Breaking News: Economy
Trump belittles Canada before Carney meeting: ‘We don’t need ANYTHING they have’
President Donald Trump on Tuesday sharply questioned the United States’ trade relationship with Canada just minutes before he was scheduled to meet Canadian Prime Minister Mark Carney at the White House. Trump said on Truth Social that he was looking forward to meeting and working with Carney, but that he “cannot understand” why the U.S. […]
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Taiwan dollar eases after historic surge as officials deny currency talks with U.S.
Workers at a wet market count and return New Taiwan Dollar notes to customers, as Taiwan is expected to show positive GDP and economic growth, amid the covid-19 pandemic, in Taipei, Taiwan, 15 Aug 2021. Ceng Shou Yi | NurPhoto | Getty Images Taiwanese dollar pulled back Tuesday after a historic surge that saw it […]
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Stocks making the biggest moves premarket: Palantir Technologies, Ford Motor, Vertex Pharmaceuticals, DoorDash and more
Check out the companies making headlines before the bell. Palantir Technologies – The defense technology stock fell more than 8% after it earned an adjusted 13 cents per share in the first quarter, matching analyst expectations, according to LSEG, while revenue of $884 million topped the $863 million that analysts were looking for. Palantir also […]
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Trump trade tariffs slump widens to ‘nearly all U.S. exports,’ supply chain data shows
An empty container ship of COSCO Shipping sails to a container terminal in Qingdao in east China’s Shandong province Wednesday, April 16, 2025. Feature China | Future Publishing | Getty Images What began as a rapid drop in U.S. imports as shippers cut orders from manufacturing partners around the world has now extended into a […]
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Airfare, produce and TVs: Which prices are falling for consumers
Key Points Consumers are seeing prices fall in certain pockets of the U.S. economy, even as the overall inflation rate remains elevated. Airline fares, produce, consumer electronics and energy are among the broad categories seeing declines, according to the consumer price index. President Donald Trump said Friday that gasoline prices had dipped to $1.98 per […]
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Temu and Shein face massive tariffs. But don’t count them out of the U.S. e-tail scene, experts say
Photo illustration of the Shein app on the App Store reflected in the Temu logo. Stefani Reynolds | Afp | Getty Images The closure of a trade loophole and prohibitive tariffs on China have upended Temu and Shein’s business model in the United States. And yet the e-commerce companies are likely to remain a dominant […]
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Trump says U.S. girls ‘could be very happy’ with lots fewer dolls under new tariffs
U.S. President Donald Trump speaks with the media aboard Air Force One as he flies from West Palm Beach, Florida en route to Joint Base Andrews in Maryland, on May 4, 2025, returning to the White House after spending the weekend in Florida. Saul Loeb | Afp | Getty Images President Donald Trump again is […]
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Bessent to Milken conference: Trump will make America ‘more appealing for investors like you’
U.S. Treasury Secretary Scott Bessent speaks at the Milken Institute Global Conference 2025 in Beverly Hills, California, U.S., May 5, 2025. Mike Blake | Reuters Treasury Secretary Scott Bessent on Monday sketched out the roadmap of President Donald Trump’s “America First Vision” in a pitch to a roomful of global investors on the future of […]
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China risks a spiral into deeper deflation as it diverts U.S.-bound exports to domestic market
SHENZHEN, CHINA – APRIL 12: A woman checks her smartphone while walking past a busy intersection in front of a Sam’s Club membership store and a McDonald’s restaurant on April 12, 2025 in Shenzhen, China. Cheng Xin | Getty Images News As sky-high tariffs kill U.S. orders for Chinese goods, the country has been striving […]
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Trump, asked if he has to ‘uphold the Constitution,’ says, ‘I don’t know’
U.S. President Donald Trump delivers remarks on the National Day of Prayer, in the Rose Garden at the White House in Washington, D.C., U.S., May 1, 2025. Evelyn Hockstein | Reuters President Donald Trump argued in an interview with NBC News’ “Meet the Press” that fulfilling his ambitious campaign promise to rapidly carry out mass […]
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