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Recent Articles from Associated Press
Global markets, Wall Street continue to slide after China slaps retaliatory tariffs on imports
Global markets slid further and Wall Street was on track for another day of crushing losses Friday after China responded to U.S. President Donald Trump‘s latest set of tariffs with some of their own. Futures for the S&P 500 fell 3.6% before the bell, while futures for the Dow Jones Industrial Average shed 3.4%, falling […]
Amazon’s last-minute bid for TikTok comes as a US ban on the platform is set to take effect Saturday
WASHINGTON (AP) — Amazon has put in a bid to purchase TikTok, a Trump administration official said Wednesday, in an eleventh-hour pitch as a U.S. ban on the platform is set to go into effect Saturday. The official, who was not authorized to comment publicly and spoke on the condition of anonymity, said the Amazon offer was made in a […]
Trump gives GOP senators his support as they charge ahead on tax package and spending cuts
WASHINGTON (AP) — Republican senators unveiled a budget proposal Wednesday that’s central to President Donald Trump’s domestic agenda of tax breaks, spending cuts and border security, but they’re delaying some of the most difficult decisions, including how to pay for the multitrillion-dollar package. Trump hosted Senate Republicans at the White House as they charge ahead to [...]
Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars
WASHINGTON (AP) — President Donald Trump declared on Wednesday a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States, threatening to upend much of the architecture of the global economy and trigger broader trade wars. Trump held up a chart […]
Musk could be headed for a Washington exit after turbulent times at Trump’s DOGE
WASHINGTON (AP) — DOGE’s days appear to be numbered. Elon Musk recently suggested that he will be done with his work in the near future. President Donald Trump told reporters this week that “at some point, he’s going to be going back” to running his companies. As far as the Department of Government Efficiency, Trump said “it will […]
Europe says that it holds a lot of trade cards on the eve of Trump’s tariff ‘Liberation Day’
BRUSSELS (AP) — A top European Union official warned the U.S. on Tuesday that the world’s biggest trade bloc “holds a lot of cards” when it comes to dealing with the Trump administration‘s new tariffs and has a good plan to retaliate if forced to. U.S. President Donald Trump has promised to roll out taxes on […]
Restaurant chain Hooters goes bust and files for bankruptcy protection
Hooters is going bust. The U.S. restaurant chain, known for chicken wings and its skimpy “Hooters Girls” wait-staff outfits, has filed for bankruptcy protection. HOA Restaurant Group filed the motion for Chapter 11 protection Monday in the North Texas Bankruptcy Court in Dallas. It’s the latest legacy restaurant chain to run into financial trouble amid high […]
Federal prosecutors to seek death penalty for Luigi Mangione in UnitedHealthcare CEO’s killing
NEW YORK (AP) — U.S. Attorney General Pam Bondi said Tuesday that she has directed prosecutors to seek the death penalty against Luigi Mangione, the man accused of gunning down UnitedHealthcare CEO Brian Thompson, following through on the president’s campaign promise to vigorously pursue capital punishment. It is the first time the Justice Department has sought to bring the death [&he[...]
Trump administration cancels clean energy grants as it prioritizes fossil fuels
President Donald Trump‘s administration is terminating grants for two clean energy projects and roughly 300 others funded by the Department of Energy are in jeopardy as the president prioritizes fossil fuels. The DOE is canceling two awards to a nonprofit climate think tank, RMI in Colorado, according to a document from the agency confirming the […]
A federal judge temporarily blocks parts of Trump’s anti-DEI executive orders
CHICAGO (AP) — A federal judge has temporarily blocked the U.S. Department of Labor from implementing parts of President Donald Trump‘s executive orders aimed at curbing diversity, equity and inclusion efforts among federal contractors and grant recipients. Judge Matthew Kennelly of the U.S. District Court for the Northern District of Illinois halted the Labor Department […]
