US officials plan to use trade negotiations with more than 70 nations to ask them to disallow China to ship goods through their countries and prevent Chinese firms from being located in their territories to avoid US tariffs

The Trump administration is planning to leverage ongoing tariff negotiations to push U.S. trading partners to scale back their economic ties with China, according to individuals familiar with the discussions. The strategy involves securing commitments from partner nations to isolate China’s economy in return for easing some of

Wells Fargo, WFC, says home sales aren’t far off from levels seen in the wake of the Great Recession

In January, total home sales reached 4.7 million—just slightly higher than the sluggish pace seen during the aftermath of the Great Recession from 2008 to 2010, according to a recent research note from Wells Fargo economists. That figure, which includes both new and existing home sales, remains well

White House says 245% Chinese tariff is false

White House says 245% Chinese tariff is false. It says: China faces: — 125% reciprocal tariff — 20% tariff to address fentanyl crisis — Section 301 tariffs on specific goods, between 7.5% and 100% At a press briefing on Wednesday, Chinese Foreign Ministry spokesperson Lin Jian addressed a question about the White

U.S. households are more invested in stocks than ever and it's distorting market valuation, says JPMorgan

American households have been investing heavily in stocks, but these record-high levels of exposure may signal caution for the broader market. In a note released Wednesday, analysts at Ned Davis Research pointed out that multiple indicators suggest investor sentiment toward equities is approaching or already at long-term highs that have

Wharton’s Jeremy Siegel has called Trump’s tariffs the ‘biggest policy mistake in 95 years’

Jeremy Siegel, professor emeritus of finance at the University of Pennsylvania’s Wharton School, described President Donald Trump’s tariffs as the “biggest policy mistake in 95 years.” He was referring to the Smoot-Hawley Act of 1930, a protectionist measure that many economists believe deepened the Great Depression. “I don’

Thousands of North Korean IT workers have infiltrated the Fortune 500—and they keep getting hired for more jobs

Fortune 500 companies have unknowingly employed thousands of software engineers who posed as American developers but are actually North Korean nationals using stolen or fabricated identities. These IT workers, hired through legitimate channels, have been illegally sending their salaries to the North Korean regime to help fund its banned weapons

About 50% of parents are still financially supporting their Gen Z and millennial children $1,474 a month

Millennials may be nearing 40, but many are still receiving financial help from their parents to make ends meet. Roughly half of parents in the U.S. provide financial support to at least one adult child over the age of 18, according to a recent report from Savings. Gen Z

Y Combinator CEO Garry Tan has said that for about a quarter of the current YC startups, 95% of the code was written by AI

Silicon Valley’s youngest startups are seeing a significant lift thanks to advances in artificial intelligence. At this week’s annual demo day in San Francisco, Y Combinator — the startup accelerator behind companies like Airbnb, Dropbox, and Stripe — showcased its latest batch of early-stage companies to a room full of

China says it is open to trade talks if "Trump shows respect"

China is seeking several actions from President Donald Trump’s administration before agreeing to resume trade negotiations, according to a person familiar with the Chinese government's position. Among the key expectations are that Washington demonstrate greater consistency in its messaging, address Beijing’s concerns over sanctions and Taiwan,

China now faces up to 245% tariffs due to retaliatory actions

At a press briefing on Wednesday, Chinese Foreign Ministry spokesperson Lin Jian addressed a question about the White House's claim that China now faces up to a 245% tariff on exports to the U.S. due to its retaliatory measures. Lin said, “You can ask the U.S.

Hong Kong suspends postal service for good bound for US

Hongkong Post has announced the suspension of its goods mail services to the United States in response to recent U.S. tariff increases. Effective immediately, sea mail services have been halted, and air mail services for items containing goods will cease on April 27. This decision follows the U.S.

