Breaking News: Economy
Snap sinks 15% after withholding guidance, citing ad concerns
Evan Spiegel, CEO of Snap Inc., speaks onstage during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California. Joe Scarnici | Getty Images Entertainment | Getty Images Snap shares fell more than 15% Wednesday after the social media company withheld second-quarter guidance due to the uncertain macroeconomic environment. […]
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Private payroll growth slowed to 62,000 in April, well below expectations
Companies slowed hiring sharply in April as they braced against potential impacts from President Donald Trump’s tariffs against U.S. trading partners, ADP reported Wednesday. Private sector payrolls rose by just 62,000 for the month, the smallest gain since July 2024, amid heightened uncertainty over the degree of the tariffs and the impact they would have […]
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U.S. economy shrank 0.3% in the first quarter as Trump policy uncertainty weighed on businesses
The U.S. economy contracted in the first three months of 2025 on an import surge at the start of President Donald Trump’s second term in office as he wages a potentially costly trade war. Gross domestic product, a sum of all the goods and services produced from January through March, fell at a 0.3% annualized […]
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Trump’s first 100 days in photos
There is one thing President Donald Trump’s fans and foes can both agree on: A lot has happened over the past 100 days. The Republican president kicked off his nonconsecutive second term on Jan. 20 with a promise to usher in “the golden age of America.” He has wasted no time in implementing his version […]
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Stocks making the biggest moves after hours: Super Micro, Snap, Booking Holdings and more
Check out the companies making headlines in after-hours trading: Starbucks — Shares of the coffee giant slipped 4% after Starbucks missed earnings and revenue estimates for its fiscal second quarter. The company also reported same-store sales figures that reflected a decline for the fifth straight quarter. Starbucks posted adjusted earnings per share of 41 cents […]
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Trump: ‘I think we’ll have a deal with India’ on tariffs and trade
U.S. President Donald Trump speaks to the media before boarding Marine One as he departs for Michigan to attend a rally to celebrate his first 100 days in office, from the South Lawn of the White House in Washington, D.C., U.S., April 29, 2025. Leah Millis | Reuters President Donald Trump said Tuesday that tariff […]
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Commerce Secretary Lutnick says one trade deal is done, but waiting on approval from unnamed country’s leaders
U.S. Commerce Secretary Howard Lutnick speaks to members of the media near the White House in Washington, D.C., U.S., March 13, 2025. Nathan Howard | Reuters Commerce Secretary Howard Lutnick on Tuesday teased that the Trump administration has reached its first trade deal, but said it was not fully finalized and declined to name the […]
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White House blasts Amazon over tariff cost report: ‘Hostile and political act’
The White House on Tuesday slammed Amazon for reportedly planning to display the cost of President Donald Trump’s tariffs next to the total price of products on its site. “This is hostile and political act by Amazon,” White House press secretary Karoline Leavitt told reporters. “Why didn’t Amazon do this when the Biden administration hiked […]
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United Airlines grows highest-end Polaris airport lounge by 50% in battle for wealthy customers
United Airlines Polaris lounge in Chicago United Airlines United Airlines‘ top-tier airport lounge reopened in Chicago on Tuesday, featuring a 50% larger space and Crate & Barrel furnishings as carriers’ battle for higher-spending customers becomes more crucial. The 25,000-square-foot-Polaris lounge is in Terminal 1 at United’s home hub, Chicago O’Hare International Airport. It has seating […]
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Adidas warns it will raise prices on all U.S. products due to tariffs
Customers shop in an Adidas store on April 4, 2025 in Miami, Florida. Joe Raedle | Getty Images Sportswear giant Adidas on Tuesday said that U.S. President Donald Trump’s tariffs would result in price hikes for all its U.S. products. The company said it did not yet know by how much it would boost prices, […]
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