Stocks tumble as Trump’s tariffs roil global markets
The Dow, S&P 500 and Nasdaq fell sharply after President Donald Trump slapped tariffs on a host of countries Wednesday, including China, Japan, India and Europe.
Bipartisan bill would require congressional notification, approval of new tariffs
The legislation would give Congress more power over implementing tariffs, while limiting the president’s power to do so.
Stellantis plans 900 temporary layoffs in US after Trump tariff announcement: report
Stellantis NV, the company that manufactures Ram trucks and Jeeps, is reportedly temporarily laying off 900 workers at five US facilities and pausing production in Canada and Mexico.
Trump tariffs target remote, uninhabited islands with no U.S. trade
President Donald Trump’s far-reaching new tariffs are going farther than many expected – far enough to reach remote islands where no one lives.
Senate could vote to end emergency declaration Trump uses for Canadian tariffs
Senate Democrats are putting GOP support to the test by forcing a vote to nullify the emergency declaration that forms the basis for Trump's tariffs on Canada. Here's what to know.
Poll: Trump is stronger on immigration but weaker on economy
Americans still support the president’s immigration policy but differ when it comes to his stance on tariffs and handling of the economy, a recent poll shows.
Should Americans rush to buy a car before the tariffs? Here's what Trump says
President Trump was asked Friday whether Americans should rush to buy cars now before his planned 25% tariffs on imported cars, light trucks and auto parts take effect.
Inflation remained elevated in February, data shows
Inflation remains a top economic concern for most Americans, even as it has fallen sharply from its 2022 peak.
Average Wall Street bonus is more than most people's salary: See the numbers
Bonuses on Wall Street surged to record highs last year, nearly quadrupling the average annual salary in the U.S.
Southwest Airlines layoffs looming at these Southern California airports
Southwest Airlines plans to lay off employees at four airports, including LAX and Burbank in Southern California, starting in June.
EU postpones US trade tariffs after Trump warns of 200% tax on European wine
The European Union has delayed its planned tariffs on US goods, which were set to go into effect at the start of April, pushing them to mid-April instead.
Fed keeps interest rates unchanged; what this means for you
As expected, the Federal Reserve will leave interest rates unchanged – for now – as it predicts slower economic growth than it did three months ago.
EU tariffs could hurt these states the most, analysis shows
If the European Union’s 27 countries move forward with retaliatory tariffs on the U.S., some states will be impacted far more than others.
Trump administration rehiring nearly 25K fired workers after court order, documents show
A federal judge ruled that the impacted workers at six federal government agencies will be rehired after they were fired in February.
What is stagflation? Why the Fed is facing tough decisions this week
As the Federal Reserve meets this week, officials are facing growing concerns about stagflation—a mix of high inflation and a slowing economy. With interest rate cuts expected, the Fed must navigate uncertainty about rising prices, tariffs, and consumer confidence.
Forever 21 files for bankruptcy–again
The retail chain has 350 stores in the U.S. as it begins the process of liquidation sales during bankruptcy proceedings.
What to know in the final days of store closures for Party City, Joann and more
Several major retailers are holding massive sales as they prepare to shutter all or many of their store locations. Here's what you need to know when you go shopping.
Trump's 25% tariffs on all steel and aluminum imports take effect
President Donald Trump has officially increased tariffs on all steel and aluminum imports to 25%. Canada announced retaliatory tariffs in response. Here's what to know.
CPI February update: Egg prices up another 10% though inflation cools
February's CPI report showed egg prices were once again the most volatile, increasing by an average of 10.4% last month. Here's what else it showed.
Trump backs down on doubling tariffs after Ontario halts electricity surcharge
President Trump threatened to double tariffs on steel and aluminum imports from Canada, prompting Ontario to suspend its planned electricity surcharges to the U.S.