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Apr 30, 2025

Tariffs spark uncertainty for Virginia port and shippers

Shipping and logistics companies and related maritime industries worry about the impacts of President Trump's global trade war and international tariffs. In a worst-case scenario, long-term tariffs on imports and exports would have a cascading effect, accumulating downstream across the economy, economists say.

Apr 30, 2025

Tariffs, politics drive uncertainty for shipping

Rising tariffs, Red Sea attacks, and labor costs create instability for shippers and could impact Port of Virginia operations and U.S. supply chain

Wall Street sign in lower Manhattan New York, USA
Apr 24, 2025

Wall Street rallies as companies keep piling up profits, for now at least

U.S. stocks are rallying further as better-than-expected profits for U.S. companies pile up, though CEOs say they’re unsure whether it will last because of uncertainty created by President Donald Trump’s trade war.

People work on the floor at the New York Stock Exchange in New York, Wednesday, March 19, 2025. (AP Photo/Seth Wenig)
Apr 21, 2025

US stocks sink with the US dollar’s value as investors retreat further from the United States

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stocks are tumbling Monday as investors worldwide get more skeptical about U.S. investments because of President Donald Trump‘s trade war and his criticism of the Federal Reserve, which are shaking the traditional order. The S&P 500 sank 3.4% in another wipeout. […]

Apr 16, 2025

Retail sales rise 1.4% in March as shoppers stock up on big ticket items ahead of tariffs

NEW YORK (AP) — U.S. shoppers stepped up their shopping last month, fueled by a spending spree on big ticket items, particularly cars, before President Donald Trump‘s expansive new tariffs started kicking in. But analysts were quick to point out that the data wasn’t a sign of strength but underscored the extreme economic uncertainty that […]

New York Stock Exchange facade on Wall Street. PHOTO: ADOBESTOCK
Apr 16, 2025

US stocks tumble as Nvidia slides and the fog of Trump’s trade war thickens

NEW YORK (AP) — U.S. stocks are tumbling Wednesday after Nvidia warned new U.S. restrictions on exports to China will chisel billions of dollars off its results, while companies around the world said President Donald Trump‘s trade war is clouding forecasts for how they or the economy will do this year. The S&P 500 was 3% lower in late trading, an […]

Apr 15, 2025

Wall Street ticks higher in a rare quiet day following weeks of tariff turmoil

NEW YORK (AP) — U.S. stocks are rising Tuesday in a rare quiet day for financial markets, for now at least. The S&P 500 was up 0.3% in afternoon trading, though it’s been prone to huge swings not just day to day but also hour to hour. The day before, it went from a gain of 1.8% to a slight […]

Apr 14, 2025

China’s Xi says there are no winners in a tariff war as he visits Southeast Asia

HANOI, Vietnam (AP) — China‘s leader Xi Jinping said no one wins in a trade war as he kicked off a diplomatic tour of Southeast Asia on Monday, presenting China as a force for stability in contrast with U.S. President Donald Trump‘s latest moves on tariffs, Although Trump has paused some tariffs, he has kept in […]

Wall Street sign in lower Manhattan New York, USA
Apr 14, 2025

Stocks rally worldwide after Trump eases some of his tariffs on electronics, for now

NEW YORK (AP) — Stocks are rising worldwide Monday after President Donald Trump relaxed some of his tariffs, for now at least, and as stress from within the U.S. bond market seems to be easing. The S&P 500 was 0.5% higher in midday trading, though trading is still shaky, and it gave back most of its bigger, early gain […]

Apr 11, 2025

US stocks climb in shaky trading but the US dollar and government bonds sink as trade-war fears rise

NEW YORK (AP) — U.S. stocks are climbing in shaky trading Friday as President Donald Trump‘s trade war with China escalates further and U.S. households get more worried about it. Gold’s price is rising, the U.S. dollar’s value is falling and other financial markets are also swinging in indications of fear about where the U.S. economy will ultimately fit in the worldR[...]

Apr 11, 2025

JPMorgan logs Q1 profit of $14.6 billion as CEO warns of uncertainty over global trade, other events

NEW YORK (AP) — JPMorgan’s net income rose 9% to $14.6 billion in the first quarter and the New York bank beat Wall Street’s profit and revenue targets, but it’s chief executive warned of global economic uncertainties ahead due to President Donald Trump‘s ongoing trade war and other geopolitical tensions. CEO Jamie Dimon said a strong performance […]

Apr 11, 2025

The Latest: Global tariff battle escalates as China retaliates with 125% tariffs on US goods

China announced Friday that it will raise tariffs on U.S. goods from 84% to 125% — the latest salvo in an escalating trade war between the world’s two largest economies that has rattled markets and raised fears of a global slowdown. While U.S. President Donald Trump paused import taxes this week for other countries, he raised tariffs on China and […]

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