US Treasury Scott Bessent has a message to powerful public company CEOs: Stop worrying about tariffs, and get back to business

U.S. Treasury Secretary Scott Bessent has a clear message for corporate America’s top executives: focus on running your companies and stop fixating on trade tensions. "Over the next 90 days, we’ll have much more clarity on tariffs and the direction we're headed," Bessent

Mike Waltz reportedly out as U.S. National Security Adviser

U.S. National Security Adviser Mike Waltz is stepping down from his position in the Trump administration, according to multiple media outlets. Waltz, who served as the president’s top adviser on national security matters, has faced a turbulent period in the role, particularly following allegations that senior officials relied

US debt to grow twice as fast as the economy

A new report from the Government Accountability Office (GAO) reinforces the Congressional Budget Office’s (CBO) ongoing warnings that the federal debt is heading down an unsustainable path. The GAO identifies key factors influencing this fiscal trend and urges Congress to create a comprehensive strategy to tackle the issue. According

Tesla, TSLA, Board of Directors have opened a search for a CEO to succeed Elon Musk

Tesla Inc.'s board members reached out to executive search firms to initiate a formal search for a potential successor to CEO Elon Musk, according to the Wall Street Journal, which cited individuals familiar with the matter. The report states that these efforts began roughly a month ago, amid

Robert F. Kennedy Jr has said he is working to ban all soda and candy from US food stamps

Health and Human Services Secretary Robert F. Kennedy Jr. said he’s collaborating with Agriculture Secretary Brooke Rollins to implement a ban on using food stamps to buy candy and soda. Kennedy addressed the Supplemental Nutrition Assistance Program (SNAP) during a Cabinet meeting with President Trump at the White House

U.S. & Ukraine sign minerals agreement

The United States and Ukraine have officially signed an agreement to establish the United States–Ukraine Reconstruction Investment Fund, a long-anticipated pact that grants the U.S. access to Ukrainian rare earth minerals, both governments announced on Wednesday. “This deal sends a strong message to Russia that the Trump

Port of Los Angeles says shipping volume will plummet 35% next week as China tariffs start to bite

Cargo shipments from China to the U.S. West Coast are set to take a sharp downturn next week, as the fallout from President Donald Trump’s latest round of tariffs forces businesses to scale back their imports. Gene Seroka, executive director of the Port of Los Angeles, said Tuesday

Since February 2020, home prices have increased 45%

The co-CEO and chairman of Lennar, one of the country’s largest homebuilders with a $30 billion valuation, just delivered a stark message: the combination of steep home prices and elevated mortgage rates is putting a major drag on housing demand. “Mortgage rates have stayed elevated for longer than

Snap’s, SNAP, CEO says he purposefully sets new hires up to fail on their first day on the job

For most people starting a new job, being told to put together a presentation on day one would feel like a nightmare. But for Evan Spiegel, cofounder and CEO of Snapchat, it’s a deliberate part of the onboarding process. Instead of beginning with tours or administrative tasks, new designers

Estimated number of human workers expected to be replaced by humanoid robots

Humanoid robots may outgrow the auto industry in economic impact, said Morgan Stanley estimating that the market could swell to $5 trillion in annual revenue by mid-century as adoption will grow across industrial, commercial, and eventually at household use. Morgan Stanley sees a billion of robots in use by

Generation Z, those born between 1997 and 2012, started saving for retirement at 24

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

Navarro: this was the best negative print for GDP I've seen

The U.S. economy shrank in the first quarter of 2025, as a spike in imports—fueled by anticipation of new tariffs—marked the early days of President Donald Trump’s second term and signaled the growing costs of his trade agenda. From January to March, gross domestic product (GDP)

Warren Buffett calls himself ‘cheap’ for still living in the same house he purchased for $31,500—despite having $168 billion to his name

At 94, Warren Buffett still lives by the principle of frugality—so much so that he once drove around with a license plate that read “THRIFTY.” “I’m cheap,” he openly told CBS News’ Norah O’Donnell. True to that admission, Buffett still resides in the Omaha home he bought

