Business

(WASHINGTON) — Consumer prices rose 2.3% in April compared to a year ago, cooling slightly from the previous month and defying fears of an inflation surge in the aftermath of President Donald Trump’s “Liberation Day” tariffs last month. The reading — which marked the lowest inflation rate since 2021 — matched economists’ expectations. Egg prices […]

(WASHINGTON) — The race to win tickets to an exclusive crypto dinner gala with President Donald Trump at his private golf club in Virginia on May 22 ended with top 220 holders of the Trump meme coin winning invitations to the black tie gala, the coin’s official X account announced Monday. A “leaderboard” of the […]

(NEW YORK) — U.S. stocks soared at the open of trading on Monday, just hours after the U.S. and China announced an agreement to slash tariffs for 90 days as the world’s two largest economies negotiate a wider trade deal. The Dow Jones Industrial Average climbed 1,005 points, or 2.4%, while the S&P 500 jumped […]

(NEW YORK) — A carousel ride and 12 flavors of fudge await shoppers at LARK Toys, a family-owned toy shop outside Minneapolis, Minnesota. The glee on offer belies the stress behind the counter as President Donald Trump’s 145% tariffs on China, which are set to trigger price increases and product shortages within a matter of […]

(WASHINGTON) — President Donald Trump on Friday voiced a willingness to ease tariffs on China, saying on social media it “seems right” to slash levies from 145% to 80%. The announcement arrives a day before Treasury Secretary Scott Bessent is set to begin trade negotiations with Chinese officials at a meeting in Geneva, Switzerland. The […]

Mortgage rates have dropped over the early months of 2025, offering homebuyers an opportunity for some borrowing relief if they move ahead with the big-ticket purchase. The housing market remains sluggish and wider economic uncertainty looms, however. President Donald Trump’s tariffs threaten to upend global trade and tip the U.S. into a downturn, experts said. […]

(WASHINGTON) — The Federal Reserve held interest rates steady on Wednesday, just weeks after President Donald Trump intensified calls for lower borrowing costs and voiced eagerness about the potential “termination” of Fed Chair Jerome Powell. In recent days, Trump has dialed back his attacks on Powell, saying he will not fire Powell before the end […]

(FRANKFORT, KY) — Kentucky’s bourbon industry faces potential devastation as President Donald Trump’s latest tariff dispute with Canada threatens to halt $43 million in annual whiskey exports. During Tuesday’s Oval Office meeting with Canadian Prime Minister Mark Carney, Trump maintained his hard stance on tariffs, declaring that Canada would need to make significant concessions to […]

(WASHINGTON) — The Federal Reserve on Wednesday is set to announce its first decision on the level of interest rates since President Donald Trump last month intensified calls for lower borrowing costs and voiced eagerness about the potential “termination” of Fed Chair Jerome Powell. In recent days, Trump has dialed back his attacks on Powell, […]

(WASHINGTON) — President Donald Trump late Sunday proposed a 100% tariff on foreign-made films, saying the policy would counteract financial incentives that have drawn Hollywood productions overseas. “WE WANT MOVIES MADE IN AMERICA, AGAIN!” Trump said in a post on social media. Movie studios have increasingly moved production abroad in recent years as a means […]