Business

Florida lifts sales tax on firearms, ammunition until end of year

A Florida sales tax holiday that typically applies to hunting, fishing and camping equipment has been expanded this year, covering firearms and ammunition for the first time. Starting Monday, those purchasing firearms and ammunition in Florida will be exempt from sales tax through the end of the year. It is…

The Federal Reserve quietly shapes the Powerball’s .7B jackpot

Few people think about the Federal Reserve when choosing their lucky Powerball numbers.  Yet, Saturday’s drawing, the third-largest jackpot in U.S. history, is fueled in part by the Fed’s high interest rates. When officials at the Fed and President Donald Trump debate rates, they are most likely not concerned about lottery…

August tariff collections reach .4B, largest monthly haul so far in 2025

The U.S. government collected $31.4 billion in tariff revenues in August, the largest monthly haul so far in 2025, underscoring the continued impact of trade duties on the economy. Total tariff revenue for 2025 has reached more than $183.6 billion, according to the latest “Customs and Certain Excise Taxes” figures…

Bessent defends Trump’s tariffs against claims they harm US businesses

Treasury Secretary Scott Bessent downplayed claims on Sunday that tariffs were harming American businesses and consumers, arguing that any short-term costs were outweighed by long-term benefits to U.S. competitiveness. Bessent argued that President Donald Trump’s economic agenda has only been in effect for “a couple of months” and that the…

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