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Trump is set to announce ‘reciprocal’ tariffs in a risky move that could reshape the economy
WASHINGTON (AP) — After weeks of White House hype and public anxiety, President Donald Trump is set on Wednesday to announce a barrage of self-described reciprocal tariffs on friend and foe alike. The new tariffs, coming on what Trump has called “Liberation Day,” are a bid to boost U.S. manufacturing and punish other c[...]
Europe says that it holds a lot of trade cards on the eve of Trump’s tariff ‘Liberation Day’
BRUSSELS (AP) — A top European Union official warned the U.S. on Tuesday that the world’s biggest trade bloc “holds a lot of cards” when it comes to dealing with the Trump administration’s new tariffs and has a good plan to retaliate if forced to. U.S. President Donald Trump has promised to roll out taxes on [[...]
No batteries? Thinner packaging? US businesses look for ways to offset tariffs
NEW YORK (AP) — Gadgets sold without batteries. Toys sold in slimmed-down boxes or no packaging at all. More household goods that shoppers need to assemble themselves. These are some of the ways consumer product companies are retooling their wares to reduce costs and avoid raising prices as President Donald Trump levies new [...]
Restaurant chain Hooters goes bust and files for bankruptcy protection
Hooters is going bust. The U.S. restaurant chain, known for chicken wings and its skimpy “Hooters Girls” wait-staff outfits, has filed for bankruptcy protection. HOA Restaurant Group filed the motion for Chapter 11 protection Monday in the North Texas Bankruptcy Court in Dallas. It’s the latest legacy restaurant chain[...]
Federal prosecutors to seek death penalty for Luigi Mangione in UnitedHealthcare CEO’s killing
NEW YORK (AP) — U.S. Attorney General Pam Bondi said Tuesday that she has directed prosecutors to seek the death penalty against Luigi Mangione, the man accused of gunning down UnitedHealthcare CEO Brian Thompson, following through on the president’s campaign promise to vigorously pursue capital punishment. It is th[...]
Stock market today: More swerves hit Wall Street as Trump’s “Liberation Day” nears
NEW YORK (AP) — U.S. stocks are swerving through another shaky day of trading Tuesday, with uncertainty still high about just what President Donald Trump will announce about tariffs on his “Liberation Day” coming Wednesday. The S&P 500 was down by 0.2% in afternoon trading after trimming an early drop of 1%. The Do[...]
NASA’s newly returned astronauts say they would fly on Boeing’s Starliner capsule again
CAPE CANAVERAL, Fla. (AP) — NASA’s celebrity astronauts Butch Wilmore and Suni Williams said Monday that they hold themselves partly responsible for what went wrong on their space sprint-turned-marathon and would fly on Boeing’s Starliner again. SpaceX recently ferried the duo home after more than nine months at th[...]
Stock markets fall worldwide as Trump’s ‘Liberation Day’ approaches
NEW YORK (AP) — President Donald Trump‘s “Liberation Day” is fast approaching, and stock markets from Wall Street to Wellington, New Zealand, are falling Monday in advance of it. In New York, the S&P 500 was down 0.4% following one of its worst losses of the past couple of years on Friday. It’s on t[...]
Trump administration cancels clean energy grants as it prioritizes fossil fuels
President Donald Trump‘s administration is terminating grants for two clean energy projects and roughly 300 others funded by the Department of Energy are in jeopardy as the president prioritizes fossil fuels. The DOE is canceling two awards to a nonprofit climate think tank, RMI in Colorado, according to a document from th[...]
Convicted of bilking investors, Nikola founder and Trump donor gets a presidential pardon
Trevor Milton, the founder of electric vehicle startup Nikola who was sentenced to prison last year for fraud, was pardoned by President Donald Trump, the White House confirmed Friday. The pardon of Milton, who was sentenced to four years in prison for exaggerating the potential of his technology, could wipe out hundreds of mill[...]
US consumers remained cautious about spending last month as inflation ticked higher
WASHINGTON (AP) — Inflation picked up last month and consumers barely raised their spending, signs that the economy was already cooling even before most tariffs were imposed. Friday’s report from the Commerce Department showed that consumer prices increased 2.5% in February from a year earlier, matching January’[...]
A federal judge temporarily blocks parts of Trump’s anti-DEI executive orders
CHICAGO (AP) — A federal judge has temporarily blocked the U.S. Department of Labor from implementing parts of President Donald Trump‘s executive orders aimed at curbing diversity, equity and inclusion efforts among federal contractors and grant recipients. Judge Matthew Kennelly of the U.S. District Court for the Northe[...]
