Europe's Central Bank leaves key interest rate unchanged as businesses weather U.S. tariffs

Chicago's Mayor Johnson is proposing a controversial head tax on businesses, which would charge a fee for each employee. This move has sparked significant debate, as many argue it could burden local businesses and hinder economic growth. Understanding the implications of such a tax is crucial for residents and business owners alike, as it could affect job creation and the overall economic landscape of the city.

In the current uncertain economy, many American homebuyers are experiencing a wave of anxiety as deals for home sales increasingly fall through. Sticker shock and second thoughts are leaving potential buyers feeling adrift, as they grapple with the emotional toll of losing out on homes they hoped to purchase. This trend matters because it reflects broader economic challenges and the struggles of individuals trying to navigate a volatile housing market.

Home prices have shown their weakest gain in over two years, now increasing at about half the rate of inflation. This trend is concerning as it indicates a slowdown in the housing market, which could impact homeowners and potential buyers alike. Understanding these shifts is crucial for anyone involved in real estate or looking to make housing decisions.

The potential end of the automatic grace period for work permit renewals by the Trump administration could create significant challenges for law-abiding immigrants and businesses. This change may lead to unnecessary chaos, as many rely on this grace period to maintain their employment status while navigating the renewal process. It's crucial for the Department of Homeland Security to reconsider this decision, as it could have far-reaching implications for the workforce and the economy.

In a significant development, Donald Trump announced that the United States has reached an agreement with China to lower overall tariffs on Chinese goods to 47%. This deal also includes provisions related to rare earths, which are crucial for various technologies. The agreement is seen as a positive step towards easing trade tensions between the two nations, potentially benefiting both economies. Additionally, the far-right political faction in the Netherlands appears to be losing support following recent elections, indicating a shift in the political landscape.

President Trump and Chinese President Xi Jinping met in South Korea for a crucial discussion on trade, which is vital for both nations' economies. Trump expressed confidence in the meeting's success, highlighting Xi's negotiating skills. This meeting is significant as it could shape future economic relations and trade policies between the world's two largest economies, impacting global markets and trade dynamics.

The Federal Reserve's recent decision to cut the benchmark federal funds rate by a quarter percentage point to a range of 3.75% to 4% is significant for homeowners and potential buyers. This rate cut can lead to lower mortgage rates, making home financing more affordable and stimulating the housing market. It's a move that reflects the Fed's efforts to support economic growth and ease financial pressures, which could benefit many families looking to buy or refinance their homes.

The U.S. Federal Reserve has made a cautious decision to cut interest rates, acknowledging the uncertainty in the economy and the limitations posed by the ongoing government shutdown. This move has sparked some dissent among policymakers, highlighting the complexities of navigating economic data during such turbulent times. Understanding these changes is crucial as they can impact borrowing costs and economic growth.

Rain Phoenix, sister of the late actor River Phoenix, shares how his passing has transformed her perspective on death. Instead of viewing it solely as a loss, she has developed a vibrant relationship with the concept, leading her to explore her curiosity further. This journey has inspired her to train as a 'death doula,' a role that supports individuals and families during the dying process. Rain's experience highlights the potential for personal growth and understanding in the face of grief, encouraging others to embrace conversations about death.

The Australian cricket community is in mourning after the tragic death of 17-year-old Ben Austin, who was struck in the neck by a ball during a training session in Melbourne. This heartbreaking incident highlights the risks young athletes face in sports and has sparked conversations about safety measures in cricket. The loss of such a promising talent is felt deeply, reminding us of the fragility of life and the importance of protecting our youth in athletic environments.

The Breeders' Cup 2025 kicked off in California, showcasing thrilling horse racing action on its first day. This prestigious event not only highlights the best in the sport but also marks a significant moment for fans and participants alike, especially with the spotlight on legendary jockey Frankie Dettori as he navigates his future in racing. The excitement surrounding the races and the potential for new records adds to the event's allure, making it a must-watch for enthusiasts.

If you're playing fantasy football, now is the perfect time to consider adding a certain running back to your lineup. With favorable matchups and a window of opportunity that may not last long, this could be a chance to maximize your investment and boost your team's performance. Don't miss out on the potential benefits!

The U.S. has decided not to send any high-level officials to the upcoming COP30 climate summit, a move that raises concerns about the country's commitment to addressing climate change. This decision, confirmed by a White House official, could impact international cooperation on environmental issues and diminish the U.S.'s influence in global climate discussions. As nations gather to tackle pressing climate challenges, the absence of top officials from a major player like the U.S. may hinder progress and signal a retreat from leadership in climate action.

Kevin Durant recently opened up about his views on marriage, stating that he no longer desires to tie the knot after ending his engagement to former WNBA player Monica Wright over a decade ago. This revelation sheds light on his personal life and the complexities of relationships, prompting discussions about commitment and individual preferences in modern romance.