India to work to finalize a new trade deal with the US during 90-day US tariff pause

An Indian trade official said Friday that a mutually beneficial trade deal with the United States could be reached within the next 90 days, following recent developments in U.S. trade policy. On Wednesday, U.S. President Donald Trump announced a 90-day pause on most planned tariff increases for key

Oil prices have fallen so steeply this month that it's no longer profitable for many companies to drill new wells in major U.S. patches

Oil prices have declined significantly this month, making it unprofitable for many companies to drill new wells in key U.S. regions. This trend tends to slow merger and acquisition activity in the energy sector, as lower profitability makes deal-making less appealing. Similar patterns were observed during the oil price

WeightWatchers prepares to file for bankruptcy

WW International (WW.O), better known as WeightWatchers, is preparing to file for bankruptcy in the coming months as part of a plan to hand over control of the company to its creditors, according to a report from The Wall Street Journal on Wednesday, citing people familiar with the matter.

Fed's Kashkari says rising bond yields, falling dollar show investors are moving on from the US

Minneapolis Federal Reserve President Neel Kashkari said Friday that recent market movements suggest investors are beginning to turn away from the U.S. as the world’s safest investment destination, as President Donald Trump’s escalating trade war fuels uncertainty. Speaking on CNBC’s Squawk Box, Kashkari pointed to the

Trump calls for an end to Daylight Savings Time

President Donald Trump on Friday renewed his push to end the practice of changing clocks for daylight saving time, just a month after he remarked that public opinion on the issue was too evenly split to take action. “The House and Senate should push hard for more Daylight at the

China says it is raising tariffs on US goods to 125%

China has raised its tariffs on U.S. imports to 125%, escalating the ongoing trade dispute with Washington just hours after President Xi Jinping declared that “there are no winners in a tariff war.” Xi made the remarks during a meeting with Spanish Prime Minister Pedro Sánchez, where he invited

The White House is considering using our tax dollars to give $10,000 per year to every person in Greenland

Trump’s Greenland Ambition Becomes Formal U.S. Policy as White House Advances Acquisition Plan President Donald Trump’s long-standing ambition to bring Greenland under U.S. control has moved beyond rhetoric, with the White House now pursuing a formal plan to acquire the vast Arctic island from Denmark. The

McDonalds, MCD, has said that “consumers are spending less due to increased concerns about inflation and the economy"

Lululemon (LULU) shares dropped 15% in afternoon trading after CEO Calvin McDonald warned that consumers are beginning to spend less due to growing concerns about the U.S. economy. “The dynamic macro environment has contributed to a more cautious consumer,” McDonald told investors during a Thursday evening earnings call. “Consumers

Baby boomers now account for 42% of all homebuyers, while millennials accounted for 29%

Baby boomers have overtaken millennials as the leading generation of homebuyers, according to a new report from the National Association of Realtors (NAR). In a notable shift, baby boomers accounted for 42% of all home purchases over the past year, while millennials made up just 29%. A year earlier, millennials

Chinese companies that sell products on Amazon, AMZN, are preparing to hike prices for the U.S. or quit that market due to tariffs

Chinese businesses selling on Amazon are weighing steep price increases or exiting the U.S. market altogether in response to President Donald Trump’s dramatic tariff hikes, according to sellers and the head of China’s largest e-commerce association. Trump announced Wednesday that tariffs on Chinese imports would rise to

The US House has voted on the SAVE Act, and passed it, requiring citizens to have proof of citizenship to vote in elections

The House on Thursday approved a key Republican legislative priority for the year—passing a bill that would require individuals to provide proof of U.S. citizenship when registering to vote in federal elections, advancing one of President Donald Trump’s top election-related initiatives. The measure passed largely along party

RFK JR has just said at Trump's Cabinet meeting: We will know by September what caused the Autism Epidemic in the US

U.S. Health and Human Services Secretary Robert F. Kennedy Jr. announced Thursday that the department has launched a “massive testing and research effort” involving hundreds of scientists worldwide, aiming to determine the cause of what he described as the “autism epidemic” by September. However, experts have raised concerns about

President Donald Trump is reportedly looking into possibly delisting Chinese public companies from US exchanges

