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Recent Articles from Associated Press
Most US stocks fall, but Nvidia keeps Wall Street near records
NEW YORK (AP) — Most U.S. stocks are falling on Tuesday after an update on inflation hurt Wall Street‘s hopes for lower interest rates. But indexes are staying close to their records thanks to Nvidia, the market’s most influential stock. The S&P 500 was down 0.1% in midday trading and just a bit below its all-time high, […]
US inflation accelerated in June as Trump’s tariffs start to bite
WASHINGTON (AP) — Inflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs are pushing up the cost of a range of goods, including furniture, clothing, and large appliances. Consumer prices rose 2.7% in June from a year earlier, the Labor Department said Tuesday, up from an annual increase of […]
Supreme Court allows Trump to lay off nearly 1,400 Education Department employees
WASHINGTON (AP) — The Supreme Court is allowing President Donald Trump to put his plan to dismantle the Education Department back on track — and to go through with laying off nearly 1,400 employees. With the three liberal justices in dissent, the court on Monday paused an order from U.S. District Judge Myong Joun in Boston, who […]
Under fire by Trump over costs, Chair Powell seeks watchdog review of Fed building overhaul
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell has asked an inspector general to review the cost of the central bank’s building renovations that White House officials have attacked as “ostentatious.” A spokesperson for the inspector general, an independent watchdog, confirmed the request and declined further comment. The request was previously reported by CNBC. The Fed has [&h[...]
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 […]
Trump announces 30% tariffs against EU, Mexico to begin Aug. 1, rattling major US trading partners
BRIDGEWATER, N.J. (AP) — President Donald Trump on Saturday announced he’s levying tariffs of 30% against the European Union and Mexico starting Aug. 1, a move that could cause massive upheaval between the United States and two of its biggest trade partners. Trump detailed the planned tariffs in letters posted to his social media account. They are part of […]
‘Abolished’: State Department is laying off over 1,300 employees under Trump administration plan
The U.S. State Department is firing more than 1,300 employees on Friday in line with a dramatic reorganization plan from the Trump administration that critics say will damage America’s global leadership and efforts to counter threats abroad. The department has begun sending layoff notices to 1,107 civil servants and 246 foreign service officers with assignments in the United States, [&he[...]
US stocks move lower and pull S&P 500 back from its record
U.S. stocks are lower in afternoon trading Friday, pulling the market back from all-time highs, as the Trump administration escalates its tariff threats against Canada. The S&P 500 was down 0.2% a day after setting a record high. The benchmark index is on pace to post its first weekly loss in three weeks. The Dow […]
