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EU plans countermeasures against US steel tariffs
The EU warns of “defensive” actions if trade talks with the US fail, following surprise steel tariffs that shook global markets.
30-year mortgage rates climb to 6.89%, highest since Feb
U.S. 30-year mortgage rates rise to 6.89%, their highest level since February, pushing borrowing costs up and slowing home sales.
States offer big incentives for data centers’ growth
States across the U.S. are competing to attract data centers by offering major incentives and tax breaks, sparking pushback in local communities.
Trump tells US steelworkers he’s going to double tariffs on foreign steel from 25% to 50%
WEST MIFFLIN, Pa. (AP) — President Donald Trump said Friday that he’s doubling the tariff rate on steel to 50%, a dramatic increase that could further push up prices for a metal used to make housing, autos and other goods. Trump spoke at U.S. Steel’s Mon Valley Works–Irvin Plant in West Mifflin, Pennsylvania, nea[...]
Trump gives Musk Oval Office sendoff, crediting him with ‘colossal change’
Elon Musk steps down from the Department of Government Efficiency. Trump praises his reforms, while critics note deep budget cuts and confusion.
DOJ seeks to drop Boeing fraud charge in 737 Max case
DOJ seeks to dismiss Boeing's 737 Max fraud charge after $1.1B deal; judge to decide on the motion.
Appeals court allows Trump to continue collecting tariffs under an emergency powers law for now
A federal appeals court is allowing President Donald Trump to continue collecting tariffs under an emergency powers law for now.
Fed minutes: Uncertainty ‘elevated’ as risks of higher inflation and unemployment rise
WASHINGTON (AP) — Federal Reserve officials agreed earlier this month to hold off on any interest-rate moves while they evaluated the impact of President Donald Trump‘s tariffs on inflation, unemployment, and the broader economy. According to minutes from their May 6-7 meeting, released Wednesday, “almost all” o[...]
Macy’s trims 2025 forecast amid cautious shoppers
NEW YORK (AP) — Macy’s sales and profit slipped in its first quarter and the department store, citing more cautious customers and the impact that a trade war launched by the U.S., trimmed its profit forecast for 2025. The New York retailer, however, topped most performance expectations for the first three months of th[...]
Pratt & Whitney machinists end 3-week strike after approving a new contract
EAST HARTFORD, Conn. (AP) — About 3,000 machinists at jet engine-maker Pratt & Whitney in Connecticut approved a new four-year contract Tuesday, ending a three-week strike over wages, job security and other issues. Union members were expected to return to work Wednesday after 74% of them voted in favor of the new deal, acc[...]
Institute of Peace reclaims its headquarters after court win over Musk’s cost-cutting team
U.S. Institute of Peace returns to HQ after court rules Elon Musk’s DOGE unlawfully fired board and staff.
Trump hosts $TRUMP crypto backers amid bitcoin surge
WASHINGTON (AP) — It seems like a triumph for a cryptocurrency industry that has long sought mainstream acceptance: Top investors in one of President Donald Trump‘s crypto projects dining with him at his luxury golf club in Northern Virginia, on the heels of the Senate advancing key pro-crypto legislation and while bitco[...]
