Breaking News: Economy
Here’s the inflation breakdown for April 2025 — in one chart
Key Points The consumer price index declined to 2.3% in April from 12 months earlier, the lowest reading since February 2021. However, tariffs levied by President Donald Trump are expected to re-ignite inflation as soon as next month, according to economists. Prices declined for categories like gasoline, groceries, apparel, used cars and airline fares during […]
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Annual inflation rate hit 2.3% in April, less than expected and lowest since 2021
Inflation was slightly lower than expected in April as President Donald Trump’s tariffs just began hitting the slowing U.S. economy, according to a Labor Department report Tuesday. The consumer price index, which measures the costs for a broad range of goods and services, rose a seasonally adjusted 0.2% for the month, putting the 12-month inflation […]
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Trump tariffs face major legal hurdle as federal trade court hears challenge
U.S. President Donald Trump holds up a chart while speaking during a “Make America Wealthy Again” trade announcement on April 2, 2025 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images A little-known federal court is set to hear arguments Tuesday in a case challenging President Donald Trump’s tariffs, putting a key […]
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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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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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Stocks making the biggest moves midday: Amazon, Alibaba, Merck, Five Below, Nike and more
Check out the companies making headlines in midday trading: Drugmakers — Pharmaceutical stocks bounced back from earlier losses after an executive order aimed at bringing down drug prices was deemed not as bad as feared for the industry. Merck jumped 5%, while Pfizer , Bristol-Myers Squibb and Eli Lilly all rose more than 2%. However, […]
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Trump says China will ‘open up’ to U.S. businesses, suspend trade barriers
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 said Monday that China would “agreed to open” after the […]
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Bessent sees tariff agreement as progress in ‘strategic’ decoupling with China
Treasury Secretary Scott Bessent said Monday that the trade agreement reached over the weekend represents another stage in the U.S. shaking its reliance on Chinese products. Though the U.S. “decoupling” itself from its need for cheap imports from China has been discussed for years, the process has been a slow one and unlikely to ever […]
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Stocks making the biggest moves premarket: Nvidia, Best Buy, Eli Lilly, Tesla, Amazon and more
Check out the companies making headlines before the bell. Big Tech stocks – Shares of megacap technology companies surged after the U.S. and China agreed to temporarily cut tariffs , bringing the U.S. tariff rate on Chinese imports down to 30% and China’s duties on U.S. imports to 10%. Tesla , which has seen declining […]
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