Bessent Says Trump Tax Bill Halts Corporate Outflows

June 11, 2025

Catenaa, Wednesday, June 11, 2025- US Treasury Secretary Scott Bessent said on Wednesday that Trump’s tax bill and spending bill will prevent hundreds of billions of dollars of corporate tax payments from going to foreign governments. Speaking to the US House of Representatives Ways and Means Committee, Bessent said that the Biden administration “chose to […]

Tesla Shares Falls Over 10% With Trump Musk Feud

June 5, 2025

Catenaa, Thursday, June 05, 2025- Tesla shares dropped by over 10% on Thursday as US President Donald Trump and Elon Musk feuded over the tax bill. “I’m very disappointed, because Elon knew the inner workings of this bill better than almost anybody sitting here, better than you people,” Trump said to reporters in the Oval […]

Trump Tax Bill Will Increase Deficit By $2.4Bn

June 4, 2025

Catenaa, Wednesday, June 04, 2025– President Donald Trump’s Big Beautiful Bill will cut taxes by $3.75 trillion and increase the deficit by $2.4 trillion over the next decade, the Congressional Budget Office(CBO) said on Wednesday. According to the nonpartisan CBO, the number of people without health insurance is projected to increase by 10.9 million under […]

US Renewable Stocks Fall on China Component Tax

June 30, 2025

Catenaa, Monday, June 30, 2025- US renewable energy stocks fell on Monday as President Trump’s spending bill now includes a tax on wind and solar projects using Chinese components. Shares of NextEra Energy, the largest renewable developer in the US, fell over 4%. Solar stocks Array Technologies fell about 10%, Enphase fell by 4.4% and […]