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July 9, 2019 The Week: On Monday, the Federal Reserve announced that it was cutting interest rates for the first time since the financial crisis. The cut was seen as a response to the economic slowdown that has been seen in the U.S. and around the world. The Fed also indicated that it may cut rates further if needed. The news sent stocks soaring, and the U.S. dollar fell sharply against other major currencies. On Tuesday, the Federal Reserve released its quarterly economic report, which showed that the U.S. economy is slowing. The report showed that consumer spending, business investment, and exports were all weaker than expected. The report also showed that inflation has been running below the Fed's 2% target. On Wednesday, the Federal Reserve released the minutes from its June meeting, which showed that officials were split on the decision to cut interest rates. Some officials argued for a larger cut, while others felt that a smaller cut was sufficient. The minutes also showed that the Fed was divided on what to do next, with some arguing for further rate cuts, while others were hesitant to do so. On Thursday, the Labor Department released its monthly jobs report, which showed that the U.S.
FTC staff report analyzes 70 MLM income disclosure statements | Federal Trade Commission
Think your MLM income disclosure statement is a model of clarity? Think again. Think your disclosure supports claims that participants can earn lots of extra money if they join? Think again (again). Those are just two of the major takeaways from a new FTC staff report that analyzed income disclosure statements from dozens of MLMs.
EU-US Trade Talks Focus On Tariff Offset For Automakers
Some European Union carmakers and capitals are pushing for an agreement with President Donald Trump that would allow for tariff relief in return for increasing investments in the US, according to people familiar with the matter.Member states were briefed on the status of trade negotiations on Friday after a round of talks in Washington this week and were told that a technical agreement in principle was close, said the people, who spoke on the condition of anonymity.
Week Ahead – RBA, RBNZ Decisions and Fed Minutes Eyed as Trade Deals Awaited - Action Forex
It’s been three months since President Trump delayed the start of the punitive reciprocal tariffs, allowing negotiators time to strike more favourable trade deals with America’s main trading partners. However, as the July 9 deadline approaches, the US has only signed two trade deals – with the United Kingdom and Vietnam – while it has agreed a formal trade truce with China that has, at least temporarily, massively lowered the triple digit tariff rates.
Loeffler Issues Statement on One Big Beautiful Bill Signing - ForexTV
President Trump’s historic tax cuts supercharge growth for America’s small businessesWASHINGTON, July 04, 2025 (GLOBE NEWSWIRE) -- Today, after President Donald J. Trump signed the One Big Beautiful Bill into law, Kelly Loeffler, Administrator of the U.S. Small Business Administration (SBA), released the following statement: “The One Big Beautiful Bill is a landmark victory for America’s small businesses, and it cements President Trump’s legacy as the greatest small business champion our country has ever known,” said Loeffler. “These historic tax cuts lay the foundation for generational prosperity on Main Street – ushering in a new era of growth, hiring, investment, and opportunity for job creators. I applaud Congressional Republicans for their efforts to pass the One Big Beautiful Bill, and I thank President Trump for his visionary leadership and unwavering commitment to putting American workers and job creators first.” Administrator Loeffler has been one of the Trump Administration’s most outspoken proponents of the One Big Beautiful Bill. Last month, she embarked on a national tour to tout its benefits alongside America’s small business owners – traveling to Florida, Indiana, Kansas, Louisiana, Maine, and North Carolina. In addition to delivering the largest tax cut in history for middle and working-class Americans – increasing annual take-home pay by at least $10,000 for most families - the One Big Beautiful Bill includes revolutionary reforms to end entitlement abuse, secure the border, stop the Green New Scam, and slash wasteful spending. It also includes numerous provisions that will directly empower small businesses and workers, including: Prevents the largest tax hike in history, making the 2017 Trump Tax Cuts permanent and increasing the standard deduction for every American family.Makes the Small Business Tax Deduction Permanent, preserving the 199A 20% small business deduction, which will generate $750 billion in economic growth and create over 1 million new Main Street jobs. Without the One Big Beautiful Bill, 26 million small businesses would have seen their top tax rate double to 43%.Supports the return of Made in America by allowing 100 percent expensing for new factories, factory improvements, equipment, and research and development.Ends the war on the gig economy by removing the requirement that Venmo, PayPal, and other gig transactions over $600 be reported to the IRS.Protects family farmers by preventing the death tax from hitting 2 million family-owned farms who would otherwise see their exemptions cut in half.Cuts taxes on seniors, tips, and overtime, saving tipped and overtime workers up to $1,750 per year.Protects Medicaid for working Americans, by ending benefits for at least 1.4 million illegal immigrants who are gaming the system.Increases the child tax credit to $2,200 per family. # # # About the U.S. Small Business Administration The U.S. Small Business Administration helps power the American dream of entrepreneurship. As the leading voice for small businesses within the federal government, the SBA empowers job creators with the resources and support they need to start, grow, and expand their businesses or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov. CONTACT: SBA HQ Press Team U.S. Small Business Administration press_office@sba.gov