The United States may move to delist Chinese companies from American stock exchanges, according to a report by Fox Business correspondent Charles Gasparino, who cited sources familiar with the matter. “Sources: [President Donald] Trump Administration is moving toward a possible delisting of Chinese public co shares on US exchanges,” Gasparino

US Treasury Secretary Bessent: This was Trump's strategy all along, you might even say he goaded China into a bad position

President Donald Trump said he will temporarily lower the high tariffs he recently put on many countries — but not on China. Treasury Secretary Scott Bessent said the tariffs were always meant as a smart negotiating move, and the 90-day pause is part of that plan to bring other countries to

Goldman Sachs, GS, says to brace for a recession

In an interview with Fox Business’s Maria Bartiromo, JPMorgan Chase CEO Jamie Dimon said a recession is a “likely outcome,” though he deferred to his team of economists on the specifics. “I am going to defer to my economists at this point, but I think probably. That’s a

Trump is raising tariffs on China to 125%

President Donald Trump on Wednesday announced a 90-day pause on the full effect of his new tariffs for at least some countries. Trump also said that he was raising the tariffs imposed on imports from China to 125% “effective immediately” due to the “lack of respect that China has shown

Trump has said there is a 90 day pause to reciprocal and 10% tariffs

President Donald Trump on Wednesday announced a 90-day pause on the full effect of his new tariffs for at least some countries. Trump also said that he was raising the tariffs imposed on imports from China to 125% “effective immediately” due to the “lack of respect that China has shown

China raises tariffs on US goods to 84%

China has announced sweeping new tariffs of 84% on all imports of U.S. goods, a sharp escalation in its trade standoff with President Donald Trump that triggered renewed stock market losses and heightened fears of a prolonged global economic conflict. The Chinese Ministry of Finance said Wednesday that the

Treasury Secretary Scott Bessent says China can raise tariffs "but so what"

reasury Secretary Scott Bessent said Wednesday that China’s decision to retaliate against President Trump’s trade measures would ultimately be a strategic misstep. “They have the most imbalanced economy in the history of the modern world. And I can tell you that this escalation is a loser for them,

Amazon, AMZN, cancels some inventory orders from China after tariffs

Amazon.com Inc. has canceled orders for several products manufactured in China and other Asian countries, according to a document reviewed by Bloomberg and sources familiar with the matter—signaling the company may be adjusting its supply chain to reduce exposure to tariffs imposed by President Donald Trump. The canceled

Kevin O'Leary calls for 400% tariffs on China

“Shark Tank” investor and businessman Kevin O’Leary believes President Donald Trump isn’t going far enough in his trade fight with China—and says the 104% tariffs currently in place should be quadrupled. Appearing on CNN Tuesday, O’Leary called for a sharp escalation in U.S. trade pressure,

Trump says it is a great time to move your company to the US

Amid growing fears of a global recession sparked by an escalating trade war, former President Donald Trump declared that now is a “great time” to relocate businesses to the United States. The statement comes after Trump imposed a 104% tariff on Chinese imports. In response, China enacted its own retaliatory

US Treasury Secretary Bessent: Wall Street has grown wealthier for four decades. 'For the next four years, it's Main Street's turn'

U.S. Treasury Secretary Scott Bessent said Wednesday that his department will take on a more prominent role in shaping banking regulations, with the aim of better balancing regulatory costs and benefits while ensuring that financial institutions can support economic growth. In prepared remarks delivered at an American Bankers Association

EU adopts tariffs on €21 billion of US goods in metals dispute

EU Approves €21 Billion in Tariffs on U.S. Goods in Retaliation for Trump’s Metal Duties The European Union has approved retaliatory tariffs on approximately €21 billion ($23.2 billion) worth of U.S. goods, responding to the 25% duties President Donald Trump imposed last month on the bloc’

JPMorgan, JPM, CEO Jamie Dimon has said: A recession in the United States is now a "likely outcome"

In an interview with Fox Business’s Maria Bartiromo, JPMorgan Chase CEO Jamie Dimon said a recession is a “likely outcome,” though he deferred to his team of economists on the specifics. “I am going to defer to my economists at this point, but I think probably. That’s a