Breaking News: Economy

The global economy faces many headwinds, but the aviation industry is expected to defy them
World

The global economy faces many headwinds, but the aviation industry is expected to defy them

A Turkish Airlines plane landing from a park next to Los Angeles International Airport on Dec. 26, 2024. Mario Tama | Getty Images The global economy may be facing an uncertain 2025 in light of trade tensions and geopolitical conflicts, but there’s a bright spot that investors can take solace in: aviation. The profitability of […]

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Trump advisers defend tariffs amid legal fight, insisting they’re ‘not going away’
Politics

Trump advisers defend tariffs amid legal fight, insisting they’re ‘not going away’

US President Donald Trump boards Air Force One at Joint Base Andrews, Maryland, on May 30, 2025. Saul Loeb | AFP | Getty Images President Donald Trump’s top economic advisers maintained confidence on Sunday that the “tariffs are not going away,” as a key tenet of Trump’s policy agenda hangs in legal limbo. “Rest assured, […]

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Trump and Xi are likely to talk soon about trade, though no date has been set, Hassett says
Politics

Trump and Xi are likely to talk soon about trade, though no date has been set, Hassett says

White House economic adviser Kevin Hassett gives a TV interview outside of the White House in Washington, U.S., May 9, 2025. Leah Millis | Reuters National Economic Council director Kevin Hassett suggested on Sunday that President Donald Trump and China’s President Xi Jinping could have a conversation about trade as soon as this week. Hassett […]

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EU ‘prepared to impose countermeasures’ after Trump doubles steel tariffs to 50%
Politics

EU ‘prepared to impose countermeasures’ after Trump doubles steel tariffs to 50%

President Donald Trump speaks to supporters during a rally at the US Steel-Irvin Works on May 30, 2025 in West Mifflin, Pennsylvania. Jeff Swensen | Getty Images The European Union on Saturday criticized President Donald Trump’s move to double tariffs on steel imports, warning that it “undermines” efforts to reach a “negotiated solution” in the […]

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Inflation rate slipped to 2.1% in April, lower than expected, Fed’s preferred gauge shows
World

Inflation rate slipped to 2.1% in April, lower than expected, Fed’s preferred gauge shows

Inflation barely budged in April as tariffs President Donald Trump implemented in the early part of the month had yet to show up in consumer prices, the Commerce Department reported Friday. The personal consumption expenditures price index, the Federal Reserve’s key inflation measure, increased just 0.1% for the month, putting the annual inflation rate at […]

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Caviar and privacy: Airlines’ business-class wars are here
Travel

Caviar and privacy: Airlines’ business-class wars are here

American Airlines new business-class suite. American Airlines DALLAS — Armed with dollops of caviar and handfuls of Bang & Olufsen headphones, U.S. airlines are duking it out for international business-class dominance. There are even differences between seats in the same cabin. Next week, American Airlines plans to start flying its upgraded business-class “suites” that feature […]

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Trump tariffs would still ‘pinch’ consumers even if trade court block holds, economist says
Finance

Trump tariffs would still ‘pinch’ consumers even if trade court block holds, economist says

Key Points A federal trade court blocked a large piece of President Trump’s tariff agenda in a ruling Wednesday. An appeals court temporarily paused that order on Thursday. Even if the lower court’s ruling holds, the average household would lose $950 of purchasing power in 2025 as a result of tariffs that remain on the […]

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South Korea’s Hybe opens China office amid hopes of a K-pop reversal from Beijing
World

South Korea’s Hybe opens China office amid hopes of a K-pop reversal from Beijing

The Hybe Building in Seoul, South Korea. Sopa Images | Lightrocket | Getty Images South Korea’s largest K-pop agency Hybe has established its first office in China — amid signs that Beijing is lifting its unofficial ban on K-pop shows. The agency behind global sensation BTS has been preparing to establish itself in China since last […]

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Trump tariffs reinstated by appeals court for now
Politics

Trump tariffs reinstated by appeals court for now

A federal appeals court on Thursday granted the Trump administration’s request to temporarily pause a lower-court ruling that struck down most of President Donald Trump’s tariffs. The Trump administration had earlier told the U.S. Court of Appeals for the Federal Circuit that it would seek “emergency relief” from the Supreme Court as soon as Friday […]

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Stocks making the biggest moves Thursday: Boeing, Nvidia, Salesforce, E.l.f. Beauty and more
Finance

Stocks making the biggest moves Thursday: Boeing, Nvidia, Salesforce, E.l.f. Beauty and more

Check out the companies making headlines in Thursday trading. Salesforce — The customer relations management software maker’s shares traded 5% lower on Thursday after the company posted its latest quarterly results. RBC Capital Markets downgraded the stock, citing execution risks if the company continues acquiring. Salesforce did beat fiscal first-quarter estimates and raised its full-year outlook, […]

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