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U.S., China begin new trade talks in Sweden
STOCKHOLM, Sweden (AP) — Top trade officials from China and the United States launched a new round of talks on Monday in a bid to ease tensions over tariffs between the world’s two biggest national economies. U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng were meeting at the offices of Swede[...]
U.S., EU agree to 15% tariff in new trade framework
EDINBURGH, Scotland (AP) — The United States and the European Union agreed on Sunday to a trade framework setting a 15% tariff on most goods, staving off — at least for now — far higher import duties on both sides that might have sent shock waves through economies around the globe. The sweeping announcement came after [...]
Coldplay viral video prompts two executive resignations
The executive who was caught on camera embracing the CEO of her company at a Coldplay concert in a moment that went viral has resigned. The company, Astronomer, confirmed that its executive in charge of human resources has left. “Kristin Cabot is no longer with Astronomer, she has resigned,” spokesman Taylor Jones said i[...]
Trump and Powell bicker over Fed building renovations as president ratchets up pressure campaign
WASHINGTON (AP) — After months of criticizing Federal Reserve Chair Jerome Powell, President Donald Trump took the fight to the Fed’s front door on Thursday, publicly scorning the central bank chief over the ballooning costs of a long-planned building project. Powell pushed back, challenging the president’s latest[...]
Tesla shares sink as Musk says it could face some ‘rough quarters’ ahead
NEW YORK (AP) — Tesla shares sank Thursday after CEO Elon Musk said the company could face a “few rough quarters” as it transitions to a future focused less on selling cars and more on offering people rides in self-driving cars. Late Wednesday, the electric vehicle maker reported another quarter of lackluster financial re[...]
UnitedHealth says it is under a federal investigation and cooperating
Shares of UnitedHealth Group slipped Thursday after the health care giant said it was under a Department of Justice investigation. The company said it has started complying with both criminal and civil requests from federal investigators and it was cooperating with them. “(UnitedHealth) has a long record of responsible conduct[...]
Union Pacific, Norfolk Southern confirm merger talks
Union Pacific and Norfolk Southern confirmed Thursday that they are in merger talks that would create a single U.S railroad with service stretching from the East to the West Coast. The Associated Press reported last week that the companies were discussing a tie-up but neither company confirmed until Thursday morning. The poten[...]
U.S. automakers warn of fallout from Japan trade deal
WASHINGTON (AP) — U.S. automakers are concerned about President Donald Trump‘s agreement to tariff Japanese vehicles at 15%, saying they will face steeper import taxes on steel, aluminum and parts than their competitors. “We need to review all the details of the agreement, but this is a deal that will charge lower ta[...]
Trump announces new tariffs on Japan
WASHINGTON (AP) — President Donald Trump announced a trade framework with Japan on Tuesday, placing a 15% tax on goods imported from that nation. “This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it,” Trump posted on Truth Social, adding that the United States “will continue to a[...]
Coca-Cola to Launch Cane Sugar Cola in U.S.
Coca-Cola said Tuesday it will add a cane-sugar version of its trademark cola to its U.S. lineup this fall, confirming a recent announcement by President Donald Trump. Trump said in a social media post last week that Coca-Cola had agreed to use real cane sugar in its flagship product in the U.S., which has been sweetened with [...]
Trump threatens NFL stadium deal over team name
CLEVELAND (AP) — President Donald Trump is threatening to hold up a new stadium deal for Washington’s NFL team if it does not restore its old name of the Redskins, which was considered offensive to Native Americans. Trump also said Sunday that he wants Cleveland’s baseball team to revert to its former name, the In[...]
Retailers face holiday uncertainty over Trump tariffs
NEW YORK (AP) — With summer in full swing in the United States, retail executives are sweating a different season. It’s less than 22 weeks before Christmas, a time when businesses that make and sell consumer goods usually nail down their holiday orders and prices. But President Donald Trump‘s vacillating trade [...]
