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Economy & Innovation

Texas bill would cut the homestead appraisal cap to 3%. Here’s what that means for homeowners.

What changed: Texas Rep. Jared Patterson filed a bill to lower the annual appraisal cap for qualifying residence homesteads from 10% to 3%, with...

Fed officials warn price pressures may be spreading ahead of December meeting

Federal Reserve Vice Chair for Supervision Michelle Bowman said Tuesday that recent data suggest price pressures are spreading beyond the categories that initially drove...

California voters reject Proposition 40 billionaire wealth tax

California voters rejected Proposition 40, a proposal to tax the net worth of billionaires, The Associated Press reported after calling the race Monday. The...

U.S. consumer prices rose 0.4% in October as grocery costs climbed

U.S. consumer prices rose 0.4% from September to October on a seasonally adjusted basis, the Bureau of Labor Statistics reported Tuesday. The increase was...

Florida’s Amendment 3 changes property tax exemptions starting in 2027

Florida voters approved a constitutional amendment that increases the homestead exemption for most local property taxes and tightens a cap on assessments for other...

Federal regulators clear construction of four reactors at Dow’s Texas site

Federal nuclear regulators issued a construction permit for four small reactors at Dow’s Seadrift Operations site in Calhoun County, Texas, Dow announced Monday. The...

China’s goods trade surplus tops $1 trillion through October

China’s goods trade surplus reached $1.04 trillion in the first ten months of 2026, even as the monthly surplus narrowed in October. Chinese customs...

Senate advances bipartisan bill to speed energy and infrastructure permits

The Senate voted 73–25 Monday to take up a bipartisan bill that would speed federal permitting for energy and infrastructure projects. The vote opens...

FAA orders altimeter cable replacements on some Boeing 787s

The Federal Aviation Administration will require operators of certain Boeing 787 Dreamliners to replace radio altimeter cables after reports that the system returned unusable...

U.S. plans to end trade preferences for Rwanda and South Africa in January

The Trump administration says it intends to end Rwanda’s and South Africa’s eligibility for U.S. trade preferences under the African Growth and Opportunity Act...

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