Nvidia, NVDA, has just reported that the US government is banning their export of H20 products to China for the indefinite future

Nvidia is anticipating a $5.5 billion charge in its upcoming quarterly earnings due to new U.S. export restrictions on its H20 AI chips to China. The U.S. government informed Nvidia on April 9 that exporting the H20 chip to China would now require a special license, citing

Donald Trump right now: We may want countries to choose between us or China

Federal Communications Commission (FCC) Chair Brendan Carr has urged European nations to align with U.S. satellite technology providers, such as Elon Musk's Starlink, over Chinese alternatives. In an interview with the Financial Times, Carr emphasized the strategic risks associated with partnering with Chinese providers and highlighted the

China has halted Boeing, BA, deliveries

U.S. President Donald Trump said Tuesday that China has backed out of a significant Boeing deal, following a news report that Beijing had instructed its airlines to stop taking delivery of aircraft from the American aerospace manufacturer. Trump’s remarks on social media came after Bloomberg reported that Chinese

The White House has said that 130 countries are currently in negotiations for new trade agreements with the United States

White House National Economic Council Director Kevin Hassett said that the number of countries reaching out to the United States for trade tariff negotiations has climbed to 130. Discussions with China have also begun, according to Rapid Response. "Right now, 130 countries — 130 countries — have responded, and we'

Trump: All necessary permits will be expedited to NVIDIA

President Trump on Tuesday once again promoted Nvidia’s $500 billion plan to build AI infrastructure in the United States, promising to fast-track permits for the chipmaker and other companies investing heavily in the country. “This is very big and exciting news. All necessary permits will be expedited and quickly

Nearly half of employees would quit their jobs if they were required to return to the office full-time

Many Gen Z workers who began their careers during the pandemic continue to work from home—and a recent study by the British Standards Institution (BSI) and Respublica suggests they’re not eager to return to the office full-time, even if that choice has come at a cost to their

Trump now plans to impose 21% tariffs on most tomatoes from Mexico

The U.S. government has announced plans to impose a nearly 21% tariff on most tomatoes imported from Mexico this summer, citing concerns that the current trade agreement has failed to adequately protect American tomato growers from what it considers unfairly priced Mexican imports. On Monday, the Commerce Department stated

America’s rich are scrambling to open Swiss bank accounts

Wealthy Americans are increasingly moving large sums of money overseas, driven by concerns that they could be targeted under Donald Trump’s administration. Fearing potential limits on moving funds abroad, many affluent Democratic-leaning families are transferring significant amounts of cash out of the U.S. as a precaution. Some are

OpenAI is working on its own X-like social network

OpenAI is in the early stages of developing its own social media platform similar to X, according to multiple sources familiar with the project. An internal prototype reportedly centers around a social feed focused on image generation within ChatGPT. CEO Sam Altman has been privately seeking feedback from outside the

More people are bringing lunch to work; That's a bad economic indicator

Millions of people have returned to working in offices, but the anticipated boost for restaurants, salad bars, and sandwich shops has yet to materialize. Despite hopes for a rebound after the Covid-19 pandemic severely impacted midday business, many workers now find that buying lunch is simply too expensive. As a

Trump on Zelenskyy: "He's always looking to purchase missiles

Former President Donald Trump commented Monday on the conflict in Ukraine, stating, "You don't start a war with someone 20 times your size and then hope people give you some missiles." His remarks followed an interview with Ukrainian President Volodymyr Zelensky on “60 Minutes,” in which

A magnitude 6 earthquake strikes San Diego country estates and California region

A 5.2 magnitude earthquake struck inland San Diego County, California, on Monday, according to the U.S. Geological Survey (USGS). The quake occurred at a depth of 13.4 kilometers (8.33 miles), the USGS reported. Tremors were felt across much of San Diego County, as well as in

Bank of America, BAC, has said "Short the S&P500"

Bank of America (NYSE: BAC) is advising investors to take a bearish position on the S&P 500, arguing that market conditions will remain unfavorable for equities until two key developments occur: a significant interest rate cut by the Federal Reserve and a resolution—or at least a pause—

37% of parents plan to stop providing financial support to their adult children within the next two years, and another 28% will freeze their aid in three to four years

Millennials may be approaching 40, but their parents are still footing the bill to help them stay financially afloat. Roughly half of parents provide financial support to at least one adult child over the age of 18, according to a recent report from Savings. On average, Gen Z adults receive