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US Treasury secretary says trade war with China is not ‘sustainable’
Apr 22, 2025

US Treasury secretary says trade war with China is not ‘sustainable’

WASHINGTON (AP) — U.S. Treasury Secretary Scott Bessent said in a Tuesday speech that the ongoing tariffs showdown against China is unsustainable and expects a “de-escalation” in the trade war between the world’s two largest economies. But in a private speech in Washington for JPMorgan Chase, Bessent also cautioned that talks between the United States […]

The Latest: As controversies pile up, Trump allies increasingly turn on one another
Apr 22, 2025

The Latest: As controversies pile up, Trump allies increasingly turn on one another

The infighting and backstabbing that plagued Trump‘s first term have returned as a threat to his second, with deepening fissures over trade, national security and questions of personal loyalty. The latest turmoil threatens to engulf the Pentagon, where Defense Secretary Pete Hegseth has pushed out top advisers and faces fresh controversy over sharing sensitive information about airstri[...]

Big Tech’s ‘Magnificent Seven’ heads into earnings season reeling from Trump turbulence
Apr 21, 2025

Big Tech’s ‘Magnificent Seven’ heads into earnings season reeling from Trump turbulence

SAN FRANCISCO (AP) — As Big Tech kicks off its quarterly earnings season this week, the industry’s bellwether companies have been thrust into a cauldron of uncertainty and turmoil that they didn’t anticipate when Donald Trump re-entered the White House nearly 100 days ago. Since President Trump’s Jan. 20 inauguration, Big Tech stocks have been […]

Volvo to lay off 250-350 workers in Pulaski
Apr 21, 2025

Volvo to lay off 250-350 workers in Pulaski

Volvo plans to lay off 250 to 350 workers at its Pulaski County facility in June, according to John Mies, a spokesperson for Volvo Group North America. Between 300 and 450 employees will also be laid off at the company’s Mack Trucks Lehigh Valley Operations in Pennsylvania and at its Volvo Group Powertrain Operations in […]

FILE - In this July 31, 2019, file photo, Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. (AP Photo/Manuel Balce Ceneta, File)
Apr 21, 2025

Trump renews attack on Federal Reserve Chair Powell

WASHINGTON (AP) — President Donald Trump repeated his attacks Monday against the chair of the Federal Reserve, demanding that the central bank lower its key interest rate to boost the economy. Trump called Jerome Powell “a major loser” and said that energy and grocery prices are “substantially lower” and “there is virtually No Inflation.” Yet Trump said the […]

Trader Sal Suarino works on the floor of the New York Stock Exchange, Monday, April 21, 2025. (AP Photo/Richard Drew)
Apr 21, 2025

The Dow sinks nearly 1,000 points

NEW YORK (AP) — Wall Street weakened 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 2.4% in another wipeout. That yanked the index that’s at the center of many 401(k) accounts 16% below […]

Rendering of an industrial facility that sits next to a pond.
Apr 17, 2025

Federal ‘uncertainty’ delays start of $1.3B Microporous project in Pittsylvania

Construction on Microporous’ $1.3 billion lithium-ion battery separator plant at the Southern Virginia Megasite at Berry Hill will be delayed from April until June or July, following uncertainty regarding its federal funding, according to a Pittsylvania County official. Matt Rowe, Pittsylvania’s economic development director, said Thursday he feels that the Tennessee company’s $1[...]

Trump gripes about interest rates and says Fed Chair Powell’s ‘termination cannot come fast enough’
Apr 17, 2025

Trump gripes about interest rates and says Fed Chair Powell’s ‘termination cannot come fast enough’

WASHINGTON (AP) — President Donald Trump slammed Federal Reserve Chair Jerome Powell on Thursday, reiterating his frustration that the Fed has not aggressively cut interest rates and saying that the central bank leader’s “termination cannot come fast enough.” Trump hinted at moving to fire Powell, whose term does not expire until May 2026. The Republican president’s broadsi[...]

US stocks dive as euphoria on Wall Street reverts to fear about US-China trade war
Apr 17, 2025

Wall Street is mixed after UnitedHealth’s worst drop in decades offsets gains for most US stocks

NEW YORK (AP) — Wall Street is drifting between gains and losses Thursday as UnitedHealth Group’s stock plunges toward its worst drop in more than a quarter century, while most of the rest of the U.S. stock market ticks higher. The S&P 500 was up 0.4% in its final day of trading in a holiday-shortened week. The […]

Hong Kong post office will stop shipping parcels to the US over tariffs
Apr 16, 2025

Hong Kong post office will stop shipping parcels to the US over tariffs

HONG KONG (AP) — Hong Kong’s post office will stop shipping small parcels to the United States after Washington announced plans to charge tariffs on small-value parcels from the southern Chinese city, the government said Wednesday. The U.S. government earlier announced that it would end a customs exception allowing small-value parcels from Hong Kong to enter the U.S. without […]

World Trade Organization says global trade could slide this year because of Trump’s tariff policies
Apr 16, 2025

World Trade Organization says global trade could slide this year because of Trump’s tariff policies

GENEVA (AP) — The World Trade Organization says the volume of trade in goods worldwide is likely to decrease by 0.2% this year due to U.S. President Donald Trump‘s shifting tariff policies and a standoff with China, but it would take a more severe hit if Trump carries through on his toughest “reciprocal” tariffs. The decline in […]

California will sue to stop Trump from imposing sweeping tariffs
Apr 16, 2025

California will sue to stop Trump from imposing sweeping tariffs

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom sued the Trump administration on Wednesday, challenging the president’s authority to impose sweeping tariffs that have set off a global trade war. The lawsuit argues that President Donald Trump‘s use of the International Emergency Economic Powers Act to impose tariffs on Mexico, Canada and China or a 10% tariff on […]

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