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European postal services halt U.S. package shipments
Postal services in Germany, Italy, Sweden and more are suspending shipments to the U.S. as new import duties take effect Aug. 29.
Home Depot Q2 sales rise but miss Wall Street forecast
Home Depot’s sales improved during its fiscal second quarter as consumers remained focused on smaller projects amid cost concerns and economic uncertainty, but its performance missed Wall Street’s expectations. The Atlanta-based company also said shoppers should expect modest price increases in some categories as a result of rising tariff costs, though they won’t be broad-based. [...]
US stocks drift around their record heights as Wall Street braces for an update on inflation
U.S. stocks edge lower as investors await July inflation data, with fears Trump’s tariffs could spark stagflation and sway Fed rate cuts.
Stocks mixed as Trump tariffs take effect worldwide
Stocks are drifting in mixed trading on Wall Street Thursday after President Donald Trump‘s latest tariffs took effect on dozens of countries. The S&P 500 edged down by 0.1% after climbing earlier in the day to the edge of its record, which was set late last month. The Dow Jones Industrial Average was down 330 points, or […]
Trump imposes 100% tariff on imported computer chips
WASHINGTON (AP) — President Donald Trump said Wednesday that he will impose a 100% tariff on computer chips, raising the specter of higher prices for electronics, autos, household appliances and other essential products dependent on the processors powering the digital age. “We’ll be putting a tariff of approximately 100% on chips and semiconductors,” Trump said in the […]
Trump’s broad tariffs go into effect just as US economic pain is surfacing
WASHINGTON (AP) — President Donald Trump began imposing higher import taxes on dozens of countries Thursday just as the economic fallout of his monthslong tariff threats has begun to cause visible damage to the U.S. economy. Just after midnight, goods from more than 60 countries and the European Union became subject to tariff rates of 10% or higher. Products […]
A rally for Apple leads Wall Street higher
Wall Street rose Wednesday with Apple jumping 6% ahead of a White House event. Strong earnings from McDonald's and Shopify helped lift stocks.
Trump to put additional 25% import taxes on India, bringing combined tariffs to 50%
WASHINGTON (AP) — President Donald Trump signed an executive order Wednesday to place an additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%. The tariffs would go into effect 21 days after the signing of the order, meaning that both India and Russia might have time […]
Trump will highlight Apple’s plans to invest $100 billion more in US, raising total to $600 billion
WASHINGTON (AP) — President Donald Trump on Wednesday is expected to celebrate at the White House a commitment by Apple to increase its U.S. investments by an additional $100 billion over the next four years. “Today’s announcement with Apple is another win for our manufacturing industry that will simultaneously help reshore the production of critical components to […]
Trump announces 25% tariff on India and unspecified penalties for buying Russian oil
WASHINGTON (AP) — The United States will impose a 25% tariff on goods from India, plus an additional import tax because of India’s purchasing of Russian oil, President Donald Trump said Wednesday. India “is our friend,” Trump said on his Truth Social platform, but its tariffs on U.S. products “are far too high.” The Republican […]
Trump imposes 50% tariffs on Brazil over Bolsonaro case
WASHINGTON (AP) — President Donald Trump signed an executive order Wednesday to impose his threatened 50% tariffs on Brazil, setting a legal rationale that Brazil’s policies and criminal prosecution of former President Jair Bolsonaro constitute an economic emergency under a 1977 law. Trump had threatened the tariffs July 9 in a letter to President Luiz Inacio Lula da Silva. But [&[...]
Federal Reserve leaves interest rates unchanged even as Trump demands cuts
WASHINGTON (AP) — The Federal Reserve left its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President Donald Trump for a cut. The Fed’s decision Wednesday leaves its key short-term rate at about 4.3%, where it has stood after the central bank made three cuts last year. During […]
