Month: May 2025
Trump’s plan to slash drug prices may struggle to get off the ground – here’s what to know
President Donald Trump, joined by National Institutes of Health (NIH) Director Jay Bhattacharya, speaks during a press conference in the Roosevelt Room of the White House on May 12, 2025, in Washington, DC. Andrew Harnik | Getty Images News | Getty Images President Donald Trump on Monday moved forward with a plan to lower U.S. […]
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Google launches AI startup fund offering access to new models and tools
Sundar Pichai, C.E.O. of Google and Alphabet, speaks during the New York Times annual DealBook summit at Jazz at Lincoln Center on December 04, 2024 in New York City. Michael M. Santiago | Getty Images Google will begin a new fund aimed at investing in artificial intelligence startups, the company announced Monday. Through a fund […]
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Toy stocks rally after Chinese tariffs slashed to 30%
Toys made by Mattel, Hasbro and others are seen at a Macy’s store in New York. Staff | Reuters Shares of major toy makers rallied on Monday after the U.S. agreed to temporarily reduce tariffs on China. The agreement will pause most tariffs and other trade barriers for 90 days, including reducing the 145% levy […]
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McDonald’s announces plans to hire 375,000 workers with Trump Labor secretary
The logo of McDonald’s (MCD) is seen in Los Angeles, California. Lucy Nicholson | Reuters McDonald’s on Monday announced plans to hire up to 375,000 workers this summer at a news conference that included U.S. Labor Secretary Lori Chavez-DeRemer. While McDonald’s has long been one of President Donald Trump’s culinary favorites, the company has been […]
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FAA launches Newark airport task force with Verizon, L3Harris executives
U.S. Transportation Secretary Sean Duffy speaks to reporters during a news conference on Newark Liberty International Airport at the Department of Transportation Headquarters on May 12, 2025 in Washington, DC. Anna Moneymaker | Getty Images The Trump administration on Monday announced the creation of an emergency task force comprised of executive experts from Verizon, L3Harris […]
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After UK and China trade deals, tariff rate still highest since 1934, Yale report says
Key Points The average effective tariff rate on imports is 17.8%, the highest since 1934, even after trade deals reached with China and the U.K. in recent days, according to the Yale Budget Lab. Levies that President Trump placed on other products and countries still remain, including a 10% tariff on almost all trading partners. […]
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China sees the U.S. trade deal as a huge win for Beijing
Chinese officials, influencers and state-run media on Monday were casting the initial trade agreement and 90-day tariff pause with the United States as a victory and a vindication of Beijing’s negotiating strategy. They’re arguing that their defiant public posture worked — and was a major reason they were able to strike a deal with U.S. […]
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Mastercard’s Michelle Meyer: Consumers are still spending on travel
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Michelle Meyer, Mastercard Economics Institute chief economist, joins CNBC’s ‘Power Lunch’ to discuss outlooks on the consumer, travel trends, and more. Source
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Trump China trade deal: Tariff pause means new surge in freight shipments, and higher prices
Another surge in trade from China to the U.S. should be getting underway, according to retailers and logistics executives, as the initial trade deal struck by the U.S. and China leads importers to move forward with shipments during the 90-day pause on the steepest tariffs implemented by President Donald Trump. On Monday, the U.S. and […]
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These dividend stocks are ‘unsung heroes,’ UBS Asset Management says
Investors looking to strike a balance between offense and defense in this market should turn to companies that consistently grow their dividends, according to Jeremy Zirin, head of UBS Asset Management’s private client U.S. equity team. When stocks slid in April following President Donald Trump ‘s tariff policy announcement, investors scooped up dividend stocks — […]
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