Business News

(WASHINGTON) -- President Donald Trump’s sweeping new tariffs finally took effect on Thursday, slapping levies on dozens of countries and risking price increases for a host of everyday goods.Tariffs between 10% and 41% were applied to nearly 70 countries beginning at 12:01 a.m. Thursday, significantly expanding the reach of Trump’s confrontational trade policy."IT’S MIDNIGHT!!! BILLIONS OF DOLLARS IN TARIFFS ARE NOW FLOWING INTO THE UNITED STATES OF AMERICA!" President Donald […]

Jon Hobley | MI News/NurPhoto via Getty Images (ST. LOUIS) -- About 3,200 union members at Boeing facilities in Michigan and Illinois went on strike at midnight on Monday after rejecting an contract offer from the company, the union said.Local members of the International Association of Machinists and Aerospace Workers, who build and maintain fighter jets, including the F-15 and F/A-18 models, voted on Sunday to reject Boeing's latest contract […]

Anthony Devlin/Getty Images (MIAMI) -- ABC began broadcasting with a new local affiliate in Miami on Monday, just months after Disney Entertainment struck an agreement with Sunbeam Television Corporation.Under the deal established in March, ABC Miami will broadcast ABC’s national sports, news and entertainment programming over-the-air on Channel 7.2 in the Miami-Fort Lauderdale television market, according to a statement. ABC can also be accessed on local Chanel 18."We are incredibly […]

(NEW YORK) -- Hiring slowed in July as President Donald Trump's tariffs pinched the balance sheets of some major companies and reshaped the nation's trade relationships. The reading fell short of economists' expectations.The U.S. added 73,000 jobs in July, according to data from the U.S. Bureau of Labor Statistics, or BLS. That figured marked a slowdown from 147,000 jobs added in the previous month. The unemployment rate ticked up to 4.2%, keeping […]

(NEW YORK) -- Hiring slowed in July as President Donald Trump’s tariffs pinched the balance sheets of some major companies and reshaped the nation’s trade relationships. The reading fell short of economists' expectations.The U.S. added 73,000 jobs in July, according to data from the U.S. Bureau of Labor Statistics, or BLS. That figured marked a slowdown from 147,000 jobs added in the previous month. The unemployment rate ticked up to 4.2%, keeping […]

(NEW YORK) -- U.S. stocks tumbled in early trading on Friday, just hours after President Donald Trump signed an executive order slapping new tariffs on dozens of countries. A weak jobs report worsened investor jitters, revealing a slowdown of hiring over recent months as Trump's previous tariffs took hold.The Dow Jones Industrial Average dropped 615 points, or 1.3%, while the S&P 500 dropped 1.6%. The tech-heavy Nasdaq declined 2.1%.Trump's executive order late Thursday laid […]

(WASHINGTON) -- President Donald Trump on Thursday sharply criticized India over its trade policy, escalating a series of attacks as the White House readies to ratchet up tariffs on the country.The Trump administration plans to slap 25% tariffs on Indian products and impose additional penalties starting on Friday, the president said on social media. The incendiary rhetoric toward India comes as Trump also prepares to impose new levies on dozens of other countries.The White House has […]

(WASHINGTON) -- The Federal Reserve held interest rates steady on Wednesday, just days after President Donald Trump made an unusual visit to the central bank, calling for a rate cut.The central bank has defied Trump’s public criticism for months, adopting a wait-and-see approach as central bankers observe the effects of tariffs."Uncertainty about the economic outlook remains elevated," Federal Open Market Committee (FOMC), a policymaking body at the Fed, said on […]

(WASHINGTON) -- The U.S. economy expanded more than expected as President Donald Trump’s tariffs took hold over recent months, federal government data on Wednesday showed.U.S. gross domestic product, or GDP, increased at a 3% annualized rate over three months ending in June. The figure marked a sharp acceleration from an annualized contraction of -0.5% over the first three months of 2025.The reading amounted to sturdy economic growth, suggesting the economy […]