U.S. auto loan applications are being denied at the highest level in over ten years

A growing number of Americans are bracing for tougher financial conditions, with many expecting to be turned down if they apply for credit cards, auto loans, or mortgages, according to a new report from the New York Federal Reserve. In February, 46.7% of survey participants said they believe getting

Trump: I don't take credit or discredit for the stock market

President Donald Trump sought to shift blame as Wall Street reacted sharply to news that the U.S. economy contracted in the first quarter of 2025 — the first such decline in three years. Trump dismissed concerns that his own policies, including tariffs and trade tensions, played a role, instead pointing

Adidas says it will raise prices on all its US products due to new tariffs

Adidas announced Tuesday that the cost of its products in the U.S. will rise, a consequence of tariffs imposed by former President Donald Trump. The German sportswear leader emphasized that its lack of domestic production leaves it vulnerable to these added import duties. “Since we currently cannot produce almost

Pakistan Minister: India is planning an attack on Pakistan in 24-36 hours

akistan's information minister Attaullah Tarar said on Wednesday that Pakistan has credible intelligence that India intends to launch a military strike within the next 24 to 36 hours."Pakistan has credible intelligence that India intends to launch a military strike within the next 24 to 36 hours

After President Trump called Jeff Bezos, Amazon, AMZN, called off its plan to add ‘tariff price adjustments’ to product listings

Amazon on Tuesday pushed back against a report that it planned to show the cost of President Donald Trump’s tariffs alongside product prices, following sharp criticism from the White House and a personal call from Trump to Amazon founder Jeff Bezos. The confrontation stemmed from a Punchbowl News article

Lutnick: All cars that are finished in US that have 85% domestic content will have no tariffs

‘Finish your cars in America and you win’: Commerce Secretary says Trump’s auto tariff relief is meant to bring manufacturing home As reported earlier, President Donald Trump is set to sign an executive order today that will ease part of his newly imposed 25% auto tariffs for carmakers assembling

China has waived the 125% tariff on ethane imports from the United States imposed earlier this month

China has lifted the 125% tariff on U.S. ethane imports that was imposed earlier this month, according to two individuals with direct knowledge of the decision. The exemption applies to a select group of products and is expected to ease pressure on Chinese companies that rely on American ethane

S&P500 still has plenty of room to fall if a recession is inevitable

The sharpest U.S. stock market selloff since the height of the COVID-19 crisis has left equities looking relatively inexpensive. But if a recession is looming—driven by a deepening global trade war triggered by President Donald Trump’s sweeping tariffs—what counts as "cheap" may be

"Households making $100,000 annually are still considered “middle-class” in every U.S. state"

What it takes to feel “rich” in America has shifted dramatically: making close to $200,000 a year doesn’t even qualify as upper-class in some states anymore. The label of “wealthy” is becoming increasingly reserved for the ultra-elite—those among the top 1% earning millions. A new

White House: Amazon, AMZN, showing tariffs on each product is a hostile and political act

Amazon on Tuesday pushed back against a report that it planned to show the cost of President Donald Trump’s tariffs alongside product prices, following sharp criticism from the White House and a personal call from Trump to Amazon founder Jeff Bezos. The confrontation stemmed from a Punchbowl News article

Amazon, AMZN, to show cost of Trump tariffs on each product, but has cancelled after Trump call

The White House on Tuesday sharply criticized Amazon over reported plans to display the cost of President Donald Trump’s tariffs alongside product prices on its website. “This is a hostile and political act by Amazon,” said White House press secretary Karoline Leavitt during a press briefing. Leavitt questioned the

UPS says it will cut 20,000 jobs worldwide in 2025

United Parcel Service announced Tuesday that it will eliminate 20,000 jobs and shutter 73 facilities as part of a broader strategy to scale back deliveries for Amazon.com and adapt to the disruptions caused by U.S. President Donald Trump's trade tariffs. A UPS spokesperson cited the