your annual tax bill depends at least partly on where you live, with state income taxes varying from nonexistent all the way up to nearly 14% for some especially high earners.
Elon Musk said on Friday that xAI has acquired X, the social media app previously known as Twitter.
Why it matters: This is Musk trying to prevent his Twitter investors from losing money, and highlights his eagerness to meld different parts of his corporate empire.
If you're thinking about cheating on your taxesthis year, you're not the only one having such dastardly thoughts.
The Trump administration's IRS job cuts may make Americans "feel emboldened to cheat on their taxes," Bloomberg reports.
State of play: The chances of being audited had already plunged in recent years to well below 1%.
"It isn't principle or patriotism that keeps many taxpayers honest," Bloomberg reports, citing University of Michigan economist Joel Slemrod. "Instead it's 'the perceived threat that if they cheat on their taxes, they will be caught—and they'll have to pay what they should have paid, plus some penalty.'"
💭 Nathan's thought bubble: Just know that the one time you cheat on your taxes is the one time you'll get audited.
The Federal Deposit Insurance Corporation said Friday that banks no longer need to get its prior approval before engaging in crypto-related activities, like holding digital currency assets or partnering with companies in the industry.
Why it matters: After publishing a general caution against banks participating in the industry just two years ago, the FDIC is the latest Trump administration regulator to change its tune entirely amid the president's warm embrace of crypto.
Egg prices are suddenly plunging as the bird flu begins to wane and imports surge to fill the gap.
Why it matters: A massive outbreak of avian influenza has wiped out more than 166 million chickens since 2022, leading to sporadic egg shortages and price hikes.
It's also turned into a political issue with Republicans and Democrats arguing about who's to blame — and President Trump taking credit for the decline in prices in recent weeks.
The Trump administration is discussing a surprising option to help fulfill his campaign-trail promises: Allowing the richest Americans' tax rates to rise in return for cutting taxes on tips, a senior White House official tells Axios.
The big picture: Some White House officials believe letting income taxes on the very highest earners rise would buy breathing room on other priorities, and help blunt Democrats' attacks as they seek to extend President Trump's 2017 tax cuts.
As the first quarter comes to a close, there's an uncomfortable picture becoming clear in the data: The economy is going through a growth slowdown paired with an inflation surge.
Why it matters: As the White House plots a major escalation of tariffs next week, the backward-looking data shows that there already is more than a whiff of stagflation in the air.
BlackRock will not sign an agreement next week to buy two Panama ports from Hong Kong's CK Hutchison, as originally planned, a source tells Axios.
Why it matters: President Trump touted this deal in his recent address to Congress, and it seemed like an offramp for U.S. threats to retake control of the Panama Canal.
The Tesla Takedown movement is expecting hundreds of demonstrations to take place at the automaker's showrooms across the world Saturday for what it has dubbed a "global day of action."
Why it matters: The protest movement has drawn the Trump administration's ire and cast Elon Musk's signature brand into turmoil for his role in slashing the federal government.
The Federal Reserve's go-to gauge showed inflation stayed hot in February, the Commerce Department said on Friday.
Why it matters: It is a warning to officials at the White House and the Fed, with aggressive tariffs expected to be unveiled next week that could stoke inflation and squeeze economic demand.
One word you're going to hear a lot in coverage of budget negotiations is "baseline." It sounds simple enough — but in fact it's a slippery and contentious concept.
Why it matters: This wonkish terminological tussle is at heart a debate over what counts as zero, for the purposes of budgetary impact.
Depending on where it ends up, it could raise America's debt-to-GDP ratio by 47 percentage points, per a Congressional Budget Office (CBO) analysis released last Friday.
If you're a foreign leader or a CEO about to meet with President Trump — or if you want to avoid his vengeance — come bearing gifts.
Why it matters: Government officials and business leaders around the world have gotten the message and are strategizing about how to give Trump real or perceived wins to try to smooth out any relationship bumps with the new administration, and avoid economic or legal penalties.
About a dozen political groups, using unlimited and undisclosed donations, are running ads with twin goals: Boosting — and flattering — President Trump.
Why it matters: The groups — separate from Trump's official political operation — have combined to spend more than $20 million since his election. Their spending is expected to escalate dramatically in the coming months.
