Economy
Image
US financial markets opens with sharp drops after Trump's big tariffs announcement
As of Thursday, the Dow Jones Industrial Average is down 1150 points.
Image
You Vote: Do you approve of President Trump's 'Liberation Day' plan regarding tariffs?
Trump vowed the reciprocal tariffs will tilt global commerce back to America's advantage after decades of trade deficits.
Image
'Liberation Day': Trump to announce tariff plans in Rose Garden spectacle
Ahead of the Rose Garden event, moreover, he unveiled a 25% tariff on auto imports that earned praise from union workers, including from United Auto Workers (UAW) leaders who, hewing to political tradition, opposed his candidacy.
Image
Starbucks to lay off 1,100 of corporate employees
Starbucks previously fired its employees and closed many stores in major cities.
Image
Apple to invest $500B in U.S. manufacturing, innovation after recent meeting between CEO Cook, Trump
Apple facilities are expected to expand in Washington state, California, North Carolina, Arizona and Iowa.
Image
Existing home sales fell 4.9% in January, continuing slump
Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – dropped 4.9% from December to a seasonally adjusted annual rate of 4.08 million in January. Year-over-year, sales gained 2% (up from 4 million in January 2024).
Image
Biden housing market inherited by Trump creates nightmare scenario for American dream
"Nobody wants to move because they are sitting on a 3% rate or they can't afford to move because their payment on the same type of house almost doubles," says a senior loan officer based in Ohio. "So, there's no volume."
Image
You Vote: Do you approve of President Trump's plan for global reciprocal tariffs?
Some are concerned that they will start trade wars, leading to higher prices and inflation in the U.S.
Image
Inflation climbed to annualized rate of 3% in January, Bureau of Labor Statistics reports
Consumer prices rise 0.5% in January
Image
Trump begins trade war in earnest by shoring up key allies, targeting Chinese goods
Aluminum and steel are key materials in industrial manufacturing, an industry Trump hopes to resuscitate in the U.S. economy. At this point in time, China has an overwhelming advantage in accessing strategic commodities.
Image
January labor report shows slowdown in jobs added to U.S. economy
The January unemployment rate was 4%, down slightly from 4.1% in December
Image
China announces antitrust investigation into Google
China launches an antitrust investigation of Google at the same time as it retaliates against Trump's tariffs.
Image
Wall Street opens down Monday following Trump's tariffs on Canada, Mexico and China
The S&P 500 index went down 1.7% and the Nasdaq composite was down a little over two percentage points.