April 29, 2025
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Business

Business

Meta Expands Teen Restrictions on Instagram, Facebook, Messenger

Meta says it will broaden restrictions to prevent minors from being exposed to inappropriate content. Meta is adding more restrictions to its social media apps to prevent underage users from being exposed to inappropriate content. Building on its September 2024 launch of “Teen Accounts” on Instagram—which automatically defaults younger users to private profiles and prevents

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Business

Trade Chief Says Tariffs Are Necessary in Response to Senators’ Concerns

U.S. Trade Representative Jamieson Greer testified in the Senate hours before a round of reciprocal tariffs on scores of countries will take effect. WASHINGTON—As the United States and the world await the implementation of new tariffs from the Trump administration, U.S. Trade Representative Jamieson Greer fielded questions from concerned lawmakers in both parties. The exchanges

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Business

White House Confirms 104 Percent Tariffs on China Will Take Effect April 9

Trump is ready to talk if Beijing reaches out, says White House press secretary Karoline Leavitt. The Trump administration will impose a 104 percent tariff rate on China at 12:01 a.m. on April 9. President Donald Trump has threatened to implement an additional 50 percent levy on the Chinese regime if it failed to reverse

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Business

Medicare Advantage Payments to Insurers Will Rise More Than Expected

The 5.06 percent increase for 2026 is more than double the previously announced proposal in January under the Biden administration. The Centers for Medicare & Medicaid Services (CMS) announced on April 7 that it will increase Medicare Advantage payments to private insurers by 5.06 percent in 2026—more than twice the rate proposed earlier this year.

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Business

EU to Issue Antitrust Ruling on Apple, Meta Within Weeks

Brussels’s antitrust chief Teresa Ribera told the European Parliament that the ruling, previously expected in March, was on its way. A European Union decision on whether Apple and Meta have broken the bloc’s tech rules aimed at curbing their market power is set to be issued in the coming weeks, Brussels’s antitrust chief Teresa Ribera

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Used Car Prices, Inventories Decline in March: Manheim Index

However, prices could rise as a result of newly announced auto tariffs by the Trump administration. Wholesale used vehicle prices declined in March in the United States on both a monthly and annual basis, with inventories also low compared to a year back, according to automotive services company Cox Automotive. The Manheim Used Vehicle Value

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Business

US Treasury Secretary Says Around 70 Countries Have Reached Out Over Tariffs

Bessent also said on Tuesday that he believes ‘a couple of big trading partners’ will ’do deals very quickly.’ Treasury Secretary Scott Bessent said that about 70 countries have reached out to the Trump administration to negotiate on tariffs that were announced this past week. While he did not confirm whether there was any headway

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Starmer Says ‘All Options’ on Table for British Steel Amid Calls for Nationalisation

The prime minister said he understood the importance of the Scunthorpe steel plant as he was quizzed by senior MPs at the Commons Liaison Committee. Prime Minister Sir Keir Starmer has said all options remain on the table for the future of British Steel’s Scunthorpe plant amid suggestions the UK could nationalise the company. British

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Business

US Stock Markets Plunge After Earlier Boost

The Dow Jones was down 800 points by Tuesday at 4 p.m. ET. The three major U.S. stock indexes opened higher on Tuesday as Trump administration officials indicated that negotiations are ongoing between the United States and other countries over tariffs, but the markets plunged as the day progressed. As of Tuesday afternoon, the Dow

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Business

Gordon Chang: Trump’s Tariffs Could End Transshipment Loopholes in China Trade

‘It makes a lot of sense when you want to make sure that nobody can evade these rules,’ China expert Gordon Chang said in an interview. President Donald Trump’s sweeping tariffs on various countries aim to close trade loopholes that China has used to bypass duties, particularly through transshipment, in which goods are exported via

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