Chinese imports to US plummet to lowest levels since pandemic amid Trump tariffs
U.S. sees record imports from Mexico and Vietnam as Chinese goods face 145% tariffs, marking a significant shift in trade patterns since the pandemic.
Netflix breaks ground on $1B New Jersey studio as Trump pushes for movies to be made in America
Netflix has broken ground on its $1 billion investment to transform a former Army installation into a state-of-the-art studio hub in New Jersey.
WH announces $1.2T in economic commitment with Qatar, including significant Boeing order
The White House announced that President Donald Trump secured economic exchanges with Qatar worth $1.2 trillion, a figure which includes a historic order for Boeing airliners.
JPMorgan lowers recession probability after Trump's tariff truce with China
JPMorgan reduced its forecast for the chance of a recession this year after the U.S. and China temporarily lowered the higher tariffs they imposed.
Trump wants to cut out ‘middleman’ as part of drug pricing order: What are pharmacy benefit managers?
President Donald Trump's new health care initiative aims to reduce prescription drug costs by targeting pharmacy benefit managers, commonly known as PBMs.
Kevin O'Leary goes off on the 'war on small business' within the tax bill's fine print
Kevin O'Leary dubs the reconciliation bill as a "big, ugly piece" of legislation, putting a new provision that gives the IRS "unprecedented" new powers in his crosshairs.
White House slashes 'de minimis' tariffs on China to 54%
An executive order signed by President Donald Trump is slashing the "de minimis" tariff on cheap goods from China "from 120 percent to 54 percent."
Egg prices decline for first time in months amid avian flu outbreak
Egg prices declined in April for the first time in months, per the April consumer price index, as efforts to boost supplies via imports have helped mitigate a bird flu outbreak.
China criticizes US-UK trade deal, says it's 'basic principle' not to target other countries: report
China criticized the trade agreement reached between the U.S. and the U.K. last week as it could potentially push Chinese products out of British supply chains.
Trump-Saudi lunch with business leaders includes some critics of the president
A lunch at the Saudi royal court in Riyadh gave President Donald Trump, Saudi leaders and numerous business executives an opportunity to rub shoulders Tuesday.
Trump lobbies 'Too Late Powell' to cut interest rates
President Donald Trump repeated his criticism of Federal Reserve Chair Jerome Powell as being "too late" in cutting interest rates, while inflation remains above the 2% target.
Trump says US moving past 'days of economic misery' on Middle East trip
President Donald Trump said his administration's economic agenda is moving the U.S. forward in a speech delivered in Saudi Arabia as he looks to attract investment from the Middle East.
Trump signs 'strategic economic partnership' with Saudi Arabia
President Donald Trump signed a massive deal with Saudi Arabia in what could amount $600 billion and create up to 2 million U.S. jobs.
Nissan increases job cuts to 20K by 2027
Japanese automaker Nissan expanded its planned job cuts after seeing a "challenging" FY 2024. The company is also working to mitigate the impact of President Donald Trump's tariffs.
Record $16B tariff inflow helped ease the US budget deficit rate
U.S. tariff revenue hit a record $16.3 billion in April, easing the budget deficit rate as President Donald Trump's sweeping tariffs took hold.
American CEOs Elon Musk, Sam Altman, Larry Fink join Trump at Saudi royal court
Business leaders including Elon Musk and Sam Altman are joining Donald Trump Tuesday in Saudi Arabia as the president is kicking off his Middle East visit.
Trump's Middle East trip aims to seal investments in US
President Donald Trump is traveling to the Middle East this week and will visit countries like Saudi Arabia, Qatar and the UAE in an effort to secure more investment in the U.S.
China removes ban on Boeing deliveries after deal with US to temporarily slash tariffs
China has removed its ban on airlines accepting Boeing planes after Beijing and Washington agreed to temporarily reduce the steep tariffs on one another.
Prescription drug prices still surging despite efforts by federal government
The cost of prescription drugs have risen rapidly despite policymakers pledging to fix the issue. They climbed nearly 40% since 2014, according to data from GoodRx.
India considering tariffs on US goods to counter Trump's levies
India is considering placing tariffs on some goods produced in the U.S. to counter the Trump administration's duties on steel and aluminum products.