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UnitedHealth Group CEO steps down as company lowers, then withdraws financial outlook for 2025
UnitedHealth CEO Andrew Witty steps down amid rising costs. The insurer suspends its 2025 outlook; shares drop 16% after months of instability.
Trump trade war faces legal challenge as businesses, states argue his tariffs exceeded his power
Trump's sweeping tariffs under emergency powers face lawsuits from states and businesses arguing he overstepped constitutional authority on trade.
Inflation cooled again even as some tariffs took effect. But economists don’t expect that to last
U.S. inflation cooled to 2.3% in April, its lowest in four years, despite new tariffs. Economists expect price hikes by summer as trade effects deepen.
Dow jumps 900 and S&P 500 climbs 2.4% following a 90-day truce in the US-China trade war
U.S. stocks are leaping Monday after China and the United States announced a 90-day truce in their trade war. Each of the world's two largest economies agreed to take down most of its tariffs against the other, which economists warned could start a recession and create shortages on U.S. store shelves.
Tariff talks begin between US and Chinese officials in Geneva as the world looks for signs of hope
U.S. and Chinese officials meet in Geneva to ease a growing tariff war, with global trade and economic stability hanging in the balance.
More warning signs emerge for US travel industry as summer nears
Expedia cites reduced U.S. travel demand for its weak Q1 revenue, as consumer confidence dips and tourism from Canada and abroad continues to decline.
Judge pauses much of Trump administration’s massive downsizing of federal agencies
A judge blocked the Trump administration’s sweeping federal job cuts, ruling that major agency reductions require congressional cooperation.
An offshore wind project for New York may be abandoned over Trump administration delays
Equinor warns it may scrap Empire Wind after Trump halts work; $2.5B project in jeopardy as construction pause costs up to $50M weekly.
As US and China begin trade talks in Geneva, Trump’s tariff hammer looks less mighty than he claims
Trump raises China tariffs to 145%, sparking retaliation and global market jitters as trade talks begin in Geneva with no clear resolution in sight.
Two dolls instead of 30? Toys become the latest symbol of Trump’s trade war
Trump's comments on doll tariffs spark criticism as toy makers warn of price hikes and shortages. U.S. toy industry braces for trade war fallout.
Air traffic controllers for Newark airport briefly lose radar access again
Newark Airport faces new delays after second radar outage in two weeks. FAA promises upgrades as outdated tech and staffing woes plague air traffic.
Average rate on a US 30-year mortgage holds steady at 6.76%, not far from highest levels this year
The 30-year mortgage rate stays at 6.76% for a second week, as affordability challenges persist and economists expect continued rate volatility in 2024.
