Here’s how tariffs on Canada, China and Mexico may impact U.S. consumers

Key Points

President Donald Trump is imposing a 25% tariff on Canada and Mexico and a 10% tariff on China starting on Saturday, the White House said.
Tariffs will likely result in higher prices for U.S. consumers, both directly and indirectly, economists say.
Tariffs are a tax on foreign imports that are paid by the U.S. businesses importing those products. They will likely pass those costs to customers, economists explain.

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Finance

Unraveling the legal, economic and market ramifications if Trump tries to fire Fed Chair Powell

July 19, 2025

Key Points If President Donald Trump tries to fire Federal Reserve Chair Jerome Powell, it would set off a courtroom battle that would likely head to the Supreme Court. Most people familiar with the situation say Powell would sue if Trump tries dumping him. Despite seemingly low chances of success, going after Powell still could […]

Finance

Block shares soar 10% on entry into S&P 500

July 18, 2025

Key Points Block is joining the S&P 500, replacing Hess as of July 23. Hess is exiting the index upon its acquisition by Chevron. Source

Finance

Stocks making the biggest moves midday: Talen Energy, Invesco, Netflix, Coinbase and more

July 18, 2025

Here are some of the names making big moves in midday trading. Talen Energy – Shares popped more than 23%. Talen said that it has signed agreements to acquire Moxie Freedom Energy Center in Pennsylvania and the Guernsey Power Station in Ohio – a pair of combined-cycle gas-fired plants. The deal comes out to $3.5 […]