Business

(WASHINGTON) — Federal Reserve Chair Jerome Powell said Wednesday that he expects President Donald Trump’s tariffs policy to cause higher inflation and slower economic growth, complicating potential central bank efforts to ease the fallout. “The level of the tariff increases announced so far is significantly larger than anticipated. The same is likely to be true […]

manusapon kasosod/Getty (NEW YORK) — U.S. stocks closed down slightly on Tuesday as investors weathered ongoing uncertainty about President Donald Trump’s tariff plans. The Dow Jones Industrial Average ticked down 156 points, or 0.3%, at the close of trading. The S&P 500 fell 0.1%, while the tech-heavy Nasdaq declined 0.05%. The U.S. has received about […]

manusapon kasosod/Getty (NEW YORK) — U.S. stocks were little changed in early trading on Tuesday, a day after President Donald Trump signaled a willingness to ease some tariffs but also impose new ones. The Dow Jones Industrial Average ticked up 52 points, or 0.1%. The S&P 500 climbed 0.2%, while the tech-heavy Nasdaq increased 0.05%. […]

manusapon kasosod/Getty (NEW YORK) — U.S. stocks opened muted on Tuesday, a day after President Donald Trump signaled a willingness to ease some tariffs but also impose new ones. The Dow Jones Industrial Average ticked up 71 points, or 0.1%. The S&P 500 climbed 0.1%, while the tech-heavy Nasdaq increased 0.05%. Trump’s administration said on […]

(WASHINGTON) — Lawyers for Meta told a federal judge on Monday that the social media company founded by billionaire Mark Zuckerberg is not a monopoly, countering a landmark lawsuit brought against it by the Federal Trade Commission accusing the tech giant of gobbling up its competitors to corner the market. “Meta has no Monopoly,” Mark […]

(NEW YORK) — Major stock markets in Asia and Europe rose in Monday trading following the U.S. announcement that key consumer electronics would be temporarily exempted from President Donald Trump’s reciprocal tariffs. Hong Kong’s Hang Seng index led the regional gains, closing 2.4% up with the Hang Seng Tech Index up more than 2%. On […]

(NEW YORK) — U.S. stocks climbed on Friday, shrugging off new Chinese tariffs on American goods that intensified a trade war between the two largest economies in the world. The Dow Jones Industrial Average jumped 440 points, or 1.1%, while the S&P 500 surged 1.4%. The tech-heavy Nasdaq increased 1.6%. Meanwhile, a selloff of 10-year Treasuries sent yields climbing to 4.46%. […]

(NEW YORK) — Americans’ love affair with coffee and chocolate could soon get a lot more expensive. Baristas and confectioners say the beans they need to make their products are mostly grown in countries targeted by the Trump administration’s tariffs. According to the U.S. Department of Agriculture, the United States is the world’s second-largest importer of coffee. […]

(NEW YORK) — U.S. stocks seesawed between gains and losses in early trading on Friday as new Chinese tariffs on American goods intensified a trade war between the two largest economies in the world. The Dow Jones Industrial Average dropped 103 points, or 0.25%, while the S&P 500 fell 0.2%. The tech-heavy Nasdaq declined 0.07%. […]

(NEW YORK) — U.S. stocks inched lower in early trading on Friday as new Chinese tariffs on American goods intensified a trade war between the two largest economies in the world. The Dow Jones Industrial Average dropped 96 points, or 0.25%, while the S&P 500 fell 0.1%. The tech-heavy Nasdaq declined 0.05%. China issued a […]