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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 tar[...]
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 bo[...]
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 [...]
Trump narrows Fed chair candidates to four, excluding Treasury Secretary Bessent
WASHINGTON (AP) — President Donald Trump said Tuesday that he’s whittled down his list of potential Federal Reserve chair candidates to four as he considers a successor to Jerome Powell — a choice that could reset the path of the U.S. economy. Asked on CNBC’s “Squawk Box” for a future replacement to Powe[...]
Palantir books its first $1 billion in quarterly sales and dodges DOGE axe
NEW YORK (AP) — Shares of Palantir Technologies sailed past previous record highs Tuesday after booking its first $1 billion sales quarter and raising its performance expectations for the year. The stock rose above $170 Tuesday after breaking previous records four times this year in the global artificial intelligence race. The[...]
Boeing faces strike by 3,000 fighter jet workers
A strike by thousands of workers that build fighter jets for Boeing at three U.S. plants is the second labor disruption for the plane builder in less than a year. The strike that began just after midnight Monday involving more than 3,000 members of the International Association of Machinists and Aerospace Workers arrives as [[...]
Tesla grants Musk $29B in stock after court setback
Tesla is awarding CEO Elon Musk 96 million shares of restricted stock valued at approximately $29 billion, just six months after a judge ordered the company to revoke his massive pay package. The electric vehicle maker said in a regulatory filing on Monday that Musk must first pay Tesla $23.34 per share of restricted [&hellip[...]
NFL on the verge of selling media assets to ESPN for an equity stake in the network, AP sources say
ESPN is nearing a multibillion-dollar deal with the NFL for key media rights and an equity stake, including RedZone and NFL Network access.
Trump calls on the Federal Reserve board to take full control of the central bank from Powell
Trump calls Fed Chair Powell “stubborn” and urges the Fed board to take control and slash interest rates amid a slowing U.S. economy and rising inflation.
US employers slash hiring as Trump advances a punishing trade agenda
U.S. job growth slows as Trump’s tariffs shake business confidence. Unemployment ticks up, job revisions drop sharply, and markets react.
Federal Reserve Governor Kugler steps down, giving Trump slot to fill
Federal Reserve governor Adriana Kugler will step down, opening up a spot on the central bank's powerful board that President Donald Trump will be able to fill.
Trump removes official overseeing jobs data after dismal employment report
Trump removed BLS Commissioner Erika McEntarfer after weak job numbers, accusing her of political bias. The agency's past data was also sharply revised down.
