Tariffs threaten a pharmaceuticals shortage, as 95% of ibuprofen comes from China

The United States heavily relies on China for its supply of common over-the-counter pain medications, making President Donald Trump's 145% tariffs on Chinese imports particularly impactful on the U.S. pharmaceutical supply chain. According to Apollo Chief Economist Torsten Sløk, approximately 95% of the U.S.'s

China to lower tariffs on US goods to 10% from 125% for 90 days

President Donald Trump said tariffs on Chinese goods won’t return to the 145% level after the current 90-day suspension, expressing optimism that a deal is on the horizon. Referring to the Geneva negotiations over the weekend, he described them as “productive” and said a “total reset” had been achieved.

Trump: China tariffs won't go back up all the way to 145%

President Donald Trump said tariffs on Chinese goods won’t return to the 145% level after the current 90-day suspension, expressing optimism that a deal is on the horizon. Referring to the Geneva negotiations over the weekend, he described them as “productive” and said a “total reset” had been achieved.

Markets are one Truth Social post from being up or down 5% every day, JPMorgan portfolio , JPM, manager said

“We’re one Truth Social post away from a 5% swing either way on any given day,” said Bill Eigen, a portfolio manager at JPMorgan, during a CNBC appearance Friday morning ahead of the April jobs report. “At this point, the data almost feels like an afterthought.” Markets have been

Trump: Mattel 100% tariff

President Donald Trump has threatened to slap a 100% tariff on Mattel, the maker of Barbie, after the company’s CEO said it would continue producing goods overseas while reducing its dependence on Chinese manufacturing. “I heard they said, ‘We’ll just move somewhere else,’” Trump told reporters in the

Trump to lower drug costs

Former President Donald Trump announced on Sunday that he plans to sign an executive order on Monday aimed at lowering the cost of certain prescription drugs — reviving a stalled policy effort from his first term that he has championed since before entering office. The order, if enacted, would direct the

Trump is poised to accept a luxury jet costing $400 million as a gift from Qatar

In what could be the most valuable gift ever given to the United States by a foreign nation, the Trump administration is preparing to accept a lavishly outfitted Boeing 747-8 jumbo jet from Qatar’s royal family—a plane intended for use by President Donald Trump as a temporary Air

Putin and Zelensky to meet in Turkey on Thursday to discuss ceasefire

Ukrainian President Volodymyr Zelensky announced on May 11 that he is prepared to meet Russian President Vladimir Putin in Turkey on May 15. "There is no point in prolonging the killings. I will wait for Putin on Thursday in Turkey," Zelensky stated. As Ukraine's allies continue

US announces China trade deal in Geneva

U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer announced Sunday that they had reached a deal with China aimed at reducing the U.S. trade deficit, citing “substantial progress” following two days of high-level talks in Geneva. However, they provided no specifics, saying full details would be

Senior U.S. and Chinese officials concluded the first day of high-stakes trade negotiations in Switzerland on Saturday,

Senior U.S. and Chinese officials concluded the first day of high-stakes trade negotiations in Switzerland on Saturday, aiming to ease a tariff conflict that has cast a shadow over the global economy. Talks are set to continue Sunday, according to a source familiar with the discussions. Chinese Vice Premier

Zelensky announces Ukraine's readiness to implement a 30-day ceasefire initiative starting Monday without conditions

In a united front with Kyiv, leaders from four major European nations warned Russian President Vladimir Putin on Saturday that they are prepared to escalate pressure if he refuses to accept a proposed unconditional 30-day ceasefire in Ukraine. The ceasefire proposal—set to begin Monday—was jointly backed by France,

The first Chinese goods subject to President Trump’s 145%-plus tariffs have begun arriving at the busiest ports in the U.S. in Los Angeles and Long Beach

The first wave of shipping containers filled with Chinese goods subject to President Donald Trump’s new 145% tariffs has begun arriving at U.S. ports. Seven vessels carrying over 12,000 containers that departed China after the tariffs took effect have docked at the ports of Los Angeles and

China ministry statement says China firmly opposes 'US abuse' of reciprocal tariffs

