Trump immunity from IRS audit shocks experts, who warn it could undermine trust in tax system
NEW YORK (AP) — Remember Donald Trump’s response in the 2016 presidential debate, when Hillary Clinton blasted him for paying virtually no federal taxes?“That makes me smart,” Trump said. By that logic, Trump is looking smarter than ever now. On Tuesday, the Internal Revenue Service agreed to drop all pending probes of Trump over whether he's paid his fair share of taxes, to settle a lawsuit brought by the president over a leak of his tax returns. That could include, assuming it was a...
Read MoreFri, 22 May 2026
- Trump immunity from IRS audit shocks experts, who warn it could undermine trust in tax system
- World shares track Wall Street gains and oil prices climb on uncertainty over the Iran war
- Explosion at Hungary petrochemical plant kills 1, injures 7
- Kenyan public transport operators call off strike after president vows to reduce fuel prices
- Canadian regulator triples US streamers financial contributions to Canadian content
- SpaceX tries to launch a bigger version of Starship but hits a series of last-minute problems
Thu, 21 May 2026
- Newsoms office warns Californians to avoid Chevron this holiday weekend, citing high gas prices
- US stocks edge higher following the latest U-turn for oil prices
- US and Mexico pledge ongoing joint security efforts during DHS Secretary Mullin visit
- Meta settles social media addiction case brought by rural Kentucky school district
- Trump calls off AI executive order over concern it could weaken US tech edge
- Trump eases refrigerant rule in a bid to address surging grocery costs
- A look at the SpaceX IPO by the numbers
- Average US long-term mortgage rate climbs to 6.51%, highest level in nearly nine months
- Supreme Court sides with US company in claims over property seized in Cuban revolution
- Walmart wins over broader swath of consumers, but global uncertainty clouds outlook for retailers
- United Nations top court says right to strike is protected by a key labor treaty
- Memorial Day: Higher fuel prices have some Americans scaling back their travel plans
- Taiwan prosecutors investigate 3 people over Nvidia chip smuggling to China
- US jobless aid filings fell to 209,000 last week as layoffs remain low despite economic uncertainty
- Energy shock from Iran war to weigh on Europes growth, boost inflation
- Australian judge fines X $465,000 for online safety breach after 3-year court battle
Wed, 20 May 2026
- James Murdoch, media scion, strikes deal for New York Magazine and Vox
- House committee discusses modernizing the TSA as Trump seeks to privatize airport screening
- SpaceX reveals plans for what could be the biggest-ever initial public offering
- Nvidia Q1 results surpass Wall Street expectations thanks to massive AI chip demand
- US stocks rally after pressure eases from the bond market and oil prices fall
- Sherritt agrees to sell stake in Cuba mining business to company linked to former Trump adviser
- Target books strongest sales growth in 4 years with customers buying into refreshed lineup
- Samsungs union puts off strike after reaching last-minute wage deal with management
- US sanctions hit alleged Sinaloa cartel fentanyl network, including a Chihuahua restaurant
- Six tax tips you should start thinking about now
- George Soros foundations pledge $300M for US democracy amid attacks on nonprofits
- Kansas farmers pulled by weather extremes and growing costs, wheat crop could be worst since 1972
- Stephen Colberts long goodbye is coming to an end, leaving a void
- Battle of the family SUVs: Hyundai Palisade vs Kia Telluride
- Demand soars for Israels battle-tested weapons tech despite global criticism of its wartime conduct
- Single Gen Z women outpace Gen Z men to homeownership despite overall decline in first-time buyers
- Trump orders banks to take a closer look at clients citizenship in new immigration enforcement move
Tue, 19 May 2026
- UN lowers forecast for global economic growth in 2026 over Mideast energy crisis
- Jell-O is jiggling its way toward more natural ingredients
- US government agrees to drop tax claims against Trump in broadening of IRS lawsuit settlement
- Trump discloses thousands of stock trades, some in companies directly influenced by his policies
- Google announces slew of AI advances, including a personal AI assistant coming soon
