NEW YORK (AP) — Most U.S. stocks fell Wednesday after a report showed inflation is unexpectedly worsening for Americans. The S&P 500 dropped 0.3%, though it had been on track for a much worse loss of 1.1% at the start of trading. The Dow Jones Industrial Average sank 225 points, or 0.5%, while the Nasdaq…
January’s Consumer Price Index rose over 3% for the first time since June 2024 and surpassing economists’ expectations.”This is a setback for consumers. It’s a setback for central bankers. It’s a setback for the economy,” says Mark Hamrick of Bankrate.com.Inflation also worsened month over month, with prices jumping 0.5% in January from December, the largest…
US stock futures crept higher on Thursday as investors braced for a busy day of earnings, with one eye on President Donald Trump’s fast-moving economic policy. Dow Jones Industrial Average futures () rose 0.3%, while S&P 500 futures () edged up roughly 0.2%. Contracts on the tech-heavy Nasdaq 100 () hovered just above the flat…
BEIJING (AP) — China countered President Donald Trump’s tariffs on Chinese products with tariffs of its own on multiple U.S. imports Tuesday as well as announcing an antitrust investigation into Google and other trade measures. China said it would implement a 15% tariff on coal and liquefied natural gas products as well as a 10%…
WASHINGTON (AP) — U.S. President Donald Trump held off Monday on his tariff threats against Mexico for one month of further negotiations after Mexican President Claudia Sheinbaum agreed to send 10,000 members of her country’s national guard to the border to address drug trafficking. Trump’s tariffs against Canada and China were still slated to go…
Worries about President Donald Trump’s tariffs are hurting U.S. stocks Monday as financial markets worldwide drop on concerns about a potential trade war.The S&P 500 was down 1.4% in early trading following similar losses for stock markets across Asia and Europe. The Dow Jones Industrial Average was down 435 points, or 1%, as of 9:35…
ATLANTA (AP) — President Donald Trump has taken executive action to impose new tariffs on imports from Canada, China and Mexico. The move fulfills campaign promises but also sparked retaliatory moves that could signal an extended trade war with key trading partners and, in the case of Mexico and Canada, the closest U.S. neighbors and…
TORONTO (AP) — Canada’s prime minister and Mexico’s president ordered retaliatory tariffs on goods from the U.S, following through with their threats after U.S. Donald Trump sparked a trade war by imposing sweeping tariffs on imports from Canada, Mexico and China. Canada is initially targeting $30 billion Canadian (US$20 billion) in goods imported from the…
President Donald Trump signed an order to put tariffs on U.S. neighbors Canada and Mexico, as well as China, starting Tuesday. Canada and Mexico quickly announced retaliatory tariffs, while China said it would take “necessary countermeasures.” The business between the North American nations now exceeds China, totaling $1.8 trillion in 2023. That is far greater…
PALM BEACH, Fla. (AP) — President Donald Trump said Sunday that Americans could feel “some pain” from the emerging trade war triggered by his tariffs against Canada, Mexico and China, and claimed that Canada would “cease to exist” without its trade surplus with the United States. “Canadians are perplexed,” the country’s U.S. ambassador said. “We…