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Recent Articles from Associated Press
EU braces for Trump tariff hike as deadline nears
FRANKFURT, Germany (AP) — The European Union expects to find out on Monday whether President Donald Trump will impose punishing tariffs on America’s largest trade partner in a move economists have warned would have repercussions for companies and consumers on both sides of the Atlantic. Trump imposed a 20% import tax on all EU-made products in early April as […]
U.S. warns of tariff hikes as Trump deadline nears
Trump’s tariff pause ends Wednesday, with U.S. warning trade partners that higher tariffs could take effect Aug. 1 unless new deals emerge.
Stocks fall as Trump trade deadline, Musk feud rattle Wall St.
Stocks on Wall Street closed broadly lower Monday as the White House stepped up pressure on major trading partners to make deals before punishing tariffs imposed by the U.S. take effect. The S&P 500 fell 0.8% for its biggest loss since mid-June. The benchmark index remains near its all-time high set last week. The Dow […]
Trump signs tax cut bill at July 4 White House event
WASHINGTON (AP) — President Donald Trump signed his package of tax breaks and spending cuts into law Friday after his cajoling produced almost unanimous Republican support in Congress for the domestic priority that could cement his second-term legacy. Flanked by Republican legislators and members of his Cabinet, Trump signed the multitrillion-dollar legislation outside the White […]
House passes Trump’s $4.5T tax cut and spending bill
WASHINGTON (AP) — House Republicans propelled President Donald Trump‘s big trillion-dollar tax breaks and spending cuts bill to final passage Thursday in Congress, overcoming multiple setbacks to approve his signature second-term policy package before a Fourth of July deadline. The tight roll call, 218-214, came at a potentially high political cost, with two Republicans joining all Democ[...]
The US labor market continues to surprise and the unemployment rate, against the odds, is falling
U.S. employers added 147,000 jobs in June as the American labor market continues to show surprising resilience despite uncertainty over President Donald Trump‘s economic policies. The unemployment rate ticked down to 4.1% from 4.2% in May, the Labor Department said Thursday. Hiring rose modestly from a revised 144,000 in May and beat economists expectations of fewer […]
Del Monte, the 139-year-old canned fruits and vegetables company, seeks bankruptcy protection
Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as U.S. consumers increasingly bypass its products for healthier or cheaper options. Del Monte has secured $912.5 million in debtor-in-possession financing that will allow it to operate normally as the sale progresses. “After a thorough evaluation […]
Analysis shows Trump’s tariffs would cost US employers $82.3 billion
WASHINGTON (AP) — An analysis finds a critical group of U.S. employers would face a direct cost of $82.3 billion from President Donald Trump‘s current tariff plans, a sum that could potentially be managed through price hikes, layoffs, hiring freezes or lower profit margins. The analysis by the JPMorganChase Institute is among the first to measure […]
Microsoft Begins Second Round of Mass Layoffs
REDMOND, Wash. (AP) — Microsoft is firing thousands of workers, its second mass layoff in months. The tech giant began sending out layoff notices Wednesday. The company declined to say how many people would be laid off but said that it will comprise less than 4% of the workforce it had a year ago. Microsoft said the […]
Senate passes Trump’s big tax breaks and spending cuts bill as Vance breaks 50-50 tie
WASHINGTON (AP) — Senate Republicans hauled President Donald Trump‘s big tax breaks and spending cuts bill to passage Tuesday on the narrowest of margins, pushing past opposition from Democrats and their own GOP ranks after a turbulent overnight session. The outcome capped an unusually tense weekend of work at the Capitol, the president’s signature legislative priority teetering [...]