- Democratic-led states challenge the Trump administrations new caps on federal student loans
- US stocks fall further from their records after bond markets crank up the pressure
- Canadian miner Sherritt International stops plan to dissolve Cuban joint venture
- Appeals court judges appear to be divided over Pentagons legal dispute with AI company Anthropic
- Graduates are booing pep talks on AI at college commencements
- Affordable Care Act enrollment projected to plunge by 5 million as costs spike, analysis shows
- The market powerful enough to sway stocks and Trump is rumbling again
- Malaysia seeks $251 million from Kongsberg after Norway scuttles missile deal
- Video and satellite photos show Iran war oil spill on Persian Gulf island
- Home Depot profit falls, but it tops expectations in the face of growing economic uncertainty
- OpenAI avoided a costly court loss to Elon Musk, but neither side is unscathed
- Busiest US commuter rail system to resume operations as deal reached to end strike
- Negotiators reach a deal to end strike on North Americas busiest commuter rail system
- Justice Department announces nearly $1.8B fund to compensate Trump allies in a deal to drop IRS suit
Mon, 18 May 2026
- The New York Times sues the Pentagon a second time over Hegseths media restrictions
- Oil prices keep swinging, and so do stocks worldwide
- Federal court rejects Elon Musks claims against OpenAI, saying he filed his lawsuit too late
- Trump to announce an expansion of his discounted-drug website TrumpRx
- A new Swatch model is introduced, and a case study in overexcited drop culture plays out
- Brazilian court to rule on whether Belo Suns Amazon gold mine stays suspended
- Bessent grants a 30-day extension for Russian oil in tankers as Iran war squeezes supply
- Judge allows gun and notebook as evidence at Mangiones trial in UnitedHealthcare CEOs killing
- NextEra, Dominion want to create a massive power company as AI drives energy demand in the US
- Supreme Court rejects appeals from drug manufacturers over Medicare price negotiations
- Summer travelers who relied on Spirit Airlines may struggle to find budget alternatives
- Pop star Shakira is acquitted in a Spanish tax fraud case
- China agrees to boost trade for US beef and poultry following Trump-Xi summit
- Will White House correspondents dinner be rescheduled? Some say: Lets call the whole thing off
- Talks to end a strike shutting down the largest US commuter rail system will resume Monday
Sun, 17 May 2026
- Demand for cruises appears undimmed despite hantavirus and other onboard outbreaks
- Michael reclaims the top box office spot in its 4th weekend
- Ukraine conducts large-scale drone strikes on Russia, killing 4 and wounding a dozen others
- North Americas largest commuter rail system remains shut a second day as Monday rush hour looms
- As electric bills rise, some states are focusing on the growing profits of utilities
- Hawaiis worst flooding in 20 years leaves farmers struggling and fewer veggies at the market
Sat, 16 May 2026
- Drones, bullets and cartel warfare fuel an invisible displacement crisis in Mexico
- Trumps description of Taiwan as a good negotiating chip with China raises anxieties
- Brass bands in Beijing make way for sticker shock at home as Trump returns to escalating inflation
- Argentinas beef consumption falls to lowest level in 20 years as prices soar
Fri, 15 May 2026
- Trump and Boeing say China agreed to buy 200 aircraft, reopening a key market for the US planemaker
- Berkshire Hathaway triples Alphabet stake and invests in Delta and Macys under new CEO
- AP finishes US restructuring with round of 20 layoffs, part of strategic pivot from print journalism
- Stock markets worldwide drop from records as worries about oil prices rattle the bond market
- Powells tenure as Fed chair marked by fight for independence while trying to tame inflation
- The Latest: After China visit, Trump says hes undecided on sending weapons to Taiwan
- Tech CEOs summoned to Congress for another hearing on social medias risks for children
- Antipoverty advocate Global Citizen hopes the World Cup halftime show drives money for education
- Starbucks to lay off 300 US corporate workers and close regional offices
- Trump weighs Taiwan arms package after summit aimed at steadying US-China ties
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