Sign In
Free Newsletter
US manufacturers are stuck in a rut despite subsidies from Biden and protection from Trump
WASHINGTON (AP) — Democrats and Republicans don’t agree on much, but they share a conviction that the government should help American manufacturers, one way or another. Democratic President Joe Biden handed out subsidies to chipmakers and electric vehicle manufacturers. Republican President Donald Trump is building a wal[...]
European trade ministers pledge unity after Trump’s surprise 30% tariffs
BRUSSELS (AP) — European trade ministers were hopeful Monday for a negotiated trade deal after President Donald Trump announced 30% tariffs on the European Unio n, but also expressed resolve in preparing countermeasures if talks break down. The ministers met Monday in Brussels following Trump’s surprise announcement of[...]
Trump announces 30% tariffs against EU, Mexico to begin Aug. 1, rattling major US trading partners
BRIDGEWATER, N.J. (AP) — President Donald Trump on Saturday announced he’s levying tariffs of 30% against the European Union and Mexico starting Aug. 1, a move that could cause massive upheaval between the United States and two of its biggest trade partners. Trump detailed the planned tariffs in letters posted to his[...]
‘Abolished’: State Department is laying off over 1,300 employees under Trump administration plan
The U.S. State Department is firing more than 1,300 employees on Friday in line with a dramatic reorganization plan from the Trump administration that critics say will damage America’s global leadership and efforts to counter threats abroad. The department has begun sending layoff notices to 1,107 civil servants and 24[...]
Bitcoin tops $118,000 for the first time, and keeps on going
Bitcoin has reached an all-time high, surpassing $118,000 as a flood of money moves into spot bitcoin ETFs, which have opened up cryptocurrency investing to millions. A soft U.S. dollar and the digital currency friendliness of President Donald Trump‘s administration has also helped to push the price of bitcoin to unprec[...]
Trump plans to hike tariffs on Canadian goods to 35%
WASHINGTON (AP) — President Donald Trump said in a letter that he will raise taxes on many imported goods from Canada to 35%, deepening a rift between two North American countries that have suffered a debilitating blow to their decades-old alliance. The Thursday letter to Canadian Prime Minister Mark Carney is an aggressive [...]
White House budget director accuses Fed chair of violating building rules in renovation
WASHINGTON (AP) — White House budget director Russell Vought suggested in a Thursday letter that Federal Reserve Chair Jerome Powell is in violation of government building rules in the renovation of the Fed’s headquarters. Vought, in a letter he shared on social media, called the initial renovation plans featuring[...]
Ferrero to Acquire WK Kellogg in $3.1B Cereal Deal
Italian confectioner Ferrero, known for brands like Nutella and Kinder, is buying the century-old U.S. cereal company WK Kellogg in a deal valued at approximately $3.1 billion. The Ferrero Group said Thursday it will pay $23 for each Kellogg share. The transaction includes the manufacturing, marketing and distribution of WK Kell[...]
X CEO Linda Yaccarino steps down after two years
X CEO Linda Yaccarino said she’s stepping down after two bumpy years running Elon Musk’s social media platform. Yaccarino posted a positive message Wednesday about her tenure at the company formerly known as Twitter and said “the best is yet to come as X enters a new chapter with” Musk’s artificial intellig[...]
NWS cuts spark concern over weather data privatization
WASHINGTON (AP) — As commerce secretary, Howard Lutnick oversees the U.S. government’s vast efforts to monitor and predict the weather. The billionaire also ran a financial firm, which he recently left in the control of his adult sons, that stands to benefit if President Donald Trump‘s administration follows throug[...]
Nvidia becomes first $4T public company
NEW YORK (AP) — Chipmaker Nvidia became the first public company to top $4 trillion in value on Wednesday after two-year investor frenzy. Nvidia shares rose 2.5%, or $3.97, in early trading Wednesday, topping $164 each. At the beginning of 2023, Nvidia shares were around $14 each. The poster child of the AI boom, Nvidia [&hell[...]
TSA to ease shoe removal rule at U.S. airports
For the first time in almost 20 years, travelers may no longer be required to take off their shoes during security screenings at U.S. airports. The Transportation Security Administration is looking to abandon the additional security step that has for years bedeviled anyone passing through U.S airports, according to media reports[...]
