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Wall Street holds steadier following a whipsaw couple of days
NEW YORK (AP) — U.S. stock indexes are slipping Tuesday following the latest discouraging signal on the U.S. economy. The S&P 500 was down 0.4% in afternoon trading, coming off its best day since May, which followed its worst day since May. The Dow Jones Industrial Average was down 49 points, or 0.1%, as of 12:16 […]
Stocks rebound after jobs report, rate cut hopes rise
U.S. stocks are rallying and recovering much of their sharp losses from last week, when worries about how President Donald Trump‘s tariffs may be punishing the economy sent a shudder through Wall Street. The S&P 500 jumped 1.1% in midday trading to claw back more than two thirds of Friday’s drop. The Dow Jones Industrial Average was up 426 […]
US employers slash hiring as Trump advances a punishing trade agenda
U.S. job growth slows as Trump’s tariffs shake business confidence. Unemployment ticks up, job revisions drop sharply, and markets react.
Trump and Powell bicker over Fed building renovations as president ratchets up pressure campaign
WASHINGTON (AP) — After months of criticizing Federal Reserve Chair Jerome Powell, President Donald Trump took the fight to the Fed’s front door on Thursday, publicly scorning the central bank chief over the ballooning costs of a long-planned building project. Powell pushed back, challenging the president’s latest price tag as incorrect. Wearing hard hats and grim […]
U.S. automakers warn of fallout from Japan trade deal
WASHINGTON (AP) — U.S. automakers are concerned about President Donald Trump‘s agreement to tariff Japanese vehicles at 15%, saying they will face steeper import taxes on steel, aluminum and parts than their competitors. “We need to review all the details of the agreement, but this is a deal that will charge lower tariffs on Japanese autos with […]
Stocks rise to record on U.S.–Japan trade deal news
NEW YORK (AP) — U.S. stocks are ticking toward another record on Wednesday following a trade deal between the world’s No. 1 and No. 4 economies, one that would lower proposed tariffs on Japanese imports coming to the United States. The S&P 500 was 0.5% higher, coming off its latest all-time high. The Dow Jones Industrial Average was up 431 points, […]
Stocks rise ahead of earnings; Domino’s, Verizon pop
NEW YORK (AP) — U.S. stocks are rising toward more records on Monday ahead of a week full of profit updates from big U.S. companies, which Wall Street expects to keep growing despite pressure from President Donald Trump‘s tariffs. The S&P 500 was 0.6% higher in afternoon trading and above its all-time high set on Thursday. The […]
Retail sales rebound in June despite tariff concerns
WASHINGTON (AP) — After an earlier pullback, consumers picked up their spending in June despite anxiety over tariffs and the state of the U.S. economy. Retail sales rose a better-than-expected 0.6% in June after declining 0.9% in May, the Commerce Department said Thursday. Sales in April fell 0.1%, pulled down by a steep drop in auto sales, after Americans […]
The tariff-driven inflation that economists feared begins to emerge
WASHINGTON (AP) — Inflation rose last month to its highest level since February as President Donald Trump‘s sweeping tariffs push up the cost of everything from groceries and clothes to furniture and appliances. Consumer prices rose 2.7% in June from a year earlier, the Labor Department said Tuesday, up from an annual increase of 2.4% […]
US manufacturers are stuck in a rut despite subsidies from Biden and protection from Trump
WASHINGTON (AP) — Democrats and Republicans don’t agree on much, but they share a conviction that the government should help American manufacturers, one way or another. Democratic President Joe Biden handed out subsidies to chipmakers and electric vehicle manufacturers. Republican President Donald Trump is building a wall of import taxes — tariffs — around the […]
European trade ministers pledge unity after Trump’s surprise 30% tariffs
BRUSSELS (AP) — European trade ministers were hopeful Monday for a negotiated trade deal after President Donald Trump announced 30% tariffs on the European Unio n, but also expressed resolve in preparing countermeasures if talks break down. The ministers met Monday in Brussels following Trump‘s surprise announcement of such hefty tariffs, which could have repercussions for governments, [[...]
Wall Street hangs near its record as doubts continue about Trump’s proposed tariffs
NEW YORK (AP) — U.S. stock indexes hung near their records on Monday following President Donald Trump‘s latest updates to his tariffs, as speculation continues on Wall Street that he may ultimately back down on them. The S&P 500 edged up by 0.1% to pull within 0.2% of its all-time high set on Thursday. The […]
