Business News

(NEW YORK) -- Consumer sentiment ticked higher in July, marking two consecutive months of improved shopper attitudes as businesses navigated President Donald Trump’s latest tariff threats targeting dozens of countries. The fresh reading matched economists’ expectations.The recent resurgence of consumer sentiment followed six straight months of worsening attitudes, according to University of Michigan survey data released Friday. Before the swell of optimism, consumer sentiment had fallen to near its lowest level since a bout of […]

(WASHINGTON) -- Private spaceflight is transforming from joy rides for billionaires into a gateway for nations to establish their space presence, one expert says, as the latest Axiom Space mission returned to Earth on Tuesday.The mission marked a historic moment for India, Poland and Hungary, who sent astronauts to the International Space Station (ISS) for the first time in decades. Rather than waiting for traditional space programs, these nations booked […]

Matteo Colombo/Getty Images (NEW YORK) -- Stocks were mixed in early trading on Monday after President Donald Trump over the weekend issued 30% tariffs on the European Union and Mexico, rekindling tensions with two of the largest U.S. trade partners and threatening to raise consumer prices.The Dow Jones Industrial Average dropped 115 points, or 0.26%, while the S&P 500 dropped 0.15%. The tech-heavy Nasdaq ticked up 0.04%.Trump on Saturday announced […]

(WASHINGTON) -- President Donald Trump has posted two letters on his social media platform announcing new tariffs on the European Union and Mexico that will take effect on Aug. 1.Trump will impose a 30% tariff on Mexico due to fentanyl crossing the border, he said in a letter to Mexican President Claudia Sheinbaum."Mexico has been helping me secure the border, BUT what Mexico has done is not enough. Mexico still […]

(WASHINGTON) -- President Donald Trump ratcheted up tariffs on Canada late Thursday, stoking tensions with a top U.S. trade partner as the two sides try to hash out a trade agreement by the end of the month.The Dow Jones Industrial Average tumbled 250 points, or 0.5%, in early trading on Friday, erasing some of the index’s gains in recent weeks as it approached a record high. The S&P 500 dipped 0.4%, while the tech-heavy […]

(NEW YORK) -- Linda Yaccarino said she is stepping down from her role as CEO of X, the social media platform owned by Elon Musk.Yaccarino, who previously served as an advertising executive at NBCUniversal, took the helm of X two years ago.In post on X announcing her departure, Yaccarino thanked Musk for the opportunity."When [Musk] and I first spoke of his vision for X, I knew it would be the […]

Andrew Caballero-Reynolds/AFP via Getty Images (WASHINGTON) -- Stocks closed down significantly on Monday after President Donald Trump announced steep tariffs on seven countries and threatened to impose new levies on others.The Dow Jones Industrial Average closed down 422 points, or 0.9%, while the S&P 500 dropped 0.7%. The tech-heavy Nasdaq declined 0.9%.Tesla, the electric-vehicle company led by tech billionaire Elon Musk, fell 6% after the CEO reignited a feud with Trump by announcing plans to launch […]

(WASHINGTON) -- President Donald Trump on Monday will sign an executive order delaying steep levies on dozens of countries that were set to take effect on Wednesday, the White House said.Trump's so-called reciprocal tariffs will now take effect on Aug. 1, White House press secretary Karoline Leavitt told reporters.Minutes earlier, Trump announced 25% tariffs on South Korea and Japan that would take effect at the start of August. Twelve additional […]

(NEW YORK) -- Gas prices are hovering near their lowest summer level in four years as millions of people ready themselves to hit the roads over the Fourth of July holiday weekend.The national average for a gallon of gas on Thursday stood at $3.16, which amounts to a nearly 10% decline from a year ago, AAA data showed. Gas prices dropped in recent weeks as crude oil erased a spike set off by the outbreak […]