U.S. stocks surrendered a chunk of their historic gains from the day before as President Donald Trump’s trade war continues to threaten the economy. The S&P 500 fell 3.5 percent Thursday. The Dow Jones Industrial Average dropped 2.5 percent, and the Nasdaq composite sank 4.3 percent. China announced more countermeasures against the United States, and
The moves come as the Trump administration increases tariffs across the world with a growing focus on China. WASHINGTON—As U.S. President Donald Trump reshapes the United States’ posture on trade, other global players may be opening up new frontiers with each other. The German newspaper Handelsblatt reports that European Union tariffs on China’s electric vehicles
The president said ‘a lot of countries’ want to make deals ’that are proper for the United States’ and the firms can help negotiate those trade agreements. President Donald Trump said on April 10 that during negotiations with U.S. trading partners, his administration may reach out to the law firms that struck deals with him
The department will no longer require an environmental impact statement for approximately 3,244 oil and gas leases in seven Western states. The Department of the Interior has announced a substantial increase in estimated oil and gas reserves in the Gulf of America Outer Continental Shelf. Recent analysis reveals an additional 1.3 billion barrels of oil
The company plans to build or expand 10 facilities and bring 100 percent of its key medicines’ production inside the United States over five years. Swiss pharmaceutical company Novartis announced on April 10 that it will invest $23 billion over the next five years to expand its U.S. manufacturing and research operations. The initiative includes
Spending stayed resilient last month as American consumers—especially wealthier households—continued to buy. U.S. consumer spending continued to show resilience in March, bolstered by higher-income households and targeted spending ahead of possible price hikes linked to the Trump administration’s tariff policies, according to the latest data from Bank of America. In its April 10 “Consumer Checkpoint”
Musk had sued OpenAI alleging anti-competitive conduct and violation of its charitable mission. OpenAI is suing Elon Musk, accusing the tech billionaire of engaging in a harassment campaign against the artificial intelligence research company. In November, Musk filed a lawsuit against OpenAI to prevent the nonprofit from transitioning to a for-profit enterprise. The complaint argued
Prices reached a record high of $6.23 per dozen in March, according to the government’s inflation data. Retail egg prices in the United States reached an average record high of $6.23 per dozen in March, according to inflation data published by the federal government on April 10. The data show that the price represents an
A proposed 5-cent increase would mark a 56 percent rise in stamp prices since 2019, as USPS continues its push for long-term financial stability. The U.S. Postal Service (USPS) said this week it is seeking to raise the price of first-class forever stamps from 73 cents to 78 cents this summer, the latest in a
‘The Biden-era CFPB overdraft rule would harm the very consumers it’s supposed to protect,’ said Sen. Tim Scott. The U.S. House voted to overturn a rule limiting the fees banks charge for overdraft services, with the measure now awaiting approval from President Donald Trump. The rule was announced by the Consumer Financial Protection Bureau (CFPB)