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Copper prices have soared as the US threatens tariffs on the metal and China boosts its economy
NEW YORK (AP) — Copper prices have hit record highs as an ongoing trade war between the U.S. and its key trading partners threatens to squeeze supplies of the vital metal. Buyers in the U.S. have been stocking up on copper ahead of potential tariffs. Future prices for the base metal hit $5.21 per pound […]
Trump places 25% tariffs on auto imports
WASHINGTON (AP) — President Donald Trump said Wednesday he was placing 25% tariffs on auto imports, a move the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains. “This will continue to spur growth,” Trump told reporters. &[...]
Canadian Prime Minister Carney says trade war is hurting Americans, noting consumer confidence
TORONTO (AP) — Canadian Prime Minister Mark Carney said Wednesday U.S. President Donald Trump‘s trade war is hurting Americans, noting that American consumer confidence is at a multi-year low. Carney also said the kinship that exists between U.S. and Canada is under more strain than at any point in the two countrie[...]
US could run short of money to pay its bills by August without debt limit deal, CBO says
WASHINGTON (AP) — The United States is on track to hit its statutory debt ceiling — the so-called X-date when the country runs short of money to pay its bills— as early as August without a deal between lawmakers and the White House, according to a Congressional Budget Office report Wednesday. By that time, the government [...]
Founders of Black-owned brands adapt their hopes and business plans for a post-DEI era
NEW YORK (AP) — The co-founders of a company that makes lip products for darker skin tones no longer hope to get their line into Target. A brother and sister who make jigsaw puzzles celebrating Black subjects wonder if they need to offer “neutral” images like landscapes to keep growing. Pound Cake and Puzzles of Color [&h[...]
Kroger blames Albertsons for merger’s demise in new court filings
Kroger is denying Albertsons’ claims that it didn’t do enough to ensure regulatory approval of the companies’ planned supermarket merger. In court papers filed Tuesday in the Delaware Court of Chancery, Kroger said Albertsons disregarded the companies’ merger agreement and worked secretly with a partner, [...]
Trump’s crypto empire set to expand with new stablecoin and investment fund offerings
President Donald Trump‘s crypto empire is expanding with the recent announcements of a new dollar-backed stablecoin and investment funds for digital assets. The moves are the latest in the norm-defying ways the president has leaned into crypto projects that could significantly boost his personal wealth while in office. W[...]
Waymo plans to bring its driverless taxis to Washington in 2026
Waymo on Tuesday added Washington to its pioneering robotaxi service’s steadily expanding list of U.S. markets, although passengers will have to wait until next year until they can take a driverless ride around the nation’s capital city. For now, Waymo’s robotaxis will continue to map Washington’s street[...]
Port of Charleston adds direct connection to Mediterranean market
The Port of Charleston’s new ocean carrier deployments will be increasing from 25 to 29 weekly services. The services will continue to include prime markets such as Asia and Europe, according to an SC Ports news release. Two of the weekly services will be first-in-calls from Asia, one of which being the fastest transit fro[...]
Stock market today: Wall Street drifts ahead of report on US consumer confidence
NEW YORK (AP) — Wall Street is holding steadier Tuesday after roaring the day before on hopes that President Donald Trump’s tariffs may not be as sweeping as earlier feared. The S&P 500 was 0.1% higher in early trading after jumping 1.8% on Monday. The Dow Jones Industrial Average was up 58 points, or 0.1%, as of[...]
US consumer confidence tumbles for 4th consecutive month to 12-year low
WASHINGTON (AP) — U.S. consumer confidence fell for the fourth straight month amid rising concern over tariffs and inflation. The Conference Board reported Tuesday that its consumer confidence index fell 7.2 points in March to 92.9. Analysts were expecting a decline to a reading of 94.5, according to a survey by FactSet. The[...]
23andMe files for Chapter 11 bankruptcy as co-founder and CEO Wojcicki resigns
NEW YORK (AP) — 23andMe has filed for Chapter 11 bankruptcy protection and its co-founder and CEO has resigned as the struggling genetic testing company continues its push to cut costs. San Francisco-based 23andMe announced on Sunday that it will look to sell “substantially all of its assets” through a court-approv[...]
