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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[...]
Defense Department accepts Boeing 747 from Qatar for Trump’s use
Defense Secretary Pete Hegseth has accepted a gifted Boeing 747 from Qatar for President Donald Trump to use as Air Force One, the Pentagon said Wednesday.
Target sales drop in 1st quarter and retailer warns they will slip for all of 2025
Target projects lower 2025 sales as tariffs, consumer cutbacks, and backlash over its DEI and Pride merchandise changes weigh on performance.
Trump lifts Empire Wind pause, offshore project resumes
Empire Wind project off Long Island resumes after Trump lifts pause, saving 1,500 jobs and advancing New York’s clean energy and offshore wind goals.
Home Depot says it doesn’t expect to boost prices because of tariffs
Home Depot doesn’t expect to raise prices because of tariffs, saying it has spent years diversifying the sources for the goods on its shelves. Billy Bastek, executive vice president of merchandising, said during a conference call on Tuesday that Home Depot’s suppliers have shifted sourcing across several countries an[...]
Strike averted as submarine designers in Connecticut agree to contract with Electric Boat
The union for about 2,500 submarine designers at Electric Boat in Connecticut, a subsidiary of Reston-based General Dynamics, has tentatively agreed to a new contract with the company, averting a strike that would have begun Monday.
Conservatives block Trump’s big tax breaks bill in a stunning setback
Trump’s tax and spending bill stalls in House as conservatives demand deeper Medicaid and green energy cuts. GOP infighting halts key legislation.
