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Virginia unemployment claims rise amid federal layoffs
Virginia jobless claims rose in early May, with experts citing federal spending cuts, tariffs and contract reductions as key factors in the surge.
As US and China begin trade talks in Geneva, Trump’s tariff hammer looks less mighty than he claims
Trump raises China tariffs to 145%, sparking retaliation and global market jitters as trade talks begin in Geneva with no clear resolution in sight.
Two dolls instead of 30? Toys become the latest symbol of Trump’s trade war
Trump's comments on doll tariffs spark criticism as toy makers warn of price hikes and shortages. U.S. toy industry braces for trade war fallout.
Wall Street drifts as it waits for a highly anticipated US-China meeting on trade
U.S. stocks drift as Wall Street eyes U.S.-China trade talks in Switzerland. Lyft, TSMC, and Insulet rally while Expedia and Sweetgreen fall.
Fed holds interest rate at 4.3% amid tariff and inflation uncertainty
The Fed kept rates steady at 4.3%, citing rising risks of inflation and unemployment due to Trump’s sweeping tariffs on imports from China and beyond.
Fed holds rates steady amid tariff-driven inflation risk
The Fed keeps interest rates unchanged as it weighs Trump’s tariffs, inflation risk, and economic uncertainty before deciding on possible future cuts.
Federal Reserve likely to defy Trump, keep rates unchanged this week
The Federal Reserve is expected to hold interest rates steady despite pressure from Trump and tariff concerns, as inflation remains above target.
Buffett says US shouldn’t use ‘trade as a weapon’ as Trump has done with tariffs
Warren Buffett criticizes Trump’s tariffs, urges global trade, and shares insights on markets, succession plans, and Berkshire’s $347B cash reserves.
Senate blocks Kaine-sponsored bid to stop Trump’s tariffs
Senate Republicans block a resolution cosponsored by U.S. Sen. Tim Kaine to halt Trump’s global tariffs, highlighting GOP divides and rising economic concerns.
Trump’s tariffs echo Hoover-era economic missteps
Trump's 2025 tariffs trigger market turmoil, drawing comparisons to Hoover's Depression-era policies and warnings from economists and business leaders.
US inflation cools and Americans step up spending as they brace for tariff impact
Inflation slowed to 2.3% in March while consumer spending jumped, especially on cars, ahead of Trump's tariffs. Fed expected to hold interest rates.
Major companies face a difficult task in estimating the impact of tariffs on their business
Top companies like Kraft Heinz, JetBlue, and GM report financial strain and outlook changes as Trump’s tariffs drive economic and consumer uncertainty.
