NEW YORK 亗

‎In advance of his February 2026 State of the Union address, President Trump appears poised to amplify his trade agenda once again. Known for calling himself “Tariff Man,” he continues to champion duties on imports as a defining feature of his presidency—despite overwhelming skepticism from economists across the political spectrum. ‎ Ahead of the 2026 State of the Union, Trump escalates tariffs after a court defeat. Economists say U.S. trade deficits are domestically driven, not foreign abuse. ‎Jabin Botsford/The Washington Post via Getty Images ‎His latest escalation follows a Supreme Court ruling that struck down a central element of his trade policy by a 6–3 vote. Reacting swiftly, Trump criticized the justices as “disloyal,” introduced a 10% tariff applied globally, and raised it to 15% within days via social media posts. He has also promised to impose what he termed “absolutely ‘terrible’ things” on foreign governments. ‎ ‎Trump insists that while one approach was reje...

‎For years, landing a role in Big Tech as a software engineer meant long-term security and lucrative starting pay. That certainty is now being questioned. According to Boris Cherny, the developer behind the AI system Claude Code, the traditional software engineer title may vanish before the end of this year. ‎ ‎Cherny shared his outlook during an episode of Lenny’s Podcast, hosted by Lenny Rachitsky. He predicted a shift in how work is structured in tech teams. In his view, “software engineer” will gradually be replaced by “builder,” with coding becoming a universal skill rather than a specialized title. He cautioned that the transition will be difficult for many professionals. ‎ ‎Boris Cherny says AI tool Claude Code may eliminate the software engineer title by year-end, reshaping tech jobs and expanding AI across industries. ‎Samyukta Lakshmi/Bloomberg via Getty Images ‎ ‎How Claude Code Is Changing Engineering ‎ ‎Released a year ago, Claude Code quickly gained traction a...

‎The Supreme Court of the United States has ruled that President Donald Trump could not rely on the International Emergency Economic Powers Act (IEEPA) to impose sweeping tariffs on trading partners, casting uncertainty over roughly $175 billion collected under the policy. ‎ ‎While few families were counting on a rebate check tied to tariff collections, the prospect now appears even more remote. With economists estimating that up to $175 billion is tied up in litigation over potential refunds, Treasury Secretary Scott Bessent indicated the funds may never make their way back to consumers. ‎ ‎Supreme Court halts IEEPA tariffs as Scott Bessent signals $175B in disputed revenue may never reach Americans amid ongoing legal battles. ‎Richard Rodriguez/Getty Images ‎ ‎Legal Dispute Over Tariff Revenue ‎ ‎The ruling determined that the White House’s use of IEEPA authority to introduce global tariffs was unlawful. Tariffs were first applied to China in February 2025, followed by Ca...

‎The late 19th century’s Gilded Age became a symbol of immense corporate dominance. Industrial titans such as Cornelius Vanderbilt wielded extraordinary authority—so much so that on November 18, 1883, railroad companies in the United States and Canada introduced four standardized time zones across North America. The shift, remembered as “the Day of Two Noons,” caused clocks in many towns to strike midday twice. ‎ ‎Anthropic CEO Dario Amodei voices unease over the rapid, accidental concentration of AI power, warning of economic upheaval and trillion-dollar fortunes. ‎Prakash Singh/Bloomberg/Getty Images ‎ ‎A similar concentration of influence is now unfolding in artificial intelligence. Even insiders shaping this transformation are expressing unease. Dario Amodei, chief executive of Anthropic, says the speed and manner in which authority has gathered in the AI sector troubles him deeply. ‎ ‎Speaking on the WTF Is with host Nikhil Kamath, Amodei suggested that luck played a s...

‎A newly revised report from the Congressional Budget Office reveals that Medicare’s Hospital Insurance trust fund has lost 12 years of projected financial stability in under a year. The fund that supports Medicare Part A is now expected to be depleted by 2040. ‎ ‎Although balances are projected to rise through 2031, expenditures are forecast to exceed income beginning the following year. That imbalance sets the stage for complete exhaustion within less than two decades. ‎ ‎CBO report shows Medicare Part A trust fund will run out by 2040 after policy changes cut 12 years of solvency, raising risk of benefit reductions. ‎Anna Moneymaker/Getty Images ‎This marks a sharp reversal from the estimate issued in March 2025. The shortened timeline significantly advances the date when retirees could face cuts to essential health services. As required under the Deficit Control Act, CBO Director Phillip Swagel stated that projections assume benefits would continue as scheduled even aft...

‎On what he called Liberation Day, President Trump presented a reciprocal tariff chart that many economists viewed as misguided. Relying on that chart and invoking the International Emergency Economic Powers Act of 1977, he imposed reciprocal tariffs on most countries worldwide. ‎ ‎An in-depth look at Trump’s tariffs, the Supreme Court ruling, trade deficits, job losses, and why economists argue the policy failed to boost growth. ‎Saul Loeb/AFP via Getty Images ‎The IEEPA permits presidential action only when confronting an “unusual and extraordinary” foreign threat to national security. The central question, therefore, is whether the U.S. trade deficit constitutes such a danger. The United States has recorded a trade deficit every year for the past half century, and none of those deficits has threatened national security. They have become a standard feature of the economic landscape. ‎ ‎President Trump has repeatedly described trade deficits as harmful. Yet deficits are no...