President Donald Trump on Friday said an 80% tariff on Chinese goods “seems right,” marking the first time he has floated a specific rate lower than the current 145% tariffs placed on Chinese imports. His remarks come just ahead of high-stakes negotiations set for the weekend. U.S. Treasury Secretary

Trump’s China tariffs are about to unleash a supply shock on the US economy, with shoppers likely to see empty shelves and higher prices

President Donald Trump’s sweeping tariffs have been rattling both Washington and Wall Street for weeks—but the next shockwave could strike closer to home. Since the U.S. hiked tariffs on Chinese imports to 145% in early April, cargo traffic from China has plunged—possibly by as much as

Gen Z college grads expect to earn more than $100,000 at their first job

The class of 2025 is aiming high, expecting to earn an average annual salary of $101,500, according to a recent ZipRecruiter report. That figure significantly overshoots reality, given that the actual average starting salary for recent college grads comes in at $68,400 before taxes. While these expectations may

Trump: 80% tariffs on China seems right

President Donald Trump on Friday said an 80% tariff on Chinese goods “seems right,” marking the first time he has floated a specific rate lower than the current 145% tariffs placed on Chinese imports. His remarks come just ahead of high-stakes negotiations set for the weekend. U.S. Treasury Secretary

Hasset: 24 more trade deals are close to being resolved

White House economic advisor Kevin Hassett signaled that additional trade agreements, modeled after the recent deal with the UK, are likely on the way. Speaking on CNBC, Hassett revealed that 24 trade negotiations are nearing completion. He voiced confidence ahead of the upcoming talks in Geneva, calling developments so far

More Americans are financing groceries with buy now, pay later loans — and more are paying those bills late

An increasing number of Americans are relying on buy now, pay later (BNPL) services to cover the cost of everyday essentials—especially groceries—and more are falling behind on their payments, according to new data from LendingTree released Friday. The survey highlights rising financial stress among consumers who are feeling

64% of U.S. adults fear financial collapse more than the end of life itself

Nearly two-thirds of Americans—64%—say they fear outliving their money more than death itself, according to the Allianz 2025 Annual Retirement Study. The survey, which polled 1,000 adults aged 25 and older, revealed that financial anxiety spans generations, with Gen X, millennials, and baby boomers all expressing concern

Nicolai Tangen, CEO of Norway's $1.7 trillion sovereign wealth fund, has said the fund will increase investments in US stocks

Norway’s sovereign wealth fund, the largest in the world, posted its steepest quarterly loss in a year and a half, hit hard by the tech sector’s downturn and global market volatility. In the first quarter of 2025, the fund recorded a negative return of 0.6%, amounting to

Businesses are already trying to pass tariff costs onto customers

While President Trump insists that foreign exporters will bear the brunt of U.S. tariffs, recent data suggests the opposite — American consumers are poised to shoulder much of the burden as companies adjust pricing to offset rising import costs. A new survey from the Federal Reserve Bank of Dallas and

US weighs plan to decrease Chinese tariffs to as low as 50%, down from 145%, as soon as next week

The Trump administration is considering a significant reduction in tariffs on Chinese imports, potentially lowering them from the current 145% to between 50% and 54% as early as next week. This move coincides with upcoming U.S.-China trade negotiations in Switzerland and reflects growing industry optimism for a resolution

Google, GOOGL, has agreed to fund the development of three new nuclear sites

Google has entered into a partnership with nuclear energy developer Elementl Power to advance three new nuclear power sites in the United States, each projected to generate at least 600 megawatts of electricity. This initiative aims to address the escalating energy demands of data centers, particularly those supporting artificial intelligence

Gen Z grads say their college degrees were a waste of time and money as AI infiltrates the workplace

As artificial intelligence continues to reshape the workplace, nearly half of Gen Z job seekers believe their college degrees have already been rendered irrelevant by tools like ChatGPT — and many are questioning whether higher education was worth the investment at all. According to a new report from Indeed, 49% of

You'd need over $1.6 million in 2025 to have the same spending power you did with $1 million in 2005

You'd need over $1.6 million in 2025 to have the same spending power you did with $1 million in 2005. The U.S. Federal Reserve left its benchmark interest rate unchanged on Wednesday, resisting renewed pressure from President Donald Trump to lower borrowing costs, and warning that