President Donald Trump on Friday evening said he signed an executive order imposing a new 10% “global tariff,” hours after the Supreme Court struck down his sweeping “reciprocal” import duties in a major rebuke of his trade agenda. The “Section 122” tariffs will take effect “almost immediately,” Trump said in a Truth Social post. They…
The retail industry on Friday said the Supreme Court’s ruling that struck down some of President Donald Trump’s global tariffs would usher in more predictability and free up businesses from the burden of higher import costs. “The Supreme Court’s announcement today regarding tariffs provides much-needed certainty for U.S. businesses and manufacturers, enabling global supply chains…
Traders work at the opening bell on the floor of the New York Stock Exchange (NYSE) in New York, on February 20, 2026. Timothy A. Clary | Afp | Getty Images Stock Chart IconStock chart icon Dow Jones Industrial Average, 1-day The Supreme Court struck down most of Trump’s sweeping tariff policy under the International…
Customers at a Ford dealership in Richmond, California, April 16, 2025. David Paul Morris | Bloomberg | Getty Images DETROIT — The strength of the U.S. automotive industry will face an early test this spring that has nothing to do with cars or trucks. With tax season starting, industry experts are projecting that some Americans,…
A worker walks through rows of American-made furniture at Warehouse Showrooms Furniture in Alexandria, Virginia, US. President Donald Trump’s sweeping new tariffs officially took hold Thursday, as he barrels forward with his turbulent push to reshape global trade. Bloomberg | Bloomberg | Getty Images The Supreme Court struck down President Donald Trump’s so-called “reciprocal tariffs”…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 9, 2026. Brendan McDermid | Reuters LONDON — European stocks opened higher on Friday as traders parsed through more economic data and earnings reports, while monitoring tensions between the U.S. and Iran. The pan-European Stoxx 600 was…
The International Energy Agency (IEA) 2026 Ministerial Meeting and Energy Innovation Forum in the OCDE in Paris, France, on February 18 and 19, 2026. Nurphoto | Nurphoto | Getty Images U.S. Energy Secretary Chris Wright said on Thursday that the U.S. would “pressure” the International Energy Agency to move away from net zero — and…
A Walmart store is shown in Oceanside, California, U.S., May 15, 2025. Mike Blake | Reuters Walmart is expected to report its fiscal fourth-quarter earnings on Thursday morning as the retail giant and its new CEO chase a future fueled more by digital businesses and artificial intelligence. Here’s what Wall Street analysts surveyed by LSEG…
Food and Drug Administration Commissioner Marty Makary warned that the U.S. is falling behind China in early-stage drug development and called for reforms that could streamline the process for starting trials on new treatments. In an interview with CNBC on Wednesday, Makary specifically pointed to three bottlenecks that he said cause the U.S. to fall…
White House economic advisor Kevin Hassett said Wednesday that the authors of a recent New York Federal Reserve paper that found U.S. companies and consumers are shouldering most of the tariff burden should be “disciplined.” In a CNBC interview, the National Economic Council director ripped the report, saying that central bank researchers ignored key aspects…