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Recent Articles from Associated Press
Inflation cooled again even as some tariffs took effect. But economists don’t expect that to last
U.S. inflation cooled to 2.3% in April, its lowest in four years, despite new tariffs. Economists expect price hikes by summer as trade effects deepen.
S&P 500 surges 2.7% after the U.S. and China announce a 90-truce in their trade war
NEW YORK (AP) — Stocks are surging on Wall Street after China and the United States announced a 90-day truce in their trade war. They agreed to take down most of their tariffs that economists warned could start a recession and create shortages on U.S. store shelves. The S&P 500 was 2.7% higher in [...]
US and China take a step back from sky-high tariffs and agree to pause for 90 days for more talks
The U.S. and China agreed to cut tariffs and pause their trade war for 90 days, calming markets and renewing hopes for a long-term deal.
Tariff talks begin between US and Chinese officials in Geneva as the world looks for signs of hope
U.S. and Chinese officials meet in Geneva to ease a growing tariff war, with global trade and economic stability hanging in the balance.
More warning signs emerge for US travel industry as summer nears
Expedia cites reduced U.S. travel demand for its weak Q1 revenue, as consumer confidence dips and tourism from Canada and abroad continues to decline.
Judge pauses much of Trump administration’s massive downsizing of federal agencies
A judge blocked the Trump administration’s sweeping federal job cuts, ruling that major agency reductions require congressional cooperation.
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.
Air traffic controllers for Newark airport briefly lose radar access again
Newark Airport faces new delays after second radar outage in two weeks. FAA promises upgrades as outdated tech and staffing woes plague air traffic.
Average rate on a US 30-year mortgage holds steady at 6.76%, not far from highest levels this year
The 30-year mortgage rate stays at 6.76% for a second week, as affordability challenges persist and economists expect continued rate volatility in 2024.
